ATR Trailing Stop: Free MT4/MT5 Expert Advisor

Overview

ATR Trailing Stop allows users to define the trailing distance through a configurable ATR period and multiplier. The expert advisor includes filtering logic to apply the trailing stop only to specific symbols, magic numbers, or trade directions. It provides activation settings based on minimum profit or ATR multiples to ensure the trail starts at the desired price level. The tool features a graphical panel and visual lines to display potential stop-loss locations.

Dynamic ATR-based trailing stop-loss

Symbol and magic number filtering

Profit-based activation thresholds

Graphical control panel and visual lines

Integrated email and mobile notifications

Details

Author

EarnForex on GitHub

Type

Trade manager

Platform

MetaTrader 4 (MQL4) and MetaTrader 5 (MQL5)

Markets

Any symbol

Timeframes

Any timeframe

Risk profile

No grid, martingale or hedging logic was found in its code or README. That says nothing about how it performs: backtest it first.

EA files

Topics

atrexpert-advisorforexmetatradermetatrader-4metatrader-5mql4mql5mt4mt5

Source

github.com/EarnForex/ATR-Trailing-Stop

Input parameters

Read from MQLTA MT5 ATR Trailing Stop.mq5. Defaults are the author's; change them in the EA's Inputs tab.

Name	Type	Default	Description
`Comment_1`	`string`	`====================`	Expert Advisor Settings
`ATRPeriod`	`int`	`14`	ATR Period
`Shift`	`int`	`1`	Shift In The ATR Value (1=Previous Candle)
`ATRMultiplier`	`double`	`1.0`	ATR Multiplier
`ActivationATRMult`	`double`	`0`	Activation threshold (in ATR multiples)
`ActivationMinProfit`	`int`	`0`	Activation threshold (in points)
`Comment_2`	`string`	`====================`	Orders Filtering Options
`OnlyCurrentSymbol`	`bool`	`true`	Apply To Current Symbol Only
`OnlyType`	`ENUM_CONSIDER`	`All`	Apply To
`UseMagic`	`bool`	`false`	Filter By Magic Number
`MagicNumber`	`int`	`0`	Magic Number (if above is true)
`UseComment`	`bool`	`false`	Filter By Comment

Show all 37 inputs

Name	Type	Default	Description
`CommentFilter`	`string`		Comment (if above is true)
`EnableTrailingParam`	`bool`	`false`	Enable Trailing Stop
`Comment_3`	`string`	`====================`	Notification Options
`EnableNotify`	`bool`	`false`	Enable Notifications feature
`SendAlert`	`bool`	`true`	Send Alert Notification
`SendApp`	`bool`	`true`	Send Notification to Mobile
`SendEmail`	`bool`	`true`	Send Notification via Email
`Comment_3a`	`string`	`====================`	Graphical Window
`ShowPanel`	`bool`	`true`	Show Graphical Panel
`ExpertName`	`string`	`MQLTA-ATRTS`	Expert Name (to name the objects)
`Xoff`	`int`	`20`	Horizontal spacing for the control panel
`Yoff`	`int`	`20`	Vertical spacing for the control panel
`Comment_4`	`string`	`====================`	Potential Stop-Loss Lines
`ShowPotentialSLLines`	`bool`	`false`	Show Potential SL Lines
`PotentialSLBuyColor`	`color`	`clrDodgerBlue`	Potential Buy SL Line Color
`PotentialSLSellColor`	`color`	`clrOrangeRed`	Potential Sell SL Line Color
`PotentialSLStyle`	`ENUM_LINE_STYLE`	`STYLE_DOT`	Potential SL Line Style
`PotentialSLWidth`	`int`	`1`	Potential SL Line Width
`Comment_5`	`string`	`====================`	Activation Lines
`ShowActivationLines`	`bool`	`false`	Show Activation Lines
`ActivationBuyColor`	`color`	`clrDarkGray`	Activation Buy Line Color
`ActivationSellColor`	`color`	`clrDarkSlateGray`	Activation Sell Line Color
`ActivationStyle`	`ENUM_LINE_STYLE`	`STYLE_DASH`	Activation Line Style
`ActivationWidth`	`int`	`1`	Activation Line Width
`ActivationFontSize`	`int`	`8`	Activation Label Font Size

How to install it

1Download the sourceUse "Download source (.zip)" above, or clone EarnForex/ATR-Trailing-Stop from GitHub, and unzip it.

2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL4/Experts or MQL5/Experts.

3Copy the filesCopy the .mq4 / .mq5 file into Experts, and any .mqh files into the Include folder the code expects.

4Compile in MetaEditorOpen the file in MetaEditor and press Compile. Fix any missing includes the compiler reports.

5Test before you tradeRun it in the Strategy Tester, then attach it to a demo chart and allow algorithmic trading.

Third-party code. ForexR did not write, test or endorse this EA, and the summary above was generated automatically from its README and code. ForexR lists only repositories with readable source code and never hosts files. Read the code, backtest it and use a demo account first; automated trading can lose money quickly.

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Overview

Details

Author

Type

Platform

Markets

Timeframes

Risk profile

EA files

Topics

Source

Input parameters

How to install it

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