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Re: MT4 Trading Utilities, Chart Tools & Add-ons

bilbao, Fri Mar 27, 2020 7:47 pm

EMA Trailing Stop
how thsi trailing stop ea works is by using a trailing stop based on exponential moving average.
so you set the “EMA Period” to 13 means that it will use the 13 EMA to trail stop your trades.
If you set “TrailAllSymbols” to “true”, it will trail all the currency pairs, not just the pair it is attached to on the chart.
“CloseWhenProfit”…you set this parameter to start trailing the sum of all profits gained from all open trades so when it reaches a value you’ve set, all the trades will be closed.
If you set “TrailOnlyInProfit” to “true” then it will activate a trailing stop on only those trades that are in profit. If “false” it will trail all the trades.
“EMAShift” simple means the bar of the EMA that is used as a trailing stop. If set to zero (0), it will do it on ever ema bar tick.
With “magicNumber.from” and “magicNumbe.to you” controls which numbers should it trail. Magic number 0 are usually for manual trades which means if you decide to put 0, this ea will monitor and trail manual trades along with chosen magic numbers.
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