Fractal Trailing Stop EA

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Darren
Posts: 891
Joined: 20 Nov 2012, 13:54
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Fractal Trailing Stop EA

Unread post by Darren »

I have attached a basic version of a trailing stop EA that will trail the Aims boxes on whichever time frame the chart is running. You basically add it to a chart and change how many pips you want to add to the upper fractal and how many to the lower one in the parameters. It will only change the SL for the same currency pair as the chart is loaded, so if you trade 6 pairs you will need to add it to 6 charts.

Just to make you aware that it will change the SL for all open orders of the currency pair you are running it on, so if you have an hourly trade and an M1 trade you may not want to use it!!! It is a very basic EA so there is room for improvement. :)

Also, if you want to use Grant's method of trailing then you could run it on the M1 chart until you are BE, then change the chart to M5 so it trails M5 Aims, then change it to M1 when you see an M5 BDC etc! :)

I have included the source in case you want to tweak it, but I would test it as my version is slightly different to this!
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Darren
Posts: 891
Joined: 20 Nov 2012, 13:54
12

Re: Fractal Trailing Stop EA

Unread post by Darren »

fxsam wrote:Thanks Darren for sharing for this nice EA. Is this EA compatible with 5-digit broker ?
No problem Sam, and yes it is compatible with 5 digit brokers. If you want to add 1.5 pips to the upper fractal then make sure the AddPipToUpperFrac is set to 15, and do a similar thing for the lower fractal parameter.

Cheers.
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