Trailing Stops Using Price, Indicators, Fractals, and Profit Thresholds

Summary

This document describes an expert advisor that offers several ways to move a stop as a trade progresses. The stop can follow price by a fixed point distance or use Parabolic SAR, ATR, moving averages, candlestick patterns, or fractals. It can also be set as a percentage of profit. Stop behavior may be calculated for the combined net breakeven of a group of orders or separately for each order, and the advisor supports both real and virtual stops.

For demonstration, the strategy tester opens paired orders so users can observe how the trailing logic behaves. The tester can also be used to optimize settings and explore strategies built around the stop mechanism. The document describes available features rather than a tested trading edge: it gives no market, parameter guidance, performance results, or comparison among methods. Stop placement and optimization outcomes will depend on the instrument, data, execution assumptions, and chosen settings.

Key ideas

• The advisor can trail stops by fixed points or by several price indicators and chart patterns.
• Profit-percentage trailing is available alongside indicator-based stop movement.
• Stops can be managed at the group net-breakeven level or separately for each order.
• A strategy tester demonstration uses paired orders and supports parameter optimization.
• The document reports capabilities but provides no performance evidence or guidance for choosing settings.

Tags

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