Disliked{quote} hi Alan you seem to do very good lately but I seem to go at the other way I also hope Naustinf will have some words about let profits run because I got burn in audusd with let profits run, here its a trade that I got burn because I didnt let profits run and i made less money then I should if I let the trade run more {image} chart its h1 but original entry in h4 and add second entry in h1 if I let profits run with this trade it existed third entry too and added more pipsIgnored
My trailing stop EA kicked me out of GJ automatically so I have attached this for you and anyone else to use. This goes in the experts folder.
The breakeven point is the point at which the EA automatically moves your SL when price goes in your favour to a plus figure which is the buffer number which should cover your broker spread usually about 3 pips. If the trade suddenly goes wrong and reverses then you will walk away with +3 pips. You get to trade another day.
The trailing stop amount will move your SL every time price goes in your favour by that amount. This needs some tweaking but a good value is +40 pips.
Had you been using this for your AU trade then you be +200 pips up.
p.s your MT4 running the EA needs to be running 24/7 so I have a laptop at home just for this purpose. Protect the capital!!
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FPA=TrailingStop.ex4
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