A Step‑by‑Step User Guide - Smart Trailing Stop Manager
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A Step‑by‑Step User Guide - Smart Trailing Stop Manager

8 July 2025, 09:43
The Hung Ngo
The Hung Ngo
0
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Platform: MetaTrader 5 (MT5), Metatrader 4 (MT4)
Type: Utility (does not open trades)
Author: The Hung Ngo

🔗 Official Product Links:

• Smart Trailing Stop Manager for MT5 

• Smart Trailing Stop Manager for MT4

🚀 Overview

Smart Trailing Stop Manager is a utility tool for MetaTrader 5 that helps you manage open positions automatically.
It offers a wide range of trailing stop strategies, break-even logic, auto stop loss, and partial close — all in a flexible and intuitive dashboard.

This tool is ideal for:

  • Manual traders

  • Copy/signal followers

  • EA users needing better SL/TP management

🛠 This utility does not open any trades. It only manages existing open positions based on your configuration.

✅ How to Install

  1. Download .ex5 (.ex4) file from MQL5 Market or trusted source.

  2. Place it in:
    MetaTrader 5 (MetaTrader 4) → File → Open Data Folder → MQL5 (MQL4) → Experts

  3. Restart MT5

  4. Open any chart

  5. Drag the utility onto the chart from Navigator (Ctrl+N)

  6. Enable AutoTrading (Algo Trading must be ON)

🧠 Symbol Filter

  • Use Symbol Filter – Enable this to manage only specific symbols.

  • Selected Symbols – List of allowed symbols (comma-separated, e.g., EURUSD,XAUUSD )

💡 Leave filter off to apply settings to all open positions.

🛡 Auto Stop Loss

Automatically adds a stop loss to trades that were opened without one.

  • Use Auto SL – Enable this function

  • Auto SL (pips) – Fixed SL distance to be applied in pips

🧠 This helps prevent unprotected positions and is highly recommended.

⚖️ Break-Even Settings

Automatically moves SL to entry price + offset when your position is in profit.

  • Enable Break Even – Turns on break-even logic

  • Trigger (pips) – When this many pips are in profit, break-even is triggered

  • Offset (pips) – SL will move to entry price + this offset

📌 Helps you secure profits early while still letting the trade breathe.

💰 Partial Close

Secure profits gradually by closing part of the position at defined pip levels.

  • Enable Partial Close

  • Trigger (pips) – How many pips profit before executing partial close

  • Volume (%) – How much volume (in percent) to close

🔍 Only executes once per trade and ensures minimum broker volume is respected.

🔄 Trailing Stop Modes

Enable trailing SL that adapts to market price as it moves.

  • Enable Trailing – Main switch

  • Mode – Choose one of the following trailing types:

Available Modes:

Mode Description (User-level)
Risk-Reward % Moves SL based on your initial risk, trailing profit as R:R improves
ATR-based SL moves based on volatility (ATR indicator)
Fixed Step SL moves by fixed pip intervals
Swing High/Low SL trails behind recent price highs/lows
Moving Average SL follows distance behind a moving average
Parabolic SAR SL follows SAR indicator with defined offset
Fibonacci Level SL placed relative to swing retracement zones

⚙️ Each mode has specific settings that appear automatically when selected.

🔢 Magic Number

Control which orders are managed:

  • Magic = 0 → All manual and EA orders

  • Magic > 0 → Only orders with that exact Magic Number

📊 Dashboard Panel

If enabled, you’ll see a clean panel at the bottom-left of the chart showing:

  • Which functions are active

  • Their current parameters

  • Magic Number info

  • Symbol and mode status

You can enable or disable this with Show Dashboard = true/false .

🎓 Recommended Setup

For signal followers:

  • Symbol Filter = OFF

  • Auto SL = ON (50 pips)

  • Trailing = ON (ATR or Swing Mode)

  • Break Even = ON (Trigger: 20 pips, Offset: 5)

  • Partial Close = ON (Trigger: 30 pips, Volume: 50%)

For prop firm traders:

  • Symbol Filter = ON (select only assets allowed by rules)

  • Auto SL = ON

  • Trailing = Risk:Reward or MA Mode

  • Partial Close = OFF

  • Break Even = ON

📥 Download Demo Version (Test on Real Demo Accounts)

The Market demo can only run in Strategy Tester mode.

📥 Demo version for real-time testing is attached below.

✔️ Only works on demo accounts.

❌ Not usable on live trading accounts.

📌 Notes

  • No DLLs or external connections used. Safe for VPS.

  • Compatible with all brokers.

  • Not designed to run on multiple charts at once — attach to one chart only.

  • Does not interfere with other EAs unless MagicNumber is shared.

💬 Support

Use the MQL5 comments section or private messages for support.

Please do not request external links or contact outside the MQL5 platform.

⚠️ Disclaimer

Trading is risky. This utility helps manage trades but does not guarantee profit.
Test thoroughly on demo before using on live accounts.

🏁 Get Started

Attach it to a chart, configure your logic, and let Smart Trailing Stop Manager do the rest.

→ Take control of your exits today.