Custom trilling stop loss starting not from breakeven

Point 

Quoting Oksana17

Disliked

If you are using a 5 digit broker, don't use:

PHP Code

Point 

...because it will return 0. Use a double a value instead depending on how much digits the chart bid/ask has.

Oksana17.

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Quoting Zoro

Disliked

Hi

This is my first post here and I hope I get what I am searching for

I am using MT4 and it's 5 digit price
ex: 1.45276 the issue is that the trilling stop is not working as I want !!

can this code be programmed ?

I know that in most MT4 brokers the trailing stop once it get activated it would move at breakeven first then trail the market by x pip. Anyway I want the stop loss to move up to the current market price (16 pips or 17 pips) - 1 or 2 pips
thats mean if the stoploss got touched then I will go out with...

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#property copyright "Zen_Leow"
#property link      ""

extern int EA_MAGIC_NUM = 12345;
extern double LockInPips = 150.0;
extern double TrailingPips = 2.0;

int PipFactor = 1;

int init()
{
   // Cater for fractional pips
   if (Digits == 3 || Digits == 5)
   {
      PipFactor = 10;
   }
}

void CheckStopLossLevels()
{
   double StartTrailLevel = (LockInPips+TrailingPips) * (PipFactor*Point);
   StartTrailLevel = NormalizeDouble(StartTrailLevel,Digits);
   double TrailLevel = TrailingPips * (PipFactor*Point);
   TrailLevel = NormalizeDouble(TrailLevel,Digits);
   int total = OrdersTotal();
   if (total > 0)
   {
      for(int cnt=0;cnt<total;cnt++)
      {
         if(OrderSelect(cnt,SELECT_BY_POS))
         {
            if(OrderSymbol()==Symbol() && OrderMagicNumber() == EA_MAGIC_NUM)
            {
               if (OrderType() == OP_BUY)
               {
                  if (TrailingPips != 0 && LockInPips != 0)
                  {
                     if((Bid-OrderOpenPrice()) > TrailLevel && ((Bid-OrderOpenPrice()) >= StartTrailLevel || OrderStopLoss() >= OrderOpenPrice()))
                     {
                        if(OrderStopLoss() < Bid-TrailLevel)
                        {
                           OrderModify(OrderTicket(),OrderOpenPrice(),Bid-TrailLevel,OrderTakeProfit(),0,Green);
                        }
                     }
                  }
               }
               
               if (OrderType() == OP_SELL)
               {
                  if (TrailingPips != 0 && LockInPips != 0)
                  {
                     if((OrderOpenPrice()-Ask) > TrailLevel  && ((OrderOpenPrice()-Ask) >= StartTrailLevel || OrderStopLoss() <= OrderOpenPrice()))
                     {
                        if(OrderStopLoss() > Ask+TrailLevel)
                        {
                           OrderModify(OrderTicket(),OrderOpenPrice(),Ask+TrailLevel,OrderTakeProfit(),0,Red);
                        }
                     }
                  }
               }
            }
         }
      }
   }
}

int start()
{
   CheckStopLossLevels();
}

Quoting Zen_Leow

Disliked

you got the terms all wrong. by your example, you want the trailing stop to start after it reach more than 150 pips. That means 150 is your StartTrail Level or rather, LockIn level. your actual trailing pips is 1 or 2 pips.

with that in mind, you may apply my code below to your EA

[code]
#property copyright "Zen_Leow"
#property link...

Ignored

extern int       EA_MAGIC_NUM = 12345; // make sure this is the same as EA's
extern int       UserDefinedSpread = 0; // if set to 0, it will use market spread
extern int       Slippage = 3;
extern double    TakeProfit = 10;
extern double    StopLoss = 15;
extern bool      Add_Spread_To_StopLoss = true;

extern bool      MoneyManagement = true;
extern bool      UseEquity = false;
extern double    RiskPercent = 1.5;
extern double    FixedLots = 1.0;
extern double    MaxLots = 15.0;
extern double    MinLots = 0.01;
extern int       LotsDecimalAllowed = 2; //if your broker allow 0.01 lot, leave it as 2, if it only allow minimum of 0.1, then change it to 1.

Quoting Zen_Leow

Disliked

That's not true.

Point returns a double value. if its fractional pricing broker, it will return 0.00001 or 0.001 rather than 0.0001 or 0.01 for a non-fractional broker. I'm guessing you get...

Ignored

Quoting Zen_Leow

Disliked

you got the terms all wrong. by your example, you want the trailing stop to start after it reach more than 150 pips. That means 150 is your StartTrail Level or rather, LockIn level. your actual trailing pips is 1 or 2 pips.

with that in mind, you may apply my code below to your EA

[/code]

Ignored

Quoting Kavklov

Disliked

Hi,

Please let me know how the tests results. I am looking for an EA like that...
thks

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