Trailing Stops Along Linear, Exponential, and Power Price Paths

Summary

This expert advisor manages existing positions by moving their stop loss along a user-defined price path. The trader specifies a target through a bar offset and a price change, then selects a linear, exponential, or power curve. The chosen curve shapes how quickly the stop advances: a linear path advances at a constant rate, while exponential and power paths can accelerate or decelerate as price approaches the target.

The document also describes placing stops at the edges of a channel for a linear trend and optionally closing a position after a specified number of bars. It explicitly limits the tool to trailing positions that already have initial stop orders; it does not open trades or set those initial orders. No testing results or guidance for choosing curve parameters are provided, so the method depends on the trader’s forecast of the price path and requires independent evaluation.

Key ideas

• The advisor trails existing positions along a path defined by a target bar offset and price change.
• It supports linear, exponential, and power curves to vary the pace of stop movement.
• A linear path can use channel boundaries as stop levels, with positions exited when price leaves the channel.
• A position can optionally be closed after a specified number of bars.
• The tool does not open positions or place their initial stop loss and take profit orders.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.