Trailing Stop Master
It Advisor is a utility that automatically puts Sell Stop and Take Profit at each new position on each currency pair at which the Advisor is enabled. Exceptionally useful tool for those traders, who at the same time a lot of positions, as well as for new traders, who do not know where to set the Sell Stop and Take Profit. Also, the utility automatically tightens the stop-loss if the position goes to plus, and if the price dramatically unfold, your position will be closed with a plus.
expert Benefits “Trailing Stop Master“:
- This EA will be extremely useful for both novice and experienced trader;
- This is the fastest and easiest software to install and manage the take-profit and stop-loss;
- This is your insurance, in case the price will turn around and go against you;
- He is always watching the price moves and stop loss towards your position;
- Close your order in profits (provided that the level was reached at the points specified when installing trailing stop), if the price goes against our positions;
- Exhibiting a standard take-profit and stop-loss takes time, Trailing Stop Master It includes them automatically;
- If you use pending orders, the standard stop-loss and take-profit can be added only after the pending order will be executed. Trailing Stop Master It is automatically set to the Stop Loss and Take Profit after its execution;
- In order to constantly manually trail the stop loss at the charts, you need a lot of time, and “Trailing Stop Master” tightens them for you at all the graphs, which included;
- It works perfectly on all time frames and currency pairs;
- Easy to use.
- TakeProfit (default = 40) – the value of the take-profit points in which the adviser will be automatically put on this chart;
- StopLoss (default = 40) – the value of the stop-loss points to which the adviser will be automatically put on this chart;
- TrailingStop (default = 30) – the distance in points which will be pulled up to the stop-loss position which is in the black, in the event of a reversal of price, your position is closed in positive territory;
- BuyColor (default = CornflowerBlue) – it is a point which will be located on the line take-profit and stop-loss on the positions that open up (ie buy) in order to let you know where you have changed the position of the chart, and where change adviser;
- SellColor (default = Red) – it is a point which will be located on the line take-profit and stop-loss on the positions that are open downward (ie, sell) in order to let you know where you have changed the position of the chart, and where change adviser.
What “Trailing Stop “ (Trailing Stop)? As soon as the open position profit exceeds the Trailing Stop value, the server will go about placing an order Stop Loss order at the distance value of Trailing Stop from the current price.
- Different strategies (scalping or trading out of the day) need different value of the take-profit and stop-loss, need for scalping small matter for a long trade (D1, W1, WN) need a lot of value.
- On different currency pairs is not always a good fit values of the standard automatic take profit, stop loss and trailing stop on the advisor, when you install a new currency pair of the adviser, display the desired options in its settings, the default settings are exhibited by a pair of “the EURUSD” and ” USDJPY “.
- This expert can be used simultaneously on different currency pairs and different timeframes, it is enough just to open the required number of identical windows of the currency pair and enable them this EA;
- Do not place a take-profit are too close to the current price, or you might receive less income due to the early closing of the position (standard 40 can be more depending on your trading strategies).
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