Moving average trailing stop ea.

Does anyone know of an ea that I can use to keep my stop loss value the same as an ma e.g 21sma.

I think this would be of some value in letting profits run.

Also maybe it would be wise to have adjustable offsets for various take profit levels e.g Tp 1 sma 21 value, Tp 2 Sma values -??? pips for long positions and +??? pips for short positions.

If you require more information please reply.

James

http://www.forexfactory.com/showthread.php?t=204438

I am still testing the last part. The first part works, but isn't what people want. With a little bit of manual effort you can close partial orders at different MA levels, but I have no intention of building that into the EA unless serious money is offered.

Not quite what am looking for but certainly is close. Will give it a whirl when I get some time from work.

An sma trailing stop loss is something I thought there would be more information about on the forums as it seems a good way to let profits run and is also good at cutting the losers.

Thanks for the help.

hey james.... the typical trailing stop is a fairly simple function.... with a couple quick edits any ma could be used as the value instead of the common trailing pips.....

it's common for trades to be initally placed on the wrong side of the ma, so some consideration needs to be given there..... careful coding will allow the price to move above and below the ma untill the correct time.... after that point the trailing ma stop will become active and take out the trade if need be..... as seen in the picture below......

if you want close the trades in stages it helps to send the orders with differing magicnumbers..... then the ea can select which orders to close when.....

other methods of closing in stages exist but not sure if any can compete with magicnumbers......

the ea in the picture is placing trades and closing them on the 20 ma.... note it allows the price to fluctuate above and below till the time is right.....h

Hey guys and girls,

I am searching for a simple EA which will allow me to set a trailing stop at, or a couple of pips above / below an EMA. Google throws up a few hits (for example the one below) but this file doesn't seem to work. Any advice greatly appreciated.

http://forex-strategies-revealed.com...iling-stop-eas

Thanks

J