Pro Auto SL Dynamic TP: Institutional Risk Manager
Info
The Pro Auto SL Dynamic TP: Institutional Risk Manager is a Expert Advisor for MetaTrader 5 that pro auto sl dynamic tp is an automated tool designed to manage stop loss (sl) and take profit (tp) levels for open trading positions. It provides institutional-grade risk management by automatically adjusting these levels based on predefined parameters.
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 Pro Auto SL Dynamic TP: Institutional Risk Manager
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
Pro Auto SL Dynamic TP is an automated tool designed to manage Stop Loss (SL) and Take Profit (TP) levels for open trading positions.
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: CME Equity Index Futures Holiday Calendar and Trading Halt Automation - another powerful expert for MetaTrader 5 traders.
Pro Auto SL Dynamic TP is an automated tool designed to manage Stop Loss (SL) and Take Profit (TP) levels for open trading positions. It provides institutional-grade risk management by automatically adjusting these levels based on predefined parameters.Also recommended: Automated Live Testing for Expert Advisors on Demo Accounts - similar expert with strong performance on MetaTrader 5.
Key Features:
- Automatic Stop Loss and Take Profit application to open positions.
- Customizable filtering based on symbol, magic number, and comment.
- Option to manage manual trades.
- Dynamic Take Profit calculation using a risk-to-reward multiplier.
- Fixed Take Profit option.
- Broker stop-level protection and retry logic for modifications.
- Timer-driven operation for efficient resource usage.
Settings:
Filter Settings:
- Magic Number: Specifies which trades to manage. Use -1 for all trades.
- Filter Comment: Filters trades based on a specific comment string.
- Manage Manual Trades: Boolean to include or exclude trades opened manually (magic number 0).
Stop Loss Settings:
- Stop Loss Pips: Sets the distance for the Stop Loss in pips.
Take Profit Settings:
- Use Dynamic TP: Enables dynamic Take Profit calculation.
- Risk-Reward Multiplier: Multiplier used to calculate dynamic TP based on SL.
- Fixed Take Profit Pips: Sets a fixed distance for Take Profit in pips when dynamic TP is disabled.
Execution Settings:
- Max Retries: Maximum number of attempts to modify a position.
- Retry Delay (ms): Delay between modification retries in milliseconds.
This tool helps to ensure that all trades are protected with appropriate risk management levels, enhancing trading strategy robustness. The logic is designed to be compatible with MetaTrader 5 and adheres to best practices for automated trading systems. Copyright 2026.
You may also like: WaveMaster Pro EA: Automated Execution for WaveMaster Oscilloscope - excellent alternative for expert users on MetaTrader 5.
Source Code
#property copyright "RobotFX"
#property link "https://robotfx.org"
#property version "2.10"
#property description "This code is educational. Feel free to use, modify and upgrade as you wish. Visit ROBOTFX.ORG for professional trading tools"
#include <Trade\Trade.mqh>
CTrade trade;
input string InpFilterSettings = "--- Filter Settings ---";
input long InpMagicNumber = -1;
input string InpFilterComment = "";
input bool InpModifyManualTrades = true;.......
⚠ 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.