Trailing Stop 5
From the Old Kings archive: Trailing Stop 5, a script for MetaTrader 4. Judging by its name, it is built around trailing stops. It has 4 settings, for example Take Profit (default 0), Stop Loss (default 15) and Lots (default 1). 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 Trailing Stop 5
Trailing Stop 5 is a script for MetaTrader 4. It has 4 settings, such as Take profit, Stop loss and Lots. MQL source code included.
Files in the download: Trailing Stop 5.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Take profit | 0 | Take profit distance |
| Stop loss | 15 | Stop loss distance |
| Lots | 1 | Trade size in lots |
| Trailing stop | 5 | 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