Description
TrailStop-GURU is the combination of the most efficient TrailStop technics.
This cBot modifies the StopLoss of the previously opened (by manual or other cBots) positions only! Does not open new trades or close the existing one.
Very useful for every manual/automated traders who have not automated StopLoss protection method.
It has six different running mode to determine the new StopLoss value:
1., ATR based (same as the well known SuperTrend indicator)
2., Fix pips (classic mode of TrailStop calculation)
3., EMA based
4., SMA based
5., Parabolic SAR based
6., Last X candles Low/High
StopLoss calculation:
Mode 1 ATR based: newSL = Current Price +- ATR multiplier * ATR(Period)
Mode 2 Fix Pips : newSL = Current Price +- TrailPips
Mode 3 EMA based: newSL = EMA(Period)
Mode 4 by Candles: newSL = Highest High/Lowest Low of the last X candles
Mode 5 SMA based: newSL = SMA(Period)
Mode 6 PSAR based: newSL = PSAR
the cBot uses the actual time frame for the indicators (ATR, EMA, SMA, PSAR) and manages the positions with same symbols only. If you attach the cBot to EURUSD: only the EURUSD positions will be managed. If you have more symbols: you should use more cBots at same time.
But in FixPips mode: you can use one cBot for all positions/all different symbols if “Manage all pos”=true
Please try the Free version on Demo first if you have doubts how it works.
– Free version works on Demo accounts only.
– Full version works on any symbol and time frame without limitations.
cTrader, Metatrader4, Metatrader5 versions are available.
The cBot requires FULL Access Rights to run.
This is important otherwise the cBot and its special functions won’t work
for example: MessageBox, Telegram or Email notifications, Save/Load the cBot/User parameters etc.
Keep calm. Nothing dangerous will happen!
