Exp_GStopLoss
Exp_GStopLoss is a utility Expert Advisor that manages stop loss levels for open positions, likely implementing a global or trailing stop loss mechanism. It does not open trades on its own but instead modifies existing positions' stop loss to protect profits or limit losses. The EA monitors all open positions and adjusts their SL according to configurable rules.
Open the interactive view (equity curve, symbol switch)Key facts
Backtest results (H1, about 1 year)
Not backtested yet — this EA could not be converted automatically.
Strategy analysis
This EA is a stop loss management tool and does not have its own trade entry strategy logic. Its core function is to monitor stop loss levels for all open positions in the account and dynamically adjust them based on price movement. Entry conditions are not applicable since it does not open trades on its own; exit conditions are indirectly achieved by adjusting stop loss, closing positions when price retraces to the adjusted stop level. Position sizing is not involved, and money management may include parameters for setting stop loss by pips or percentage. The tool typically supports stop loss adjustment for positions across all symbols or specified symbols, and may include trailing stop functionality that gradually moves the stop loss in the favorable direction as profit increases.
Strengths
- Automated stop loss management reduces need for manual intervention
- Trailing stop function locks in floating profits
- Multi-symbol unified management improves overall account risk control efficiency
Weaknesses
- Cannot open positions independently, relies on other strategies or manual trading to generate positions
- Stop loss adjustments may experience slippage during volatile markets causing discrepancy between actual and set stops
- Improper parameter settings for trailing stop may be too tight, causing frequent stop-outs
Possible improvements
- Add ATR-based dynamic stop loss calculation to adapt to market volatility changes
- Add a visual dashboard showing current stop loss status and adjustment history for each position
Risk assessment
Overall risk: Safe
- Stop loss adjustments depend on broker execution quality; extreme market conditions may prevent timely modifications
- If the EA stops running unexpectedly, positions may lose stop loss protection
Evaluation scores
Parameters
| Parameter | Default | Description |
|---|---|---|
StopLoss | unknown | Stop loss in points or amount |
TrailingStop | unknown | Trailing stop in points |
TrailingStep | unknown | Trailing stop step |
MagicNumber | 0 | Magic number for positions, 0 means all positions |
ApplyToAllSymbols | true | Apply to all trading symbols |
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Backtests are historical simulations and do not guarantee future results. Not financial advice.