• 概述
  • 评论 (3)
  • 评论 (3)

Auto Trailing Stop By TP Percent with Profit Lock

Automatic Trailing Stop Based on Take Profit Percentage with Profit Lock EA MT4

 

Lock in your profits and "let your winners run" past your 100% take profit target with this EA. 

This Expert Advisor automatically adjusts your Stop Loss based on up to 4 user-defined Take Profit Target Percentages, locking in your profit.  If price pushes past your 100% take profit target, the EA will automatically trail the price by user-defined pips, so you won't miss that runaway train again.  

EA Features

  • The EA can be used on multiple, multi-direction trades on the same asset by attaching itself to specific trades based on order/ticket number.  (Just attach the EA to a new chart for each trade and input the correct order number).
  • Stop Loss automatically adjusts to previous take profit target
  • Stop Loss activates Trailing By Points feature to lock in extra profits on trades that go past your initial 100% take profit target

How this EA works (do this after executing a trade):

1. User defines an initial take profit target and initial stop loss in points (Note:  You must use POINTS, NOT PIPS here).

2. User defines 4 take profit percent targets.  

For example:

TP1 = 25% (of total initial take profit target)
TP2 = 50% (of total initial take profit target)
TP3 = 75% (of total initial take profit target)
TP4 = 100% (of total initial take profit target)

3.  User defines the Stop Loss percent steps.

For example:

When TP1 (25%) is hit, SL adjusted to 12.5% (of total initial take profit target).
When TP2 (50%) is hit, SL is adjusted to 25% (of total initial take profit target).
When TP3 (75%) is hit, SL is adjusted to 50% (of total initial take profit target).
When TP4 (100% is hit, SL is adjusted to 85% (of total initial take profit target)

*** When TP4 (100%) is hit, the "Trail By Points" feature is also activated, following the trade indefinitely by user-defined points.***


This EA will allow you to lock in your profits while also allowing you to capitalize on trades that push way past your original target!


EA Input Parameters

  • Ticket Number:  The specific order/ticket number of your trade.  
  • Take profit in Points : Set your initial take profit in points (very important to use points here, not pips)
  • Stop-Loss in Points : Set your initial stop loss in points (very important to use points here, not pips)
  • TP1 - TP4 Percents : Split up your initial Take Profit into percentages at which you want the EA to step up the Stop Loss (default is 25%, 50%, 75%, 100%)
  • SL1 - SL4 Percents : Set the percentages at which you want your Stop Loss to adjust when hitting corresponding Take Profit Targets

***For example, when TP1 25% is hit, EA moves SL to 12.5% (SL1);  when TP2 50% is hit, EA moves SL to 25% (SL2), and so on***


  • Trail By Points : When 100% take profit is hit, set how much EA should trail by.  If price continues in a favorable direction, the EA will continue to lock in profits.  (Important to use points here, not pips)
  • Color and Style Options : Adjust to your liking.
StopYourself16
19
StopYourself16 2020.02.16 03:37 
 

Easy to use. After I entered the trade, I set up the take profit and stop loss pips value. So far I have left the TP percentages at default and I have been happy with how it works. No matter what, you always need a good trade set-up to start, but once you enter a good trade and reach that first TP level, I agree that it feels good to not worry about it anymore while knowing that the EA will protect your profit. This really is a hidden gem in the marketplace here.

scottynm5
19
scottynm5 2020.02.13 03:43 
 

Might not be the prettiest looking EA but it does the job as described. Highly recommended.

bobbyaxxe
19
bobbyaxxe 2020.01.19 19:14 
 

Glad to be the first review of this one. I've been looking for something like this for a long time, where the stop loss will adjust based on my take profit levels. I use the Martin Momentum Strategy (MMS) and this EA automates that whole strategy (splitting your take profits into 4 levels and then having the stop loss adjust each time one is hit). This one works exactly as advertised! Simple design, simple set up, and it works. After I set it up, I was able to sit back and let the EA do its job without staring at the chart or manually adjusting my stop loss. If you are like me and tired of having to manually adjust stop losses or if you have multiple take profit targets and want to secure your profits, then I recommend this EA. It was able to adjust my stop loss as each profit target was met. I have not seen the trailing take profit kick in once my 100% target was reached yet, but that's just because I haven't had a trade that has met my 100% target yet and that's on me. Can't wait until I catch a big trade and then let this EA trail it to the moon!