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.
Links:
MT5 Version: • Create Trailing Stop Methods in MetaTrader...
Web: https://orchardforex.com/create-trail...
Discord: https://orchardforex.com/discord/
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Discount on commission - OX Securities: https://oxsecurities.com/orchard-forex/
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