Account Trailing Stop Manager MT5
- Utilitys
- Biswarup Banerjee
- Version: 2.0
Account Trailing Stop Manager MT5
Description:
The "Account Trailing Stop Manager MT5" EA is designed to automatically calculate and remember the profit of the entire account or specific magic number, and trail it like a trailing stop loss. When the current profit becomes lower than the last saved profit, it will close all trades. This EA provides a convenient way to manage trailing stops for your account.
For detailed documentation Overall Settings/Input Guide
High Level Overview of Features
Category | Setting | Description | |
---|---|---|---|
| Enable Magic Number | Controls EA behaviour based on a unique identifier. | |
Magic Number | Unique EA identifier for conditional checks. | ||
Account Trailing-Stop Settings | Account Trailing Start | The profit amount required to activate the trailing stop. | |
Account Trailing Distance | The profit amount to trail the price by. | ||
Account Trailing Increment | The profit amount increment for the trailing stop loss. |
Please note that these settings can be customized based on your trading preferences and risk management strategy.
Important Note:
Before using this EA, it is recommended to thoroughly test it in a demo account to ensure it meets your requirements and functions as expected.
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