Free MT4 EA: Pure 1R Step-Manager (Math-Based Trailing)
I've removed the attached archive. If you'd like to share the EA (open source), please upload it to codebase.
Sunny Dhangrali:
Just make sure to check the "Read First" PDF inside for a quick 60-second setup overview.
Just make sure to check the "Read First" PDF inside for a quick 60-second setup overview.
Instead of a PDF file, place the overview in the codebase publication description.
[edit]
By the way, I didn't look at that PDF file (I didn't open the archive either). If it contains advertising, you can't post ads on the forum or in Codebase.
I banned you because you created 5 duplicates of this topic (that's spam). I unbanned you (after a few minutes). I hope you won't spam.
By the way, you most likely don't have enough rating to make a codebase publication. You can publish your EA on the forum (here, or create a new topic), but attach only the .mq4 file - not the archive, without .ex4 and without .pdf files. Instead of the PDF file, include a description in the text of your comment.
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Hey everyone,
I got tired of MT4’s default trailing stop. Trailing by a fixed amount of pips makes no sense when volatility changes every session, so I had a custom EA built to trail strictly by R-multiples.
It is completely plug-and-play with zero inputs.
How the logic works: It looks at the distance between your Entry and your initial Stop Loss to figure out exactly what "1R" is.
Once price hits +1R in profit, the EA instantly snaps your SL to break-even.
Once price hits +2R, it locks in +1R profit.
It just keeps stepping up infinitely by whole R-multiples until the trend dies and the market clips your stop.
Maximum drawdown from any peak is always 1R. Potential upside is mathematically uncapped.
Requirements:
You MUST set a manual Stop Loss when entering a trade so the EA can calculate the initial risk distance.
Auto-Trading must be enabled in MT4.
I’m sharing the full suite for free. I packaged the .ex4 file along with the Black-Box Excel Tracking Dashboard I use to log my net R.
You can download the complete ZIP file directly from the attachments below. Just make sure to check the "Read First" PDF inside for a quick 60-second setup overview. Enjoy!