Use ATR Trailing Stop Hidden EA MT4 and hide your trailing stop from your broker. A very popular option to trail the trades using ATR indicator's value. Simple and effective way for your daily trading.
Example: current ATR value is 0.0028 on EURUSD which is equal to 28 pips. EA will use this value to trail your trades. With every new candle ATR indicator has a different value for example 0.0030=30pips and EA will use this new number too. So this is very adaptive to the current trading conditions.
How to use it?
Actually it's very easy to use this EA. You just need to attach EA on the chart and set your desirable settings.
EA is only able to work with 1 chart at the time. For example attach this EA on the EURUSD chart and EA will trail all your EURUSD trades. If you need more symbols, simply open another needed symbol and attach EA again.
Timeframe - for example you want to use ATR 15 min, then attach EA on the 15 minutes timeframe. If 1H, then attach it on the 1H timeframe.
Your Metatrader 4 must always be working. Internet connection must be stable.
It's not essential to place an ATR indicator on the chart, but you can do that if you want to see ATR's values.
Trail - you can choose which trades to trail. Only manual trades or manual and EA trades.
ATR period - obviously different periods will result in different values of the ATR indicator.
ATR multiplier - for example if the ATR value is 0.0028 and multiplier is as 1=28 pips, e.g multiplier is as 2=56 pips, multiplier is as 2.5=70 pips or any other number.
ATR trailing start % - basically it means how much in profit a trade must be in case to start using ATR trailing stop. For example ATR value is 10 pips + multiplier 2=20 trailing stop=once the trade reaches 20 pips in profit ATR trailing stop is applied for this trade. You can use any %.
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