Universal Trailing Stops Across Indicators and Profit Targets

Summary

This document describes a trading tool that adjusts stop levels as a position moves into profit. It supports several ways to set the trailing level: fractal points, bar highs or lows, Parabolic and ATR indicators, a fixed point distance, or a profit percentage. The settings therefore let a trader choose between price-structure-based, indicator-based, and fixed-distance approaches.

The tool is described as compatible with both single-position operation and hedge mode, where multiple positions may be open. The document gives no performance data, detailed parameter definitions, or rules for choosing among the methods. Its examples are limited to operation based on Parabolic and moving averages, so the practical behavior and risks of each option cannot be assessed from this description alone.

Key ideas

• The trailing stop can use fractals, bar extremes, Parabolic, ATR, a fixed point distance, or a profit percentage.
• The Expert Advisor supports both single-position operation and hedge mode with multiple positions.
• The document provides examples for Parabolic and moving-average-based operation but no performance evaluation.
• Choosing a trailing method requires further testing because the document does not compare the available approaches.

Tags

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