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Supertrend Trailing Stop Expert Advisor for Metatrader 5
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Supertrend Trailing Stop Expert Advisor for Metatrader 5

  #1 (permalink)
Trading Apprentice
Berlin / Germany
 
Futures Experience: Intermediate
Platform: MetaTrader
Favorite Futures: Forex
 
Posts: 7 since Aug 2015
Thanks: 0 given, 0 received

Supertrend Trailing Stop Expert Advisor for Metatrader 5

Hello,

I am looking for an EA for Metatrader 5 that sets a trailing stop based on the indicator "Supertrend" (https://www.mql5.com/en/code/576). The stop should be a little higher (when selling) or lower (when buying) than the supertrend line and move with that supertrend line of course (because it should be a trailing stop). The space between the supertrend line and the actual trailing stop should be adjustable in pips. The parameters of the supertrend indicator should also be adjustable within the EA. If the supertrend line switches its color during an open position this position should be closed or there should be a notification that there has been a color switch and the stop should remain where it was before. These two options should be selectable.

Could someone program such an EA?

Thanks in advance,

All the best.

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  #3 (permalink)
Trading Apprentice
Berlin / Germany
 
Futures Experience: Intermediate
Platform: MetaTrader
Favorite Futures: Forex
 
Posts: 7 since Aug 2015
Thanks: 0 given, 0 received


I have found an article describing how to program Trailing Stop EAs based on indicators here: https://www.mql5.com/en/articles/134

A lot of code plus a downloadable sample is already included in the article. It only needs to be based on the Supertrend indicator instead of the SAR or NRTR indicator which is used in the article.

Could someone change the sample that is provided by the article so it works based on Supertrend?

Thanks.

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