Configuring an Automatic Trailing Stop Manager in MetaTrader 5
Summary
The document describes a MetaTrader 5 utility that manages existing positions by moving stop losses as trades become profitable. It does not select instruments, open trades, or generate entry signals. Traders set a profit threshold for activation, a trailing distance, and the step between updates; an optional minimum-profit condition can delay stop adjustments.
The manager can apply to manual trades or positions selected by symbol or magic number, and it offers separate controls for buy and sell positions. A dashboard and one-click activation support monitoring and operation. The description explains configuration options but supplies no tested results, exact behavior under gaps or execution delays, or comparison with fixed exits. A trailing stop can help retain some gains while leaving room for a trade to continue, but its outcome depends on the configured levels and market movement.
Key ideas
- The utility adjusts stop losses on open trades and does not generate trades or signals.
- Trailing begins after a configured profit threshold and updates according to a selected distance and step.
- Users can filter positions by symbol, magic number, or trade type.
- The description gives no performance evidence or details about gap and execution behavior.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.