Trailing Stops on Pending Orders | Forex Factory

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Trailing Stops on Pending Orders

  • #1
  • First Post: May 12, 2015 1:09am May 12, 2015 1:09am
A bit of a rookie question, so I figured this was a good place to ask it... I'm currently trading breakouts of the daily high/low. What I want to be able to do is once my buy stop / sell stop is calculated, to put a trailing stop after a specific gain has been reached. So far, I can only see how to put a trailing stop on as soon as the order is filled. Is there a way in MT4 to do this after the trade has reached, say, +10 pips? Can this only be done through an EA or manually watching the trade?
  • #2
  • May 12, 2015 6:15pm May 12, 2015 6:15pm
I actually have created an EA just for that. It works for both US and Non US. Plus you can set it on multiple charts which is great. I personally like to use it on the EURJPY as price shifts into the new day. If you're interested I would love to share.
  • #3
  • May 13, 2015 8:01am May 13, 2015 8:01am
You can also put alarms on the chart and move your SL as price gets there.

I know there are scripts that can also do that.

Best of luck
  • #4
  • May 13, 2015 9:01am May 13, 2015 9:01am
Quoting brokenomo
I actually have created an EA just for that. It works for both US and Non US. Plus you can set it on multiple charts which is great. I personally like to use it on the EURJPY as price shifts into the new day. If you're interested I would love to share.
Sure, I'll give it a try. Thank you!
  • #5
  • May 13, 2015 10:54am May 13, 2015 10:54am
Here you go.

It's pretty easy to use.

But if you need any information I included a simple PDF. Other than that just ask.

It works on both US and Non US accounts and there is a setting for pending orders as well.
Attached File(s)
File Type: zip blackfxtrailingstop.zip   38 KB | 899 downloads
  • #6
  • May 13, 2015 12:11pm May 13, 2015 12:11pm
Quoting brokenomo
Here you go. It's pretty easy to use. But if you need any information I included a simple PDF. Other than that just ask. It works on both US and Non US accounts and there is a setting for pending orders as well. {file}
Thank you, kind sir
  • #7
  • May 27, 2020 11:10am May 27, 2020 11:10am
Quoting brokenomo
Here you go. It's pretty easy to use. But if you need any information I included a simple PDF. Other than that just ask. It works on both US and Non US accounts and there is a setting for pending orders as well. {file}
Hey Brokenomo, I hope this message finds you and your family safe in this difficult time.

I just downloaded your EA to be able to set a trailing stop on a pending stop order (I set a TP1 and want a trade to be triggered in that same direction but with a trailing stop to close it if it goes against me a certain # of points or pips).

However, I am not understanding how to use it and the pdf file you uploaded appears corrupt and I wasn't able to uncorrupt it.

Is there any chance you could help me with this?

Thank you very much for your time!

Kind regards from Argentina.
  • #8
  • Last Post: Jun 9, 2020 4:24am Jun 9, 2020 4:24am
Cannot trailing stop on pending order, but can only move the entry of order, if that order is not active.
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