SLTrailingATR
- Experts
- Version: 1.5
🧠 Overview
SLTrailingATR is a professional risk management Expert Advisor that automatically manages Stop Loss for your existing positions using M1 timeframe ATR.
It will:
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Set an initial Stop Loss automatically
-
Trail Stop Loss as the trade moves in your favor
-
Never move Stop Loss against your position
❗ This EA does NOT open trades.
It works perfectly with manual trading, signal services, and any other Expert Advisor.
⚙️ Key Features
| Feature | Description |
|---|---|
| Initial SL | Automatically sets Stop Loss if missing |
| ATR Trailing SL | Continuously trails SL based on M1 ATR |
| Profit Protection | SL only moves in the profitable direction |
| Multi-Symbol Support | Each position uses its own symbol’s M1 ATR |
| Universal Compatibility | Works with any EA or manual trading |
🧩 How It Works
🟢 Initial Stop Loss
If a position has no Stop Loss:
SL = Entry Price ± ( M1 ATR × ATR Multiplier )
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Buy → SL below entry price
-
Sell → SL above entry price
🔵 Trailing Stop Loss
As price moves in your favor:
SL = Current Price ± ( M1 ATR × ATR Multiplier )
The Stop Loss is only updated if it improves your profit protection.
🛠 Input Parameters
| Parameter | Description |
|---|---|
| Magic Number | Target Magic Number (0 = all positions) |
| ATR Period | ATR period on M1 timeframe |
| ATR Multiplier | Distance multiplier for SL |
| Use Initial SL | Enable automatic initial SL |
| Use Trailing SL | Enable ATR trailing |
| Print Log | Enable logging |
🧪 How to Use
1️⃣ Attach the EA to any chart
2️⃣ Open trades manually or with another EA
3️⃣ SLTrailingATR will manage Stop Loss automatically
💡 The chart symbol does not matter —
all open positions are handled automatically
🧯 Important Notes
-
Make sure M1 price history is fully loaded
→ Open an M1 chart once before trading -
Broker minimum stop distance rules are respected
-
Only market positions are supported
🏆 Recommended Settings
| Trading Style | ATR Period | ATR Multiplier |
|---|---|---|
| Day Trading | 14 | 1.5–2.0 |
| Swing Trading | 14 | 2.0–3.0 |
| Scalping | 7–10 | 1.0–1.5 |
🧬 Ideal For
✔ Traders with their own entry strategy
✔ Traders who want better risk control
✔ Hybrid manual + EA trading
✔ Multi-EA portfolio management
🧾 Disclaimer
This EA is a risk management tool.
All trading decisions and results are the responsibility of the user.
