The KALIFX Trailing Stop EA

The KALIFX Trailing Stop EA is an expert advisor for MT4 that automatically trails and adjusts the stop-loss level as the market price moves in a favorable direction. Instead of setting a static stop-loss, this EA allows traders to "trail" their stop-loss at a certain distance below the current market price. This automated approach helps traders lock in profits while protecting against potential reversals.

Key Features:

• Dynamic Trailing Stop: Automatically adjusts the stop-loss level as the market price moves in your favor, ensuring profits are secured.
• Automatic Stop-Loss & Take-Profit: Sets stop-loss (SL) and take-profit (TP) levels for each trade according to your preferences.
• Breakeven Functionality: Moves the stop-loss to breakeven when a trade reaches a certain profit level, protecting against potential losses.
• User-Friendly: A simple yet effective tool for managing your stop-loss levels in MT4. However, it’s important to understand its limitations and consider alternatives before purchasing.

Input Parameters:

1. Automatic Stop-Loss and Take-Profit: Sets SL and TP for each trade according to your preferences.
2. Use Trailing Stop: Enables the trailing stop feature. Set to true to enable, false to disable.
3. Trailing Start: Specifies the number of pips above the open price level before the trailing stop is triggered.
4. Trailing Step: Defines the increment (in pips) for adjusting the stop-loss level as the trade moves in your favor.
5. Use Breakeven: Enables the breakeven feature. When a trade reaches a specified profit level, the stop-loss is moved to the breakeven point (trade's open price level). Set to true to enable.
6. BE % of Take-Profit: Specifies the percentage of TP at which the breakeven point is triggered.
7. BE Offset in Pips: Defines the number of pips above the open price level where the stop-loss will be moved to breakeven.

Note: It is recommended to test the EA on a demo account to understand its functionality and optimize the settings to suit your trading strategy.

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