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Risk Multiple Trailing Stop Loss EA for MT4

Risk multiple trailing stop EA
Risk Multiple Trailing Stop EA settings
Trailing Stop Loss EA for MetaTrader 4

$297.00

Lock in your profits by automatically trailing your stop loss by risk multiple. Select how many R you want to trail your stop by.

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Category: MetaTrader 4 Custom Expert Advisors (EA) Tags: Snapdragon Systems Products, Trailing Stop Loss
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Description

Automatically Trail Your Stop Loss By Risk-Multiple in MetaTrader 4

Trailing Stop Loss EA for MetaTrader 4

Trailing your stop loss on your trades is a way that professional traders let their winners run.

A properly configured trailing stop loss allows you to minimize your risk, while helping you take advantage of big market moves.

But trailing your stop loss correctly can be tricky…

Set the trailing stop too tight and you will get stopped out before a big move.

If you set it too wide, you will give up a lot of gains.

Using a risk (also simply known as R) multiple trailing stop loss can be a great way to give your trades the proper space to develop to their full potential.

What a Professional Trader Has to Say…

“One of the key strategies that has helped be become a full-time trader is to trail my stop losses on winning trades by R [risk] multiple. Snapdragon’s Trailing R-Multiple Expert Advisor is the only EA that I trust to do this in my primary account.”
– Darren Littlewood, Professional FX Trader

Why Traders Use R-Multiple Trailing Stop Losses

The beauty of using a R-multiple trailing stop loss is that there is no second guessing when your stop should be moved.

If you use other methods like trailing your stop at support/resistance levels, these levels can be very subjective and can lead to doubts as to if you should move your stop or not.

But if you use a R-multiple EA, it’s a no-brainer.

…and with this EA, you will never miss an opportunity to lock in profits or move your stop to breakeven.

This frees you up to have a life and will prevent you from tinkering with perfectly good trades.

$297

Buy Now
(one-time payment)

 

 

Why Automated Trailing Stop Losses On Most Broker Platforms Fail

Yes, some brokers give you the ability to trail your stop loss on their platform…

But the problem is that many of these solutions seem great in theory, but don’t work in real market conditions.

For example…

Trailing stop losses on many platforms are “rolling” stop losses. In other words, the stop loss stays constant relative to current price, and moves with every tick of the market.

This actually works against you. 

For example, let’s say that you have a trade where you are able to set a tight 25 pip stop loss. With such a tight stop, there is excellent potential to get several R multiples of profit out of the trade.

But if you use a rolling stop loss with such a tight stop, you are also much more likely to get stopped out because price can retrace 25 pips in a heartbeat.

This is especially true with volatile currency pairs like the GBP/JPY. 

If you trail your stop loss by one or two R-multiples, or more, that gives your trades room to breathe and can potentially increase your probability of catching a big run.

That is why so many traders use a R-multiple trailing stop loss.

But we weren’t able to find a high quality EA that would do this.

So we found an elite programmer to create one for us.

Here’s how it works…

SDS TradeManager EA Settings Explained

Risk Multiple Trailing Stop EA settings

Here’s an explanation of the settings:

  • BE_R: The R level at which the stop loss is moved to breakeven. If you don’t want to use this functionality then simply set it to a very large value.
  • TrlStart_R: The R level at which the trailing stop activates. If you don’t want to use this functionality then simply set it to a very large value.
  • TrlSize_R: Control the number of R multiples by which the stop loss trails behind the market. So a value of 1.5 will trail the stop loss 1.5 times the initial risk behind the most extreme move so far.
  • TrlAdj_R: Set the “granularity” of the adjustments to the trailing stop. So if the value is set to 0.5R, then the stop loss will only be adjusted every time price hits the next 0.5R level.
  • StopType:
    • Intrabar: The stop loss is adjusted on every tick.
    • OnClose: Adjustments are only made on the close of each bar.
  • ShowEntryAndStop:
    • True: The EA will draw in the entry and initial stop loss levels as part of the drawing of the R levels.
    • False: The entry and initial stop loss levels will not be shown.
  • ShowRLevels:
    • True: The R levels for the trade will be drawn on the chart.
    • False: The R levels will be hidden.
  • RInterval: The R level increments that you want to see on the chart.
  • RLast: Set the maximum R value that is drawn on the chart.
  • NumBarsWidth: Specifies the length of the R-levels plots (in bars) that the lines are drawn.
  • DeleteLinesOnTradeClose:
    • True: Plot lines are removed once the trade is closed.
    • False: Plot lines will remain on the chart after the trade is closed.
  • DeleteLinesOnEARemoval:
    • True: Plot lines are removed once the EA is removed from the chart.
    • False: Plot lines remain on the chart after the EA is removed.
  • LineThickness: Allows you to adjust the thickness of the R level plot lines.
  • Line_Colour: Choose the color of the R level plot lines.
  • LineStyle: Pick the style of the R level plot lines (solid, dotted etc.).
  • Font_size: The size of the font that is used to label the R level plot lines.
  • Font_type: Select the font that is used to label the R level plot lines.
  • Font_Colour: This specifies the color of the font that is used to label the R level lines.
  • LevelLabelOffset: Choose how close the label is drawn to the R level lines.

