Stochastic Take Profit and Trailing Stop EA
Info
The Stochastic Take Profit and Trailing Stop EA is a Expert Advisor for MetaTrader 4 that this expert advisor (ea) utilizes stochastic indicator signals within the range of 20 to 80 for eurusd on an h4 timeframe. A trade is initiated when the current minute matches the 'minut' parameter.
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 Stochastic Take Profit and Trailing Stop EA
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) utilizes Stochastic indicator signals within the range of 20 to 80 for EURUSD on an H4 timeframe.
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: automatic take-profit and stop-loss limit tool - another powerful expert for MetaTrader 4 traders.
This Expert Advisor (EA) utilizes Stochastic indicator signals within the range of 20 to 80 for EURUSD on an H4 timeframe.Also recommended: Aver4 Stochastic + Post-Zigzag Indicator Setup for USDJPY - similar expert with strong performance on MetaTrader 4.
A trade is initiated when the current minute matches the 'minut' parameter. A settable stop-loss parameter 'stolos' is included; a higher stop-loss is recommended.
Once a trade is profitable, the EA activates profit preservation. When the 'start' points are achieved, the stop-loss is adjusted to 'trailstop' points below or above the entry level.
A 'diff' divisor is implemented for scalping the balance. If multiple orders are open, the lot size is divided by the number of orders. The 'sign' parameter can be used to enforce a larger difference between the Stochastic Signal and Stochastic Base lines before initiating a trade. This parameter is not utilized by default.
The attached zip file includes backtesting results for July 2026.
Parameter Explanations:
minut: Specifies the minute of the hour when the EA should initiate a trade.
orders: The number of concurrent trades allowed.
trailstop: The trailing stop-loss distance in points once the 'start' profit level is reached.
start: The profit target in points that triggers the activation of the trailing stop-loss.
stolos: The initial stop-loss distance in points.
diff: A divisor used to adjust the lot size for scalping based on the balance.
sign: A setting to verify a significant difference between the Stochastic Base and Stochastic Signal lines before trading.
Image:
Test results for July 2026 (EURUSD, H4).
You may also like: Automated Stop Loss and Take Profit - excellent alternative for expert users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
int time = 0;
extern int minut = 56;
extern int orders = 2;
extern int trailstop = 15;
extern int start = 95;
extern int stolos = 830;
extern int diff = 175;
extern int sign = 0;.......
⚠ 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.