Trailing Only with Close All Button
This EA is a trade management utility that applies a trailing stop to existing open positions and provides a Close All button on the chart to instantly close all open orders. It does not open any trades on its own; it only manages already-opened positions by modifying their stop loss levels as price moves favorably.
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
The strategy concept of this EA is trailing stop management, with no entry signals or order opening logic involved. Regarding entry conditions, the EA does not generate any entry signals and relies entirely on the user or another EA to open positions manually. For exit conditions, it implements a trailing stop mechanism: when price moves favorably beyond a specified number of points, the stop loss is moved to breakeven or a profit level, and if price retraces to hit the trailing stop, the position is closed. In terms of position sizing, the EA does not involve any lot size calculation or position opening decisions. For money management, it only protects existing profits and limits drawdown through the trailing stop, while the Close All button provides an emergency full-liquidation function as a risk control measure. Overall, this is a purely position management utility with core functions of trailing stop and one-click close all.
Strengths
- Provides a one-click Close All button for emergency liquidation of all positions
- Automates trailing stop management without requiring manual monitoring of each position
- Pure utility that does not open new positions, adding no additional risk exposure
Weaknesses
- Lacks advanced trailing options such as step-trailing or ATR-based dynamic trailing stops
- No position filtering capability; the Close All button cannot selectively close positions by symbol or direction
- Missing a graphical dashboard to display current trailing stop status and profit info for each position
Possible improvements
- Add ATR-based dynamic trailing stop option so the trailing distance adapts to market volatility changes
- Add position filtering functionality allowing users to selectively close positions by symbol, direction, or magic number
Risk assessment
Overall risk: Safe
- Close All button has no confirmation dialog; accidental clicks could unexpectedly close all positions
- Trailing stop parameters set too small may trigger stops frequently during high volatility
Evaluation scores
Parameters
| Parameter | Default | Description |
|---|---|---|
TrailingStop | 30 | Trailing stop activation distance in points |
TrailingStep | 5 | Trailing step in points |
Similar Utility EAs
Backtests are historical simulations and do not guarantee future results. Not financial advice.