Drag SL TP
Info
The Drag SL TP is a Expert Advisor for MetaTrader 4 that there are numerous implementations of this concept. Why is this one different.
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 Drag SL TP
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
There are numerous implementations of this concept.
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: double lot sea dragon - another powerful expert for MetaTrader 4 traders.
There are numerous implementations of this concept. Why is this one different?This EA employs a novel approach to object manipulation, utilizing a true drag-and-drop principle implemented in pure MQL without relying on system DLLs.
Also recommended: nn f x auto trader - similar expert with strong performance on MetaTrader 4.
Key Features:
- All standard functionality is available (refer to the video for details).
- Modifications are applied only after the line is dropped, ensuring no multiple modifications.
- Confirmation mode for user validation.
- Help text for each action, providing clear guidance.
- Efficient order closing mechanism.
- Automatic stop placement for new orders.
This EA offers a unique and intuitive approach to order management, enhancing your trading experience.
You may also like: oc o order on meta trader4 platform , mt4 (one cancels the other) - excellent alternative for expert users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
extern int slippage = 3;
extern int timestorepeat = 3;
extern color sl_color = red;
extern int sl_style = 3; // stoploss line
extern color tp_color = green;
extern int tp_style = 3; // takeprofit line
extern bool confirmactions = false;
extern bool autosetsl = true;.......
⚠ 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.