Trading utilities for MetaTrader 5
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MetaTrader 5
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Overview
The Portfolio Trailing Stop is a simple tool that track your profit and adjust a Stop Loss for all positions if conditions of the tool are met.
Input Parameters:
- Activation: The minimum profit amount to the tool track and move the Profit Stop Loss. The minimum activation value is 0.10
- Percent to Save: How much of the top profit percent the tool should save (after activated). Must be higher than 0 and smaller than 1
- Close Open Orders: Close all open orders if the profit reaches the Portfolio Stop Loss. Default: True
The Input Percent to Save are configured in decimal places: (example: 0.15 is equal to 15%, 0.768 is equal to 76.8%).
Example:
You initialized the utility with Activation equal to $100 and 0.5 (50%) of profit to save. When your current profit reach $100, the Trailing Stop is activated and will close all positions if profit fall to $50. If your current profit increase to $110, then the utility will close positions if profit fall to $55 (always 50% in the direction of positive profit).
