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  • Reviews (1)
  • Comments (6)

Stop Guardian

5

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.


Tags: trailing stop, risk management, forex, synthetic indices, automated trading, scalping, profit protection


Reviews 1
Correcttrader FONT
313
Correcttrader FONT 2024.06.11 08:36 
 

Works perfect for me in the background. Every trade I take is now supported by a simple trailing stop. You can take trades with confident. Maybe a BE stop would be a nice addition.

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Correcttrader FONT
313
Correcttrader FONT 2024.06.11 08:36 
 

Works perfect for me in the background. Every trade I take is now supported by a simple trailing stop. You can take trades with confident. Maybe a BE stop would be a nice addition.

Antonio Simon Del Vecchio
19300
Reply from developer Antonio Simon Del Vecchio 2024.06.11 16:58
Thank you for your feedback! I'm glad the EA is working well for you. I'll look into adding a Break-Even (BE) stop in the next update. If you have more suggestions or need help, let me know. Best regards!
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