Pivot Points Trailing Stop Helper

Pivot points are calculated based on the previous day's values ​​- according to the most common formulas on the web - and serve as an important tool for many traders, especially in day trading.

They indicate possible resistance and support where increased buyer and seller interest can be expected.

This Pivot-Points-Trailing-Stop-Helper includes my Pivot Points Collection indicator and, based on your settings, gradually moves the SL to the corresponding pivot levels as soon as the current price exceeds a higher (long position) or
lower (short position) level.
The SL can be set to the last or penultimate level - from the perspective of the current price.

If desired, a distance between the SL and the desired level can be set. This distance can be changed step by step depending on the tick size of the corresponding symbol.

Changes to the settings can only be made when the Pivot-Points-Trailing-Stop-Helper is not in "Running" mode.
Changed settings only have an effect on an SL that has already been set if it moves the SL closer in the trading direction!

If no corresponding SL can be set automatically due to the settings and the current price, the trader should set an initial SL manually!

Important: The Pivot-Points-Trailing-Stop-Helper cannot be used properly in the strategy tester because there are no entries automatically!

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Janet Abu Khalil
3.67 (3)
Telegram to MT5 Pro — Advanced Telegram Signal Copier with Auto-Fix, Multi-TP, Risk Control and Full Trade Management Telegram to MT5 Pro — Copieur de signaux Telegram professionnel Telegram to MT5 Pro est un copieur de trading haute performance qui exécute automatiquement les signaux de Telegram directement dans votre compte MetaTrader 5, avec un contrôle total du risque, de l’exécution et de la gestion des trades. Le système se compose de deux composants : • L’Expert Advisor (EA) exécuté dans
EA Auditor
Stephen J Martret
5 (2)
EA AUDITOR — EA and Signal Verification Tool for MetaTrader 5 EA Auditor is an independent analysis tool for traders evaluating Expert Advisors and trading signals on MetaTrader 5. It audits backtest reports, reviews posted developer signals, and cross-verifies the two against each other to help traders assess strategies before committing capital. The MQL5 market offers a wide range of Expert Advisors from many developers, with varying approaches, quality, and transparency. EA Auditor provides a
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This Pivot Points Indicator can be switched between the following well-known types: Standard/Classic (7 levels)  Woodie (5 levels)  Fibonacci (7 levels)  DeMark (3 levels) Pivot Points are calculated based on the previous day's values - according to the most common formulas on the web - and serve as an important tool for many traders, especially in day trading. They indicate possible resistance and support where increased buyer and seller interest can be expected. A common trading approach, for
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