Trailing Stop

1
ForexTrailer.com

• Forex Trading Automation with Trailing Stop
  Expert Advisor

2
Trailing Stop Superior Exit Forex Strategy

• Forex traders are interested in the quick and
  accurate execution of their trades as a result of
  swiftness of trading and the use of superior
  technology. Traders are always interested in fast
  trading because when forex trades are not
  executed on time, it could result to a loss of
  potential winning trades. In order not to lose
  such golden opportunities, some retail traders
  turn to Metatrader trailing stop expert advisor,
  or EA to overcome this weakness.

3
Trailing Stop on Metatrader 4
4

• Metatrader has its own trailing stop that can be
  used by traders who desire an alternative and
  automated way out of monitoring trades . Such an
  alternative is expected to exit a trade at the
  most appropriate time. The issue is that the
  trailing stop function of the Metatrader platform
  may not give the trade much space and freedom to
  develop.

This will in turn result in sub-standard results.
The good news, however, is that those who seek
another alternative to the trailing stop function
on Metatrader can now use mql4 programming
language on the Metatrader platform to fashion
out their own trailing stop expert advisor.
5

• When it comes to the automated forex trading
  and using the right exit strategies, putting
  together ones own trailing stop expert advisor
  on the Metatrader platform is the appropriate
  thing to do. Trailing stop can be developed to
  suit the taste and needs of traders, and they can
  be simple or complex depending on how the trader
  desires it.

6

• Forex trader may not be able to monitor more
  than one or two trades at a time while trading,
  and because trade supervision could be time
  consuming and energy sapping, the probability of
  error occurring in trade execution is
  substantial. The use of trailing stop expert
  advisor in the automation of a Forex trade helps
  to minimize errors that could be attributed to
  human actions and inactions when trading.

7

• This ensures proper trade management and the
  ability to choose the most suitable trading
  strategies for every market condition. Trailing
  stop expert advisor gives a trader the freedom to
  do other things that he desired, like doing
  market analysis for any available signals instead
  of monitoring the trade all of the time.

8
Developing Your OwnTrailing Stop Strategy
9

• However, to put together a viable trailing stop
  expert advisor and automate a trade, a trader
  needs to have a solid knowledge and firm grasp of
  the mql4 programming language that would have to
  be used to develop it. Trying to have a trailing
  stop expert advisor developed can cost a sizeable
  sum of money and time as professional programmers
  conversant with this language would be in best
  position to develop it. A trader needs not
  concern himself more with how much he has to put
  in to have a trailing stop expert advisor
  developed, but rather on the benefits that awaits
  him if he has one.

10
For more information, please visit
http//www.ForexTrailer.com
11
(No Transcript)