Hey traders! If you're looking for a nifty tool to enhance your trading strategy, let me introduce you to the AutoTStop EA. While it doesn't open orders on its own, it shines in helping you manage your trades with a reliable trailing stop.
Here's how it works: the automatic trailing stop activates once the price reaches half the value you've set for it. This feature can really help you lock in profits when the market moves in your favor!
To get the most out of AutoTStop EA, you'll want to set up a notification sound for when orders are closed or profits are taken. Just copy and paste the ping.wav sound file from the ping.zip into your MetaTrader 4/Sounds folder. This way, you'll get a pleasant ping every time your EA takes action.
I’ve been using the AutoTStop EA on the M5 time frame with the AutoTS6-MMA-RVI60-CS.tpl template and trading pairs like EURUSD, USDCHF, AUDUSD, EURAUD, EURJPY, GBPJPY, GBPAUD, GBPCHF, GBPUSD, NZDUSD, USDCAD, and USDJPY. The results have been quite satisfying!
Updates to Enhance Performance
- Update 01 (2014-12-05): Added new options in the Expert Properties and enhanced the calculation for Trailing Stop.
- Update 02 (2015-01-05): Fixed some typos in the code.
- Update 03 (2015-03-27): Improved TP and SL calculation methods and simplified the code for better performance.
- Update 04 (2015-06-16): Bug fixes and added Break Even Point (BEP) functionality to the Trailing Stop.
- Update 05 (2015-07-03): Minor adjustments made, but no changes in Expert Properties from Update 04.
User Input Example
//--- User Input // Update_4 (16-06-2015) input string AutoTStop = "Copyright © 2014 3RJ ~ created by Roy Philips-Jacobs"; extern bool FridayTrade = True; // If True, EA trades on Fridays extern bool UseTrailingStop = True; // Enable Trailing Stop extern double TrailingStop = 24.0; // Trailing Stop value extern double TrailingStopStep = 1.0; // Trailing Stop Step Value extern double TakeProfit = 20; // User-adjustable Take Profit value //---
So there you have it, folks! The AutoTStop EA is a great addition to your trading toolkit, especially if you want to keep your profits secure with trailing stops. Happy trading!
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