by 
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
Trade manager · MT4
Orchard Forex Trailing Stop Manager
This MetaTrader 4 expert advisor serves as a trade management tool that automates the trailing stop-loss process for existing positions.
GitHub stars6
Forks3
Last update3 weeks ago26 Aug 2026
LicenceGPL-3.0
Overview
Orchard Forex Trailing Stop Manager does not open any new trades itself; rather, it monitors current market orders placed manually or by other robots. The utility uses a reverse loop to scan active orders, filtering them by symbol and magic number. When the market moves favorably, the EA adjusts the stop-loss level based on a fixed point distance. It ensures that stop-loss modifications only occur when they move in the direction of the trade.
- Automated trailing stop-loss management
- Symbol and magic number filtering
- Reverse order loop processing
- Support for manual trade management
Details
Author
OrchardForexTutorials on GitHub
Type
Trade manager
Platform
MetaTrader 4 (MQL4)
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
Input parameters
Read from TrailingStop.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
InpMagicNumber | int | 0 | Magic Number |
InpGap | double | 0.00500 | Trailing distance |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone OrchardForexTutorials/200127_looping_through_trades_-_trailing_stop_-_part_1 from GitHub, and unzip it.
- 2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL4/Experts.
- 3Copy the filesCopy the .mq4 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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