Standard is 3. In most cases it is around 3. Example of Trailing stop parameters in MT4 Remember, it depends from pair and current situation in the market. You should experiment with few settings and check it on historical price action if they are ok.
Trailing stop loss and other indicators Some traders use only trailing stop loss line, others add to that metatradrr or two indicators. In my trading I join ATR Trailibg my favorite indicators, which are: That is why it is good to combine it with other indicators which may help with that. Best pairs to trade with ATR trailing stop loss Trailing stop loss works best in trending markets. That is why you should check pair if it tends to move strong or to move in range. It is not the secret that yen pairs line to move strongly.
Installation Unzip file. Metatraddr should see a new window with MT4 folders and files. Something similar to the screen below: Go to unzipped folder. Do the same with templates.
Go to the Templates folder and copy content to the same folder in MT4 window. Leave a comment and I will try to help you. The order level is set at the specified distance from the current price. Further, if price changes in the more profitable direction, trailing stop will make the Stop Loss level follow the price automatically, but if profitability of the position falls, the order will not be modified anymore. Thus, the profit of the trade position is fixed automatically.
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After each metayrader Stop Loss order modificationa record will be made in the terminal journal. Trailing stop can be disabled by setting "None" in managing menu. And trailing stops of all open positions and pending orders will be disabled if the "Delete All" command of the same menu has been executed. This is why it will not work, unlike the above orders, if the terminal is off.
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In this case, only the Stop Loss level will trigger that has been set by trailing stop. Trailing Stop is processed once per tick. If multiple orders with Trailing Stop are open for one symbol, only the trailing stop of the latest open order is processed.