Hi all,
I'm testing some ways to protect from loses trades, so I made this trailling loss protection.
It work like the trailling stop for winning trades, but in inverted direction.
If the trade is losing 15 pips, and come back losing only 5 pips, close the trade (step one).
If the trade is losing 30 pips, and come back losing 15 pips, close the trade (step two).
And one more step with the same logic. All the params is customizable.
To use, include this variables on your EA:
extern bool UseTrailingLoss = True;
extern int TrailingStopLoss1 = 15;
extern int TrailingStepLoss1 = 5;
extern int TrailingStopLoss2 = 30;
extern int TrailingStepLoss2 = 15;
extern int TrailingStopLoss3 = 45;
extern int TrailingStepLoss3 = 30;
int SlipPage = 3; // Your SlipPage
int MAGIC = 1111111; //Your EA Magic Number
int orderloss[100]; // Max open trades of your EA is the array size
Inside int start():
if (UseTrailingLoss) TrailingLoss();
And here is the code of trailing stop (the comments is in portuguese because I'm Brazilian):
Code:
void TrailingLoss() {
for (int i=0; i<OrdersTotal(); i++) {
//Print("I:",i);
if (OrderSelect(i, SELECT_BY_POS, MODE_TRADES)) {
if (OrderSymbol()==Symbol() && OrderMagicNumber()==MAGIC) {
if (OrderType()==OP_BUY) {
if (orderloss[i]>0)
{
if (orderloss[i]==1)
{
if (OrderOpenPrice()-Bid<TrailingStepLoss1*Point)
{
//Print("Atingiu o preço de retorno1");
OrderClose(OrderTicket(), OrderLots(), Bid, SlipPage, White);
orderloss[i]=0;
}
}
if (orderloss[i]==2)
{
if (OrderOpenPrice()-Bid<TrailingStepLoss2*Point)
{
//Print("Atingiu o preço de retorno2");
OrderClose(OrderTicket(), OrderLots(), Bid, SlipPage, White);
orderloss[i]=0;
}
}
if (orderloss[i]==3)
{
if (OrderOpenPrice()-Bid<TrailingStepLoss3*Point)
{
//Print("Atingiu o preço de retorno3");
OrderClose(OrderTicket(), OrderLots(), Bid, SlipPage, White);
orderloss[i]=0;
}
}
if (OrderOpenPrice()-Bid>TrailingStopLoss2*Point)
{
//Print("Antes de mudar2:", orderloss[i]);
//Print("Atingiu Loss Point2");
//Print("I:",i);
orderloss[i]=2;
//Print("Depois de mudar:2", orderloss[i]);
}
if (OrderOpenPrice()-Bid>TrailingStopLoss3*Point)
{
//Print("Antes de mudar3:", orderloss[i]);
//Print("Atingiu Loss Point3");
//Print("I:",i);
orderloss[i]=3;
//Print("Depois de mudar3:", orderloss[i]);
}
}
else
{
if (OrderOpenPrice()-Bid>TrailingStopLoss1*Point)
{
//Print("Antes de mudar:", orderloss[i]);
//Print("Atingiu Loss Point");
//Print("I:",i);
orderloss[i]=1;
//Print("Depois de mudar:", orderloss[i]);
}
else
{
orderloss[i]=0;
}
}
}
if (OrderType()==OP_SELL) {
if (orderloss[i]>0)
{
if (orderloss[i]==1)
{
if (Ask-OrderOpenPrice()<TrailingStepLoss1*Point)
{
//Print("Atingiu o preço de retorno1");
OrderClose(OrderTicket(), OrderLots(), Bid, SlipPage, White);
orderloss[i]=0;
}
}
if (orderloss[i]==2)
{
if (Ask-OrderOpenPrice()<TrailingStepLoss2*Point)
{
//Print("Atingiu o preço de retorno2");
OrderClose(OrderTicket(), OrderLots(), Bid, SlipPage, White);
orderloss[i]=0;
}
}
if (orderloss[i]==3)
{
if (Ask-OrderOpenPrice()<TrailingStepLoss3*Point)
{
//Print("Atingiu o preço de retorno3");
OrderClose(OrderTicket(), OrderLots(), Bid, SlipPage, White);
orderloss[i]=0;
}
}
if (Ask-OrderOpenPrice()>TrailingStopLoss2*Point)
{
//Print("Antes de mudar2:", orderloss[i]);
//Print("Atingiu Loss Point2");
//Print("I:",i);
orderloss[i]=2;
//Print("Depois de mudar:2", orderloss[i]);
}
if (Ask-OrderOpenPrice()>TrailingStopLoss3*Point)
{
//Print("Antes de mudar3:", orderloss[i]);
//Print("Atingiu Loss Point3");
//Print("I:",i);
orderloss[i]=3;
//Print("Depois de mudar3:", orderloss[i]);
}
}
else
{
if (Ask-OrderOpenPrice()>TrailingStopLoss1*Point)
{
//Print("Antes de mudar:", orderloss[i]);
//Print("Atingiu Loss Point");
//Print("I:",i);
orderloss[i]=1;
//Print("Depois de mudar:", orderloss[i]);
}
else
{
orderloss[i]=0;
}
}
}
}
}
}
}
trailing stop ea 's problem
i have tried most of these ea;s here on demo fxopen account and none work .i have commercial ea;s that scalp and work ok.i am looking for just plain simple 5 pip trailing stop. always have smiley face; boxes all checked. i am manual trading ;some have even sl and tp.have used many eas before i can;t undertand why. the reason manual trading is so many eas fail expectations and scalping on chart looks more profitable using less drawn down .actually 1 minute chart ;that no robot will attempt;but for me gives a head start over 5 and 15 min scale. reason being i need ea because you have to be fast to close trade.1 of these did scalp 3- pips;but no trailing as i want to ride profits out and happy to give up 2-3 pips gain up to 40+.tried swiss army ea and even fx ambush ea;that kept opening trades automactically for some reason and still would not trail.might be something simple as often is.might reload platform as disabled ea might be interfering.any help thanks not a script writer;more a trader with good ideas.
after spending many hours trying and looking at these ts.i have found some answers. with fxopen no orders go through because of the 10 pip buy/sell limit.ts works fine if tp and sl and ts are 10 and 15 pips.i presume most other dealing desk brokers the same.i tied sl ea on mb trading new mt4 demo ecn and work fine with 2 pip(20 5- digits) sl tp and ts.so this broker can see you are using a ea; yet allows scalping; you can close 1-9 pips manually.would be interested if most other brokers the same.what would be a solution with these trailing stop.
Linear Mode
