EA trailing stoploss settings

[PAknow]

Hi there,

first of, can you only run one EA at a time on MT4? If I have an EA for a strategy and an EA for SL/TP, what are my options? Code the SL/TP EA into the EA for my main strategy?

And then, below a screenshot of the settings of the EA. I'm not too familiar with EAs or trailing stop. If I change it to the desired parameters, it moves the SL to BE earlier than I want.

Below the current settings:

I'd like to have a max Take Profit of 25 Pips, SL 10 Pips. SL move to BE at +8. SL should be then moved every 2 Pips and it should be a dynamic trailing stop, meaning should get smaller the closer it gets to TP. Can someone maybe advice what to use for 'Target Pips to Lock Profit' and 'Profit to lock' .

Any help would be greatly appreciated.

 

[PAknow]

Adding : Not sure if the EA is fine or not, but if I use the current settings, the SL,is placed right where the candle opens, literally 1 pip away. Can't see in the settings why that would be the case

 

[Gateluri]

AllPositions-trailing stop is used for all positions
Profit Trailing-if “true”, it activates trailing stop as soon as your trade starts making profits and protect(locks in your profits) and if “false”, trailing stop is activated as soon as a new position is opened.
TrailingStop-this tells you the size of the trailing stop in pips

 

[Balladotus]

I like such things, because it proves that real traders can really cope with any moment, because they are constantly searching and asking smart questions...

 

[JamesEdwards98]

Hi there,

first of, can you only run one EA at a time on MT4? If I have an EA for a strategy and an EA for SL/TP, what are my options? Code the SL/TP EA into the EA for my main strategy?

And then, below a screenshot of the settings of the EA. I'm not too familiar with EAs or trailing stop. If I change it to the desired parameters, it moves the SL to BE earlier than I want.

Below the current settings:
View attachment 40089
View attachment 40091




I'd like to have a max Take Profit of 25 Pips, SL 10 Pips. SL move to BE at +8. SL should be then moved every 2 Pips and it should be a dynamic trailing stop, meaning should get smaller the closer it gets to TP. Can someone maybe advice what to use for 'Target Pips to Lock Profit' and 'Profit to lock' .

Any help would be greatly appreciated.

What EA is this? Be very careful as I have been stung by them before!

 

[jim67]

i am woundering if i can set a trailing stop on an ea i run it does not have this feature but did not know if there was a 3rd party thing i could add? any ides