Need Stop Loss EA

If anyone would be so kind as to post a simple EA with only a couple of parameters. I don't need the TP part, I just need the SL part for it. I need it with a couple of parameters, I would just like the SL to automatically be set to x pips once the trade is opened. Then if price has gone x pips in my direction, the stop loss is moved to x pips above my entry. Thankyou

http://www.forexfactory.com/showthre...80#post7389380

that one has so many added features and seems a bit complicated. I really just need the 2 things I mentioned if anyone has something like this

It sounds like you need a simple trailing stop ea

Voila:

Here is the manual:

it has no breakeven option

thanks symona but that's different than what I need, I don't want anything to trail, I can manually close them, I just need those 2 parameters I mentioned. When I take a trade, x number of pips are used as stop loss, then a break even is used (set to whatever pips you want above your entry such as +1.5 pips), once price goes x number of pips in your direction

What you describing is a trailing stop. The indi I posted has a setting to deal with break even and above BE

Look closer....

I have removed most of the external parmeters so it should not be complicated, pls. try.

I always heard and read that a stop must be posted against a trade.it means that we are inviting the market to snatch our money.we should give money to the market as a penalty of wrong trade.payment of penalty needs courage.one who has no courage should get rid of forex market. Instead of placing stop we should determine a specific point based upon our choiced technical indicators that if market close above/below of this point we will take loss.for example of the day 2014-04-28,15 minute graph of audusd when posted high 0.9302 and made a sell candle we can take a sell trade just after completion of sell candle and instead of placing stop we should take loss if any candle closes above 0.9302.yes 6th candle after the selling candle closed above 0.9302 and the loss is of 13 points only.further move of the market is very interested and every one can judge that market after posting high of 0.9316 formed a sell candle and fell.please do not let the market to snatch pay as a penalty.

I prefer tighter 5-6 pip stop risked at a % of your account, and then followed by a potential re entry if a better price or if it still continues in the direction and looks good for another entry. But I understand what you're saying about placing the stop at the last major swing high or swing low, it depends on what the trade looks like and how far away that swing high or low is. Preferably I would not wait for it to close above to stop the trade since it could run away in that scenario.