Cm Universal Trailing Stop
Cm Universal Trailing Stop — a MetaTrader 4 expert advisor (trading robot) kept in the Old Kings collection. As the name suggests, the idea behind it is trailing stops. Its source code uses moving averages, ATR, Parabolic SAR and fractals. It moves the stop behind price and can size trades from your risk. It has 16 settings, for example Virtual Trailing Stop (default false), parameters trailing (default i) and delta (default 50). Before any live use, test it on a demo account and check its lot size, stop loss and trading hours. Inside: 1 EA file with source code (.mq4) you can open and edit in MetaEditor. Old Kings are classic community tools shared as-is. Not tested by PolyMaria. Try it on a demo account first. Are you the author of this tool? Message us on Telegram (@abumarket_support) and we will credit you or take it down.
Expert advisor · MT4 · v1.0 · Free
About Cm Universal Trailing Stop
Cm Universal Trailing Stop is an expert advisor (trading robot) for MetaTrader 4 based on Moving Average, ATR, Parabolic SAR and Fractals. It moves the stop loss behind price (trailing stop / break-even) and can size trades from your balance and risk percent. It has 16 settings, such as Virtual trailing stop, Parameters trailing and Delta. MQL source code included.
Files in the download: cm_universal_trailing_stop.mq4.
Trading robots can lose money. Check every setting and test on a demo account before using real funds.
Settings
| Setting | Default | What it does |
|---|---|---|
| Virtual trailing stop | false | Virtual trailing stop |
| Parameters trailing | i | Trailing method |
| Delta | 50 | Offset from the stop loss calculation level |
| Tf tralling | af | Timeframe of the indicators (0-current) |
| Step trall | 1 | Stop loss movement step |
| Start trall | 1 | Minimal profit of trailing stop in points |
| General no loss | true | Trailing from breakeven point |
| Magic | -1 | Which magic to trail (-1 all) |
| Advanced options | ||
| Period atr | 14 | ATR period (method 3) |
| Step | 0.02 | Parabolic Step (method 4) |
| Maximum | 0.2 | Parabolic Maximum (method 4) |
| Ma period | 34 | MA period (method 5) |
| Ma method | MODE_SMA | Averaging method (method 5) |
| Applied price | PRICE_CLOSE | Price type (method 5) |
| Percetn profit | 50 | Percent of profit (method 6) |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 4 open File → Open Data Folder, then go to MQL4 → Experts.
- Copy the .mq4 file(s) there. Put any .mqh files in MQL4 → Include.
- Open the .mq4 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the expert advisor from the Navigator onto a chart, check the settings, allow Algo/Auto Trading and press OK.
- Test it first on a demo account or in the Strategy Tester.
Tags: Trailing Stop & Break-even · Risk & Lot Size · Moving Average · ATR · Parabolic SAR · Fractals · MT4 Expert Advisor · MQL4 Source Code