Supertrend stop loss
A trailing stop is a tool that helps many Forex traders to protect their profits and limit their losses. With the Supertrend Trailing Stop MT4 EA, you can have your trades' stop-loss levels follow the famous Supertrend indicator line. Show What Is Supertrend Trailing Stop MT4 EA?Supertrend Trailing Stop MT4 EA is an expert advisor that can manage stop-loss of your orders. In particular, this expert advisor can use the Supertrend line for stop trailing purposes. Supertrend is a popular indicator among traders it is based on a mix of price averaging and ATR. Other than being a good source of entry and exit signals, Supertrend indicator is remarkable for stop-loss allocation as well. Trailing a stop-loss to te Supertrend line can be a good strategy to let the trend's profit run. Why Use Supertrend Trailing Stop MT4 EA?Risk management is one of the most important aspect in trading. Having a stop-loss will protect you from margin calls and big losses. In many cases, it is useful to have a trailing stop, which is a "moving stop". A trailing stop is a stop-loss where the value is updated when the price moves in the favor of the trade. There are many types of trailing stop it can be a fixed step change or it can follow some indicator. In the case of Supertrend Trailing Stop MT4 EA, the stop-loss follows the Supertrend Line. There are several advantages of using MT4 Supertrend Trailing Stop expert advisor:
ParametersThis expert advisor supports the following input parameters to be configured by the trader:
How to Download and Use Supertrend Trailing Stop EA?You can download the expert advisor using the link below and install it by following the presented instructions. Download MQLTA MT4 Supertrend Trailing Stop The installation is very easy to perform; the same is the use. Once you run the expert advisor, you can set all the necessary input parameters. Make sure you enable Live Trading in the Common tab when attaching the EA and also in the platform's menu ToolsOptionsExpert Advisors. Otherwise, it won't be able to modify orders. MT4 Supertrend Trailing Stop EA InstallationTo install the EA, please follow the instructions below:
Or you can read a more detailed instruction on how to perform the installation. You can open a trading account with any of the MT4 Forex brokers to freely use the presented here expert advisor for MetaTrader 4. |