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MZ Smart Trail Manager - Break-even, Stepped Trailing Stop and Profit Lock - expert for MetaTrader 5
Mazin Haqi Ismail Ismail
MQL5 developer specializing in Expert Advisors for XAUUSD (Gold) and Forex.
Services:
- Custom EAs built from your strategy
- Breakout, trend-following, hedge and grid systems
- Trailing stop, break-even and risk management modules
- Bug fixing and optimization of existing EAs
Services:
- Custom EAs built from your strategy
- Breakout, trend-following, hedge and grid systems
- Trailing stop, break-even and risk management modules
- Bug fixing and optimization of existing EAs
- Views:
- 14
- Published:
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MZ Smart Trail Manager does not open trades. It only manages the stop loss of positions that are already open - your manual trades or the trades of any other Expert Advisor.
Three protection layers (each can be switched on or off):
1. Break-even
When the price moves a set distance in your favour, the stop jumps to the entry price plus a small offset, so a reversal costs almost nothing.
2. Stepped trailing stop
After a start distance, the stop follows the best price at a fixed distance and moves only in whole steps (fewer modify requests to the broker).
3. Progressive profit lock (account currency)
The bigger the profit, the larger the share that is locked. Example: at 10 USD profit keep 40%, at 30 USD keep 60%, at 60 USD keep 75%, at 100 USD keep 85%.
The manager always uses the strongest of the three, and the stop only ever moves in your favour.
Other features:
- Filter: all positions, manual positions only, or one magic number
- Optional initial stop loss for positions opened without one
- Respects broker stop level and freeze level (no rejected modifications)
- Works on any symbol: gold, forex, indices, oil
- On-chart panel in English, Arabic or both, with a PAUSE / START button
- Shows floating profit and the profit already locked by the stop
Inputs:
By default all distances are ATR multiples (ATR M15, period 14), so the same settings work on gold, forex, indices and oil without changes. Example: break-even trigger 0.5 = half of the current ATR.
Switch "Distance units" to Price units if you prefer fixed distances (1.0 on XAUUSD = a 1 USD move, 0.0010 on EURUSD = 10 pips).
Profit-lock levels are in account currency.
Strategy Tester:
The tester has no manual trading, so in the tester only the EA opens small demo trades (input "Strategy Tester demo") to show how the stop is managed. This option never runs on a live or demo account.
How to use:
Attach the EA to the chart of the symbol you trade. Enable Algo Trading. Open trades manually or let your EA trade - the manager takes care of the stop.
Always test on a demo account first.
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