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UTrailinga universal trailing stop, made in the form of an Expert Advisor, but without its own mechanism for opening orders. It will be useful for any trader, but most of all it will appeal to those who trade manually. 

Set files and a detailed guide to the UTrailing Expert Advisor can be found in the “Discussion” section.

In the strategy tester, only demo trading is possible, by default, with market orders, and if trailing of pending orders is allowed, you can see how the Expert Advisor works with pending orders.

All the features of the universal trailing stop are used in the Taranus and Taranus LightExpert Advisors .

Set files and a detailed guide to the UTrailing Expert Advisor can be found in the “Discussion” section.

In the strategy tester, only demo trading is possible, by default, with market orders, and if trailing of pending orders is allowed, you can see how the Expert Advisor works with pending orders.

All the features of the universal trailing stop are used in the Taranus and Taranus LightExpert Advisors .

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  • 4 types: regular trailing stop, percentage trailing stop, mobile stop loss, general trailing stop;
  • 7 modes: by points, by bar extremes, by fractals, by volumes, and by ATR, Parabolic SAR, and Moving Average indicators;
  • adding stop loss and take profit to open orders;
  • stop loss by choice: by points, by ATR indicator, by daily High/Low;
  • trailing stop for all orders opened in the terminal;
  • the trailing stop of open positions can be selectively configured for individual orders: only by one symbol, by magic number, or by direction;
  • trailing of pending orders does not depend on the choice of the direction of open positions and it can be selectively adjusted by the type of order, by direction, by points, fractals, and extremes of the bar;
  • one-time stop loss setting for all open orders;
  • closing orders at a set percentage of profit/loss;
  • closing all orders in the “lock” at the specified profit or by Means(Equity);
  • virtual (invisible) trailing stop by indicators and by points;
  • virtual manual trailing stop-moves only with your hands;
  • “hot buttons” for quick commands (Close All, Close Loss, Close Profit, Delete PO, Delete SL);
  • audio notification about the modification of the trailing stop;
  • works with cryptocurrencies (#Bitcoin, etc.);
  • it works on accounts with quotes of 4 and 5 decimal places.

Block 1. GENERAL SETTINGS – general settings.

  • Allow the EA to work – if the value is set to false, the EA stops working, stops tracking orders, and does not move the stop loss.
  • Magic number (-1 for all, 0 only manual) – magic number, with -1 trailing all orders, with 0 – only manually opened ones.
  • All symbols-allow trailing stop for all symbols at once.
  • Positions – select the direction.
  • Add SL and TP for all open orders-add stop loss and take profit in all open orders.
  • Stop Loss by:
    • Points – the size of the stop loss by points;
    • ATR 14, H1-the size of the stop loss according to the ATR 14 indicator, for the H1 period;
    • Day High/Low-stop loss at daily extremes.
  • Stop Loss in points – the size of the stop loss in points.
  • Take Profit in points – the size of the take profit in points.
  • Breakeven-allow breakeven.
  • Profit to enable a breakeven – the amount of profit to enable breakeven.
  • Breakeven level – breakeven level.
  • Profit/Loss percentage-close orders based on the percentage of profit/loss.
  • Profit % for close orders – the percentage of profit for closing orders.
  • Loss % for close orders – the percentage of loss for closing orders.
  • Close at profit-close all orders and delete pending orders if the profit has reached the set value.
  • Profit in the deposit currency the amount of profit in the deposit currency for “Close at profit”.
  • Slippage – slippage.
  • Points – the size of the stop loss by points;
  • ATR 14, H1-the size of the stop loss according to the ATR 14 indicator, for the H1 period;
  • Day High/Low-stop loss at daily extremes.

Block 2. TRAILING PENDING ORDERS-trailing pending orders.

Block 3. TRAILING OPEN POSITION-trailing stop of open positions.

  • Virtual trailing stop: – trailing stop invisible to the broker
    • By indicators-virtual trailing stop on indicators;¬†
    • Manual control-a virtual trailing stop that can only be moved with your hands;
    • Disable-virtual trailing stop is not used.
  • Mode selection: – select trailing stop, 4 options.
  • Timeframe for trailing stop-select the timeframe on which the trailing stop will work.
  • Trailing stop by: – select a trailing stop for the instrument, 7 options.
  • Trailing stop level – the size of the trailing stop.
  • Trailing step – step of the trailing stop.
  • Indent in points, except “by Points” – distance in points from the stop loss.
  • ATR period – the period of the ATR indicator.
  • Level of Volumes – the volume level according to the Volumes indicator.
  • By indicators-virtual trailing stop on indicators;¬†
  • Manual control-a virtual trailing stop that can only be moved with your hands;
  • Disable-virtual trailing stop is not used.

Block 4. CLOSE OFF LOCK-close the lock.

Block 5. OTHER SETTINGS – other settings.

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Published

22 November 2017

Updated

26 January 2021

Current Version

8.2

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