e-Trailing: Automated Trailing Stop for All Positions
Info
The e-Trailing: Automated Trailing Stop for All Positions is a Expert Advisor for MetaTrader 4 that automated trailing stop for all open positions. Supports two types of trailing stops: simple (parameter ProfitTrailing=False), meaning the stop is adjusted to the trailing stop size immediately after opening a position, and profit trailing (parameter ProfitTrailing=True), where stops are moved only after the position's profit exceeds the trailing stop size.
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 e-Trailing: Automated Trailing Stop for All Positions
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
Automated Trailing Stop for all open positions.
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: e-News-Lucky$ - Automated News Trading Expert Advisor - another powerful expert for MetaTrader 4 traders.
Automated Trailing Stop for all open positions.Also recommended: e-Moving In WL2: Automated Stop Loss Adjustment - similar expert with strong performance on MetaTrader 4.
Supports two types of trailing stops: simple (parameter ProfitTrailing=False), meaning the stop is adjusted to the trailing stop size immediately after opening a position, and profit trailing (parameter ProfitTrailing=True), where stops are moved only after the position's profit exceeds the trailing stop size.
This expert advisor should be attached to only one chart, and it will manage the stops for all open positions (parameter AllPositions=True).
The following parameters can be configured in the expert advisor:
AllPositions=False - Manage all positions;
ProfitTrailing=True - Trail profit only;
TrailingStop=15 - Trailing stop size;
TrailingStep=2 - Trailing step;
UseSound=True - Use sound alert;
NameFileSound="expert.wav" - Sound file name.
You may also like: Automated News Trader Expert Advisor - excellent alternative for expert users on MetaTrader 4.
⚠ 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.