Add Break-Even and a Trailing Stop to Any EA or Manual Trade (Free Utility Guide)

Plenty of good strategies have a decent entry and no exit management at all. Falcon Trailing Stop Manager is our free utility that adds break-even and a trailing stop to positions opened by ANY EA, signal, or by hand — without touching their code.

Falcon Trailing Stop Manager (100% free, full version): https://www.mql5.com/en/market/product/182633

Falcon never opens trades. It watches the positions in scope and manages only their stop-loss:

- Break-even — once a position is a set number of pips in profit, the stop moves to entry plus a small locked offset. The trade can no longer become a loss.

- Trailing stop — three methods: fixed pips (constant distance), ATR (distance = ATR x multiplier, widens in volatile markets and tightens in quiet ones), or percent of price (scale-invariant — handy for gold and crypto where "30 pips" means something different every year).

- Step trailing — only advance the stop when it improves by at least N pips, so the terminal isn't spammed with micro-modifications.

- Initial SL/TP enforcement — optionally attach a stop to "naked" positions that have none. If you run EAs you didn't write, this is the single most useful checkbox.

Fixed pips suits instruments you know well and trade at one timeframe. ATR is the default we recommend: it adapts to the session and the instrument automatically (a 2.0-2.5 multiplier on a 14-period ATR is a sane starting zone for swing management; day traders go tighter). Percent works where pip distances are unstable — gold, indices, crypto.

By default Falcon manages the current chart symbol only, with an optional magic-number filter. Two rules keep you out of trouble: never point two stop managers at the same positions, and if your EA already trails its own stops, either filter it out by magic or don't manage it — two hands on the same stop produce nonsense.

Attach to a chart, enable AutoTrading, choose break-even trigger/offset and a trailing method. The on-chart panel lists the positions under management and their current stops. Works in the Strategy Tester, so you can watch how each method behaves on history before trusting it live.

Stops are sent to the broker, so the minimum stop distance, slippage and gaps still apply. A trailing stop protects a trend trade's open profit; it does not turn a losing strategy into a winning one.

Completely free — no locked features, no registration. If it earns a place on your charts, a short review on the product page helps us keep the free tools coming.

All our EAs and utilities: https://www.mql5.com/en/users/app.develop.sk/seller

Not investment advice. Test your settings on a demo account first.