Trailing Only with Close All Button v2.1
This EA is a trailing stop management utility that applies trailing stop logic to existing open positions without opening new trades itself. It also provides a 'Close All' button on the chart for one-click liquidation of all open positions. The tool is designed for semi-automated trade management rather than autonomous trading.
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 not an autonomous trading strategy but a position management utility. Its core function is applying a trailing stop to existing open positions, automatically moving the stop-loss level in the favorable direction to lock in floating profits as price advances. For entry conditions, the EA does not open trades itself; it only manages positions opened manually by the trader or by other EAs. For exit conditions, positions close when the trailing stop is hit, or the trader can use the 'Close All' button to liquidate all positions instantly. Position sizing is not handled by this tool, as it only adjusts stop-loss levels on existing positions. Money management is supported indirectly through the trailing stop mechanism, which helps lock in profits and control drawdown, though the trailing distance parameter must be set judiciously by the trader. Overall, this is an assistive tool that depends on the trader's own judgment for entries, while the EA handles profit protection and emergency closure.
Strengths
- Trailing stop function automatically locks in floating profits, reducing the need for constant manual monitoring
- The Close All button provides emergency exit capability for rapid liquidation during volatile market conditions
- As a pure management tool that does not open its own positions, it avoids unintended exposure risk
- Compatible with other trading EAs or manual strategies, offering high flexibility
Weaknesses
- As a utility it provides no entry signals, fully depending on the trader's own judgment to open positions
- Improper trailing stop parameter settings may lead to premature stop-outs or insufficient profit room
- Lacks differentiated trailing stop management for positions across multiple symbols or strategies
- Does not provide visual feedback or logging for stop-loss adjustments
Possible improvements
- Add per-symbol or per-magic-number trailing stop configuration to support parallel management of multiple strategies
- Add visual lines on chart and operation logs for trailing stop adjustments to improve transparency and traceability
Risk assessment
Overall risk: Safe
- Overly tight trailing stop parameters may cause frequent premature stop-outs from market noise
- The Close All button lacks a confirmation dialog, posing a risk of accidental execution
Evaluation scores
Parameters
| Parameter | Default | Description |
|---|---|---|
TrailingStop | N/A | Trailing stop distance in points |
TrailingStep | N/A | Minimum trailing stop adjustment step in points |
CloseAllButton | true | Whether to display close-all button on chart |
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Backtests are historical simulations and do not guarantee future results. Not financial advice.