simple EA to emulate advanced order types for basic risk management?

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I tried searching for this but couldn't find it here. So I thought I'll try asking.


Is there an EA for managing open positions to reduce risks? Something that does conditional stop adjustments. Like a smart trailing stop.


Thanks!

 

Just found TradeProtector EA. This might be it. But more suggestion is appreciated for comparison.


https://www.mql5.com/en/code/9248

 

There is also swiss army EA

 
WHRoeder:

There is also swiss army EA

ah thanks! That one looks good too.

 
Quantisan.com:

I tried searching for this but couldn't find it here. So I thought I'll try asking.


Is there an EA for managing open positions to reduce risks? Something that does conditional stop adjustments. Like a smart trailing stop.


Thanks!

That is potentially dangerous... I would integrate any such logic into the EA that opens the positions. Having a 2nd EA try to alter the positions of another EA is a bad idea.

 
gordon:

That is potentially dangerous... I would integrate any such logic into the EA that opens the positions. Having a 2nd EA try to alter the positions of another EA is a bad idea.

Good point. I do manual trading anyway. This is just to manage my overnight positions.

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