TP SL Trailing
This EA is a trailing stop utility that manages existing positions by dynamically adjusting stop loss and take profit levels based on configurable trailing parameters. It does not open its own trades but instead monitors and modifies open positions to protect profits and limit losses. The tool provides automated trailing stop and take profit management for manual or other EA-placed orders.
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 utility-type assistant program that does not possess its own trade entry strategy. Its core function is to execute trailing stop and trailing take profit operations on existing positions, moving the stop loss to lock in floating profits when price moves favorably. Exit conditions rely entirely on trailing stop and take profit triggers, with no independent signal generation logic. Regarding position sizing, the tool does not involve lot size calculation for new entries and only modifies stop loss and take profit of existing positions. Money management depends on user-configured trailing parameters such as trailing distance and activation thresholds. Overall, this tool is a purely auxiliary position manager that must be combined with other trading strategies to be effective.
Strengths
- Automates trailing stop and take profit management, reducing manual monitoring burden
- Flexible configurable parameters adapt to different trading styles and instruments
- Works as an auxiliary tool compatible with any trading strategy
- Effectively locks in floating profits and prevents profit givebacks
- Supports magic number filtering to avoid interfering with other EA positions
Weaknesses
- Does not open trades independently, fully dependent on external signals or other EAs for entry
- Improper parameter settings may cause stops too tight getting stopped out by false breakouts or too loose losing protection effectiveness
- Lacks advanced trailing modes such as step-based trailing or indicator-based dynamic trailing
- Trailing stops may trigger frequently during volatile market conditions, increasing slippage costs
- No visual interface to display current trailing status and position information
Possible improvements
- Add ATR-based dynamic trailing stop mode to make trailing distance adapt to market volatility
- Add a graphical panel to display current trailing status and stop loss/take profit levels for open positions
- Implement stepped trailing functionality using different trailing parameters at various profit stages
Risk assessment
Overall risk: Safe
- Trailing function is inactive when parameters are set to zero, potentially leaving positions unprotected
- High-frequency stop modifications may fail during extreme market conditions due to network latency
Evaluation scores
Parameters
| Parameter | Default | Description |
|---|---|---|
TrailingStop | 0 | Enable trailing stop |
TrailingStep | 0 | Trailing stop step size in points |
TrailingStart | 0 | Trailing stop activation in points |
TakeProfit | 0 | Take profit in points |
StopLoss | 0 | Stop loss in points |
MagicNumber | 0 | EA unique ID to distinguish orders across instances |
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Backtests are historical simulations and do not guarantee future results. Not financial advice.