Forex

Ultimate Trailing Stop EA


This EA Utility permits you to manage (using advanced filtering) boundless open orders (manual or EA) together with tracking stops based on 12 methods: fixed, percentage, ATR depart, Chandelier Exit, Moving Average, Candle High Low Exit, Bollinger Bands, Parabolic, Envelope, Fractal, Ichimoku Kijun-San, along with Alligator. The trailing stop can be either real or virtual, and you can exit fully or with a partial close percent on touch or bar close. Visualize all orders and their trailing stop amounts in a complex onscreen screen.

Try the free version for AUDJPY, USDJPY, USDCAD, NZDUSD.

note: EA can be conducted with the visual backtester to simulate trading to see how it looks and feels before purchase or for testing trade ideas. 

Try the free version for AUDJPY, USDJPY, USDCAD, NZDUSD.

For a more detailed description, check out the blog

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How this expert advisor works

The working process looks like this:

  1. You open any number of orders, manually or using EAs.

  2. UTS EA monitors these orders and moves the SL value in favor of selected algorithm.

  3. UTS EA closes all or part of the position at SL value. 

The working process looks like this:

You open any number of orders, manually or using EAs.

UTS EA monitors these orders and moves the SL value in favor of selected algorithm.

UTS EA closes all or part of the position at SL value. 

Note: a complete list of input parameters can be found in the blog
  • Trailing Stop Method — Choose from 12 different trailing stop algorithms. 

  • Stop Loss Type —  Choose between Real or Virtual Stop.   

  • Touch or Close  —  Close on touch (default), or when Bar closes over(under) virtual stop. Close method works only when virtual stop is enabled.

  • Close Percent  — Works with virtual to partially close your position at a desired percent. 

  • Threshold in pips — Start trailing stop when your trade reaches X pips in profit. 

  • Pip Step — Indicates how much instrument needs to move before your trailing stop re-adjusts. 

  • Trailing Time Frame — Adjust any of the 10 indicator-based trailing stops to a particular time frame. 

  • SL Adjustment in Pips —  Adjust the trailing stop up or down in pips from whatever method you determine. Positive values push the trail stop further away in pips and negative values pull it closer in.

  • StopLoss Pips – Set the SL in pips for controlled trades which do not already have a SL. 

  • TakeProfit Pips – Set the TP in pips for controlled trades which do not already have a TP. 

  • Indicator Settings  : 

    • Percent — trails at percent profit
    • Fixed — trails at a fixed pip profit
    • ATR Exit — trails at close /- multiple of atr
    • Moving Average — trails at moving average line
    • Chandelier Exit  — trails at highest high / lowest low /- multiple of atr
    • Candle High Low Exit — trails at the highest / lowest candle range
    • Bollinger Bands—  trails at Bollinger Bands
    • Parabolic SAR—  trails at Parabolic SAR levels 
    • Envelope —  trails at Envelope Bands 
    • Ichimoku Kijun-Sen — trails at the the Ichimoku Kijun-Sen (Blue) line
    • Alligator —  trails at the jaw, teeth or lips of the Alligator indicator
    • Filter (Symbol, Magic Number, Comment, Ticket) — With dropdown menu: None, Equal, Not Equal, Contain, Not Contain. These filters allow you to include (exclude) specific symbols, magic numbers, comments, tickets or parts of them. For example, if Symbol contains USD, you will trade all USD based symbols. If Magic Number equals 80260, 40260, you will manage only these magic numbers.

    Trailing Stop Method — Choose from 12 different trailing stop algorithms. 

    Stop Loss Type —  Choose between Real or Virtual Stop.   

    Touch or Close  —  Close on touch (default), or when Bar closes over(under) virtual stop. Close method works only when virtual stop is enabled.

    Close Percent  — Works with virtual to partially close your position at a desired percent. 

    Threshold in pips — Start trailing stop when your trade reaches X pips in profit. 

    Pip Step — Indicates how much instrument needs to move before your trailing stop re-adjusts. 

    Trailing Time Frame — Adjust any of the 10 indicator-based trailing stops to a particular time frame. 

    SL Adjustment in Pips —  Adjust the trailing stop up or down in pips from whatever method you determine. Positive values push the trail stop further away in pips and negative values pull it closer in.

    StopLoss Pips – Set the SL in pips for controlled trades which do not already have a SL. 

    TakeProfit Pips – Set the TP in pips for controlled trades which do not already have a TP. 

    Indicator Settings  : 

    • Percent — trails at percent profit
    • Fixed — trails at a fixed pip profit
    • ATR Exit — trails at close /- multiple of atr
    • Moving Average — trails at moving average line
    • Chandelier Exit  — trails at highest high / lowest low /- multiple of atr
    • Candle High Low Exit — trails at the highest / lowest candle range
    • Bollinger Bands—  trails at Bollinger Bands
    • Parabolic SAR—  trails at Parabolic SAR levels 
    • Envelope —  trails at Envelope Bands 
    • Ichimoku Kijun-Sen — trails at the the Ichimoku Kijun-Sen (Blue) line
    • Alligator —  trails at the jaw, teeth or lips of the Alligator indicator
      • Percent — trails at percent profit
      • Fixed — trails at a fixed pip profit
      • ATR Exit — trails at close /- multiple of atr
      • Moving Average — trails at moving average line
      • Chandelier Exit  — trails at highest high / lowest low /- multiple of atr
      • Candle High Low Exit — trails at the highest / lowest candle range
      • Bollinger Bands—  trails at Bollinger Bands
      • Parabolic SAR—  trails at Parabolic SAR levels 
      • Envelope —  trails at Envelope Bands 
      • Ichimoku Kijun-Sen — trails at the the Ichimoku Kijun-Sen (Blue) line
      • Alligator —  trails at the jaw, teeth or lips of the Alligator indicator

          Filter (Symbol, Magic Number, Comment, Ticket) — With dropdown menu: None, Equal, Not Equal, Contain, Not Contain. These filters allow you to include (exclude) specific symbols, magic numbers, comments, tickets or parts of them. For example, if Symbol contains USD, you will trade all USD based symbols. If Magic Number equals 80260, 40260, you will manage only these magic numbers.



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