Hidden Stop Loss and Take Profit EA
Info
The Hidden Stop Loss and Take Profit EA is a Expert Advisor for MetaTrader 4 that this expert advisor (ea) implements a hidden stop loss and take profit system, providing a strategic approach to trade management. Usage:1.
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 Hidden Stop Loss and Take Profit EA
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
This Expert Advisor (EA) implements a hidden stop loss and take profit system, providing a strategic approach to trade management.
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: MD Scalper EA: Trend/Reversal Scalping with Trailing Stop - another powerful expert for MetaTrader 4 traders.
This Expert Advisor (EA) implements a hidden stop loss and take profit system, providing a strategic approach to trade management.Also recommended: APB Channel EA: Heikin-Ashi Reversals with Keltner Channel Confirmation and Swing Structure Stops - similar expert with strong performance on MetaTrader 4.
Usage:
1. Open buy or sell orders on a chart symbol.
2. Launch the EA on the same symbol chart, setting the hidden stop loss and take profit values in points.
The EA offers two calculation methods: relative to the trade's open price or the current mid-price of the symbol. It displays these values in the Experts tab and can draw horizontal lines on the chart for visual reference.
Once all trades are closed, the EA adds a comment and a message in the Experts tab. Note: This EA has not been extensively tested in live environments, so exercise caution.
You may also like: Quantora Trailing Stop Manager: Automatic Stop Loss for MT4 - excellent alternative for expert users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.00"
#property strict
class c_trade
{
private:
bool deleteline(const string strname="hl_hsltp_",bool boolreporterror=true);
bool createhorizontalline(const string name="hline",double price=0,const color clr=clrred,const enum_line_style style=style_solid,const int width=1,const bool back=false,const bool selection=true,const bool hidden=false,const long z_order=0);
public:.......
⚠ 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.