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.

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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.

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