Universal 1.64 – EA MetaTrader 5

The author of the idea: Scriptor

The MQL5 code author: Vladimir Karputov.

Universal trailing of positions and pending orders. The Expert Advisor can also open positions and place pending orders.

The EX can:

• Trail stop levels for orders of any type (market and pending);
• Apply scalping techniques;
• Track the deposit increase by the required percent — once the value is reached, the EA can inform the user about that;
• Place pending orders, which are allowed by the user;
• Show Expert Advisor settings on the screen.
• The EA was originally designed as a universal trailing tool, while all other features have been added for convenience.

Input Values

• For all opened manually, the magic number is \”0\”
  • magic number – a unique identifier to be used by the EA;
  • Lot – the lot value of a position or a pending order to be opened by the Expert Advisor.
  
  
• Pending Order Switches – flags for pending orders:
  • Wait close position – waiting for a position to close (“true” – waiting for a position to close, “false” – waiting for a pending order to trigger);
  • Allow/prohibit BUY STOP – the use of Buy Stop orders;
  • Allow/prohibit SELL LIMIT – the use of Sell Limit orders;
  • Allow/prohibit SELL STOP – the use of Sell Stop orders;
  • Allow/prohibit BUY LIMIT – the use of Buy Limit orders.
  
  
• Position parameters
  • Maximum number of positions of one type – the maximum number of positions of one type in the market;
  • TakeProfit of positions – the take profit value;
  • StopLoss of positions – the stop loss value;
  • Trailing Stop of positions. “0” –> off – the trailing stop function;
  • Trailing Step of positions – the trailing step value;
  • Wait profit, “true” -> wait breakeven – first the EA waits for the breakeven level, and then applies the trailing function.
  
  
• Stop order parameters
  • Distance from current price to Stop Order level – the distance between the current price and the Stop Order;
  • TakeProfit Stop Orders – the take profit value for Stop Orders;
  • StopLoss Stop Orders – the stop loss value for Stop Orders;
  • Trailing Stop of a Stop Orders. “0” –> off and Trailing Step is not important – trailing function for Stop Orders;
  • Trailing Step of a Stop Orders – the trailing step value for Stop Orders.
  
  
• Limit order parameters
  • Distance from current price to Limit Order level – the distance between the current price and the Limit Order;
  • TakeProfit Limit Orders – the take profit value for Limit Orders;
  • StopLoss Limit Orders – the stop loss value for Limit Orders;
  • Trailing Stop of a Limit Orders. “0” –> off and Trailing Step is not important – trailing function for Limit Orders;
  • Trailing Step of a Limit Orders – the trailing step value for Limit Orders.
  
  
• Only for work on time – trading time settings
  • Use time – enable operation in the specified time;
  • Terminal hours of the deals – trading time (hours);
  • Terminal minutes of the deals – trading time (minutes);
  • Use open Buy on time – the flag for time-based opening of Buy positions;
  • Use open Sell on time – the flag for time-based opening of Sell positions;
  • Use pending Buy Stop on time – the flag for time-based placing of Buy Stop orders;
  • Use pending Sell Limit on time – the flag for time-based placing of Sell Limit orders;
  • Use pending Sell Stop on time – the flag for time-based placing of Sell Stop orders;
  • Use pending Buy Limit on time – the flag for time-based placing of Buy Limit orders.
  
  
• Pipsing – enable the pipsing (scalping) strategy
  • Pipsing profit – profit for the strategy.
  
  
• Global levels – profit and loss levels (%) (for information)
  • To catch the increase/decrease of the deposit by NNN percent – tracking deposit levels;
  • Global TakeProfit (given in percent);
  • Global StopLoss (given in percent).