LOCTrailing with Partial Close is 10 in 1 automated order trailing expert advisor (EA) with a breakeven and partial close functions.
LOCTrailing with Partial Close expert advisor will automatically trail your opened positions using one of nine trailing algorithms. It allows you to specify a breakeven level to automatically move your stop loss in a breakeven after a certain pips of profit. Partial Close function can be configured to close a part of the position after specified profit. Unlimited number of levels (parts) can be configured.
How this expert advisor works.This type of ea doesn’t open orders itself. The main goal of this ea is to protect with a stoploss opened orders. Also EA can close a part of the position after specified pips of profit.
The working process looks like this:
1. You open an order buy or sell.
2. EA monitors it and after certain pips of profit sets the stop loss.
3. EA moves the SL value in your favor with the selected algorithm.
4. EA closes a part of the position at specified level of profit.
For example:You can protect your order with a stoploss of 1 pip after 15 pips of profit. The breakeven function is right for that.
And start trail using fractals (or one of other trailing methods) when profit reaches 100pips. In addition you can setup 3 levels to close parts of the position (take profit in parts) e.g. you can setup to close 0.03 lots at +10 pips of profit, 0.01 lots at +25 pips of profit and 0.05 lots at +50 pips of profit assuming you trade with 0.1 lot the remaining position of 0.01 lots will stay untill closed by trailing stop.
LOCTrailing with Partial Close Expert Advisor Features- 9 trailing algorithms - Simple, Parabolic, ATRStop, X bars back, Fractal, Bollinger Bands, Approaching, Kijun-sen (part of Ichimoku), Moving Average (MA), Percent trailing
- Breakeven Functionality
- Partial Close (Partial Take Profit) Function
- Unlimited Number of partial close levels can be configured.
- Live visual info about orders the EA is tracking
- Customizable input parameters of the indicators used.
- Can move SL only in profit area or instantly after an order was placed.
- Can set Stop loss and Take profit instantly after an order is placed.
- Works on any timeframe and any pair.
- Works on 4 digit and 5 digit accounts.
More detailed info about LOCTrailing with Partial Close EA and input parameter description you can find in the manual:
LOCTrailing with Partial Close Expert Advisor Manual (PDF)Instant download link will be provided immediately after your purchase.
One Year of free upgrades and support included.