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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).
What if there is no stop loss enabled...will trail stop still work? If so, what value will it follow the price from?
But it is moving the stop.
You mean if we did not estimate any stop what this EA will move?
I do not know.
Try.
But I think it should be some stop from the beginning to be moved.
- StepStopExpert EA from Igorad. I used this EA for the orders opened manually. It works. Ready to use and for everybody. It is very simple EA to move trailing stop. All the settings are changable.