Create Trailing Stop Methods in MetaTrader 4: Step-by-Step Part 1

In this tutorial, I review and describe techiques for calculating and applying trailing stops from your experts in MetaTrader.

A trailing stop can help protect your profits by automatically adjusting your stop-loss order as the market moves in your favor. We'll start with the basics and gradually move on to more advanced techniques for creating effective trailing stop methods.

Throughout the video, we'll be using the MQL4 programming language to write custom code that you can use in your own expert advisors.

By the end of this tutorial, you'll have a solid understanding of how trailing stops work, and be equipped with the tools and knowledge you need to write your own custom trailing stop methods.

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Contents:
00:00 - Introduction
02:07 - Basic MA Cross expert
04:01 - Points trailing stop
16:48 - High/Low trailing stop
21:06 - ATR trailing stop
26:06 - Conclusion

[sarlgenieiso]

Hi,

First of all thanks for putting up such excellent content for free . I have a small question how can I make my EA to display the custom indicator while back testing in strategy tester.

[collinsbrobbey]

Thanks for this useful content. So how can I trail a pending order. For instance if I have an open buy position with a trailing stop and a pending sell stop, how do I trail the pending sell stop along with the trailing stop loss?

[bachelorsounds]

Make mql5 code video for smart money concept with buy sell!

[jafxtradinginstitute]

How to add ATR stop loss and take profit levels in an indicator that give buy and sell signal when moving average color change.

I have an AMA moving average indicator where the line have 3 colors .

Blue = buy
Red = Sell
Grey = neutral

I want to add ATR stop loss and take profit levels when buy and sell signals.


The AMA indicator very good on H1 and higher tf.





Also I have a price action range strategy need coding .


When a previous close candle followed by current candle the high price above the previous high and the low Below previous candle low . That shows consolidation.

How to have a zone automatically plot there ?

[smoker-df]

Sir can you please tell me the right way to start learning mql4
I am new and hope you give me a piece of advice

[nvawrr]

Thank you for the video, excellent as usual. A dumb question:"if i run 3 functions in a row(one after another for each method) in the code without choosing one method from inputs(there is no input for method, all in a code). Does it means that system will always place "the best TS" of three? Can i use three of them at a same time? Thank you.

[oloy]

hello sir, can i ask how do you get the highest and lowest price. with a certain period of time.

[mayanknagar]

How to convert MT4 indicator for my Tradingview because trading view is good pls make video on this topic with simple step by hope you cover this Topic..