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REGISTER PARTICIPANTS Expert Trailing System Mt4

Discussion in 'Forex Market MQL5' started by James Goldman, Sep 11, 2020.

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  1. James Goldman

    James Goldman Moderator
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    #trailingsystem

    trailing-system-logo-200x200-8557.png

    Trailing System is used to semi automate your exit strategy. The system covers a Stop Loss System to get out of bad trades and a Profit Protection System to exit winning trades. The Trailing System can be placed on any chart, and it works based on the chart timeframe. You can use this system with any other Expert Advisor simultaneously.

    Features
    • Virtual Stop Loss

      Hide the stop loss level to prevent stop loss hunting by brokers. Stop loss level are hidden by using a target price of a sell limit order with the open price of 4 444.
    • Multiple Trailing System
      • Break-even

        Auto adjust stop loss to break-even after your position has moved a certain number of pips in your favor.
      • Support/Resistance Trailing

        The system places a stop loss on previous support/resistance level, the system uses a fractal to identify where these support and resistance levels are located.
      • Price Action Trailing

        Trailing based on a candlestick pattern (shooting star, hammer and engulfing pattern).
    • Different Trailing System for Profit and Loss

      Use different trailing system for your stop loss strategy and profit protection strategy.
    • Preset Stop Loss and Profit Target

      Preset how many pips to stop loss and take profit once a position is open.
    • Spread Tracking

      Preset maximum acceptable spread for a currency pair to prevent stop loss being hit due to the "spread spikes" around news releases or low liquidity period.
    • Auto Trade

      Enable the auto trade function to automate an open position based on a candlestick pattern or open trade if price retraces back to the average of fast and slow EMA.
    • Special Command

      Command code to modify system settings without login to VPS:
      • Change Stop Loss or Profit Protection System for a position (as in the table below)
      • Add or edit a virtual stop loss level (edit the target price of a sell limit order of 4 444)
      • Decide which direction to trade (send the sell limit order price of 8 888 for Long and the sell limit order price of 9 999 for Short, the system opens a trade only if a candlestick setup formed or the price retracts back to the average of slow and fast EMA)

        Note: Disable AutoTrade if you want to use this function
      • Check Trailing System running status (send the sell limit order price of 5 555 and wait for a target price to change to 3 333 if the system is running).
    Override the Stop Loss System for an individual position

    Position
    Stop Loss Price
    Stop Loss System

    As the EA settings

    0.01 (2 decimal digits currency pair)

    0.001 (3 decimal digits currency pair)

    0.00001 (5 decimal digits currency pair)
    Resistance/Support

    0.02 (2 decimal digits currency pair)

    0.002 (3 decimal digits currency pair)

    0.00002 (5 decimal digits currency pair)
    Price Action

    0.03 (2 decimal digits currency pair)

    0.003 (3 decimal digits currency pair)

    0.00003 (5 decimal digits currency pair)
    Resistance/Support and Price Action

    0.04 (2 decimal digits currency pair)

    0.004 (3 decimal digits currency pair)

    0.00004 (5 decimal digits currency pair)
    Turn off the Stop Loss System

    Short
    0
    As the EA settings

    Short
    9001
    Resistance/Support

    Short
    9002
    Price Action

    Short
    9003
    Resistance/Support and Price Action

    Short
    9004
    Turn off the Stop Loss System

    Override the Profit Protection System for an individual position
    [/b]
    Position
    Target Price
    Profit Protection System

    As the EA settings

    Resistance/Support

    Price Action

    Resistance/Support and Price Action

    Turn off the Stop Loss System

    Short
    0
    As the EA settings

    Short
    0.01 (2 decimal digits currency pair)

    0.001 (3 decimal digits currency pair)

    0.00001 (5 decimal digits currency pair)
    Resistance/Support

    Short
    0.02 (2 decimal digits currency pair)

    0.002 (3 decimal digits currency pair)

    0.00002 (5 decimal digits currency pair)
    Price Action

    Short
    0.03 (2 decimal digits currency pair)

    0.003 (3 decimal digits currency pair)

    0.00003 (5 decimal digits currency pair)
    Resistance/Support and Price Action

    Short
    0.04 (2 decimal digits currency pair)

    0.004 (3 decimal digits currency pair)

    0.00004 (5 decimal digits currency pair)
    Turn off the Stop Loss System

    trailing-system-screen-2509.png trailing-system-screen-3251.png trailing-system-screen-2673.png trailing-system-screen-4535.png trailing-system-screen-3661.png

     
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