Advanced Trailing Stop Expert Advisor for MT4/MT5
Info
The Advanced Trailing Stop Expert Advisor for MT4/MT5 is a Expert Advisor for MetaTrader 4 that this expert advisor (ea) provides a comprehensive trailing stop solution with extensive customization options. It supports trailing both real and virtual stops, offering flexibility in managing your trades.
Usage
This tool is typically used for automated trading on major forex pairs and gold.
Platform
This Expert Advisor works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Experts folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use Advanced Trailing Stop Expert Advisor for MT4/MT5
1. Installation: Open the "File" menu, select "Open Data Folder," navigate to MQL/Experts, paste your file, and restart the terminal.
2. Activation: Drag the EA from the Navigator onto a chart, ensure "Allow live trading" is checked in the Common tab, and verify the AutoTrading button is green.
3. Optimization: Right-click your chart, choose "Expert List," click "Properties" to adjust inputs, and save your preferred setup as a set file for future use.
4. Maintenance: Regularly check the "Experts" tab in the terminal window to monitor trade logs and potential execution errors.
Frequently Asked Questions
Q: Why is my EA not opening trades? A: Check the "AutoTrading" button, ensure "Allow live trading" is enabled, and verify your broker allows automated trading on your account type.
Q: Can I run multiple EAs on one chart? A: No, each chart can only host one active EA; however, you can open multiple charts for different currency pairs to run several EAs.
Q: What does the "smiley face" icon mean? A: A smiley face in the top-right corner of the chart indicates the EA is successfully running; a frowny face means it is disabled.
What this tool does
This Expert Advisor (EA) provides a comprehensive trailing stop solution with extensive customization options.
Typical Use Case
This Expert Advisor excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Expert Advisor works on MetaTrader 4. Place the file in the MQL4/Experts folder and restart the terminal.
Description & Settings
Related: MD Scalper EA: Trend/Reversal Scalping with Trailing Stop - another powerful expert for MetaTrader 4 traders.
This Expert Advisor (EA) provides a comprehensive trailing stop solution with extensive customization options.Also recommended: Trade Manager MT4: Advanced Position Management for MetaTrader 4 - similar expert with strong performance on MetaTrader 4.
It supports trailing both real and virtual stops, offering flexibility in managing your trades.
Trailing methods include:
- Points (standard)
- Parabolic SAR (PSAR)
- Average True Range (ATR)
- Moving Average (MA)
- Candlesticks
- Fractals
The EA can also trail based on a percentage of the profit.
Furthermore, it allows trailing to be applied either to the net breakeven across all orders or individually to each order.
For testing and demonstration purposes, the EA includes functionality to automatically open order pairs within the Strategy Tester, allowing for clear observation and understanding of its operation.
Optimization is also supported, enabling the development of new strategies based on this EA.
We encourage you to test this EA and provide feedback on any desired enhancements for future development. This version is updated for 2026.
You may also like: Quantora Trade Manager MT4: Advanced Position Management for MetaTrader 4 - excellent alternative for expert users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property strict
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
enum t
{
b=1, // by extremums of candlesticks
c=2, // by fractals
d=3, // by atr indicator.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.