Modification for trailing SL EA | Forex Factory

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Modification for trailing SL EA

  • #1
  • First Post: Dec 12, 2012 2:13pm Dec 12, 2012 2:13pm
Hi programmers,

I use the attached EA to trail my SL behind the previous candle's high/low.
I would like to have the EA modified in that way that the stop loss is only moved if the candle closes in the direction of the trade (perhaps to turn it on/off in the input parameters).

For example: In a long trade if the previous bar closed bearish (close < open), the SL should NOT be moved, ONLY if the bar closed bullish (close > open).

The default parameters are:

iTicket: put in the ticket number of the trade you want to monitor (first column in MT4 terminal)
iTmfrm: timeframe of which EA should trail by bars (e.g. 60 for H1)
iBars_n: number of bars for which the SL should be calculated (e.g. 2 means high/low of the last 2 bars, I use 1 for the previous bar)
iIndent: buffer in pips for SL (e.g. 10 means the SL will be placed 1 pip -for 5 digit broker- below/above the high/low of the last candle)
bTrlinloss: TRUE = SL will be moved even in loss (I use this) or FALSE = SL will only be moved if new SL is in profit

It would be great if someone coud do the little modification. Many thanks in advance.

Cheers,
Olarion
Attached File(s)
File Type: mq4 TrailingByShadows.mq4   6 KB | 700 downloads
  • #2
  • Dec 13, 2012 4:52am Dec 13, 2012 4:52am
Quoting Olarion1975
Hi programmers,

I use the attached EA to trail my SL behind the previous candle's high/low.
I would like to have the EA modified in that way that the stop loss is only moved if the candle closes in the direction of the trade (perhaps to turn it on/off in the input parameters).

For example: In a long trade if the previous bar closed bearish (close < open), the SL should NOT be moved, ONLY if the bar closed bullish (close > open).

The default parameters are:

iTicket: put in the ticket number of the trade you want to monitor (first...
Try this . . . . but please test it first, it compiles OK but I haven't tested it. See the comments for the changes I have made.

Merry Christmas
Attached File(s)
File Type: mq4 TrailingByShadows.mq4   8 KB | 960 downloads
20 pips a day isn't too much to ask . . .
  • #3
  • Dec 13, 2012 4:57am Dec 13, 2012 4:57am
Quoting Olarion1975
Hi programmers,

I use the attached EA to trail my SL behind the previous candle's high/low.
I would like to have the EA modified in that way that the stop loss is only moved if the candle closes in the direction of the trade (perhaps to turn it on/off in the input parameters).

For example: In a long trade if the previous bar closed bearish (close < open), the SL should NOT be moved, ONLY if the bar closed bullish (close > open).

The default parameters are:

iTicket: put in the ticket number of the trade you want to monitor (first...

That would be the perfect indicator for the system I use. I would love to see if someone could code that.
  • #4
  • Dec 13, 2012 4:59am Dec 13, 2012 4:59am
Quoting RaptorUK
Try this . . . . but please test it first, it compiles OK but I haven't tested it. See the comments for the changes I have made.

Merry Christmas
Thank you very much, Raptor! Will try it.
Merry Christmas for you, too.

Cheers,
Olarion
  • #5
  • Dec 13, 2012 8:02am Dec 13, 2012 8:02am
Quoting Olarion1975
Thank you very much, Raptor! Will try it.
Merry Christmas for you, too.

Cheers,
Olarion
It works perfectly! RaptorUK, you have my vouch!
  • #6
  • Oct 5, 2014 5:30pm Oct 5, 2014 5:30pm
Hi

I love using this EA however I have pulled my hair out trying to find a version that will manage the trade by the chart it is placed on so I do not have to input the ticket no. Inputting the ticket no is a real pain. Could some program nutter pplease give it ago and see if they can solve my frustration.
Many tanks in advance.
BE THE BEST YOU CAN BE AND BE IT TODAY
  • #7
  • Last Post: Jul 29, 2019 12:31pm Jul 29, 2019 12:31pm
If the order was placed by an EA which is then disabled and this applied to the chart, would that prevent it from activating? It does not seem to be working for me.

Settings 0
1
15 (1.5/on 5 digit)
true

it initializes fine, but never moves the original 12 pip SL.
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