Basic Trailing Stop – expert for MetaTrader 4

Real author:

Inovance – https://www.inovancetech.com/

Add a trailing stop to your entry signals. Simply put in your entry conditions so that the LongRule() function returns “1” when long conditions are met and the ShortRule() function returns “-1” when the short conditions are met. You can set the trailing stop distance, in pips, as an external input.

Trailing stop will adjust at each tick.

Basic Trailing Stop Inputs

Recommendations:

  • Will work on 4 and 5 digit brokers.
  • Always test on demo account first.
  • Does not include exit logic besides Trailing Stop.
  • Example strategy shown in template.