New Concept: Trailing Take Profit - MetaTrader 5 Expert | MT5 EA Download - MetaTrader 5 Resources

Different from trailing stop loss, trailing stop loss will track the price until the price hits the stop loss, and the position can be closed with a profit; while trailing stop loss will take profit and track the price when the position loses money, and finally close the position with a loss.

For example, if the position is in loss and the current price touches TrailingTPStart (for example, TailingTPStart is 500 points, when the price reaches 500 points from the opening price and the position is in loss -500 points), then the take profit starts from the tracking price, and TrailingTPDistance is the maximum distance between the trailing take profit and the price.

I don't know if this will help you, but this concept can be used in some EAs without stop loss to reduce losses at certain points.

Attachment download

📎 trailingtakeprofit.mq5 (3.73 KB)

Source: MQL5 #45379