MT5 EA Template

[Enivid]

Discuss MT5 expert advisor template here. This free MT5 EA template provides a starting point for you to create and test your own expert advisors using indicators or any other trading strategy. You can ask any questions about this MetaTrader 5 EA template here.

 

[ssopiak]

Thanks for the template, it's really useful.
I'd like to customise it to add trailing stoploss for example.
What do you think would be the best way to do this?

 

[Enivid]

Thanks for the template, it's really useful.
I'd like to customise it to add trailing stoploss for example.
What do you think would be the best way to do this?

To add a trailing stop? You can look at any trailing stop EA we have and use the code from there. For example, Trailing Stop on Profit.

 

[ssopiak]

To add a trailing stop? You can look at any trailing stop EA we have and use the code from there. For example, Trailing Stop on Profit.

OK thanks, but my question isn't how to implement a trailling stop but where to implement it.
My idea is to code several buy/sell signals and several types of stop loss and then test several combinations.
For example, is it relevant to add 2 parameters to the "CheckEntrySignal()" function to add an argument with a type of signal (1=moving average crossing, 2=bollinger band, 3=hammer canddle...etc) and a type of stoploss (1=fixed, 2=based on ATRs, 3=trailing stop, ....) ?

 

[Enivid]

OK thanks, but my question isn't how to implement a trailling stop but where to implement it.
My idea is to code several buy/sell signals and several types of stop loss and then test several combinations.
For example, is it relevant to add 2 parameters to the "CheckEntrySignal()" function to add an argument with a type of signal (1=moving average crossing, 2=bollinger band, 3=hammer canddle...etc) and a type of stoploss (1=fixed, 2=based on ATRs, 3=trailing stop, ....) ?

I wouldn't mix entry signals and trailing stop. Trailing stop is best added as a separate function like this:

if (CountPositions())
    {
        // There is a position open. Manage SL, TP, or close if necessary.
        if (UsePartialClose) PartialCloseAll();
        CheckExitSignal();
        TrailingStop();
    }

Then you implement the actual trailing stop strategy (or strategies) inside the TrailingStop() function.

 

[ssopiak]

I wouldn't mix entry signals and trailing stop. Trailing stop is best added as a separate function like this:

if (CountPositions())
    {
        // There is a position open. Manage SL, TP, or close if necessary.
        if (UsePartialClose) PartialCloseAll();
        CheckExitSignal();
        TrailingStop();
    }

Then you implement the actual trailing stop strategy (or strategies) inside the TrailingStop() function.

Ok thanks !