Pending Order Trailing Et
- Utilità
- Versione: 1.1
Pending Stop Order Trailing Et - is a utility for automatic trailing of pending orders (Buy Stop and Sell Stop) in MetaTrader 5.
It dynamically adjusts pending order prices following the market until activation, helping to achieve better entry levels and reduce poor entries.
The tool is designed for both manual and semi-automated trading workflows.
STANDALONE & INTEGRATION
The utility works fully in standalone mode and performs its core trailing function on any symbol without additional tools.
At the same time, it can be used together with the Candle Volatility ET Classifier to enhance its behavior and adapt trailing logic to current market conditions.
This allows both simple usage and advanced adaptive scenarios.
HOW IT WORKS
• Buy Stop moves down following the price
• Sell Stop moves up following the price
• orders follow the market until activation
• entry occurs at improved price levels
Trailing works only in the direction of price movement and never moves orders backward.
INPUT PARAMETERS
• Trailing Offset (points) — distance from price
• ET Filter Settings — adaptive trailing configuration
FEATURES
• Trailing pending orders (Buy Stop / Sell Stop)
• One-directional movement (no backward shifts)
• Anti-noise protection (minimum move filter)
• Controlled modification frequency (cooldown)
• Stop Level and Freeze Level protection
• Stable broker-friendly behavior
ADAPTIVE TRAILING (ET)
Supports integration with Candle Volatility ET Classifier.
Candle Classification (ET)
This utility can work both independently and in conjunction with the indicator.
Candle Volatility ET Classifier (free).
ET classification is a system that divides candles by size (volatility).
You set the ranges, and the candles are divided into classes:
• Noise – market noise (ignored)
• S — small candles
• M — medium
• L — large
• XL — extreme
Pending Stop Order Trailing Et
Trailing offset automatically adjusts based on candle volatility class:
• Noise — minimal offset
• Small — moderate
• Medium — extended
• Large — wide
• XL — maximum
This provides adaptive behavior based on market conditions.
HOW TO USE
1. Place a Buy Stop or Sell Stop order
2. Attach the utility to the chart
3. The order will trail automatically
4. Wait for activation
USE CASES
• breakout trading
• pending order strategies
• semi-automated trading
• entry optimization
• order management
RECOMMENDATIONS
• adjust offset according to your instrument
• consider broker limitations
• test on demo before live trading
If you are a beginner, start with the easy mode.
Advanced features provide more capabilities, but require an understanding of the logic.
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Custom versions available upon request (paid service)
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Author profile: [juravvlik]
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