Trader Marks Trailing SL + TP (BE @ 66%)

📌 Title

Trader Marks Trailing SL + TP (BE @ 66%)

📌 Description

This indicator combines Stop-Loss, Take-Profit, and Trailing Stop management into one tool.
It offers two different modes:

S/L+ EXACT → Reproduces the classic ATR Trailing Stop Indicator [Chart] (by ZenAndTheArtOfTrading) with full accuracy.

Advanced (Delay + BE + Ratchet) →

Uses a fixed SL until X hours after entry

Then switches to ATR-based trailing stop (ratchet, never reverses)

Moves the stop to Break-Even once Y% of the distance to the target has been reached

📌 Features

✅ Two modes: Classic & Advanced
✅ Works for both Long & Short trades
✅ Manual entry, SL and TP levels
✅ Start delay for trailing (e.g. 12 hours)
✅ ATR-based ratcheting (never moves backwards)
✅ Automatic Break-Even stop at 66% of the way to TP (adjustable)
✅ Visual plots for Entry, SL, TP, current Stop, and 66%-threshold
✅ Alerts for Stop-Hit, TP-Hit, and BE activation

📌 Parameters

Setup

Direction: Long / Short

Entry Price

Stop-Loss

Take-Profit (manual)

Mode

S/L+ EXACT

Advanced (Delay+BE+Ratchet)

S/L+ Parameters

ATR Length (default 14)

High/Low lookback (default 7)

ATR Multiplier (default 1.0)

Basis: High/Low, Close, or Open

Advanced Parameters

ATR Length (e.g. 14)

ATR Multiplier (e.g. 1.0)

Update only on bar close (true/false)

Start delay in hours (e.g. 12)

BE Threshold in % of distance to TP (default 66%)

Option to stop trailing after BE

📌 Alerts

Stop Hit (Long)

Stop Hit (Short)

TP Reached (Long)

TP Reached (Short)

Break-Even Active

📌 Recommended Defaults

Mode: Advanced (Delay+BE+Ratchet)

ATR Length: 14

Lookback: 7

ATR Multiplier: 1.0

Start Delay: 12 hours

Break-Even Threshold: 66%