cm sl nl tp: automated order management for mt4/mt5
Info
The cm sl nl tp: automated order management for mt4/mt5 is a Script for MetaTrader 4 that cm sl nl tp is an expert advisor designed to automatically manage stop loss and take profit levels for all orders of the instrument it is installed on. it also facilitates moving profitable trades to breakeven.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Script works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Scripts folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use cm sl nl tp: automated order management for mt4/mt5
1. Installation: Move your script file into the MQL/Scripts directory and restart the platform.
2. Execution: Drag the script onto a chart; it will perform a one-time action, such as closing all open orders or clearing chart objects.
3. Editing: Use MetaEditor (F4) to modify code, click "Compile," and verify no errors appear in the terminal before running.
4. Removing: Scripts stop automatically, but you can remove them manually by right-clicking the chart and choosing "Remove Script."
Frequently Asked Questions
Q: How are scripts different from EAs? A: Scripts execute a single action and then stop; EAs monitor the market and trade continuously.
Q: Can I assign a hotkey to a script? A: Yes, right-click the script in the Navigator, select "Set Hotkey," and define your preferred keyboard shortcut.
Q: Why did my script stop? A: Scripts are designed to stop immediately after finishing their programmed command; this is normal behavior.
What this tool does
cm sl nl tp is an expert advisor designed to automatically manage stop loss and take profit levels for all orders of the instrument it is installed on.
Typical Use Case
This Script excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Script works on MetaTrader 4. Place the file in the MQL4/Scripts folder and restart the terminal.
Description & Settings
Related: automated economic calendar trading advisor - another powerful script for MetaTrader 4 traders.
cm sl nl tp is an expert advisor designed to automatically manage stop loss and take profit levels for all orders of the instrument it is installed on. it also facilitates moving profitable trades to breakeven.Also recommended: order information indicator - similar script with strong performance on MetaTrader 4.
parameters:
- stoploss: sets the stop loss level in points.
- takeprofit: sets the take profit level in points.
- noloss: defines the profit level in points at which an order will be moved to breakeven. the stop loss will be set at the opening price plus or minus minprofitnoloss. if set to 0, the breakeven function is disabled.
- minprofitnoloss: specifies the minimum profit in points required to move an order to breakeven.
You may also like: script to close all orders - excellent alternative for script users on MetaTrader 4.
Source Code
#property copyright "RobotFX"
#property link "https://robotfx.org"
#property description "Educational code - RobotFX www.robotfx.org"
extern int Stoploss = 100, //стоплосс
Takeprofit = 50, //тейкпрофит
NoLoss = 10, //перевод в безубыток, если 0, то нет перевода в безубыток
MinProfitNoLoss = 1; //минимальная прибыль при переводе вбезубыток
int init()
{
DrawLABEL("Stoploss",StringConcatenate("Stoploss ",Stoploss),5,15,Gray);.......
⚠ 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.