Fixed Step Trailing Stop MT4 Expert Advisor EA - Let Your Profits Run
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Fixed Step Trailing Stop MT4 Expert Advisor EA
Fixed Step Trailing Stop EA is an expert advisor that can manage your order's stop-loss by moving at fixed steps.
This EA follows a simple rule and doesn't rely on any indicators.
In case you are new to the concept of trailing stop: trailing stop is the practice of moving the stop-loss level closer to the current price when the price moves in your favor.
Trailing the stop-loss allows traders to limit their losses and safeguard their profits. It is a very popular practice.
As you may have read in books and forums, one of the first rules in Forex is: Cut your losses short and let your profits run.
Using a trailing stop is a very popular practice among traders.
With the MT4 Fixed Step Trailing Stop EA, you can have the stop-loss of your trades incremented by fixed values when the price moves far enough.
In particular, this expert advisor can use two parameters to increment the stop-loss according to your preferences.
In many cases, you might want to increment the stop-loss by a specific value when the price is at a specific distance from the current stop.
This trailing stop-loss EA allows you to do exactly this: to trigger a stop-loss increment when the price reaches a specific threshold.
There are several advantages of using MT4 Fixed Step 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 trade's favor.
It doesn't require human interaction.
Limit losses.
Secure profits.
Avoid margin calls.
Notifications when the stop-loss is updated.
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Fixed Step Trailing Stop MT4 Expert Advisor EA - Let Your Profits Run
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