Quik_Trailing

This EA has three separate functions: Set Breakeven, Trailing

Stop and Scaling Out.
Works on 4 and 5 digits Broker.
Works on ECN Brokers.
Magic number auto-created internally. Works in different pairs
without interfere others EA.
Switch ON/OFF for each function independently.
Customizable percent for Scaling Out.

Quik_Trailing automatically adapts to 4 and 5 digits brokers. It

works on all MT4 brokers.

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New options

ShowInfo. Set it to false, allows turn all the text off, but it still
runs in the background.

AlertSound. Set it to true, emits a sound when First TakeProfit

is hit.

AccountIsMicro. Set it to True, develops calculations in Lot

Size using 2 digits for First TakeProfit percent. Set it to False,
for use 1 digit in Lot Size calculations for First TakeProfit
percent.
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Account Type

* If you account is micro set AccountIsMicro = true.

* If you account is mini or standard set AccountIsMicro = false.

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Scaling out

First TakeProfit Percent is for "scaling out".

Ie, close to 70% (or whatever) of the position and let the rest
go on.
If you open a position of 1 Lot, the EA closes 0.7 Lots and
keeps open on market the remaining 0.3 Lots.
IE if you work with 0.04, 70% will be rounded to a 0.03.
If you do not want to use this feature, just turn off.

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Use_TrailingStep

Use this function for "trailing" the stoploss when

Start_Trailing_At pips profit is reached.

TrailingStep is the amount of pips that will be used to move

the Stoploss.
If you use 5, the stoploss will move 5 pips for each 5 pips that
the price move in profits, after that Start_Trailing_At pips profit
is reached.

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Set_Breakeven

Use this function for lock profits.

LockPips is the number of pips -with respect to entry point- in
which the EA will put the stoploss when Set_BreakevenAt is
reached.

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Magic Number

Quik_Trailing automatically creates magic numbers internally.

This means you can have multiples Trades opened on the
same and/or different pairs, set-up the parameters different for
the different charts, and place trades with different stops and
TP's depending on which chart/TF/pair you have a signal and
that the EA's WON'T interfere with each other or others EA's.

You just need to manually open the trade and Quik_Trailing

will do the rest.

Enjoy it.
http://www.worldwide-invest.org/trading-systems-
strategies/2886-forex-pip-taker-8.html

Quick Trailing Settings

Automatic SL: if set to true the EA will set the stop loss and
take profit for you. This is an ATR based calculation but
strangely for take profit it's very small. (must have Automated
TP set to true as well)

The Automatic SL Ratio: can increase the SL and TP if the

calculations aren't to your preference. (will increase SL and
TP)

Auto Max SL: is the maximum SL you will allow Auto SL to set
for the trade. So if QT calculates a 300 SL this variable will
restrict the SL to 150 or whatever number you put there With
Automatic SL set to false the manual stop loss value (located
under Auto Max SL) will take priority.

Automatic TP: If set to True Will use the same Auto calculation
to take profit based on ATR. If set to false, the TakeProfit
value will have priority.

Use First TakeProfit: when set to true, input your target and
the EA will take that amount of pips you specify in the

First Take Profit Percent: If you set the value to 100, all the
the pips will be taken. If you set it to 80, only 80% will be
taken and 20% left behind to ride the rest of the trade. QT
trailing stop becomes very aggressive when a split trade has
occurred so being stopped out rather quickly may be the norm.
(concerning the 20% lot remaining in the trade)

Use TrailingStep: when set to true the trailing stop will begin
trailing your order when x amount of pips have been reached. I
do not like loosing money so I have this function activate after
my TP value. If I'm in a crazy market that isn't trending well
increasing my risk, I set the value to 10 step 5. Yes I get stop
out alot but I don't loose a lot either.

Set BreakEven: when set true will move your SL from 150 pips
to breakeven plus some positive pips you specify in Lockpips.
If you're good at this it can be a great asset protection tool. If
not, it can be a pain in getting you stopped out but without
loss and that's what I'm all about.

Max Slippage: don't know why it's there...

Allow Drag Pricelines: never used it...

Account Micro: N/A

Show Info: self explanatory

One final note: This QT EA was designed for scalping the 1

min, 5 min and 15 min TF. It's hungry and moves in very fast.
But I find that since I am after 20 pips no matter what the time
frame, I can use this EA for that purpose.

But long term trading, it's a bear and tweaking is needed so it

can have more tolerance to small retraces.

Some Mt4 platforms aren't freindly to this EA for whatever

reason. (maybe blacklisted)