Percent. Trails at percent profit. Works best with Threshold in Pips. When price goes above the threshold in pips, the stop loss is set to protect a percentage of the profits till trade is closed.
Fixed. Trails at a fixed pip profit. Works best with Threshold in Pips. When price goes above the threshold in pips, the stop loss is set a fixed distance below close and follows close till stop loss is hit.
ATR Exit. It uses close + ATR value to draw trailing stop lines (orange under buys, magenta over sells) that advance with the trend until the trend changes direction. It uses a multiple of the Average True Range (ATR), subtracting it’s value from the close on buy, adding its value to the close on sell. Moreover, the trailing stop lines are generated to support the order’s trend direction (long or short):
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ATR period — indicator period.
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ATR shift — indicator shift.
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ATR multiplier — ATR value multiplier.
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ATR Show Channel — if set to true, it will work on Channel Mode, SL lines on both sides of price. If set to false, it will work in Trend Mode, SL lines in direction of trend. Default is true.
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Important Note: In order to use visualize the ATR on the chart when using Apply Indicator Template=true, you need to download our free ATR Exit indicator (for MT4 or MT5)
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Note: When “ATR Show Channel” is set to false (Trend Mode), the trailing stop loss may not be assigned if the closing price for a buy trade is below the ATR line (or above the ATR line for a sell trade). This is because there is no ATR line to support the stop loss in such cases. When “ATR Show Channel” is set to true (Channel Mode), the stop loss lines will be placed on both sides of the price, ensuring that a stop loss is always visible.
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Moving Average Period — indicator period.
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Moving Average Shift — indicator shift.
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Moving Average Method — indicator method.
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Moving Average Applied Price — indicator applied price.
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Note: The trailing stop loss may not be assigned if the closing price for a buy trade is below the moving average line (or above the moving average line for a sell trade). This is because there is no moving average line to support the stop loss in such cases. The stop loss will only be present if the closing price for a buy trade is above the moving average line (or below for a sell trade).
- Chandelier Range — the range of the highest high or lowest low
- Chandelier Shift — indicator shift.
- Chandelier ATR Period — ATR indicator period.
- Chandelier Multiplier — ATR value multiplier.
- Chandelier Show Channel — if set to true, it will work on Channel Mode, SL lines on both sides of price. If set to false, it will work in Trend Mode, SL lines in direction of trend. Default is true.
- Important Note: In order to use visualize the ATR on the chart when using Apply Indicator Template=true, you need to download our free Chandelier Exit indicator (for MT4 or MT5)
- Note: When “Chandelier Show Channel” is set to false (Trend Mode), the trailing stop loss may not be assigned if the closing price for a buy trade is below the Chandelier line (or above the Chandelier line for a sell trade). This is because there is no Chandelier line to support the stop loss in such cases. When “Chandelier Show Channel” is set to true (Channel Mode), the stop loss lines will be placed on both sides of the price, ensuring that a stop loss is always visible.
Candle High Low Exit. It uses the highest high and the lowest low of a range to draw trailing stop lines (orange under buys, magenta over sells) that advance with the trend until the trend changes direction. Moreover, the trailing stop lines are generated to support the order’s trend direction (long or short):
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High / Low Candles Quantity — the number of bars back to calculate the lowest low and highest high.
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High / Low Candles Show Channel — if set to true, it will work on Channel Mode, SL lines on both sides of price. If set to false, it will work in Trend Mode, SL lines in direction of trend. Default is true.
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Important Note: In order to use visualize the Candle High Low Exit on the chart when using Apply Indicator Template=true, you need to download our free Candle High Low Exit indicator (for MT4 or MT5)
Bollinger Bands. Stop Loss follows the Bollinger Bands, lower band trailing longs, upper band shorts.
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Bollinger Bands Period — indicator period.
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Bollinger Bands Deviation — indicator deviation.
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Bollinger Bands Shift — indicator shift.
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Bollinger Bands Applied Price — indicator applied price.
- Note: The trailing stop loss may not be assigned if the closing price for a buy trade is below the lower Bollinger Band (or above the upper Bollinger Band for a sell trade). This is because there is no Bollinger Band to support the stop loss in such cases. The stop loss will only be present if the closing price for a buy trade is above the lower Bollinger Band (or below for a sell trade).
Parabolic. Stop loss follows the Parabolic SAR.
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Parabolic SAR Step — indicator shift.
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Parabolic SAR Maximum — indicator maximum.
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Parabolic SAR Shift — indicator shift.
- Note: The trailing stop loss may not be assigned if the Parabolic SAR points are not positioned below the price for a buy trade (or above the price for a sell trade). This is because the Parabolic SAR only provides support for the stop loss when its points are correctly placed relative to the trade direction. Therefore, the stop loss will only be present if the Parabolic SAR points are below the price for a buy trade (or above for a sell trade).
Envelope. Stop loss follows the Envelope bands.
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Envelope Period —indicator period.
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Envelope MA Method —indicator method.
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Envelope Applied Price —indicator applied price.
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Envelope Deviation % —indicator deviation percentage.
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Envelope Shift —indicator shift.
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Note: The trailing stop loss may not be assigned if the closing price for a buy trade is below the lower envelope band (or above the upper envelope band for a sell trade). This is because there is no envelope band to support the stop loss in such cases. The stop loss will only be present if the closing price for a buy trade is above the lower envelope band (or below the upper envelope band for a sell trade).
Ichimoku Kijun-Sen. Stop loss follows the blue Ichimoku Kijun-Sen line.
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Ichimoku Tenka-Sen — Tenka period.
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Ichimoku Kijun-Sen — Kijun-Sen period.
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Ichimoku Senkou Span B — Senkou Span B period.
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Note: The trailing stop loss may not be assigned if the closing price for a buy trade is below the Kijun-Sen line (or above the Kijun-Sen line for a sell trade). This is because there is no Kijun-Sen line to support the stop loss in such cases. The stop loss will only be present if the closing price for a buy trade is above the Kijun-Sen line (or below for a sell trade).
