TrailingTakeProfit

This EA functions as a position management tool rather than an autonomous trading strategy. Its core concept is to progressively move the take-profit level in the favorable direction as unrealized profit increases, thereby locking in gains while preserving room for further profit. Regarding entry conditions, the EA does not initiate trades; it depends entirely on pre-existing open positions to manage. Exit conditions are triggered when price retraces to the current trailing take-profit level, at which point the position is closed by the broker. For position sizing, the EA does not calculate or modify lot sizes, only adjusting the take-profit parameter of existing orders. In terms of money management, the EA indirectly protects capital by trailing take-profit, but it does not implement risk control logic such as stop-loss placement or position sizing ratios. Users must ensure that existing positions have reasonable stop-losses configured independently.