Trailing Sell Stop
From the Old Kings archive: Trailing Sell Stop, an expert advisor (trading robot) for MetaTrader 4. As the name suggests, the idea behind it is trailing stops. It places pending orders and moves the stop behind price. It has 7 settings, for example Distance (default 7), Lots (default 0.01) and Stop Loss (default 200). Before any live use, test it on a demo account and check its lot size, stop loss and trading hours. 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.
Expert advisor · MT4 · v1.0 · Free
About Trailing Sell Stop
Trailing Sell Stop is an expert advisor (trading robot) for MetaTrader 4. It places pending buy/sell stop or limit orders and moves the stop loss behind price (trailing stop / break-even). It has 7 settings, such as Distance, Lots and Stop loss. MQL source code included.
Files in the download: Trailing Sell Stop.mq4.
Trading robots can lose money. Check every setting and test on a demo account before using real funds.
Settings
| Setting | Default | What it does |
|---|---|---|
| Distance | 7 | Distance between orders |
| Lots | 0.01 | Trade size in lots |
| Stop loss | 200 | Stop loss distance |
| Trailing stop | 100 | Trailing stop distance or switch |
| Take profit | 100 | Take profit distance |
| Slipage | 30 | |
| Magic | 123456 | Magic number that tells this EA's orders apart |
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 → Experts.
- 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 expert advisor from the Navigator onto a chart, check the settings, allow Algo/Auto Trading and press OK.
- Test it first on a demo account or in the Strategy Tester.
Tags: Trailing Stop & Break-even · Pending Orders · MT4 Expert Advisor · MQL4 Source Code