{"id":15866,"date":"2018-10-10T16:08:56","date_gmt":"2018-10-10T23:08:56","guid":{"rendered":"https:\/\/www.tradingheroes.com\/?page_id=15866"},"modified":"2023-09-05T18:44:28","modified_gmt":"2023-09-06T01:44:28","slug":"trailing-stop-r-multiple-ea-mt4","status":"publish","type":"page","link":"https:\/\/www.tradingheroes.com\/mt4-plugins\/trailing-stop-r-multiple-ea-mt4\/","title":{"rendered":"Risk Multiple Trailing Stop Loss Expert Advisor for MetaTrader 4"},"content":{"rendered":"

Automatically Trail Your Stop Loss By Risk Multiple
\nin MetaTrader 4<\/h1>\n

\"R-multiple<\/p>\n

Trailing your stop loss on your trades is a proven way to let your winners run.<\/p>\n

A properly configured trailing stop loss allows you to minimize your risk, while helping you take advantage of big market moves.<\/strong><\/p>\n

But trailing your stop loss correctly can be tricky…<\/em><\/p>\n

Set the trailing stop too tight and you will get stopped out before a big move.<\/p>\n

If you set it too wide, you will give up a lot of gains.<\/p>\n

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.<\/p>\n

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What Professional Traders Have to Say…<\/h2>\n
“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.”<\/div>
Darren Littlewood, Professional FX Trader<\/span><\/div><\/div>\n

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Why Traders Use R-Multiple Trailing Stop Losses<\/h2>\n

The beauty of using a R-multiple trailing stop loss<\/strong> is that there is no second guessing when your stop should be moved.<\/p>\n

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.<\/p>\n

But if you use a R-multiple EA, it's a no-brainer.<\/p>\n

…and with this EA, you will never miss an opportunity to lock in profits or move your stop to breakeven.<\/p>\n

This frees you up to have a life and will prevent you from tinkering with perfectly good trades.<\/p>\n

$297<\/h3>\n

Buy Now<\/span><\/a><\/div>\n

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Why Automated Trailing Stop Losses On Most Broker Platforms Fail<\/h2>\n

Yes, some brokers give you the ability to trail your stop loss on their platform…<\/p>\n

But the problem is that many of these solutions seem great in theory, but don't work in\u00a0real<\/em>\u00a0market conditions.<\/strong><\/p>\n

For example…<\/p>\n

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.<\/p>\n

This actually works against you.\u00a0<\/em><\/p>\n

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.<\/p>\n

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.<\/p>\n

This is especially true with volatile currency pairs like the GBP\/JPY.\u00a0<\/em><\/p>\n

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.<\/strong><\/p>\n

That is why so many traders use a R-multiple trailing stop loss.<\/p>\n

But we weren't able to find a high quality EA that would do this.<\/p>\n

So we found an elite programmer to create one for us.<\/p>\n

Here's how it works…<\/p>\n

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SDS TradeManager EA Settings Explained<\/h2>\n

\"Trailing<\/p>\n

Here's an explanation of the settings:<\/p>\n