Trailing Stop EA

Hi All,

I'm currently using a Trade Management EA which automatically triggers using the above input options/parameters - BUT what I want is to shorten the Trail Distance at every successful Trail Step. The pitfall of this current EA is that when a trade is successful - you are stuck at a single and large Trail Distance which can lose potential profits.

Here is a hypothetical scenario for a new EA:

Take Profit = 1200      { If 0 = Off }

Stop Loss = 220

Allow Trailing Stop = YES

Trailing Trigger = 100

Step 1 Trailing Distance = 220

Step 2 Trailing Distance = 170

Step 3 Trailing Distance = 120

Step 4 Trailing Distance =  70

Step 5 Trailing Distance = 20

Trailing Step = 100

Applicable Magic Number = 0

What you can see from the above scenario is as the trade wins - the Trailing Stop Loss would cover any potential large loss, then begin to tighten as it follows every successful 100 pip step until the Trailing Stop Loss is hit, or the Take Profit is hit, or of course the trade is closed Manually by the User.

Now, some additional caveats to this new EA is:

1) User may choose to only use 3 of the 5 available "Step X Trailing Distance" entries - therefore Step 4 and 5 are null/void and turned off (disregarded)

2) User may amend SL when Trailing Trigger has NOT been triggered yet, thereafter - the EA will overwrite any changes made to SL and continue to manage trades according to its' settings

3) The EA can manage multiple trades opened on the same chart/symbol  (via Applicable Magic Number)

4) The EA only manages trades on the chart/symbol that it is set to  (via Applicable Magic Number)

5) The name for this new EA will be "AirSpace AutoStop MT4", and "AirSpace AutoStop MT5" respectively

6) Job Description is for both an MT4 version of EA, and an MT5 version of EA

7) EA is fully tested by selected developer

Does this makes sense? I believe that there is merit in such an EA, and there is opportunity for us if successfully made.

I look forward to hearing from you.

Cheers,

M.