This EA trails your stops based on percentage of current TP, for both manually and auto-opened trades. You can edit the percentage value in the inputs.
Trailing stop is a more flexible variation of a normal exit order. T railing 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 positive trades. It is a very popular practice. This EA will manage your order's stop-loss by moving it at fixed steps. A trailing stop will allow a stop order to follow the last traded price based on a pre-set distance, and will automatically move to lock in the positive trades. It follows a simple rule and doesn't rely on any indicators.
This EA will work on all open orders/trades.
Search " Percentage Trailing Stop Expert " for the MT5 version of this same EA.
INPUT PARAMETERS
Magic Number: Leave it as it is.
tStopPercentProfit: Sets the value of percentage of current TP for positive trades before your trailing stop is activated.
tStepPips: Sets trailing step in pips.
N/B : Double-click on their values to edit.
