Buy Sell Stop Buttons
This tool for MetaTrader 4 is specifically engineered to streamline your trading operations. This Expert Advisor serves as automated trading software. It is utilized to monitor financial markets and execute trades based on predefined algorithmic rules, enabling precise position management without the need for constant manual oversight.
How to Setup and Use Buy Sell Stop Buttons
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.
Description & Settings
"Buy Sell Stop Buttons" EA sets up 3 buttons for manual trading and allows to predetermine trailing stoploss & take profit, open and close all trades at once.
Try it on demo first.
-USEMOVETOBREAKEVEN system functions like a stop lossBut a one-time function with a smaller value than the subsequent to lock minimal profit and avoid loss if the price goes against you.If you have reached a certain value of pips with the direction of the trade --WHENTOMOVETOBE - When to move break even (values: 10-100).So how many pips would you like to move the stop loss above the price line of the open trade--PIPSTOMOVESL - How much pips to move stop loss (values: 10-100).
Inputs
Use_TP_In_Money- Use Take Profit In Money (values:true/false).
TP_In_Money- Take Profit In Money (values: 10-100).
Use_TP_In_percent- Use Take Profit In Percent (values:true/false).
TP_In_Percent- Take Profit In Percent (values: 10-100).
------------[Money Trailing Stop For Multiple Trades]------------------------------------------------
Enable_Trailing-Enable_Trailing with money (values:true/false).
Take Profit In Money (in current currency) (values: 25-200).
Stop Loss In Money(in current currency) (values: 1-20).
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USEMOVETOBREAKEVEN - Enable "no loss" break even system (values: 0-1).
USESTOP - Enable automatic "STOP" function (values: 0-1).
WHENTOMOVETOBE - When to move break even (values: 10-100).
PIPSTOMOVESL - How much pips to move stop loss (values: 10-100).
Lots - Lots size (values: 0.01-10).
MaximumRisk - maximum risk from total margin in %, (values: 0.01 - 0.3).
If "MaximumRisk =0" then "Lot=constant"
DecreaseFactor - decrease from total margin if you lose a trade.
TrailingStop-set a value from 10 to 100 to activate trailing stop loss & take profit, "0" will not activate trailing stop loss.
Stop_Loss - Stop Loss (values: 10-100).
MagicNumber - Magic number (values: 1-100000).
TakeProfit - Take Profit (values: 10-100).
NumberOfTrades-Number Of Trades(values: 1-10).
