can anyone explain Trail Stop and Trail Step as per this EA? | Forex Factory

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can anyone explain Trail Stop and Trail Step as per this EA?

  • #1
  • First Post: Sep 28, 2014 11:27am Sep 28, 2014 11:27am
I'm having little problem as I had no prior experiences with trail step.
Let's assume the price ATM is at 1.3000 (4 digits) buy with trail stop 10 and trail step 5
As the price reaches 1.3010 my SL would be BE or 1.3005? AFter sometime the price gets to 1.3020. How it will trail my SL? by 1 pip? or will it wait for another 5 pips move for the price?
Thanks
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File Type: mq4 e-Trailing.mq4   3 KB | 1,297 downloads
  • #2
  • Sep 29, 2014 1:00am Sep 29, 2014 1:00am
Quoting Togu
I'm having little problem as I had no prior experiences with trail step. Let's assume the price ATM is at 1.3000 (4 digits) buy with trail stop 10 and trail step 5 As the price reaches 1.3010 my SL would be BE or 1.3005? AFter sometime the price gets to 1.3020. How it will trail my SL? by 1 pip? or will it wait for another 5 pips move for the price? Thanks {file}
stop is the distance
step is how often it adjusts the stop

so a step of 1 will adjust the stop every pip
  • #3
  • Sep 29, 2014 1:06am Sep 29, 2014 1:06am
As the price reaches 1.3010 my SL would be BE or 1.3005.

Can any one explain what does this BE stands for.

Thanks in advance.
  • #4
  • Sep 29, 2014 3:11am Sep 29, 2014 3:11am
If I set STEP at 5, and TrailStop at 10. Means price moves +10pips profit and my SL will be moved to +5pips? And when price reaches +15pips my SL would be +10? Is that how it works?

p.s BE=breakeven
  • #5
  • Sep 29, 2014 4:07am Sep 29, 2014 4:07am
Quoting Togu
If I set STEP at 5, and TrailStop at 10. Means price moves +10pips profit and my SL will be moved to +5pips? And when price reaches +15pips my SL would be +10? Is that how it works? p.s BE=breakeven
no

if trail 10 step 5

+10 SL = BE
+15 SL = +5
+20 SL = +10

SL is always between the Trail distance 10 and the trail distance + step 15
  • #6
  • Edited 9:21pm Sep 30, 2014 8:41pm | Edited 9:21pm
Quoting MaxDoom
{quote} no if trail 10 step 5 +10 SL = BE +15 SL = +5 +20 SL = +10 SL is always between the Trail distance 10 and the trail distance + step 15
Thanks alot
What if I want

+10 SL =+5
+15 SL =+10
+20 SL = +15
But activates only when it reaches +10
  • #7
  • Oct 13, 2018 4:49pm Oct 13, 2018 4:49pm
Quoting Togu
{quote} Thanks alot What if I want +10 SL =+5 +15 SL =+10 +20 SL = +15 But activates only when it reaches +10
I think you need these for what you want
Stoploss=10
Takeprofit=0
TrailingStop=10
TrailingStart=10
StepTrall=5
  • #8
  • Nov 21, 2020 9:48am Nov 21, 2020 9:48am
Quoting seemich
{quote} I think you need these for what you want Stoploss=10 Takeprofit=0 TrailingStop=10 TrailingStart=10 StepTrall=5
Looks promising to implement it to an ea. But do u think it will adjust stop loss exactly after 5 pips? There has to be some slippage right due to execution time?
  • #9
  • Last Post: Apr 6, 2021 8:40am Apr 6, 2021 8:40am
I donīt know why I am having such a hard time understanding a simple concept like a trailing step, it is like it made a knot in my brain lol... I donīt see why I would need the step parameter?

If I set a trailing stop with a value of 20 pips, for every pip the price moves in my direction the trailing stop will go up too 1 pip, right? Preserving the 20 pip distance between price and stop.

Where does the step comes in, what difference would it make?

Using the description above, does it mean that a trailing stop adjusting at every 1 pip equals a trailing step of 1?

The step parameter just adds extra space between the trail stop and price?

Using the example above (trailing stop of 20) with a trailing step of 10, if I go long when price is at 50 my trailing stop would be at 30. If price goes to 60, my trailing stop would go to 30, not 40?
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