To put down a stop loss

MACD Sample EA is a swing trading system. However, this swing trading system doesn't come with a stop loss. Its either you get it right on your buy position, you sell off at higher price to make money; or you got it wrong on your buy position, then you get a sell signal at lower price. So, you can choose to put down a stop loss in order to limit your losses when thing goes wrong.

Place these codes into your MACD Sample EA.

By adding extern in the code, you'll be able to control the external panel. StopLoss is the variable name. double in the code will allow the StopLoss variable to store fractional figures. We temporary put 50point as the default figure. Anytime when you load the EA on the chart, your default TakeProfit and StopLoss will be 50.

We have defined the parameter. Now we add an extra code into the OrderSend() function. OrderSend fucntion work with these element:

Option = OP_BUY,OP_SELL,OP_BUYSTOP,OP_SELLSTOP,OP_BUYLIMIT,OP_SELLLIMIT

Lot size = Any figure your account able can trade

Order open price = Ask for buy, Bid for sell, or put down a figure if you want to use pending order

Slippage = How many point of slippage allowed

Stop loss = The price when you decided to cut loss

Take profit = The price when you liquidate your profit

Trade comment = To put down a comment on your trade in order to recognize them traded from which trading system

Magic number = Any integer figure. This is for the EA to recognize its an auto trade instead of trader's manual position

Expiry date = Trade will be close after exceeded this amount of time.

Color marking = Trade will be indicate on the chart. Choose a color to represent your buy/sell position, inorder to recognize them in the future.

Original code came with 0 stop loss, so we added some code for this system to recognize a new stop loss we added earlier at the external panel.