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e-move slt pby mouse: intuitive stop loss and take profit management
Info
The e-move slt pby mouse: intuitive stop loss and take profit management is a Script for MetaTrader 4 that e-move slt pby mouse expert advisorthis expert advisor is designed for moving stop loss and take profit price levels of open positions using the mouse. when using this advisor, it is assumed that positions are opened manually, and the initial stop loss and take profit levels are set manually.
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 e-move slt pby mouse: intuitive stop loss and take profit management
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
e-move slt pby mouse expert advisorthis expert advisor is designed for moving stop loss and take profit price levels of open positions using the mouse.
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: closing all open trades if all one symbol and one trade direction - another powerful script for MetaTrader 4 traders.
e-move slt pby mouse expert advisorAlso recommended: pending order timer on closed market - similar script with strong performance on MetaTrader 4.
this expert advisor is designed for moving stop loss and take profit price levels of open positions using the mouse.
when using this advisor, it is assumed that positions are opened manually, and the initial stop loss and take profit levels are set manually. the advisor then creates two horizontal lines for each open position, rigidly tied to the stop loss and take profit price levels. after creating these lines, the advisor monitors their position on the chart.
if any line is moved with the mouse, the advisor will immediately adjust the price level to which the moved line is attached accordingly. when positions are closed or the advisor is removed from the chart, it automatically removes its lines. if any price level is not set, the corresponding line will not be installed by the advisor. if any of the price lines are moved across the opening price level of a position, the position will be closed at the current price.
the following parameters can be configured in the advisor:
language
=1 - message output language: 0-english, 1-russian.
intupdate
=0.371 - update interval in seconds. if 0, the advisor will work on ticks. a non-zero value for this parameter will set the frequency of checking the need to move the price levels of open positions.
printenable
=true - allow printing messages to the journal.
stopcolor
=red - stop loss level line color.
stopstyle
=3 - stop loss level line style.
stopwidth
=0 - stop loss level line width.
takecolor
=gold - take profit level line color.
takestyle
=3 - take profit level line style.
takewidth
=0 - take profit level line width.
You may also like: indicator for day trading 5 min chart - excellent alternative for script users on MetaTrader 4.
Source Code
#property copyright "RobotFX"
#property link "https://robotfx.org"
extern string _P_Expert="---------- Parameters of e-MoveSL&TPbyMouse";
extern int Language = 1; // Язык: 0-English, 1-Русский
extern double IntUpdate = 0.371; // Интервал обновления в секундах
extern bool PrintEnable = True; // Разрешить печать в журнал
extern string _P_Graphics="---------- Parameters of Graphic Objects";
extern color StopColor = Red; // Цвет линии уровня StopLoss
extern int StopStyle = 3; // Стиль линии уровня StopLoss
extern int StopWidth = 0; // Толщина линии уровня StopLoss.......
⚠ 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.