Trailing stop EA

A simple idea:
- one EA trails for all pairs
- Not only fixed values, instead pair dependent like x*ATR(y)= x times atr of last y candles
- shows the history and actual trades with trailing lines
- does hidden trailing(executed by EA and NOT MT4) and shows the actual trailing lines if not done by MT4
- Additional value to the sl away from price like x points or atr

I m just collecting here ideas and testing traders.... before publishing it anywhere....that s a start.....

hello. can i use this EA?

I shall raise you my own u̶n̶h̶o̶l̶y̶ creation and the knowledge from my N̶e̶c̶r̶o̶n̶o̶m̶i̶c̶o̶n̶ YouTube Playlist (not my videos).
Rayner Teo - 5 trailing Stop Techniques...
Expert4x - 3 automated trailing stops...
No Nonsense Forex - Trailing Stops

A̶b̶o̶m̶i̶n̶a̶t̶i̶o̶n̶ Dynamic No-Limit Trailing Stop
The trailing step should increase in size as the price moves further over bought or over sold, this is based on the assumption that as prices approach exhaustion they will move with higher volatility and thus need more room to move without accidental stopout.
However as price begins to reverse upon exhaustion, we want the trailing stop to close in on itself.

***JUST FYI, THIS DOESN'T WORK (yet/at all)***
The math below is just plain wrong "RIGHT NOW" so please don't use this as is, it needs a mathematician and lots of development.

Long:
Short:

Breakdown:
RSI shows trend strength, and is between 0 and 1 (normalized as a percentage)
ATR is not normalized and I didnt put the effort in when just doing a dev test.
The input step size inpStepSize is the baseline trailing step and is modified from there.
The second half of the equation ((OrderOpenPrice() - Bid)/inpStepSize) is supposed to count how many times it has completed a full size trail AKA inpStepSize but doesn't
Its missing a factor somewhere and I believe its related to the price but I haven't figured it out myself yet.

Hope this gives some inspiration for the e̶l̶d̶r̶i̶c̶h̶ ̶r̶i̶t̶u̶a̶l̶s̶ permutations you can make of something as simple as a trailing stop.

Thank you all very much
Features:
-Trail all, only distinct symbols or pairs or only actual chart
- ATR, HH or LL as extended fractals(max of left/right X candles), MA, distint values, and lowest/highest X candles(=shadows)
- Add a distance in points or x*atr(y)
- Use mt4 trailing or hidden trailing...then draw the hidden trail line
- draw actual or historical COMPLETE trailing lines on actual chart or any empty open chart with same TF
- do the work in the kitchen and cooking
OK... last point I m working on it...
Tell me what you think...

Reteid2222,

Are you saying that this EA could be used as a Trailing Stop for an entire basket? That could be a game changer for basket traders. Example...you could set the trailing stop to engage when the equity hits $1000. Then the EA would trail the equity higher and higher until the entire basket pulls back 10% or 15% (whatever it is set at).

Umberleigh

Hi reteid2222 I saw a thread you posted some time ago about programming EAS with pivot. I am creating a team of backends and programmers to carry out a market data mining and indicator optimization project with the aim of creating a quantitative algorithmic trading system, in this case the idea is to collect data from several years of the pivot points and the highs and lows in the different TF establish them as import zones and draw the zones with the % of testing of the pivots and the % of variation of the price with respect to the Max min of the extracted data that show these zones and this combined with some specific indicators could give good signals. This is just one of many ideas and as a programming project it can take a lot of work so I would need help. If you think it's a good idea, you can write to me on Telegram @ Manuu9710 and we'll talk a little more about it.