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 · MT5
XAGUSD Trailing TP SL
This MetaTrader 5 expert advisor manages manual silver (XAGUSD) positions by applying and dynamically trailing protection levels.
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Last update10 months ago22 Nov 2025
LicenceNone stated
Overview
XAGUSD Trailing TP SL automatically adds initial stop loss and take profit orders to existing trades that lack them. The manager features a sophisticated trailing stop loss and a trailing take profit mechanism that extends targets during strong market moves. It utilizes the Average Directional Index (ADX) to identify trend strength and the Average True Range (ATR) for volatility-adjusted distances. Additional risk controls include a configurable break-even function and multiple extension limits.
- Automatic SL and TP application for manual trades
- ATR-based dynamic trailing distances
- Trend-adaptive logic using ADX indicator
- Extending take profit targets for strong trends
- Break-even profit protection functionality
Details
Author
flowmar47 on GitHub
Type
Trade manager
Platform
MetaTrader 5 (MQL5)
Markets
Oil & commodities
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 XAGUSD_TrailingTPSL.mq5. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
InpSymbol | string | XAGUSD | Symbol to monitor |
InpMagicNumber | int | 0 | Magic number (0 = all manual trades) |
InpCheckIntervalMs | int | 500 | Check interval in milliseconds |
InpApplyInitialSLTP | bool | true | Apply initial SL/TP if not set |
InpInitialSLPips | double | 50.0 | Initial Stop Loss (in pips) |
InpInitialTPPips | double | 100.0 | Initial Take Profit (in pips) |
InpEnableTrailingSL | bool | true | Enable Trailing Stop Loss |
InpTrailingSLStart | double | 20.0 | Start trailing after X pips profit |
InpTrailingSLDistance | double | 15.0 | Trailing SL distance (pips) |
InpTrailingSLStep | double | 5.0 | Minimum SL move step (pips) |
InpUseATRForSL | bool | true | Use ATR for dynamic SL distance |
InpEnableTrailingTP | bool | true | Enable Trailing Take Profit |
Show all 26 inputs
| Name | Type | Default | Description |
|---|---|---|---|
InpTPExtendThreshold | double | 30.0 | Extend TP after X pips in profit |
InpTPExtendAmount | double | 20.0 | Amount to extend TP (pips) |
InpMaxTPExtensions | double | 5 | Maximum TP extensions allowed |
InpUseATRForTP | bool | true | Use ATR for dynamic TP extension |
InpUseTrendFilter | bool | true | Only trail in strong trends |
InpADXPeriod | int | 14 | ADX Period |
InpADXThreshold | double | 25.0 | ADX threshold for strong trend |
InpStrongTrendADX | double | 35.0 | ADX for very strong trend (aggressive trailing) |
InpATRPeriod | int | 14 | ATR Period |
InpATRMultiplierSL | double | 1.5 | ATR Multiplier for SL |
InpATRMultiplierTP | double | 2.5 | ATR Multiplier for TP |
InpBreakEvenPips | double | 30.0 | Move SL to breakeven after X pips |
InpBreakEvenOffset | double | 2.0 | Breakeven offset (pips in profit) |
InpEnableBreakEven | bool | true | Enable breakeven feature |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone flowmar47/MT5TPSLEA 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.
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