Manual Trailing stop loss
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I have an idea but I would like you to confirm if there will be more than one open trade at he same time on each chart.
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@l-andorrà yeah there will always be more then one order, and all running order can have different trailing stops
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Wow. That makes it more complicated. Are all trades open on the same chart? I can find an inefficient solution but that would work for one single trade per chart.
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@l-andorrà Okay, sure, go for it, atleast we will get some solution
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@salahuddinonline Do you have a project to start with?
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@trader-philipps I tried this but it modifies each trade's stop,
and what I want different stops and trailing for each trade, -
Both blocks on the 'On tick tab' are unnecessary. That tab is already working on a tick basis so the fisrt one is redundant. The second one could be useful if all open trades had the same behavior, but you said it was not the case. Each trade will have its own TS.
So please can you confirm you would accept trading on 6 charts (same symbol) but with just one open trade per chart?
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@l-andorrà Sure, lets go for it, Kindly share what you have in mind
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Ok. Here you have it:
https://fxdreema.com/shared/AzfI6zu0c
This is what you will have to do for each chart:
- Open your trade manually.
- Run the EA on that chart when the trade is stil open.
- Specify the amount of pips for your trailing stop in the only input parameter eligible.
- Take note of the magic number for that chart.
- Repeat the previous steop for any other chart BUT use a different magic number (and a different distance in pips, of course) on each one.
Try it and let me know.
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Thank you for your question.
Let me be clear
Multiple MANUAL trades opened. You want custom Trailing Stop Loss for Each Trade you open on SAME PAIR.
If this is the case, then you don't need EA. MT4 already has trailing stop function per opened trade. You will simply have to right click on each trade and manually do it.
https://www.metatrader4.com/en/trading-platform/help/positions/trailing
With the MT4 Trailing Stop. Let's say the first trade is a 10 pip trailing stop. As soon as the order is in profit 10 pips, it will start trailing at a break even point (10 pips profit, 10 pips trailing). I believe if you put a manual stop loss, let's say 30 pips, then it will start to take off 10 pips from that starting point. I don't remember 100% though.
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@titangeorge
thanks for showing interest in this topic,
actually I dont trade on Pc, I use mobile or Vps for this,
If I use pc then there is no need to use any Robot or script for this,
I hope you understand@l-andorrà, suggested a solution for this, but as I have said I am using mobile for trading so this method is not gonna work for me
I would appreciate if any one of you could help me on this -
@l-andorrà you suggested a solution for this, but as I have to tell you that I am using mobile for trading so this method is not gonna work for me
I would appreciate you could help me on this -
@salahuddinonline Why not? Arent you trading with MT4? What is the problem?
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@l-andorrà I will use this for trading on mobile
I will not have access to pc all the times, I would use this for trail my trades while on the move, I am using mt4, but cannot leave my pc on all the times -
@salahuddinonline I'm afraid I never traded on mobile, sorry. Why can't you use an EA while trading on the phone?
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Cause I will have to put EA on chart every time I modify stops
and I have stated I will use mobile for putting stop loss -
Cause I will have to put EA on chart every time I modify stops
and I have stated I will use mobile for putting stop loss,
Each time I apply stop loss it will different from last one -
@salahuddinonline I see. There is an alternative, maybe. You can run an EA on chart permanently and it can modify a manual trade' SL when conditions are met. Would it work for you?
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@l-andorrà sure It sounds like working, Kindly share if you have any solution for this
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@salahuddinonline What about this? I share my idea and you help me to implement it. Ok? If I do all the work it would not be fun, right?
