Limit Order Trailing Et
- Utilità
- Versione: 1.1
Limit Order Trailing Et — is a utility for trailing limit orders (Buy Limit and Sell Limit) in MetaTrader 5.
It automatically adjusts limit order prices following the market while maintaining a defined offset, allowing entries on pullbacks after price movement.
This tool is designed for working with limit orders in MT5 and can be used in both manual trading and semi-automated trading systems.
Unlike stop orders, limit orders are designed for price retracements (pullbacks) rather than breakouts.
This logic goes beyond simple trailing — the order follows price and prepares for pullback entries, effectively capturing retracements after market movement.
HOW IT WORKS
• Buy Limit follows the price from below and moves up as price rises
• Sell Limit follows the price from above and moves down as price falls
• the limit order maintains a fixed distance (offset) from price
• entry occurs on pullback
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 — trailing behavior control
FEATURES
• Trailing limit orders (Buy Limit / Sell Limit)
• Works with pending limit orders
• One-directional movement (no backward shifts)
• Anti-noise protection (minimum move filter)
• Controlled modification frequency (cooldown)
• Stop Level and Freeze Level validation
• Stable broker-friendly behavior
STANDALONE & INTEGRATION
The utility works fully in standalone mode and performs limit order trailing on any symbol without additional indicators.
When used with the Candle Volatility ET Classifier, it allows control over trailing behavior based on candle class.
CVET INTEGRATION
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
Limit Order Trailing Et
Allows:
• enabling trailing for selected volatility classes
• disabling trailing in high volatility
• filtering market conditions
This provides additional control over trailing logic.
HOW TO USE
1. Place a Buy Limit or Sell Limit order
2. Attach the utility to the MT5 chart
3. The order will trail automatically
4. Wait for pullback and activation
USE CASES
• pullback trading
• limit order strategies
• semi-automated trading
• entry optimization
• order management systems
RECOMMENDATIONS
• adjust offset based on instrument volatility
• 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.
Follow for updates, new tools, and usage ideas
Telegram: cvet_system
Custom versions available upon request (paid service).
If you found this tool useful, please don't forget to leave a review.
Author profile: [juravvlik]
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