Ro Nz Auto SL-TS-TP
This tool for MetaTrader 4 is specifically engineered to streamline your trading operations. This Expert Advisor serves as automated trading software. It is utilized to monitor financial markets and execute trades based on predefined algorithmic rules, enabling precise position management without the need for constant manual oversight.
How to Setup and Use Ro Nz Auto SL-TS-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.
Description & Settings
EA for Automatic Stop Loss, Take Profit, Profit Lock, and Trailing Stop (With Special Methods). SL and TP could be hidden.
Input parameters Changes
v. 1.0:
Auto SL and TP.
v. 1.22:
Correcting Minimum Stop Level.
v. 2.0:
Added modes for SL and TP (Hidden or Placed).
Added profit lock.
Added stepping Trailing Stop.
v. 2.01:
Added option to enable/disable alert when closed by hidden SL/TP.
v. 2.03:
Fixed initial locking profit.
Fixed trailing stop.
v. 2.04:
Fixed trailing stop step that moving against entry price.
Rearrange lock profit to a function.
v. 2.05:
Added Trailing Stop Method (Classic, Step Keep Distance, Step By Step)
v. 2.06:
Added Option to Enable/Disable Profit Lock Note
First of all, your orders SL and TP must be set to 0, then this EA will set appropriate SL and TP.
To disable SL, TP, Profit Lock, and Trailing Stop, set its value to 0. Credits
for Profit Lock idea and testing.
All users who find bugs in this EA.
