FREE FOREX STRATEGIES
Forex brokers comparison

Trailing Stop EAs for MT4

I've decided to gather the resources about Trailing Stop EAs available today.

Most of indicators and EAs is a courtesy of Forex-TSD.com - one of the most advanced forums about Forex trading, where you can find almost anything!
But even then, it's sometimes difficult to find indicators/EAs you need quickly.
So, I've decided to make a series of pages with indicators and Expert Advisors (EAs) that, in my opinion, are the most useful.

Follow me, enjoy trading!


Read entire post >>>


 


Hi I am using EXness broker but this tight trailing stop is not working please help

Thanks for this realy helpful page

Number seven was exactly what i was looking for, i just hope it works as expected.

Anyone know of an EA that can use a trailed stop to enter a trade?

If an EA or indicator doesn't work with one broker - it's a good idea to try it on demo with another, just in case.

Edward,

Thanks alot for the generous work and effort.Can you please explain what trailing step means and what are the recommended parameter values for trailing stop and trailing step?

Pamela Nagawa Katende
Uganda

Hi Pamela,

if to give a quick summary:
unlike regular fixed stops, trailing stops are able to move automatically as the market moves. The idea of a trailing stop is to be flexible and keep lowering your risks with each price step: when the price moves in your favor, a trailing stop will move with it (tightening your risk exposure), but when price goes against you, a trailing stop will hold still.

I would suggest to review this article, where you'll find more examples, and video:
http://www.investopedia.com/articles/trading/08/trailing-stop-loss.asp

Best regards,
Edward

Hello everybody,

I like to use trailing stop, but does anybody know how to create a trailing stop based on the previous candle's low or high based on the buy and sell. I don't know how to programe the EA's.

sometimes the high or low of the previous candle strategy works in trending market, and it keeps giving you a great quantity of pips. it doesn't work everytime but only few days of the week.

Here is a video that I am trying to base the strategy on, it is very simple and it can be used as a strategy to enter and exit, unfortunately I don't know how to create the EA.

Thanks,
A
(TrendTrader)