MetaTrader 4 ‣ MT4 Expert Advisors ‣ Candle Trailing Stop – EA MetaTrader 4
Candle Trailing Stop - expert for MetaTrader 4

Candle Trailing Stop – EA MetaTrader 4

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 “Candle Trailing Stop” EA trades with 3 MA’s and uses candels for  Trailing Stop Loss &Take Profit works best on 4H time frames major forex pairs  and stocks NASDAQ.

USEMOVETOBREAKEVEN  system functions like a stop loss

But a one-time function with a smaller value than the subsequent Stop Loss value to lock minimal profit and avoid loss if the price goes against you.

If you have reached a certain value of pips with the direction of the trade –

  • WHENTOMOVETOBE – When to move break even (values: 10-100).

So how many pips would you like to move the stop loss above the price line of the open trade-

  • PIPSTOMOVESL – How much pips to move stop loss (values: 10-100).

Trade volume of a position depends on previous trading results.

It provides the possibility to limit the maximum risk (in % of deposit) of the trade.

If you want to trade with constant lotsize say:0.01 lot ,you need to set “MaximumRisk =0” and “DecreaseFactor=0″

Or else you will have a calculation of  Percent (%) of deposit and MaximumRisk.

Inputs

      •  Use_TP_In_Money- Use Take Profit In Money (values:true/false).
      •  TP_In_Money- Take Profit In Money   (values: 10-100).
      • Use_TP_In_percent- Use Take Profit In Percent (values:true/false).
      • TP_In_Percent- Take Profit In Percent (values: 10-100).
      • ————[Money Trailing Stop For Multiple Trades]———————-
      • Enable_Trailing-Enable_Trailing with money  (values:true/false).
      • Take Profit In Money (in current currency) (values: 25-200).
      • Stop Loss In Money(in current currency) (values: 1-20).
      • ————————————————————————————–
      • Exit= Close trades if the trend is against you and control draw dwon (values:true/false).
      • tick=If “tick”=false-every tickIf “tick”=true -open prices  (values:true/false).
      • Lots – Lots size (values: 0.01-1).
      • Lots size Exponent  (values: 1.01-2).
      • IncreaseFactor -how much to increase lots from total margin if you lose a trade (values: 0.001-0.1).
      • Stop_Loss – Stop Loss (values: 30-500).  /set value 600 for  Multiple Trades
      • MagicNumber – Magic number (values: 1-100000).
      • TakeProfit – Take Profit (values: 50-200).  /set value 600 for  Multiple Trades
      • FastMA – Fast Moving Average (values: 1-20).
      • SlowMA – Slow Moving Average (values: 50-200).
      •  Mom_Sell-Momentum_Sell trigger(values: 0.1-5).
      •  Mom_Buy-Momentum_Buy trigger(values: 0.1-5).
      • ———————CONTROL DRAW DOWN—————————–
      • UseEquityStop –  (values: true).
      • TotalEquityRisk- (values: 0.01-20).
      • ——————————————————————————-
      • Max_Trades(1-12). 
      • FractalNum= Number Of High And Low(values: 1-10).
      • —————-IF YOU USE ONLY 1 TRADE:———————–
      • /////////////////////////////////////////////////////////////////////
      • USETRAILINGSTOP-If use trailing stop (values:true/false).
      • WHENTOTRAIL-When to trail (values: 40-100).
      • TRAILAMOUNT-Trail amount (values: 40-100).
      • Distance From Candle -Distance From Candle (values: 1-100).
      • USECANDELTRAIL=If use trailing stop (values:true/false).
      • X=2-number of candles (values: 1-100).
      • USEMOVETOBREAKEVEN-Enable ” break even ” (values: true/false).
      • WHENTOMOVETOBE-When to move break even (values: 1-30).
      • PIPSTOMOVESL=30-How much pips to move stop loss  (values: 1-30).
      • ////////////////////////////////////////////////////////////////////////
    How to perform back test:https://bit.ly/2CD7XWD
      Candle Trailing Stop – expert for MetaTrader 4
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