Trailing Stop settings for Major Pairs?

Hello Traders,

I have been struggling with trailing stop EA setting.If I want to get 10 pips,what should be the take profit,trailing stop and trailing step in 5 digit broker ? like 10 pips is written as 100 in take profit.

does every pair has different range of retracement or so?

If you use meta trader, you can place them manually, which makes a lot more sense. If you go to Tools / Options / Charts and click on "Show Trade Levels", then whenever you open a position, you simply left click on the dashed line of your open, drag it up or down and let go. If you have many lines showing then you can use the "Use the "Alt" key to drag levels" to safeguard from dragging the wrong line (if needed). The first time you use this feature you may have to click a popup message authorizing it.

Let's say you enter a buy. The entry line shows up. If you drag that line down, it automatically becomes your stop loss when you let go. The entry line remains. If you drag it up, it automatically becomes your take profit. All the other lines remain. If you want to change the stop loss or take profit afterwards, just drag them again. It works the reverse, but same, for selling.

This lets you make a stop loss according to market conditions. I don't use take profit, but if you use it, then put it wherever you desire. They do not trail, so you have to move them as the market dictates according to your trading plan.

If you want to change the color of your lines, right click on the chart, and go to Properties / Colors / Stop Levels.

If your question is more specific, like how to make 10 pips, that is a whole different subject. That involves knowing how to trade. I was just letting you know an alternative function to using an EA with the same settings for everything. Personally, I would not use an EA for anything, since the market is random, and they are not, but good luck to you.

As for counting 10 pips, a pip is 1/1000th, so on a major pair, the 3rd digit to the right of your decimal is your pip counter. For JPY pairs, they count in 1/10th's, so the first digit to the right of your decimal is your pip counter.

please check these EAs and suggest me what numbers I use in take profit,trailing stop and step to get 10 pips at least ,because my trade closes before 10 pips if I use trailing stop EA.

Personally, I don’t like to trade with less than 1.5% profit ratio. So you should set your TP for 15 pips minimum since your SL is 10 pips.

how to set trailing stop ? and every pair has its own trailing stop pips value? I hate stop loss because my broker always hunt SL. I don't know if trailing stop is helpful or making us fool ?

please share your SL or trailing stop method.

Fore mt4:
I set ts after open an order. Click right button (mouse) on on the order, then, choose 'trailing stop' and choose your value.
I use 80-100 for majors (depends on the level of the market volatility). Moreover the value depends on your strategy. If you trade on D1 timeframe, you maybe should use 100 - 200. If your tf is H4, H1, you can use 80-100.
Note, that trailing stop will not defend you from loses, cuz it will appear after your order become higher than open price in the amount of pips you choosed.

Since I trade using a daily chart using a VPS I use a 100 pips stop loss but no take profit. I spent about 15 minutes a day looking at the 27 pairs I trade and I manually set a trailing stop when the trade is in profit. I see that you have an EA that hides stop loss from brokers. If you don't mind could you please post it since it would be useful for all traders.

I tried many many EAs for exit in breakeven or with profit,i like these 3.and all these are available in forex factory with explanation.you can learn more about it by searching in FFX.

I have not tried them,let me know which ones you like and what setting?