Trailing stop expert advisor allows you to automatically protect the profits with your positions. It adjusts itself according to the current market rate and the amount of pips you give it to trail behind. Trailing stop is a great tool for conservative and long-term traders as it easily creates a protective «airbag» for the trades.
The expert advisor offers the possibility of programming trailing stop strategies and allows this EA to manage the open trades with pre-selected trailing stop strategies. Automating risk management through the use of a trailing Stop EA removes the decision-making process from the trader and shifts it to the pre-selected Trailing Stop EA. The trailing stop EA will monitor the position and shift stop loss level according to every close of the candle.
As we know, It’s sometimes hard to find indicators or EAs that you need quickly.
So, I’ve decided to collect the resources about this tight trailing stop expert advisors available today that are the most useful and we can trade with ease.
Just Follow me and enjoy trading forex!
Here are eight collections trailing stop EA that I hope would be useful as a forex trader :
All EA should be copied into the “/Experts” folder from your MetaTrader 4.
1. Swiss_Army Expert Advisor
Allows managing trades using a large variety of methods: trailing stops, break-even stops, setting/removing take profits and stop losses and a variety of close-out conditions.
The EA will print to the screen what it is allowed to do, so that should help you along in figuring out what it is doing.
This is the EA you’ll need to spend some time with to learn how to use it.
2.TrailingStop Expert Advisor
Modify trailing stop loss on all profiting open trades on the current account & attached charts.
Close all trades and take specified profit when the entire account is in profit.
Look inside: Can be Found at Trailing_Stop_Manual.pdf
3. e-Trailing Expert Advisor
To use automatic trailing stop for all positions that are open or will be opened in the future.
This indicator applies to 1 chart at a time. If you need to work with 2 or more charts, don’t forget to put this EA there as well.
AllPositions – use trailing stop for all opened positions
ProfitTrailing – trailing stop is activated as soon as the trade starts making profits, and used to protect profits. If “false” – trailing stop will be activated as soon as a new position is opened.
TrailingStop – the fixed size of the trailing stop
TrailingStep – step of the trailing stop
UseSound – use sounds
NameFileSound – the name of the sound file
4. Tight Trailing Stops Expert Advisor
To help set absolutely tight stop loss orders/trailing stops, which are not always allowed by Forex brokers.
To setup a trailing stop:
– change UseTrailing to true.
– TrailingAct is the activation point (set in X amount of pips), where the trailing stop starts to trail.
(For example, to activate a trailing stop when the trade is 10 pips in profit, set TrailingAct to 10).
– TrailingStep – the step/amount you’d like to trail by.
5. Break Even Expert Advisor
Set Stops Loss to breakeven once X amount profit (pips) is achieved.
BreakEven – value in pips after which the SL will be set to breakeven.
6. EMA Trailing Stop Expert Advisor
Trailing Stop based on an EMA.
TrailAllSymbols – “true” – will trail all the symbols/pairs, not just the one it’s been attached to.
CloseWhenProfit – set this parameter to start trailing the Sum of all profits gained for all open trades. When it reaches the value you’ve set, all trades will be closed.
TrailOnlyInProfit – “true” – will trail only those trades that are in profit. “False” – will trail all the trades.
EMAShift – that is not MA shifted, but the bar of EMA that is used as a trailing stop. If you set it to 0, it will do it on every EMA bar tick.
With magicNumber.from and magicNumber.to you “regulate” which magic numbers should it trail (magic number 0 is usually only manual trades, so if you include 0 it will monitor and trail manual trades along with chosen magic numbers).
7. Trade Protector Expert Advisor
Unlike a regular fixed trailing stop, which is sensitive to price pullbacks, the proportional trailing stop allows to set % ratio of pips being protected by a trailing stop depending on how well the trend moves. You set the % ratio, and the EA keeps moving the stop loss to X% of the distance between the current price and the order.
ProportionalSL = | CurrentPrice – OrderOpenPrice | x Ratio – Spread.
8. Trailing With Partial Close Expert Advisor
Allows partial closing of positions when each target is reached.
Includes 6 different types of trailing stops.
You can explore and test in the demo first because a lot to explore these many parameters.
Test It On Demo Account First
All trailing stop mt4 ea above you can download here and run a test on demo first and have great trading using our best and complete type of trailing stop forex expert advisor.