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Showing posts with the label atr trailing stop

Trailing Stop Expert Advisor

The Trailing Stop expert advisor has been created to help traders manage winning trades and baskets of trades, by trailing the price once it goes in the trader’s favor. The main idea that led to this Trailing Stop EA was that many traders are not so good at managing winning trades. While sooner or later every trader learns how to spot the trend, when to enter a trade, what forex news to trade and so on, many traders are closing their trades when they shouldn’t.
It often happens that traders get too greedy or too scared and so they poorly manage an opened trade. Unfortunately, managing an opened trade is much harder than opening a trade. When this happens, the winning trade is usually closed:
Too late, after the profit decreased considerably or even became negative profit (loss)Too early, before the trade’s profit will reach its highest amount possible Using the RobotFX Trailing Stop expert advisor for Metatrader, traders can cash in safer without having to continuously monitor thei…