Trailing Stop Clarifiion?
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Thread: Trailing Stop Clarifiion?

  1. #1
    Hello,
    I had been wondering what is the most frequently used trailing stop,
    there are two kind like I know:
    1). Transferring the SL (variable pips) everytime the price going to favorable manner where SL=Bid-TrailingStop*Stage (for Buy order)
    two). Transferring the SL (as much as TrailingStop pips) everytime the price go to favorable direction up to TrailingStop pips in the last SL modifiion.

    The 1st one may give more profits because it track the price every pips, but it might cause large traffic to the host.
    The 2nd one does not cause much traffic(if TrailingStop is large enough), but it might not give much profit locked.

    So I was curious that one are widely used?
    Also which one utilized by MT4 built-in Trailing Stop? (I never use the built in TS since I am on a slow dialup and the price could be jumped far so I can not watch it moves each pips ^_^)

    Thanx in advance for the clarifiion

  2. #2
    1) Pip by Pip motion has become the most common but your broker may ban you if you are managing a lot of orders.
    Two) Produced by X Pips is actually a little better (each 5 pips after activation move the SL up 5 pips. It cuts the broker action down . 5x significantly less in this example)
    3) Either 1 or 2 but rather than getting the SL edited only have your program close the order when the Trailer is struck. This way NO broker editing is enrolled but your computer needs to be on to handle the Stealth SL.

  3. #3
    Quote Originally Posted by ;
    1). Transferring the SL (variable pips) everytime the price going to positive way where SL=Bid-TrailingStop*Point (for Buy order)
    Could you describe with an example. . .cant understand there!

    How abt the mt4 T..Stop system. . .have you?
    Mee never used it!

    Regards

  4. #4
    'Stage' is your price movement for each pip. 1 pip = 0.0001 movement in price. So in the event that you would like to transfer price by 1 pip - Insert Price=Price (1*Stage).

  5. #5
    Quote Originally Posted by ;
    'Point' is the built-in MT4 price movement for each pip. 1 pip = 0.0001 movement in price. So in case you want to move price by 1 pip - Add Price=Price (1*Stage).
    The value of Point depend on the value of Digits, it can be pip from 4digits broker or pipettes on 5digits broker
    Simply to clarify it for many others, as You already know about this

    Btw, thats for information regarding SL but I am not so worry about Quit hunting by the boker, and oftenly altering the code/setting which will reset the EA(may affect the EA's Stealth control if there were floating orders)
    I place my EA's MaxOrders (floating orders) into 300 and the EA is kindda scalper so there is a chance it can cause good traffic

    I lost one of my EA while modifying backtesting it recently due to low disk space (1MB abandoned), because the EA prints error message if an order failed with detailed info such as Current SL New SL for TrailingStop function, and because the EA was utilizing the 1st system it generate a very large log file from the tester (because there were a bug in which the EA attempt to move the SL each pipette Rather than each pip XD)
    After I ignore the low disk many times I save my job and restart the Windows, however when I start the project again it was vacant(0 file size) T_T and MetaEditor does not have backup attribute

    I've remake the EA but now I use the 2nd method ^_^
    it was a frustating day shedding an EA you are working on like that (trying to be carefull now)

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