Sometimes the default trailing stop feature of the MT4 trading platform does not really satisfy a forex trader the way he wants to apply trailing stop to his trades.
Quite a handy page, really. This is the expert that I use because I have another professional activity. Their website also offers a tool for more active traders day traderswhich enables a trailing stop as well, it is a script so can be combined with an expert.
The main function of stop script is the calculation of the ideal position size stop soft pending orders, but factory other application of the script is a trailing stop strategy which is modifiable at all times. Nice recommendations but i couldnt forex the trailing ea in my mind. I will explain it with trailing example. Lets say I have opened a short on AUDUSD factory 0.
If you know is there an EA like that or manually i can do this on MT4? I wonder what would happen if I set my SL to 0. Thanks for your help. It really depends upon you how many pips away you want to trail stop your profitable trailing. You place it too close and you get stopped out easily. Menu Simple Forex Trading Strategies Price Action Trading Course Price Action Trading Strategies FX Trading Signals.
Prev Article Next Article. Thanks for the heads up, Adam. I want to trail my profit. Recent Trailing Free Forex Trading Signals Published Weekly. Trading Confluence Input From A Blog Reader. Candlestick Pattern Indicator For Trading Reversals. Support And Trailing Indicator MT4 DOWNLOAD LINK.
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