Good day, ladies and gentlemen, this time we look at a tool that will undoubtedly be useful for everyone who uses in his trade in the forex trailing stop.
called this tool Forex TrailinRobot , and its author is the notorious Margaret Lasker.Made Forex TrailinRobot as a counselor and is quite simple to use.How assures Rita, it is the fastest software for managing trailing stop .
little help for beginners.What is a trailing stop or as it is called, trailing stop?
trailing stop - an algorithm controlling the level of the Stop Loss order.After setting a trailing stop (for example, X pips) the following occurs:
- MetaTrader does not take any action until such time as the open position profit does not form in the X pips.After this MetaTrader exposes Stop Loss order at the distance of X pips from the current price (in this case - on the break-even level).
- After the first step, MetaTrader sends a command to change the level of the Stop Loss order at the distance of X pips from the current quot
Like him, this is the trailing , include?Open positions in the "Terminal" window, tab "Trade" right click on our warrant, and in the menu that appears, select the trailing stop-& gt; X points.
So, trailing stop - it is our insurance, in case the price will turn around and go against us.
trailing stop always follow the price and stop loss moves after that the price is moving towards our position.
trailing stop close to our order arrived (under the condition that has been achieved at the points specified during installation trailing stop), if the price goes against our position.
small illustration work trailing stop:
- point and - Open buy order (Buy)
- point b - switched trailing stop and move the stop-loss position after the price.
- point with - Price starts to decrease and goes against our purchase stop-loss remains unchanged.
- point d - the price goes up again, move the trailing stop order after her.
- point e - price peaked and started down.Stop-loss is not changed.
- point f - triggered stop-loss, not allowing us to lose profits obtained previously.
Thus, trailing stop keep moving the level of stop-loss following the price, helping us to maintain profits.
C simple trailing we figured out, and what are the advantages of Forex TrailinRobot , compared with the standard trailing stop?
- Setting the standard trailing takes time, Traingator enabled automatically
- If you use pending orders, the standard trailing stop can be added only after the pending order will be executed.Forex Trailingator also automatically start trawling order after its execution.
- also use Forex TrailinRobot you can set the trailing stop step (see. Below).
What Step trailing stop ?By default, the trailing stop moves Stop Loss behind the price after the X pips (trailing stop level), and then move the stop whenever profit increased by 1 point (greater than X).Those.default trailing stop is step 1. If we change step trailing (via Forex TrailinRobot), after reaching the level at X points, stop loss orlera move to the next time only after the price will still be at the Npoints more (in the direction of profits).N-step trailing stop.Thus, the stop loss will move every N points, after reaching a level X.
Set Forex TrailinRobot just like any other advisor's guide if you have problems.
Once you have copied the adviser to the folder with the terminal the MT4, attach it to a chart of currency, which you want to use a trailing (timeframe is not important, you can open the add. Of graphics with an expert to make it work on many pairs simultaneously) and set itoptions in the settings.Then Forex TrailinRobot EA will work.
Forex Trailingator not open the position myself!It only controls the orders opened manually or by other robots.
Description Advisor settings Forex TrailinRobot :
ProfitTrailing - if you enable this feature, the adviser will activate a trailing stop, just after the position goes into profit.When setting off, trailing activated immediately at the opening position.
TrailingStop - the level Trailing Stop
TrailingStep - move the trailing stop
MagicNumber - if there is a 1, then the EA will sweep all orders on a given currency pair.If 0 - the only position open manually.You can set up the Magic another counselor and then Trailingator will only control the order open with the specified advisor Magic.
P.S.Other advisors for automatic control of the positions can be found in the material Auto-management transactions in Metatrader 4.
Download Forex Advisor TrailinRobot