Hidden Stop Loss and Take Profit for MetaTrader 4/5
Info
The Hidden Stop Loss and Take Profit for MetaTrader 4/5 is a Library for MetaTrader 4 that this utility provides a method for advanced traders to manage stop loss and take profit levels without explicitly setting them on the trade. Some brokers, particularly market makers, have the ability to see the stop loss and take profit levels set by traders.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Library works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Libraries folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use Hidden Stop Loss and Take Profit for MetaTrader 4/5
1. Storage: Place library files in the MQL/Libraries directory to ensure they are accessible to your projects.
2. Implementation: Include the library in your code using the #import directive, ensuring you match the exact function names and parameters.
3. Compilation: Ensure the library is present in the directory before you compile your main EA or script, as the compiler links them during this phase.
4. Management: Keep libraries organized in sub-folders if you manage many custom functions to maintain a clean project structure.
Frequently Asked Questions
Q: What is a library file used for? A: Libraries store reusable code modules, allowing you to centralize common logic used by multiple EAs or indicators.
Q: Is a library executable? A: No, libraries are non-executable files containing functions; they must be imported into an EA, indicator, or script to function.
Q: Can I update a library while the platform is running? A: You should compile your EA or script after updating a library to ensure the latest code changes are integrated.
What this tool does
This utility provides a method for advanced traders to manage stop loss and take profit levels without explicitly setting them on the trade.
Typical Use Case
This Library excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Library works on MetaTrader 4. Place the file in the MQL4/Libraries folder and restart the terminal.
Description & Settings
Related: Lot Size Calculation Based on Stop Loss and Risk Percentage - another powerful library for MetaTrader 4 traders.
This utility provides a method for advanced traders to manage stop loss and take profit levels without explicitly setting them on the trade. Some brokers, particularly market makers, have the ability to see the stop loss and take profit levels set by traders. This can lead to price movements that target these levels before resuming the prevailing trend. This function effectively hides stop loss and take profit levels from brokers, preventing them from being targeted. This allows trades to follow their natural course without interference. This tool is designed for experienced traders who understand the implications of broker execution models on trade management. Developed in 2026.Also recommended: Universal Trailing Stop Library for MetaTrader Expert Advisors - similar library with strong performance on MetaTrader 4.
You may also like: Break Even and Trailing Stop Functions - excellent alternative for library users on MetaTrader 4.
Source Code
#property library
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.00"
#property strict
input int stoploss=7;
input int takeprofit=4;
input int slippage=2;
input int magic=280456;
double tp=0,sl=0,tr;.......
⚠ 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.