Quantora Trailing Stop Manager: Automatic Stop Loss for MT4
Info
The Quantora Trailing Stop Manager: Automatic Stop Loss for MT4 is a Expert Advisor for MetaTrader 4 that quantora trailing stop manager mt4professional automatic trailing stop utility for metatrader 4quantora trailing stop manager mt4 is a professional open-source utility that automatically manages the stop loss of your open positions by trailing the market as your trades move into profit. Once your predefined profit level has been reached, the utility continuously follows price movements and updates the Stop Loss to help protect floating profits while allowing profitable trades to continue running.
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 Quantora Trailing Stop Manager: Automatic Stop Loss for MT4
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
Quantora Trailing Stop Manager MT4Professional Automatic Trailing Stop Utility for MetaTrader 4Quantora Trailing Stop Manager MT4 is a professional open-source utility that automatically manages the Stop Loss of your open positions by trailing the market as your trades move into profit.
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: Quantora Trade Manager MT4: Advanced Position Management for MetaTrader 4 - another powerful expert for MetaTrader 4 traders.
Quantora Trailing Stop Manager MT4Also recommended: Quantora Break Even Manager MT4 - Professional Automatic Break Even Utility - similar expert with strong performance on MetaTrader 4.
Professional Automatic Trailing Stop Utility for MetaTrader 4
Quantora Trailing Stop Manager MT4 is a professional open-source utility that automatically manages the Stop Loss of your open positions by trailing the market as your trades move into profit.
Once your predefined profit level has been reached, the utility continuously follows price movements and updates the Stop Loss to help protect floating profits while allowing profitable trades to continue running.
Designed for Forex, Gold, Indices and Crypto CFD traders, it offers reliable trade protection with low CPU usage, professional filtering options and excellent broker compatibility.
Main Features
Automatic Trailing Stop
Automatically follows profitable trades and updates the Stop Loss as the market moves in your favor.
Adjustable Trailing Start
Specify how many points of profit are required before the trailing system becomes active.
Adjustable Trailing Distance
Control the distance between the current market price and the Stop Loss.
Adjustable Trailing Step
Reduce unnecessary order modifications by updating the Stop Loss only after the configured price movement.
Minimum Profit Filter
Trailing begins only after the trade reaches the defined minimum profit level.
Smart Trailing Update
The Stop Loss is modified only when the calculated level provides better protection than the existing Stop Loss.
This minimizes unnecessary trade requests and improves execution efficiency.
Flexible Position Filtering
Manage:
Manual Trades
All Trades
Specific Magic Number
Symbol Management
Current Symbol
All Symbols
Buy & Sell Management
Manage BUY and SELL positions independently.
One-Click Trailing
The Trail Now button immediately applies the trailing calculation to all eligible trades.
Professional Quantora Dashboard
The built-in dashboard displays:
Status
Balance
Equity
Free Margin
Current Symbol
Spread
Account Type
Magic Filter
Managed Trades
Floating Profit/Loss
Trailing Start
Trailing Distance
Trailing Step
Minimum Profit
Update Counter
Error Counter
Dashboard Controls
Start / Stop Manager
Trail Now
Compatible Markets
Forex
Gold (XAUUSD)
Indices
Crypto CFDs
Advantages
- Automatic profit protection
- Adjustable trailing parameters
- Smart Stop Loss updates
- Minimum profit filtering
- Manual / Magic Number filtering
- Current Symbol or All Symbols support
- BUY & SELL filtering
- Professional Quantora dashboard
- Low CPU usage
- Broker-compatible execution
- Stop & Freeze Level protection
- Error handling and terminal logs
- Open-source code
- Easy future customization
Important Information
This utility does not open trades and does not generate trading signals.
It is designed exclusively to manage existing open positions by automatically trailing their Stop Loss after your predefined conditions have been met.
Trailing Stop cannot guarantee profit. During periods of high volatility, slippage, price gaps or execution delays, positions may close at a different price than the displayed Stop Loss.
You may also like: Quantora Position Size Calculator MT4 - excellent alternative for expert users on MetaTrader 4.
Source Code
#property copyright "RobotFX"
#property link "https://robotfx.org"
#property version "1.00"
#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"
enum ENUM_Q_SCOPE
{
Q_CURRENT_SYMBOL = 0,
Q_ALL_SYMBOLS = 1
};
.......
⚠ 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.