5 Dynamic Trailing Stop Modes
Advanced automated trade trailing adapted to volatility, market structure, and candlestick geometry.
What It Does
ChartWise provides 5 professional-grade trailing stop algorithms: Fixed Pips, ATR Volatility, BE-Then-Trail, Candle Close, and Market Structure.
How It Works in ChartWise
- Fixed Pips: Classic trailing with customizable step intervals.
- ATR Dynamic: Calculates Average True Range to adapt to market volatility.
- BE-Then-Trail: Snaps Stop Loss to entry first, then trails.
- Candle Close: Moves SL behind highs/lows on bar close.
- Market Structure: Trails swing highs/lows.
Every mode shares an activation threshold in pips (default 15): the EA will not trail a position until it is in profit by that amount.
Settings & Configuration Options
| Mode | Primary Input | Best Used For |
|---|---|---|
| Fixed Pips | Distance in pips | Simple momentum scalping. |
| ATR Dynamic | ATR Scale (stored in tenths of ATR, e.g. 15 = 1.5×) | Gold (XAUUSD), Indices, and volatile pairs. |
| BE-Then-Trail | Trail distance after break-even | Breakout trades. |
| Candle Close | Timeframe (M1, M5, M15, M30, H1, H4, D1) | Avoiding intra-candle wick outs. |
| Market Structure | Structure timeframe (swing depth is built in) | Swing trading and multi-day runs. |
| All modes: Activation | Pips in profit before trailing starts (default 15) | Keeping the trail off an untested entry. |
When to Use It
- Riding Strong Trends: Keep your position open for the entire duration of a macro move.
- Hands-Off Management: Let algorithmic rules manage exits while you sleep.
"A static take-profit caps your upside. A dynamic trailing stop lets your winners run."
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