Introduction to TrailingStop - A Trading Revolution
Oh, wonderful! Another trading robot, TrailingStop. Now, what makes this robot so special compared to the myriad of others cluttering the market? Well, user reviews seem to rave about it. One user masa0718 rated it a 5 with a succinct Thank you!. That's a nice vote of confidence, isn't it? Conrad Klaasen, another user, was a bit more verbose, stating This is an amazing tool that works very well I'm looking at getting both trailing stops in the near future. Well, let's not just take their words for it, shall we? Let's dig in.Installation and Setting up TrailingStop
TrailingStop, I would assume, is not a magic wand. It's a tool that must be set up and used properly to reap the benefits. To do that, you must first install it. The detailed steps to do this are provided on the TrailingStop seller’s website – forexroboteasy.com/trading-robot/trailingstop/. But, I'll warn you, these steps are accompanied by a plethora of options. Be prepared to configure them based on your trading style and risk appetite.Experience with TrailingStop
To have any meaningful discussion about TrailingStop, I would have to use it myself, wouldn’t I? Well, I did and I must say, it's a bit interesting. It's not just a one-trick pony. As user bonboncat suggests, it's Much better than ordinary trailing stop and can get more profit rather than using fix tp. Can be used to handle other ea tp as well. So yes, it's not just about trailing stop orders, it's much more. I'm sure if you use it right, it might add a few extra points to your profits. But then again, a tool is only as good as its user.Improvement Suggestions
Despite the positive reviews, there's always room for improvement, isn't it? I don't care if it's a bot touted to be the next big thing; it can always use some tweaking. So, my suggestion to you is to keep your wits about you. Stay alert, monitor your positions, and make sure to optimise the bot's settings for your specific trading strategy. There's no one-size-fits-all here.TrailingStop Source Code
Ah, the illusive source code! Wouldn't we all love to have access to that? Despite our best efforts, we don't have the authentic source code of the TrailingStop bot that's being sold on MQL5. But don't fret, based on the detailed description on MQL5, we've created a code at easytradingforum.com. Keep in mind, this is not the actual code, but a close approximation. Feel free to ask any questions about it.
Code:
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