Available soon
Loading product…
Day and Trail is an MT4 expert advisor that enters when price breaks the previous day's high or low, then manages the trade with a trailing stop. It has an optional lot-increase recovery mode, trading hours and end-of-day closing rules.
Get one message the moment it launches, with its price.
Day and Trail is an expert advisor for MetaTrader 4 that trades breakouts of the previous day's range. It places at most one trade a day, lets the position run with a trailing stop instead of a fixed target, and can optionally increase lot size after a loss to try to recover it.
The EA looks at the high and low of the previous trading day. When price moves beyond one of those levels, it opens a position in the direction of the break. The idea is that a move beyond yesterday's extreme often coincides with rising volatility, so price may travel further. A clearance setting, measured in points, lets you require price to go a certain distance past the level before entering.
There is no fixed take profit. Each trade starts with an initial stop loss, and once profit reaches a minimum you define, a trailing stop follows price. The position is closed when price reverses far enough to hit the trail. You can also decide what happens at the end of the day: leave trades open, always close, close only if in profit, or close only if in loss.
If a trade closes at a loss before the trailing stop moved into profit, the recovery function can raise the next lot by a multiplier you choose. This is a loss-chasing technique: it can repay a loss quickly, but it also makes the next position larger and can deepen a drawdown when several trades in a row lose. The number of consecutive attempts is capped by a setting, after which the EA returns to its normal lot.
The default inputs were tuned for GBPJPY. The author states the chart timeframe is not important, because the signal is based on daily levels. Other forex pairs can be used, but expect to adjust stop, trailing and clearance values. If you run several pairs on one account, reduce the lot-per-margin setting so that total exposure stays reasonable.
| Group | What you can set |
|---|---|
| Main | Comments, magic number, message language, clearance in points |
| Lot management | Automatic or fixed lot, lot per 1000 units of free margin, fixed lot size |
| Recovery | Enable or disable, lot multiplier, maximum attempts |
| Trading time | Start hour and end hour for new entries |
| Stop loss control | Initial stop, trailing stop size, minimum profit before trailing starts |
| Exiting the market | End-of-day closing method and forced closing hour |
Exact default values can differ by build, so read the input tab after attaching the EA and confirm them against your broker's point size and spread.
Trading carries risk, and past results, including any backtest, do not predict future ones. Recovery mode increases position size after losses. Test on a demo account, use modest lot settings and never risk money you cannot afford to lose.
Because trades depend on the daily levels and trailing stop, a stable connection matters. Many users run it on a VPS. Before trading real funds, check your broker's server time, since the start and end hour inputs are based on it.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 4 |
| Strategy focus | Breakout |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor |
| Strategy | Daily range breakout with trailing stop |
| Markets | Forex pairs; defaults tuned for GBPJPY |
| Timeframes | Author states any chart timeframe can be used |
| Trade frequency | At most one trade per day |
| Money management | Automatic lot by free margin, or fixed lot |
| Requirements | Algo trading enabled, stable connection or VPS |
No reviews yet. Customers who own Day and Trail can review it here.
This listing is the MT4 edition and will only run in MetaTrader 4. A separate MT5 edition exists, so if you use MetaTrader 5 you need that one instead.
The author says the timeframe does not affect results because the logic uses the previous day's extremes. Even so, test your chosen chart in the Strategy Tester with your broker's data before going live.
The default inputs were tuned for GBPJPY. Other pairs can be used, but you should expect to re-optimise stop, trailing and clearance values, and to check spread and swap conditions with your broker.
After a losing trade, the next trade can use a larger lot, multiplied by the factor you set, to try to make up the loss. It is limited by the maximum attempts setting. Because it raises position size after a loss, it increases risk, so you can switch it off or keep the multiplier low.
The author mentions very small deposits are possible, but the real minimum depends on your broker's minimum lot, leverage and account type. Check these and test on a demo account first.
Extract the download, copy the expert file into the MQL4/Experts folder through File, Open Data Folder, restart or refresh MetaTrader 4, then drag the EA onto a chart with Algo Trading enabled.
Day and Trail
Notify me at launchQuestions about this tool?
Ask us on Telegram Install guide for MT4 and MT5 Get a custom version builtFree, practical help with testing, sizing and running expert advisors.
More MT4 tools with a similar focus.
Own Day and Trail? Sign in to review it.