Trailing Stop is a very popular practice in the Trading Environment. With the MT4 Fixed Step Trailing Stop you can have your orders Stop Loss incremented of fixed values when the price is far enough.
What Is The MT4 Fixed Step Trailing Stop EA
MT4 Fixed Step Trailing Stop EA is an expert advisor that can manage your orders Stop Loss.
In particular, this Expert Advisor can use two parameters to increment the stop loss at will.
In many cases you might want to increment the stop loss of a specific value when the price is far away from the current stop.
This Trailing Stop Loss allow you exactly this, to trigger a Stop Loss increment when the price reaches a specific threshold.
Why Is The MT4 Fixed Step Trailing Stop EA Useful
Risk Management is one of the most important aspect in trading.
Having a Stop Loss will protect you from margin calls and big losses.
In many cases it is useful to have a trailing stop, which is a “moving stop”.
A Trailing Stop is a Stop Loss where the value is updated when the price move in the favor of the trade.
There are many types of Trailing Stop, it can be a fixed step change or follow some indicator.
In the case of MT4 Fixed Step Trailing Stop Expert Advisor the Stop Loss follows the price with a fixed increment.
There are several advantages of using MT4 Fixed Step Trailing Stop EA:
- Filtering options to select which trades to manage
- A Stop Loss is set automatically if there is none
- The Stop Loss follows the price when moving in the favor of the trade
- It doesn’t require human interaction
- Limit Losses
- Secure Profits
- Avoid Margin Calls
- Notifications when the Stop Loss is updated
How To Download And Use Trailing Stop EA
You can Download the Expert Advisor with the link at the bottom of this page and install it following the below instructions.
The DEMO version only works on the AUDNZD pair.
The installation is very easy to perform, same is the use.
Once you run the Expert Advisor you can set the necessary parameters.
Make sure you enable the Live Trading in the MT4 Options or the EA will not be able to trade.
MT4 Fixed Step Trailing Stop EA Installation
To install the EA please follow the instructions below:
- Download the EA file
- Open the Metatrader Data Folder (In File > Open Data Folder)
- Open the MQL4 Folder
- Copy the file in the Experts
- Restart Metatrader
For more detailed instruction on how to perform the installation please visit this article.
Please feel free to leave a feedback regarding the indicator or Contact Us for anything else.