lacus tstopand be
Info
The lacus tstopand be is a Expert Advisor for MetaTrader 5 that the expert advisor is only designed for manual trading. the ea sets stop loss and take profit for positions and pending orders on the current symbol.
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 only designed for manual trading.
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: the rs i engine - another powerful expert for MetaTrader 5 traders.
the expert advisor is only designed for manual trading. the ea sets stop loss and take profit for positions and pending orders on the current symbol. it also has trailing stop and breakeven functions.
Also recommended: Exp MA RSI-Trigger Expert Advisor - similar expert with strong performance on MetaTrader 5.
input parametersstop loss
- stop loss value;
take profit
- take profit value;
close all if profit reached the x percent of balance or
- close all positions once the total profit reaches x percent of balance;
close all if profit reached the x profit amount in currency
- close all positions once the total profit reaches the specified amount in the deposit currency;
close if profit reached x profit amount
- close a position once its profit reaches the specified amount in the deposit currency;
trailing start after reaching x pips
- trailing start setting;
trailing stop distance from current price
- trailing step setting;
breakeven gain after reaching x pips
- the number of profit points after which a position will be moved to breakeven;
breakeven x pips locked in profit
- the number of points to move the breakeven point;
stealth mode for stoploss and takeprofit values
- hidden mode. example
a buy position is opened without a stop loss and take profit. the ea sets preset stop loss and take profit values.
suppose, the price moves in a favorable direction and makes
breakeven gain after reaching x pips
point of profit. the ea sets the breakeven at
breakeven x pips locked in profit
points. the price moves higher and the ea trails
stop loss
following the price: every
trailing start after reaching x pips
stop loss is trailed by
trailing stop distance from current price
points.
You may also like: exp em a-crossover signal - 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.