Unlock the Power of a Trailing Stop Loss
If you're diving into coding your own EA, integrating a trailing stop loss is a game changer. With just a few tweaks, you can smooth out your trading strategy and manage risk like a pro. Here's a quick rundown on how to set it up.
Simple Steps to Implement Your Trailing Stop Loss
- First things first, copy the provided code into your EA. It's as straightforward as that!
- You might need to adjust the InpMagic variable to match your magic number.
- If you're feeling adventurous, you can keep my code as is and see how it performs.
- Don’t forget to include COrderinfo ord; and CPositionInfo pos; in your script. These are essential for tracking your orders and positions.
Visual Aids to Help You Out
Check out the images below for a clearer understanding:
With these tips in hand, you're all set to enhance your EA with a trailing stop loss. Happy trading!
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