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trailing stop
im not programist, so u must be careful in using provided upper STOP files, because some of them automatically modify all opened orders and some modify only orders opened when EA is started. For sure i can say that aa.mq4
is the most controleable and works with orders which opened on switched EA. Its philosophy if very similar to STEP STOP, but aa.mq4 works like investor wants.
There would be very good if any programist modified that STOP files, to allow to choose which opened order u join to EA trailing stop.
I propose tu use aa.mq4, i think this is the best what is possible to find,
but u must test it to see when it sets stops and moves them or sets breakeven.
I think that having EA with breakeven is very important. I dont know why breakeven is so little underlined. My expierience tells me for sure that profit trading without breakevens is difficult, because good system is not able to tell u in 100% when to close profitable order. Even if u have profit u see many times when waiting for bigger profits become a loss and next profit and next loss. So finally u r not sure what to do. If u can use breakeven after price moves back u have executed profit and once again u enter the market for next profit.
i propose to read 2-3 times the link on strategybuilder, because the investor should know and use more than 1 method of closing the order. I think that should be accented a stop loss placed after some time. EG. your stop loss can close order at. 30 pips loss and/or after 6 bars. I remeber that author of braintrend uses some kind of TIME STOP LOSS. When he doesnt see profit after 4 bars he closes his order.
Last edited by master001; 12-27-2006 at 08:24 AM.
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