Trailing stop after 10 pips? | Forex Factory

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Trailing stop after 10 pips?

  • #1
  • First Post: Apr 18, 2021 12:58pm Apr 18, 2021 12:58pm
Hi guys, I need an automation. It sometimes happens that I open a position and have to leave (my job, I took a child from kindergarten) and on my mobile I can't manage the position after it reaches 10 pips (for BE + 1 at 5 pips I have an EA on which I put in another window on the pair I am trading).
The problem is when the position reaches 10 pips and I want to start trailing stop. Does anyone have an EA / script or do they have any idea how I can do an automation that I can use?
  • #2
  • Edited 5:56pm Apr 18, 2021 5:42pm | Edited 5:56pm
try this EA, it has 2 functions, to move the SL to BE and/or Partial closes of your bid lot at distance you want. It's working with all charts at the same time, so you can put it at separate chart once and forget. if you will have problems with the settings, just ask. good luck
Attached File(s)
File Type: ex4 BankSafe.ex4   23 KB | 437 downloads
  • #3
  • Apr 18, 2021 5:45pm Apr 18, 2021 5:45pm
Quoting Booghie
Hi guys, I need an automation. It sometimes happens that I open a position and have to leave (my job, I took a child from kindergarten) and on my mobile I can't manage the position after it reaches 10 pips (for BE + 1 at 5 pips I have an EA on which I put in another window on the pair I am trading). The problem is when the position reaches 10 pips and I want to start trailing stop. Does anyone have an EA / script or do they have any idea how I can do an automation that I can use?
Here are my assumptions based on the lack of details in your query:

1, You open the trade on a computer
2, You are using MT4

My suggestion, based on those assumptions, is to have a look at Trade Panel Pro, it's FREE

https://www.mql5.com/en/market/produ...ch#description

Features

  1. Lot size calculation - based on % of account to risk or fixed amount
  2. Hidden (stealth) stop loss, take profit and pending orders
  3. Partial closes (scale-out)
  4. Easy to use configuration pop-up forms via CONFIG button
  5. Stop loss, take profit lines can be positioned manually on the chart
  6. Automatic stop loss - variety of calculation methods can be selected
  7. Automatic take profit based on risk reward ratios or pips
  8. Trailing stop loss and break even, which can be triggered when target reached

It takes a lot for me to IGNORE you, but you can try.
  • #4
  • Apr 19, 2021 2:10am Apr 19, 2021 2:10am
Quoting veter
try this EA, it has 2 functions, to move the SL to BE and/or Partial closes of your bid lot at distance you want. It's working with all charts at the same time, so you can put it at separate chart once and forget. if you will have problems with the settings, just ask. good luck {file}
Thanks, I have a very complex EA that can do these things, but I need an EA / script or anything else to start my trail stop sequence after the price reaches 10 pips.
  • #5
  • Last Post: Apr 19, 2021 3:21am Apr 19, 2021 3:21am
Quoting Booghie
{quote} Thanks, I have a very complex EA that can do these things, but I need an EA / script or anything else to start my trail stop sequence after the price reaches 10 pips.
Can you specify your trailing stop sequence?

There many ways to handle a trailing stop. By steps, by continuously setting the stops at a specific distance whilst the price moves in profit direction, etc.

The only thing that is clear to me is that you want to trigger your trailing stop sequence after the price has reached 5 pips after entry price.
Always ready to help
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