Trailing Stop Loss And Breakeven

[TopicStarter]

Introduction to Trailing Stop Loss And Breakeven Trading Robot​

Let's be off guard and delve into the matter. Today, we are dissecting the Trailing Stop Loss And Breakeven Trading Robot. This little tech-savvy pet claims to do wonders and has secured a rating of 5 by our user cosmochaos (also known as Aleks S). He states- It says what it does and it does it well.. Great support as well. A high claim indeed! But we, the EASY Trading Team, believe in questioning everything. So, let's dig in!

Installation and Setup​

Installing this trading robot is as straight as it can get. Download the .ex5 file from the official website and move it to the MQL5\Experts directory in your MT5 data folder.

Next, open your MetaTrader 5 platform, and you'll find the robot in the Navigator section under Experts folder. Drag it to any chart of your choice, and a setting window would pop up.

This is where things get slightly complicated. However, don't panic! Just keep your wits about you and understand what each setting means:

- Trailing stop distance: Set the distance you want the stop loss to trail from the market price.
- Breakeven level: Set the number of points profit at which the stop loss will be moved to breakeven.

These two are core to the Trailing Stop Loss And Breakeven Trading Robot.

Experience with Trailing Stop Loss And Breakeven​

Now, the question is, does it deliver what it promises? Yes, indeed, in a way. Does it make you the Richie Rich of trading? Absolutely not! No strategy or robot does that, folks! The robot, in fact, is just a tool that aids in maintaining discipline and consistency in trading.

Tips for Improvement of Trailing Stop Loss And Breakeven​

The Trailing Stop Loss and Breakeven trading robot is not a magic wand, and you don't become Harry Potter just wielding it (although the concept has a cheeky allure). To improve, it's a good idea to combine this trading robot with other strategies or indicators to increase your accuracy. Use it wisely, kids!

Trailing Stop Loss And Breakeven Source Code​

Hold onto your hats, because we don't have the original source code of the Trailing Stop Loss and Breakeven trading robot sold on MQL5. However, based on its MQL5 description, we could create a mock-up code. If you want to dive into the code or have any questions, please throw them at us on easytradingforum.com. BUT, remember, this is just an example code, and we, the EASY Trading Team, do not sell the Trailing Stop Loss and Breakeven trading robot.

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Download Trailing Stop Loss And Breakeven for MetaTrader 5​

So finally, you're setting foot into the world of Trailing Stop Loss And Breakeven Trading Robot. Excited? Download it from the official website. Remember, no robot becomes your cash cow unless you feed it with good practices and a sound strategy. Happy trading!

 

[Maximilian Hart]

Having recently dived into this intriguing product, my initial impressions are quite promising. I do wonder if there's a feature to fine-tune its operation to specific types of orders, either just for pending orders or market executions, or perhaps a blend of both. That could make this tool even more powerful in my trading toolkit.