Trailing stop manager mt4 version
- Utilities
- Version: 1.20
Trailing Stop Manager with Break Even is a MetaTrader 4 utility that moves your stop loss automatically to protect profit as price advances. Unlike the platform's single-mode trailing stop, it offers four professional methods plus break-even handling, and it manages all matching positions on any symbol.
Features
- Four trailing modes for different conditions: Fixed Pips, ATR-based, Step, and Break-even plus Trail (two-phase).
- Fixed Pips: classic trail that starts after a set profit and follows at a fixed distance.
- ATR-based: trail distance widens in volatile markets and tightens in calm ones, useful for Gold, indices and news.
- Step: advances the stop in discrete steps to ride through normal pullbacks.
- Break-even plus Trail: first locks a small guaranteed profit at break-even, then begins trailing after a larger profit threshold.
- Works on all symbols and manages every matching position from one chart.
Inputs
- Trailing Mode: Fixed Pips, ATR, Step, or Break-even plus Trail.
- Fixed Pips: TrailStartPips (20), TrailDistancePips (15).
- ATR: ATR_Period (14), ATR_Multiplier (1.5).
- Step: StepSize (20), StepDistance (15).
- Break-even plus Trail: BE_TriggerPips (15), BE_LockPips (2), BE_TrailStartPips (30), BE_TrailDistancePips (15).
- Optional symbol and magic-number filters.
Outputs
- Automatic stop-loss modifications on managed positions as price moves in your favor.
Alerts
Optional alerts can be sent as a screen popup, sound, push notification and email when the stop is moved to break-even or trailed.
Limitations
A trailing stop protects profit but can also close a trade early on a normal pullback; choose the mode and distances to fit the market. Stop modifications are subject to your broker's minimum stop distance and execution. It manages stops only; it does not open trades.
Full guide with per-mode parameters: see the Comments section.
