Stop Loss Magic Number by juravvlik

Stop Loss Magic Number 

Description

All offsets in this utility are calculated in USD.

A reliable Stop Loss manager for loss protection, auto trailing and profit locking.

Suitable for both beginners and advanced traders thanks to simple and extended modes.

Fully automates trade management and helps eliminate emotional decision-making.

Utility Features

 Default Mode — simple mode

Designed for quick and easy use.

Includes basic trade management logic:

• loss protection (Loss Protection Offset)

• auto trailing (Trailing Offset)

Just set the key parameters — the utility handles the rest automatically.

 Magic Mode — advanced mode

Provides flexible and precise control over positions.

Uses Magic Number — a unique trade identifier that allows managing positions separately.

Supports multiple parameter groups:

• dedicated settings for manual trades

• dedicated settings for Strategy 1

• dedicated settings for Strategy 2

Allows managing multiple strategies independently and applying different settings to different trades.

 Adaptive Offsets

Supports candle classification logic.

Offsets can automatically adjust depending on current market movement conditions.

Inputs

Loss Offset

Initial loss protection level

Activation Offset

Level where active management begins

Break-Even Offset

Adjustment relative to entry after activation

Trailing Offset

Distance for trailing stop

Trailing Step

Step size for Stop Loss updates

Magic Number

Identifier for managing specific positions

Units Mode (USD / Points)

Defines how values are calculated

Compatibility with ET classification ( Candle Volatility ET Classifier free indicator )

This Stop Loss utility is a completely independent tool and can be used without any additional indicators.

However, its capabilities can be significantly expanded when used in conjunction with the Candle Volatility ET Classifier indicator.

When connected, the utility is able to read volatility classes (ET classification) and adapt its behavior depending on the current market state.

  Candle Classification (ET)

This utility can work both independently and in conjunction with the indicator.

Candle Volatility ET Classifier (free).

ET classification is a system that divides candles by size (volatility).

You set the ranges, and the candles are divided into classes:

• Noise – market noise (ignored)

• S — small candles

• M — medium

• L — large

• XL — extreme

When ET classification is enabled, Stop Loss adapts its behavior:

• changes loss protection offsets

• changes trailing offsets

• adapts to current volatility

This allows the system to operate differently under the following conditions:

• weak movement

• normal market

• strong impulse

This makes Stop Loss more flexible and contextual, as opposed to fixed settings.

  Important

The Noise class is intentionally ignored.

It means:

• Noise does not react

• Stop Loss behavior does not change with minor fluctuations

This allows you to avoid unnecessary triggers due to market noise.

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Additional

Simple and reliable tool that helps to:

• protect trades from losses

• automatically manage positions

• lock in profits

Works with both manual trading and Expert Advisors.

It is recommended to review the screenshots to better understand how the utility works.

Recommendations and Notes

• Test the utility on a demo account before using it live

• Adjust offsets depending on symbol and timeframe

• Make sure the correct mode is selected

• Always verify settings before live trading

Works only in MetaTrader 5 (MT5)

Additional

More tools and advanced versions are available in the author’s profile