Tight Trailing Stops
This Old Kings script for MetaTrader 4 is called Tight Trailing Stops. Judging by its name, it is built around trailing stops. It has 5 settings, for example Use Tight Stop (default false), Scalp Pips (default 3) and Use Trailing (default false). Scripts run once when you drop them on a chart; try it on a demo account first. Inside: 1 EA file with source code (.mq4) you can open and edit in MetaEditor. Old Kings are classic community tools shared as-is. Not tested by PolyMaria. Try it on a demo account first. Are you the author of this tool? Message us on Telegram (@abumarket_support) and we will credit you or take it down.
Script · MT4 · v1.0 · Free
About Tight Trailing Stops
Tight Trailing Stops is a script for MetaTrader 4. It has 5 settings, such as Use tight stop, Scalp pips and Use trailing. MQL source code included.
Files in the download: Tight Trailing Stops.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Use tight stop | false | |
| Scalp pips | 3 | |
| Use trailing | false | Trailing stop distance or switch |
| Trailing act | 6 | Trailing stop distance or switch |
| Trailing step | 3 | Trailing stop distance or switch |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 4 open File → Open Data Folder, then go to MQL4 → Scripts.
- Copy the .mq4 file(s) there. Put any .mqh files in MQL4 → Include.
- Open the .mq4 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the script onto a chart to run it once.
Tags: Trailing Stop & Break-even · MT4 Expert Advisor · MQL4 Source Code