Trailing Stop is a very popular practice in the Trading Environment. With the MT4 Fractals Trailing Stop you can have your orders Stop Loss assigned to a recent Bill Williams Fractal Value.
What Is The MT4 Fractals Trailing Stop EA
MT4 Fractals Trailing Stop EA is an expert advisor that can manage your orders Stop Loss.
In particular, this Expert Advisor can use the recent Fractals to set the stop loss for your orders.
Recent Fractals can be important levels of support or resistance and can act as good values for Stop Loss.
Trailing the Stop Loss to a recent Fractal can be a good strategy in several situations.
Why Is The MT4 Fractal 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 Fractals Trailing Stop Expert Advisor the Stop Loss follows the value of recent Fractals Values.
There are several advantages of using MT4 Fractals 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 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 Fractals 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.