It's useful to be able to add a trailing stop to your trades. Given I never got my head around the MT4 functionality I wrote this small EA, which does the job. Place it on top of the currency chart and give in the number of pips by which it should trail your trades.
You need to put it on currency charts for which you have trades. So if you have USDJPY trades put the EA on an USDJPY chart.
This EA will not trail stops for trades that have a non-zero magic number. So if you have trades which were executed by EAs, make sure you give these trades a non-zero magic number so you don't mess up their stop-loss management.
|Create Date||February 1, 2016|
|Last Updated||December 3, 2016|