Trailing SL Bot
- Утилиты
- Vishnu Bajpai
- Версия: 1.0
Trailing SL Bot — Smart and Automated Trading Risk Manager
Trailing SL Bot is a powerful MetaTrader 5 Expert Advisor designed to maximize your trading efficiency by automating essential risk management tasks with precision.
Key Features:
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Automatic Stop Loss (SL) and Take Profit (TP) Management:
The bot intelligently sets SL and TP levels on any newly filled position, ensuring your trades are protected right from the start without manual intervention. -
Dynamic Trailing Stop Loss:
Once your position moves into profit beyond a specified threshold, the bot trails the SL automatically, locking in profits and protecting your capital from sudden market reversals. -
Comprehensive Customization:
Easily configure SL distance, TP distance, trail start trigger, and trailing stop distance in points to match your trading strategy and risk appetite. -
Symbol-Specific Precision:
Works seamlessly on any symbol/chart the EA is attached to, adapting the trailing and SL/TP settings accordingly. -
Reliable and Lightweight:
Designed for low resource usage to ensure smooth and stable operation even with multiple positions and charts.
What this bot can do for you:
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Automate critical trade management that is tedious and error-prone when done manually.
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Improve your trade outcomes by enforcing disciplined risk management rules.
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Protect your gains by trailing stop loss with perfect timing and precision.
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Save you time so you can focus on strategy development and analysis.
User-Configurable Parameters:
| Parameter | Description | Default Value |
|---|---|---|
| InitialSLPoints | Stop Loss distance in points from open price | 200 |
| InitialTPPoints | Take Profit distance in points from open price | 400 |
| TrailTriggerPoints | Profit distance in points before trailing SL activates | 300 |
| TrailStopPoints | Distance in points for trailing stop loss from price | 200 |
| AutoTradeForTest | Enable auto trade opening for strategy tester debugging | false |
How to Calculate Points for Each Symbol or Pair:
The EA uses points to set SL, TP, and trailing distances. A point is the smallest price change unit for the instrument.
To convert your desired dollar risk or reward into points:
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Find the value of 1 point for the symbol:
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Use SymbolInfoDouble(_Symbol, SYMBOL_TRADE_TICK_VALUE) to get the dollar value per tick.
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Use SymbolInfoDouble(_Symbol, SYMBOL_TRADE_TICK_SIZE) to get the tick size in price units.
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Calculate points value:
Value per point = Tick value Tick size
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Convert dollar risk/reward to points:
Points = Dollar amount Value per point × Lot size -
Example for 0.05 lot EURUSD:
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Tick size = 0.0001, Tick value = $0.10
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Value per point = $0.10 / 0.0001 = $1000 (theoretically, but you should use actual tick values)
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More simply, 1 pip (10 points) ≈ $0.50 for 0.05 lot EURUSD
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For $10 risk: points = 10 / 0.50 = 20 pips or 200 points
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Input these calculated points in the EA parameters for precise risk and profit management tailored to your trading style and instrument.
Suggested Starting Points for Popular Instruments (0.05 Lot):
| Symbol | Initial SL (Points) | Initial TP (Points) | Trail Trigger (Points) | Trail Stop (Points) |
|---|---|---|---|---|
| EURUSD | 200 | 400 | 300 | 200 |
| XAUUSD | 400 | 800 | 400 | 200 |
Trailing SL Bot is your trusted assistant to maintain discipline, reduce emotional trading mistakes, and maximize returns using smart automation.
Attach EA with recommended settings on popular pairs set limit orders on high and low of timeframe of your choice and let the magic unfold
