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Dynamic Trailing Stop Loss and Profit Target Management – EA MetaTrader 5

Dynamic Trailing Stop Loss and Profit Target Management - expert for MetaTrader 5

This code is a risk management strategy for an Expert Advisor in MetaTrader that manages existing trades based on the input parameters. It focuses on closing trades when a profit or loss threshold is reached and employs a trailing stop loss to lock in profits as the trade moves in the trader’s favor. Here is

New Concept: Trailing Take Profit – EA MetaTrader 5

New Concept: Trailing Take Profit - expert for MetaTrader 5

On contrast with Trailing Stop which a stop loss trails price until the price hits the stop loss and the position gets closed in profit, introducing Trailing Take Profit which take profit trails price when a position is in loss and ultimately the position gets closed with a loss. For example, If a position is

ATR Trailing Stop with 1 Buffer only – indicator MetaTrader 5

ATR_Trailing_Stop_Loss_1_Buffer_GBPJPY_example

This is an edit of the Mod_ATR_Trailing_Stop by Scriptor found here https://www.mql5.com/en/code/20423. It has 1 Buffer instead of 2 (1 Line instead of 2 Lines) . I was a fan of the original MT4-LevelStop-Reverse.v2 that was coded originally by Bruce Hellstrom (brucehvn), which used 1 Buffer. This one is the closet I have got to that indicator on MT5.