If you're looking to enhance your trading strategy, ProfitTrailing is a game changer for virtual profit trailing on MetaTrader 4.
Here’s a quick rundown of the key parameters:
- minlots: This is the smallest lot size for calculations, typically set at 0.01.
- minlotsprofittrailingsl: This defines the profit trailing stop loss per min lot, with a default value of 2.2. For instance, if your order is 0.01 lots and your current profit is 3, the virtual profit stop loss will be 0.8 (3 - 2.2). If your order is 0.02 lots with a current profit of 10, the virtual profit stop loss will be 5.6 (10 - (0.02/0.01) * 2.2).
- minlotsprofittp: This is the profit target per min lot. If your profit exceeds this threshold, the order will close automatically.
- slippage: This accounts for any slippage that may occur when closing an order.
What’s great about this EA is that it can be used on any chart. It checks the profit on all your orders every 2 seconds using OnTimer() and keeps track of the data in arrays.
Why choose ProfitTrailing?
- It maximizes your profit potential while keeping risks low, just like a trailing stop.
- It conceals trailing stop, stop loss, and take profit levels, which can be beneficial as some brokers may manipulate spreads (the difference between Ask and Bid prices).
A quick note:
This EA was created recently and is currently undergoing testing on a live account. If you encounter any bugs or have suggestions, please feel free to share!
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