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
Trade manager · MT4 · MT5
Trailing Stop On Profit
This MetaTrader expert advisor functions as a trade manager that automates stop loss adjustments for existing positions.
GitHub stars67
Forks31
Last update3 months ago27 May 2026
LicenceApache-2.0
Latest release1.043 months ago
Overview
Trailing Stop On Profit 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 numbers, or order comments. It can also remove existing take profit levels once trailing begins. Users can monitor activity through on-chart graphical panels, visual activation lines, and multi-channel notifications including alerts, mobile push, and email.
- Conditional trailing stop activation based on profit points
- Multi-criteria order filtering by magic number and comment
- Integrated graphical control panel and visual price lines
- Automated notifications via alerts, email, and mobile push
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.
Topics
expert-advisorforexmetatradermetatrader-4metatrader-5mql4mql5mt4mt5stop-loss
Input parameters
Read from Trailing Stop on Profit.mq5. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
TrailingStop | int | 50 | Trailing Stop, points |
Profit | int | 100 | Profit in points when TS should kick in |
DisableTPonTSL | bool | false | Disable take-profit when TS kicks in? |
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 |
CommentFilter | string | | Comment (if above is true) |
EnableTrailingParam | bool | false | Enable trailing stop |
EnableNotify | bool | false | Enable notifications feature |
SendAlert | bool | true | Send alert notification |
Show all 32 inputs
| Name | Type | Default | Description |
|---|---|---|---|
SendApp | bool | true | Send notification to mobile |
SendEmail | bool | true | Send notification via email |
ShowPanel | bool | true | Show graphical panel |
ExpertName | string | TSOP | Expert name (to name the objects) |
Xoff | int | 20 | Horizontal spacing for the control panel |
Yoff | int | 20 | Vertical spacing for the control panel |
ChartCorner | ENUM_BASE_CORNER | CORNER_LEFT_UPPER | Chart Corner |
FontSize | int | 10 | Font Size |
ShowPotentialSLLines | bool | false | Show potential TSL lines |
PotentialSLBuyColor | color | clrDodgerBlue | Potential Buy TSL line color |
PotentialSLSellColor | color | clrOrangeRed | Potential Sell TSL line color |
PotentialSLStyle | ENUM_LINE_STYLE | STYLE_DOT | Potential TSL line style |
PotentialSLWidth | int | 1 | Potential TSL line width |
PotentialSLLabelFontSize | int | 8 | Potential TSL label font size |
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/Trailing-Stop-on-Profit 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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