PATI Trading Assistant is a MetaTrader 4 utility designed to facilitate trade management and bookkeeping based on the PATI trading methodology. It automates the placement of stop losses and take profits, specifically managing range breakout and pullback setups. The EA includes risk controls such as the Two Minute Rule
Trade manager · MT5
Fractal Trailing Stop
Fractal Trailing Stop is a MetaTrader 5 expert advisor that automates trade management using Bill Williams fractal levels.
GitHub stars3
Forks3
Last update8 years ago21 Jul 2018
LicenceNone stated
Overview
The EA monitors open positions and dynamically adjusts the stop loss to the most recent up or down fractal, incorporating a user-defined point buffer for padding. It includes risk management features to calculate lot sizes as a percentage of account equity. Although primarily focused on trailing exits, the code includes logic for multi-timeframe direction analysis. The README is minimal and assumes the presence of custom dependency libraries.
- Dynamic stop loss adjustment based on fractals
- Equity-based risk and lot sizing logic
- Customizable padding for high and low fractal points
- Multi-timeframe direction integration for H1 and H4
Details
Author
stevedee1000 on GitHub
Type
Trade manager
Platform
MetaTrader 5 (MQL5)
Strategy
Trend following
Markets
Any symbol
Timeframes
M15-H1, H4 and above
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
Input parameters
Read from FractalTrailingStop.mq5. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
risk | double | .001 | Amount of Account Equity to risk on trades |
highPointsPad | double | 30 | |
lowPointsPad | double | 20 |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone stevedee1000/FractalTrailingStop from GitHub, and unzip it.
- 2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL5/Experts.
- 3Copy the filesCopy the .mq5 file into Experts.
- 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.
Similar expert advisors
This MetaTrader expert advisor functions as a trade manager that automates stop loss adjustments for existing positions. It specifically waits until a trade reaches a user-defined profit threshold in points before initiating a trailing stop. The tool includes flexible filtering options to manage specific symbols, magic
Trader Pad is a trade management utility for MetaTrader 5 designed to automate position exits and risk control after an entry is initiated. The software handles stop-loss and take-profit placement in ticks, providing advanced trailing stop logic and break-even functionality. It allows users to scale out of positions th
This trade manager for MetaTrader 4 and 5 automatically adjusts the stop-loss levels of open positions using the Average True Range indicator. It 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
PSAR Trailing Stop is a management utility for MetaTrader 4 and 5 that automates the adjustment of stop-loss levels for open positions. Instead of manual movement, it follows the Parabolic SAR indicator values to lock in profits or minimize losses as a trend progresses. The software includes filtering options to target
This expert advisor is a utility for MetaTrader 4 and MetaTrader 5 designed to manage stop-loss levels for existing trades. It utilizes Bill Williams' Fractals indicator to dynamically adjust the stop loss as new fractal points form on the chart. Users can configure the number of bars to scan and specify which fractal
Need a broker for MT5?
Compare regulated brokers that support MetaTrader, with spreads, minimum deposits and leverage side by side.
Compare brokers