Professional Automatic Trailing Stop Utility for MetaTrader 5
Info
The Professional Automatic Trailing Stop Utility for MetaTrader 5 is a Expert Advisor for MetaTrader 5 that quantora trailing stop manager mt5professional automatic trailing stop utility for metatrader 5quantora trailing stop manager mt5 is a professional open-source trade management utility that automatically follows market price and updates the stop loss of profitable positions. Once a trade reaches the configured profit level, the manager activates its trailing system and moves the Stop Loss step by step as the market continues in the trader’s favor.
Usage
This tool is typically used for automated trading on major forex pairs and gold.
Platform
This Expert Advisor works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Experts folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use Professional Automatic Trailing Stop Utility for MetaTrader 5
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 MT5Professional Automatic Trailing Stop Utility for MetaTrader 5Quantora Trailing Stop Manager MT5 is a professional open-source trade management utility that automatically follows market price and updates the Stop Loss of profitable positions.
Typical Use Case
This Expert Advisor excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Expert Advisor works on MetaTrader 5. Place the file in the MQL5/Experts folder and restart the terminal.
Description & Settings
Related: Quantora Position Size Calculator MT5: Professional Risk-Based Lot Size Calculation - another powerful expert for MetaTrader 5 traders.
Quantora Trailing Stop Manager MT5Also recommended: Quantora Risk Calculator MT5 - Professional Trade Risk and Reward Calculator - similar expert with strong performance on MetaTrader 5.
Professional Automatic Trailing Stop Utility for MetaTrader 5
Quantora Trailing Stop Manager MT5 is a professional open-source trade management utility that automatically follows market price and updates the Stop Loss of profitable positions.
Once a trade reaches the configured profit level, the manager activates its trailing system and moves the Stop Loss step by step as the market continues in the trader’s favor.
The utility is designed to protect floating profits, reduce manual trade management and work efficiently across Forex, Gold, Indices and Crypto CFD markets.
Main Features
Automatic Trailing Stop
Automatically starts trailing profitable positions after the configured trigger level has been reached.
Adjustable Trailing Start
Define how many points of profit are required before trailing begins.
Adjustable Trailing Distance
Control the distance between the current market price and the Stop Loss.
Adjustable Trailing Step
Choose the minimum price movement required before the Stop Loss is updated again.
Minimum Profit Filter
Prevents unnecessary Stop Loss modifications before the trade reaches the specified minimum profit.
Smart Trailing Update
The Stop Loss is modified only when the new level provides better protection than the current level.
This reduces unnecessary trade requests and terminal log activity.
Flexible Position Filtering
The utility can manage:
Manual positions
All positions
Positions with a specific Magic Number
Symbol Management
Current Symbol
All Symbols
Buy and Sell Control
BUY and SELL positions can be managed independently.
One-Click Trailing
The Trail Now button attempts to apply the calculated trailing level immediately to eligible positions.
Professional Quantora Dashboard
The real-time dashboard displays:
Manager Status
Balance
Equity
Free Margin
Current Symbol
Spread
Account Type
Magic Filter
Managed Positions
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 and Magic Number filtering
- Current or all-symbol management
- BUY and SELL filters
- Professional Quantora dashboard
- Low CPU usage
- Broker stop and freeze-level control
- 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 manages existing open positions by moving their Stop Loss as the market moves in a profitable direction.
Trailing Stop cannot guarantee profit. During fast markets, price gaps, slippage or broker execution delays, a position may close at a different price than the displayed Stop Loss level.
You may also like: Professional Margin Requirement Calculator for MetaTrader 5 - excellent alternative for expert users on MetaTrader 5.
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"
#include <Trade/Trade.mqh>
enum ENUM_QTS_SCOPE
{
QTS_CURRENT_SYMBOL = 0,
QTS_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.