change tp s l by percentage
Info
The change tp s l by percentage is a Expert Advisor for MetaTrader 4 that the expert will help you change the tp/sl of all open orders by setting the tp/sl based on the input percentage value. recommendations:change the tp/sl accurately only if all open orders are for same symbol set the leverage accordingly as indicated in the expert.
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 change tp s l by percentage
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
the expert will help you change the tp/sl of all open orders by setting the tp/sl based on the input percentage value.
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: close positions by percentage profit or loss - another powerful expert for MetaTrader 4 traders.
the expert will help you change the tp/sl of all open orders by setting the tp/sl based on the input percentage value.
Also recommended: close all orders once the drawdown reaches a specific percentage - similar expert with strong performance on MetaTrader 4.
recommendations:change the tp/sl accurately only if all open orders are for same symbol
set the leverage accordingly as indicated in the expert. enter leverage value(ex. 1:200-->0.5, 1:100-->1, 1:400-->0.25)
the expert to load the specific symbol chart
Source Code
#property copyright "RobotFX"
#property link "https://robotfx.org"
#property version "1.00"
#property strict
extern string TPPer = "<<< TakeProfit Percentage >>>";
extern double Percentage_profit=40;//Profit Percentage
extern string SLPer = "<<< StopLoss Percentage >>>";
extern double Percentage_stoploss=90;//Stop Loss Percentage
extern string Lev = "<<< Enter leverage value(1:200-->0.5, 1:100-->1, 1:400-->0.25) >>>";
extern double Symbolleaverage=0.5;//Enter leverage value(1:200-->0.5, 1:100-->1, 1:400-->0.25).......
⚠ 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.