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Trailing Stop

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  • 27-08-2018 at 17:59 #411753
    keetawat
    Member

    Dear All,

    I used the Stochastic EA Advance Version and I would like to setup the EA to protect the profit at lease when the profit increase to 2USD and I would to protect it if the profit decrease to 1USD by trailing stop.

    How I can setup it into my EA.

    Best & Regards,
    Keetawat

    28-08-2018 at 07:19 #412160
    basste
    Member

    Functions Glossary

    28-08-2018 at 17:07 #412538
    keetawat
    Member

    Thank you very much.

    01-09-2018 at 03:07 #415119
    keetawat
    Member

    If I do the
    TP = 15
    Use Tailing Stop = True
    Trailing Stop = 10
    When to Trailing = 10
    Step = 1

    EA will start trailing at 10 pip and will close order if below 10 pip.

    Am I correct? Thank you in advance.

    05-09-2018 at 19:24 #419124
    Yannick
    Keymaster
    keetawat wrote:

    EA will start trailing at 10 pip and will close order if below 10 pip.

    The EA will start the trailing stop function at +10 pips and will place the SL 10pips below (which will be at 0pips).
    If the trade will be at +12pips in profit, the SL will be at +2pips.

    11-09-2018 at 05:06 #422605
    keetawat
    Member

    Dear Mr.Yanick,

    Thank you for your reply.

    That mean if I would like to lock the profit to 10pip by using Trailing Stop I have to setup following

    User Trailing Stop = True
    Trainling Stop = 10
    When to Trailing = 20
    Step = 1

    Please suggestion

    Thank you.

    12-09-2018 at 11:44 #423583
    keetawat
    Member

    Sorry I missunderstand
    May I ask again for this setting

    if I setup
    User Trailing Stop = True
    Trainling Stop = 20
    When to Trailing = 15
    Step = 2

    When I have +20pip EA will setup SL at +5 then
    When I have +21pip EA will setup SL at +7

    Am I correct?

    Thank you in advance.

    16-09-2018 at 19:20 #426618
    Yannick
    Keymaster
    keetawat wrote:

    When I have +20pip EA will setup SL at +5 then

    Yes

    keetawat wrote:

    When I have +21pip EA will setup SL at +7

    No, since you have set Step = 2, the EA will not modify the SL at +21pips.
    The EA will only set the SL at +7 when you are +22pips in profit.

    The Step function is used to limit the number of modification requests you send to your broker. If it is set to 2 the EA will only modify the SL on all 2nd pips in profit (e.g. 20, 22, 24 and so on).

    20-09-2018 at 11:00 #428995
    keetawat
    Member

    Dear Mr.Yanick,

    Thank you very much for your explaination.

    20-09-2018 at 14:57 #429095
    Yannick
    Keymaster
    keetawat wrote:

    Thank you very much for your explaination.

    You’re welcome 🙂

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