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Elementary Trailing Stop is a powerful VertexFX client-side Auto Trader used to implement trade management in current user account. The expert advisor continuously monitors all open positions.
When the sum of the open price of the current order and the user input trailing stop in points is less than the ask price of the current symbol and the sum of the StopLoss of the current order and the user input trailing stop in points is less than the ask price of the current symbol, StopLoss is updated to current order.
The StopLoss of current BUY order is moved to the difference between the Ask Price and the user input trailing stop in points. The StopLoss of the current SELL order is moved to the sum of the Bid Price and the user input trailing stop in points. The expert does not modify Take profit of opened orders and performs the elementary trailing stop to all the new positions also.
Important Note: This Expert does not open any buy or sell order it comes in to action when any order is placed to control the profit and loss.
Configurable Inputs:
1.Trailing_Stop – The trailing stop in points when the stop-loss trails a profitable position.
Download Elementry Trailing Stop.vtl (1284 views)
Ask, Share, Engage
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