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Use.ADR.for.SL.pips?
tsl.divisor?= what does this do?
if the open positions takes more than one day will the TS change?
can anyone tell me please? tell me how to use this? please
I did some research on this and feel I have a high level grasp.
Use.ADR.for.SL.pips is somehow using the average daily range as your stoploss. It uses the ADR in corilation with the trailing stop divisor as shown below.
tsl.divisor is a trailing stoploss Divisor which to the best of my guess uses the divisor of the number you enter as your trailing stop. for instance if your tsl.divisor is 0.40 then it would use some subsets of its divisors (e.g., 1, 4, 5, 10 and 20) gives 40.
hope this helps.
__________________
Proverbs [James]
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i want to ask one question and i really hope that anybody would answer it.
Can i move my stop loss at specific price no trail it (that depends on price move)?
That'll be nice to have this feature on mt4 if it works at the server not in client terminal.
Insert this EA to the chart and you will have the automatic trailing stop for all the orders opened. You may have two kind of T/S:
- S/L is moving on the value of T/S from the beginning when the order is opened;
- S/L is moving if the profit is more than T/S.
Note: Put this EA to the one chart only. It works for all the orders opened (and will open).
I opened up another chart and put this ea on it. I have 3 positions open and set the TS to 40, TS Step 1. Unfortunately, nothing changed with the SL on the 3 opened orders that were about 60 pips profit above entry points. What could I be doing wrong??
Dave
<><<<
It finally worked - Took a while to process! Thanks!!!
I am looking for Ideas on setting Trailing stops , Break even, Target
For different currency pairs I was thinking on some type of formula based on daily ranges
Like xx% of daily range for trailing
Like xx% of daily range for stop
Like xx% of daily range for target point
Looking for any ideas or suggestion on what % or any other ideas for stops, targets
Does anyone know of an EA that basically works with manually entered orders to manage the exit with trailing stops, an option to lock in profits at a given level, then exiting using some good indicators. A lot of well constructed EA's have excellent exit management - basically it's this part that I'd like to be able to put to work on manually entered trades. Of course the goal here is to get an EA that will allow me freedom from the screen and squeeze out max pips for the orders I've entered.
Has anybody created a time base trailing stop ie once a position is open it will move from what ever pips away every second or hour until it closes out.
I am looking for a trailing stop that will do the following:
If I enter a trade with 1.0 lot I need the ea to close 0.1(or what user choose) at 10 pips and then close 0.1 every 6 pips after that. It also needs to trail at 30 pips (or what user choose). When it gets down to the last 0.1 lots, I don't want it to close this but to keep it open and trail it at the 30 pips.
Linear Mode
