auto sl t p
Info
The auto sl t p is a Expert Advisor for MetaTrader 4 that dxerofthis ea will help you set stop loss and take profit on your open position (manual order). ea can set sl/tp to all pairs, and you just need attach the ea on one pair only.
Usage
This tool is typically used for automated trading on major forex pairs and gold.
Platform
This Expert Advisor works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Experts folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use auto sl t p
1. Installation: Open the "File" menu, select "Open Data Folder," navigate to MQL/Experts, paste your file, and restart the terminal.
2. Activation: Drag the EA from the Navigator onto a chart, ensure "Allow live trading" is checked in the Common tab, and verify the AutoTrading button is green.
3. Optimization: Right-click your chart, choose "Expert List," click "Properties" to adjust inputs, and save your preferred setup as a set file for future use.
4. Maintenance: Regularly check the "Experts" tab in the terminal window to monitor trade logs and potential execution errors.
Frequently Asked Questions
Q: Why is my EA not opening trades? A: Check the "AutoTrading" button, ensure "Allow live trading" is enabled, and verify your broker allows automated trading on your account type.
Q: Can I run multiple EAs on one chart? A: No, each chart can only host one active EA; however, you can open multiple charts for different currency pairs to run several EAs.
Q: What does the "smiley face" icon mean? A: A smiley face in the top-right corner of the chart indicates the EA is successfully running; a frowny face means it is disabled.
What this tool does
dxerofthis ea will help you set stop loss and take profit on your open position (manual order).
Typical Use Case
This Expert Advisor excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Expert Advisor works on MetaTrader 4. Place the file in the MQL4/Experts folder and restart the terminal.
Description & Settings
Related: Quantora Break Even Manager MT4 - Professional Automatic Break Even Utility - another powerful expert for MetaTrader 4 traders.
Also recommended: Quantora Trailing Stop Manager: Automatic Stop Loss for MT4 - similar expert with strong performance on MetaTrader 4.
dxerofthis ea will help you set stop loss and take profit on your open position (manual order).
ea can set sl/tp to all pairs, and you just need attach the ea on one pair only.
in the input settings, you can set single pair or all pairs. if allpairs = true, it means ea will manage all pairs. just attach on one chart, ea will work with all pairs.
little update:
name: autosltp upd.mq4
input settings:
You may also like: e-news-lucky$ - automated news trading expert advisor - excellent alternative for expert users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.00"
input bool allpairs=true;
input double takeprofit=400; //40-->4 digits; 400-->5 digits
input double stoploss=150; //15-->4 digits; 150-->5 digits
input double durasitime=60;
int ticket;
double poen;
string pair="";.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.