Mastering the e-PSI_ManagerTrailing_v.2.5: A Trader's Guide to MetaTrader 4

Mike 2011.11.22 19:09 17 0 0
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The e-PSI_ManagerTrailing_v.2.5 is a powerful tool designed to support your trading orders effectively.

First, let's clarify what we mean by "orders." You can filter these by Magic Number (MG):

  • 0 - all orders;
  • 0 - manually opened orders;
  • > 0 - orders opened by a specific advisor.
When selecting symbols to work with the EA, use the List_Symbols option. Just enter the symbols, separated by commas. If you leave this field blank, the advisor will operate on any symbol. Make sure to set OnlyCurrentSymbol to false to allow this flexibility.

Next, you’ll want to define the orders that the Expert Advisor will manage and specify the parameters it will use to operate, such as ValueInCurrency (which can be based on your account balance or a percentage of it). Here are some key settings you can configure:

  • TrailProfit_ON - enables trailing based on total profit;
  • TakeProfit_ON - activates Take Profit for total profit;
  • StopLoss_ON - sets Stop Loss for total profit;
  • PartClose_ON - allows for partial closure of orders;
  • N_Trailing - specifies how many trailing orders to manage (0 to 11), focusing solely on the current symbol. Check out the trailing library for more details.

Important Considerations When Using the EA: If you have Trailing Profit enabled and the total profit of the selected orders exceeds the specified threshold, the EA will initiate partial order closures. However, keep in mind that "personal" trailing won’t be applied in this scenario.

P.S. In the latest version of the archive, you’ll find even more enhancements!

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