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Script to Stop Loss and Take Proft in Pips, use your EA Number
Info
The Script to Stop Loss and Take Proft in Pips, use your EA Number is a Script for MetaTrader 4 that script that contains both stop loss as take profit. Getting your choice only use stop loss or stop loss with take profit.
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 Script to Stop Loss and Take Proft in Pips, use your EA Number
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
Script that contains both Stop Loss as Take Profit.
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: XI T Buy Sell Auto Stoploss. mq4 - Stoploss set from Fractal Levels, Money management Risk/Reward - another powerful script for MetaTrader 4 traders.
Also recommended: All Market Symbols and Data extraction script - similar script with strong performance on MetaTrader 4.
Script that contains both Stop Loss as Take Profit.Getting your choice only use stop loss or stop loss with take profit.
Valdir Nogueira
This script is recommended for robots that do not have stop loss, mainly scalpers and martingales.
It will only affect the robots corresponding to the number entered in the Number of EA field.
Below is description of the parameters:
Parameters:
Number of EA: Number yours robot used in the graphic.
Stop Loss in Pips: Value of Stop Loss in Pips.
Use Take Profit: Yes or No, you choose to use the option to add also Take Profit for your orders .
Take Profit in Pips: If you use take profit is true, he had taken as the basis of the number Pips added to the field.
Time of Execution, in seconds: Very important parameter, if your robot is scalper, which opens many transactions, set the seconds to a value of approximately 3 seconds. Always use the value greater than 1 second.
You may also like: Time Script - excellent alternative for script users on MetaTrader 4.
⚠ 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.