As you can see, this EA is very flexible and can be tailored to the needs of almost any trader who wants to use a R-multiple trailing stop loss.

$297

Buy Now
(one-time payment)

 

Hedge Fund Quality Programming and Support

Adam HartleyAre you tired of downloading half-baked Expert Advisors from forums? It can take forever to find one that actually works…and good luck getting support.

When your hard-earned money is on the line, you deserve the very best.

This EA has been custom built from the ground up by Adam Hartley of Snapdragon Systems. Adam has done custom programming for clients like the Tudor Group (Paul Tudor Jones), Barclays Capital and many more.

When you buy this EA, you can be assured that you are getting the highest quality programming at a reasonable price. Snapdragon Systems provides full support for this indicator and you can contact them if you have any questions.

Frequently Asked Questions

Click the “+” symbol to see the answer to each question.

Is there a guarantee?
If you have any issue with the indicator, contact support and they will work with you for as long as it takes to get your issue resolved. If you still cannot get the EA to work, we have a 30-day money back guarantee.
Will this work with my broker?
This indicator will work with any broker that uses the MT4 platform.
How do I download the EA after I purchase it?
After you purchase the EA, you will receive an email that shows you how to download it.
Does my computer have to be turned for MT4 to trail the stop loss?
Yes. You will install this EA on the desktop version of MT4 and leave your computer on with MT4 running on. If you cannot keep your computer on all the time, you can also use a Virtual Private Server (VPS) service to host MT4 and send you alerts. See our resources page to find the VPS we recommend.
Can I pay with Cryptocurrency?
Yes! Simply select your favorite crypto at checkout and get an additional discount.
Will this indicator work on a Mac?
This indicator will work on almost all Macs that have MT4 already installed. However, if you use programs like Wine, Crossover for Mac, and PlayOnMac to run MT4, you may have issues. We strongly advise against using these types of software that try to run Windows programs without an actual installation of Windows. Programs that require an installation of Windows (like VMWare or Parallels) usually work great. The best thing to do before buying this indicator is to download a free indicator and see if you can add it to your installation of MetaTrader. If you can, then this indicator will work also.
Will this EA work on the mobile or web versions of MT4?
No, you can only use custom EAs with the desktop version of MT4.
How do I download the EA after I purchase it?
A download link will be sent to you after purchase. You will also be sent an activation key and instructions on how to activate the software after you install it. 
Can I use this EA on more than one computer?
The license for this EA allows you to use it with a maximum of 1 demo account and 1 live account. So if you have these 2 accounts on different computers, you can use this EA on 2 different computers.

$297

Buy Now
(one-time payment)

 

More Information

Platform

For MetaTrader 4 desktop version only

Payment Options

Major Credit Cards, PayPal, Bitcoin or Bitcoin Cash

Payment Type

One-time payment, no recurring charges

Refund Policy

30-day money back guarantee

Terms of Use

Although every effort has been made to create the best MetaTrader plugins on the market, we are not responsible for trading losses associated with the use of this indicator. By using this plugin, you automatically agree to our <a href="https://store.tradingheroes.com/terms/">terms of use</a>. No representation is being made that this plugin will guarantee profits, or not result in losses from trading.

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