Stop Guardian
- Utilities
- Antonio Simon Del Vecchio
- Version: 1.0
Introducing Stop Guardian: Elevating Your Risk Management with Trailing Stop.
Stop Guardian is an Expert Advisor (EA) designed to enhance risk management in your trading strategies using trailing stop.
Key Features
Automated Risk Management: Automatically adjusts open positions using trailing stop to protect profits and minimize losses.
Customizable Settings: Allows you to adjust trailing stop parameters (Trailing Start and Trailing Step) according to your strategy.
Trade Identification: Uses a Magic Number to manage and adjust only specific trades.
Customizable Parameters
Magic Number (Magic): This number identifies the positions the EA will manage. You must assign the same Magic Number to the trades you want Stop Guardian to control. Note: For manually opened positions, the Magic Number is 0. Ensure to set this value to 0 if you want the EA to manage your manual trades.
Trailing Start: Defines the profit level (in points) at which the trailing stop will activate. For example, if set to 100, the trailing stop will activate once the trade has reached 100 points of profit.
Trailing Step: Sets the distance (in points) the trailing stop will follow the price once activated. If set to 80, the stop loss will adjust 80 points behind the current price as the market moves in your favor.
Benefits
Profit Protection: Keep your gains secure, even in volatile markets.
Loss Reduction: Automatically limit your losses without constant monitoring.
Strategy Optimization: Improve your results by adjusting trailing stop parameters based on your analysis.
How It Works
Automatic Initialization: The EA sets a magic number to identify the trades it will manage.
Real-Time Monitoring: On every tick, Stop Guardian reviews open positions and applies the trailing stop based on the configured parameters.
Disclaimer: Trading involves inherent risks, and results may vary. Always trade responsibly and understand the risks involved.
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