Metatrader trailing stop expert advisor that can trail the price of the winning trade(s) by pips, candles, ATR, PSAR, moving average, fractals indicator or percentage.- Trail the price of an opened trade or more by using a multitude of options, such as trail by ATR, PSAR or fractals indicators, trail by candlestick (chandelier), points and so on
- Monitor the profit and start trailing from profit breakeven, or right away
This Trailing Stop EA for MT4 has been created to help traders manage winning trades and baskets of trades, by trailing the price once it goes in the trader’s favor. The main idea that led to this auto Trailing Stop EA was that many traders are not so good at managing winning trades. Even with the bestforex trading strategy, if trade management is done wrong, it can turn a win into a loss. While sooner or later every good trader learns how to spot the trend, when to enter a trade, what forex news to trade and all the other forex secrets, many traders are closing their trades when they shouldn’t.
It often happens that traders get too greedy or too scared and so they poorly manage an opened trade. Unfortunately, managing an opened trade is much harder than opening a trade. When this happens, the winning trade is usually closed:
- Too late, after the profit decreased considerably or even became negative profit (loss)
- Too early, before the trade’s profit will reach its highest amount possible
Using the RobotFX Trailing Stop expert advisor for Metatrader, traders can cash in safer without having to continuously monitor their trades.So the purpose of the Trailing Stop EA is to eliminate those frustrating situations when you close a trade earlier than you should and the price continues to go in your favor, or when you wait for to long and the price reverses, so your winning trade becomes a losing trade.
The expert advisor trails the price using various methods:
- After a number of pips or points (the classic trailing method)
- At the last candlestick’s end (+ a buffer in points) - chandelier trailing stop ea
- Trails using Metatrader’s indicators: MA (moving average trailing stop EA), parabolic stop and reverse (PSAR trailing stop EA), fractals, average true range (ATR trailing stop EA)
- Trails using a percentage of the profit
It is important to specify that the trader has the ability to change (within the trailing stop expert advisor settings) the indicators values as well as the timeframe they are applied to. Also, that the expert advisor can trail multiple trades (basket) of the same kind.
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| How to set the automatic trailing stop in Metatrader |
- Enter your Client Email - fill this with your email IF you are using a paid version of this EA on a LIVE account
- Virtual Trailing - enable/disable virtual trailing
- Trailing Method - choose the preferred trailing method:
- Candlestick (chandelier trailing stop ea) - trails the price using the last candle, placing the stoploss at the end of this candle
- Fractals (fractals trailing stop ea) - trails the price using the fractals indicator, placing the stoploss at the fractal indicator level
- ATR (ATR trailing stop ea)- trails the price using the ATR indicator, placing the stoploss at the ATR indicator level
- Parabolic (PSAR trailing stop ea) - trails the price using the PSAR indicator, placing the stoploss at the PSAR indicator level
- MA (MA trailing stop ea) trails the price using the moving average indicator, placing the stoploss at the MA indicator level
- Profit % - trails the price using the profit’s percentage (example: if profit is 500 pips and Profit % = 50, the stoploss will be placed at 50%*500, meaning 250 pips)
- Points (classic pips trailing stop) - trails the price using the points; use with Minimal Profit if Trailing Stop Points below (example: when profit reaches Minimal Profit if Trailing Stop Points, trailing will start and the stoploss will be placed)
- Trailing Stop Buffer - the stoploss will be placed at this distance from the signal (MA, PSAR, fractals etc.)
- Trailing Stop Step - the stoploss will be moved when the price will move this distance from the previous stoploss
- Minimal Profit if Trailing Stop Points - trailing will start after this amount is passed
- Trailing Stop from Breakeven - the stoploss will be placed and trailing will start only after price reached the breakeven level
- MagicNumber to Trail (-1 all) - if you want to trail trades opened by other EAs, enter their MagicNumber here
- Indicator Settings - set the values for the indicators used to trail the price, if any of them is chosen as Trailing Method
- Timeframe - the indicators’ timeframe
- ATR Period - Average True Range period settings
- Parabolic Step - PSAR indicator step settings
- Parabolic Maximum - PSAR indicator maximum settings
- MA Period - Moving Average period settings
- MA Method - Moving Average method settings
- MA Price - Moving Average price settings
- Profit Percent - profit percent settings
Differences between MT5 EA version compared to MT4 EA
The Trailing Stop MT5 expert advisor:
- besides all the MT4 trailing options, also allows trailing by:
- the previous highs / lows (aka Swing Zone)
- Heiken Ashi candles (RobotFX Heiken Ashi indicator included)
- Bollinger Bands line
- had the virtual trailing option removed as being irrelevant
Purchase Trailing Stop EA $98 USD
Account name
RFX
Routing number
084009519
Account number
9600000000125783
Account type
Checking
Address
30 W. 26th Street, Sixth Floor
New York NY 10010
United States
RFX
Routing number
084009519
Account number
9600000000125783
Account type
Checking
Address
30 W. 26th Street, Sixth Floor
New York NY 10010
United States
Account name
RFX
Routing number
23-14-70
Account number
98949590
IBAN
GB55 TRWI 2314 7098 9495 90
Address
56 Shoreditch High Street
London E1 6JJ
United Kingdom
RFX
Routing number
23-14-70
Account number
98949590
IBAN
GB55 TRWI 2314 7098 9495 90
Address
56 Shoreditch High Street
London E1 6JJ
United Kingdom
Account name
RFX
Institution number
621
Account number
200110049234
Transit number
16001
Address
99 Bank Street, Suite 1420
Ottawa ON K1P 1H4
Canada
RFX
Institution number
621
Account number
200110049234
Transit number
16001
Address
99 Bank Street, Suite 1420
Ottawa ON K1P 1H4
Canada
Account name
RFX
BSB code
802-985
Account number
414272167
Address
36-38 Gipps Street
Collingwood 3066 Australia
RFX
BSB code
802-985
Account number
414272167
Address
36-38 Gipps Street
Collingwood 3066 Australia
Account name
RFX
BIC
TRWIBEB1XXX
IBAN
BE45 9671 1285 2489
Address
Avenue Louise 54, Room S52
Brussels 1050 Belgium
allow 2-4 days for the payment to process
RFX
BIC
TRWIBEB1XXX
IBAN
BE45 9671 1285 2489
Address
Avenue Louise 54, Room S52
Brussels 1050 Belgium
bitcoincash: qrht5fz2y847s9r0c0kqqqjr5xvuankw5vjp5ml7dk
bitcoin: 1NmGp1g1TWEcvLMGgzMgFAXvLyyiCtXQbm
0xF5FF48CD2304298a4552cdF0f29F7a0AF330cDe0
refer to Google to get the exchange rate before the payment
OR
Download Trailing Stop EA free
Download a free version
fully functional but limited to trading on demo accounts
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