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The mad trailer is an expert advisor for MT4 developed by KALIFX
the mad trailer ea automatically trails stop-losses of trades filtered according to your preferences and adjusts the stop-loss level as the market price moves in a favorable direction. Instead of setting a static stop-loss, the magic trailer EA allows traders to “trail” their stop-loss at a certain distance below the current market price. This automated approach helps traders lock in profits while protecting against potential reversals. the mad trailer ea offers more than just basic trailing stop functionality. It’s a 3 in 1 pack which includes (setting automatic stop loss & take profit, trailing stop and breakeven) The mad trailer ea is a well-featured and simple tool for managing your stop-loss levels in MT4. However, it’s important to understand its limitations and consider alternatives before to buying it.
input parameters
1. automatic stop loss and take profit – for each trade opened the ea sets sl and tp automatically according to your preferences
2. use trailing stop? – if set to true it enables the trailing stop feature which adjusts the stop-loss level as the trade moves in your favor. Set to false to disable the trailing stop.
3. trailing stop – The word “stop” here means “stop level” or the level where the trade will be stopped, which is the stop-loss level, the line that will be moving as the trade moves in your favor (towards take profit if there’s any)
4. trailing step -specify the number of pips as the step or increment for adjusting the stop-loss level as the trade moves in your favor.
5. use breakeven? if set to true it enables breakeven (When a trade is “n” pips on profit or some distance towards take profit, the stop loss is moved to break even point (trade’s open price level)
6. BE % of take profit – specify % of tp when BE will be triggered or stop loss line moved to breakeven point (trade’s open price level).
7. BE offset in pips – specify the “n” pips above open price level where the stop loss will be moved. note: try this EA on a demo account to understand how it works while playing around with the settings.
telegram link t.me//KARLIIIIII
