Stair Stop Manager R Steps

Stair Stop Manager remembers the initial risk of each position (R = distance between the open price and the first stop loss) and moves the stop loss in steps as the profit grows: for example, at +1R to break-even, at +2R lock +1R, at +3R lock +2R, then an optional trailing stop. The stop loss only moves in your favour. It never widens the risk, never closes a trade and never opens one.

Features

  • Three configurable steps (profit trigger and locked profit, in R) plus optional trailing.
  • Works with any EA, manual trades and any symbol (or only the chart symbol).
  • Filter by magic number, or manage all positions.
  • Positions without a stop loss are ignored (or use a default risk in pips if you choose).
  • Respects the broker's minimum stop distance and freeze level.
  • Information panel and push notification on every move.

How to use

  1. Attach it to one chart; enable algo trading.
  2. Choose which positions to manage (all, or one magic number) and set the steps. Defaults: step 1 at 1R (stop to +0.1R), step 2 at 2R (to +1R), step 3 at 3R (to +2R), trailing off.
  3. Open trades with a stop loss as usual; the manager does the rest.

Risk warning: trading involves a high risk of loss. Moving a stop loss does not guarantee a result; a stop can be hit by a spike or filled with slippage. Test it on a demo account first.

Creyes EA - free tools and honest EA testing. Profile: mql5.com/en/users/creyes_88

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