Automated Trailing Take Profit Expert Advisor for MT4/MT5

Related: Automated Live Testing for Expert Advisors on Demo Accounts - another powerful expert for MetaTrader 5 traders.

This non-trading Expert Advisor is designed for the automated trailing of take profit orders for open positions. The EA is specifically designed to work with hedging accounts.

Also recommended: WaveMaster Pro EA: Automated Execution for WaveMaster Oscilloscope - similar expert with strong performance on MetaTrader 5.

Principle of Operation:
When a new position is opened, the EA checks if a take profit order exists. If not, it sets a take profit order based on the EA's specified parameters. Subsequently, the EA dynamically adjusts the position's take profit level as the price moves favorably, provided the movement exceeds a defined distance.

Configuration Options:
The EA offers granular control over which positions are managed, including filtering by position type (any, buy, or sell), specific symbol, magic number, or position ticket.

Trailing in Unprofitable Zone:
An advanced feature allows for trailing the take profit even within an unprofitable zone. If this mode is disabled, the take profit will not trail below the breakeven distance from the position's open price. The breakeven value is configurable.

Testing Mode:
For comprehensive testing, the EA includes a mode to open positions on each new bar. This functionality is exclusively available within the strategy tester.

Input Parameters:

Take Profit Size (Points): Sets the initial take profit value in points. This value also serves as the minimum distance for trailing the stop order from the current price.

Position Type: Specifies the type of positions to apply trailing to (e.g., any, buy, sell).

Position Symbol: Defines the symbol for positions to trail. An empty value applies to all symbols.

Position Magic Number: Filters positions by their magic number. A value of 0 applies to all magic numbers.

Position Ticket: Filters positions by their specific ticket number. A value of 0 applies to all tickets.

Trailing Step: If the price moves away from the position's take profit by a distance greater than this step, the take profit will be modified to maintain the distance specified in 'Take Profit Size (Points)'.

Trailing in Unprofitable Zone: Enables or disables trailing the take profit within a losing area. If disabled, the take profit will not be trailed below breakeven.

Breakeven (Points): Configures the breakeven level. The unprofitable zone is defined as any price below this value relative to the open price.

Spread Multiplier: Used for calculating the appropriate distance for stop orders. MetaTrader platforms enforce a minimum distance (stoplevel) for placing stop loss and take profit orders relative to the current price. If 'stoplevel' is zero, it implies a dynamic floating level, typically at least the spread. This parameter allows for a custom multiplier of the spread to ensure a safe distance for placing stop orders.

Example Scenario:
Consider testing the trailing take profit for a buy position. The take profit is set at 400 points, the trailing step is 10 points, and trailing is only applied in the profitable zone. The EA will manage the take profit as described.

This tool was updated in 2026.

You may also like: Safe Risk Manager EA - Daily Loss, Break-Even, and Trailing Stop Management - excellent alternative for expert users on MetaTrader 5.

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• 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.