lacus tstopand be
Info
The lacus tstopand be is a Expert Advisor for MetaTrader 5 that the expert advisor is designed for manual trading, offering a comprehensive set of features to manage stop loss and take profit for positions and pending orders on the current symbol. input parametersstop loss- set the stop loss value.
Usage
This tool is typically used for automated trading on major forex pairs and gold.
Platform
This Expert Advisor works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Experts folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use lacus tstopand be
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.
What this tool does
the expert advisor is designed for manual trading, offering a comprehensive set of features to manage stop loss and take profit for positions and pending orders on the current symbol.
Typical Use Case
This Expert Advisor excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Expert Advisor works on MetaTrader 5. Place the file in the MQL5/Experts folder and restart the terminal.
Description & Settings
Related: EUR/USD 10 Pip Breakout Strategy - another powerful expert for MetaTrader 5 traders.
the expert advisor is designed for manual trading, offering a comprehensive set of features to manage stop loss and take profit for positions and pending orders on the current symbol.Also recommended: exp x2 ma digit dm 361 Trend Following System - similar expert with strong performance on MetaTrader 5.
input parameters
stop loss
- set the stop loss value.
take profit
- specify the take profit value.
close all if profit reached the x percent of balance or
- close all positions when total profit reaches a certain percentage of the balance.
close all if profit reached the x profit amount in currency
- close all positions when total profit reaches a specified amount in the deposit currency.
close if profit reached x profit amount
- close a position when its profit reaches a specified amount in the deposit currency.
trailing start after reaching x pips
- configure the trailing start setting.
trailing stop distance from current price
- set the trailing step.
breakeven gain after reaching x pips
- move a position to breakeven after a certain number of profit points.
breakeven x pips locked in profit
- specify the number of points to adjust the breakeven point.
stealth mode for stoploss and takeprofit values
- enable hidden mode. for example, a buy position is opened without a stop loss and take profit. the ea then sets predefined stop loss and take profit values. if the price moves favorably and reaches the breakeven gain point, the ea sets the breakeven, and subsequently trails the stop loss as the price moves higher.
You may also like: synchronized charts - excellent alternative for expert users on MetaTrader 5.
Source Code
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⚠ 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.