Free Forex Trailing Stop EA for MT4 & MT5
A trailing stop automatically moves your stop loss as a trade moves into profit, helping you manage an open position without manually adjusting the stop loss.
It can help protect part of an unrealized profit while still allowing the trade room to continue moving.
For traders managing multiple positions, an automated trailing stop can make this process faster and more consistent.
Free Forex Trailing Stop EA
EA Trades provides a free Forex Trailing Stop EA for MT4 and MT5 that automatically sets and manages trailing stops for open orders.
The EA offers two trailing methods:
- Fixed Pips:
Uses a traditional fixed pip trailing distance. For example, you can set the trailing distance to 20 pips. Which means that trailing stop remains 20 pips away from the current market price for all trailing trades.
- Percentage of Profit:
Uses the current profit of each individual trade for its trailing calculation. For example, with 70% selected, the EA uses 70% as the configured profit trailing percentage. Because each trade has its own profit level, different trades can have different trailing levels.
For example, imagine you have three open trades:
- Trade 1 is showing $100 profit
- Trade 2 is showing $60 profit
- Trade 3 is showing $30 profit
These trades are at different profit levels, so the EA can calculate their trailing levels individually when using the percentage based method.
If you set Trailing Percentage to 70%, the EA uses 70% as the configured percentage in its profit based trailing calculation.
This means you can manage trades based on their individual profit situation rather than applying exactly the same fixed pip trailing distance to every position.
Adjustable Trailing Settings
The EA also provides additional settings to control how the trailing process works.
Trailing Method
Choose between Fixed Pips and Percentage of Profit.
Trailing Pips (Fixed)
The fixed trailing distance when using the Fixed Pips method. The default setting is 20 pips.
Trailing % (Percentage)
The percentage used by the profit-based trailing method. The default setting is 70%.
Trailing Step
Controls the step used when updating the trailing stop. The default is 1 pip.
Starting Pips
Sets the starting distance for the trailing process according to the EA’s configuration. The default is 10 pips.
Works on MT4 and MT5
The free trailing-stop EA is available for both MetaTrader 4 and MetaTrader 5.
It can be used as a simple trade management tool when you want your open orders to have automated trailing stop management instead of manually adjusting stop loss levels.
Whether you prefer a traditional fixed pip trailing stop or want to use a percentage based approach, you can select the method directly from the EA’s inputs.
Key Features
- Works with MT4 and MT5
- Automatically manages trailing stops for open orders
- Fixed Pips trailing method
- Percentage of Profit trailing method
- Individual trailing calculation for each trade
- Adjustable Trailing Step
- Adjustable Starting Pips
Download the Free Forex Trailing Stop EA
The EA Trades Forex Trailing Stop EA is completely free for MT4 and MT5.
The EA is a trade-management tool and does not guarantee profits. Trading involves risk.
