modify sl and/or tp
Info
The modify sl and/or tp is a Script for MetaTrader 5 that i used to suffer from unnecessary losses and/or cutting my profit short since i wasn't fast enough to modify my sl and/or tp. that is why i've wrote these scripts that will allow me to react fast when i must modify my sl and/or tp especially when i have many open and/or pending trades.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Script works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Scripts folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use modify sl and/or tp
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
i used to suffer from unnecessary losses and/or cutting my profit short since i wasn't fast enough to modify my sl and/or tp.
Typical Use Case
This Script excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Script works on MetaTrader 5. Place the file in the MQL5/Scripts folder and restart the terminal.
Description & Settings
Related: modify sl tp - another powerful script for MetaTrader 5 traders.
i used to suffer from unnecessary losses and/or cutting my profit short since i wasn't fast enough to modify my sl and/or tp. that is why i've wrote these scripts that will allow me to react fast when i must modify my sl and/or tp especially when i have many open and/or pending trades. i know there are plenty of metatraders who also suffer from this and that is why i would like to share these scripts with you, hopefully it will be beneficial.
Also recommended: stoch cross ea – buy below 20, sell above 80 (h1) - similar script with strong performance on MetaTrader 5.
do not forget to send you comments as well as rate these scripts. happy trading!these 3 mql5 scripts will help you to immediately react to your open positions and pending orders. below is an example on how to modify the sl of 4 buy limit orders in one step.
sct_editsltp_buyselllimitorders is the script that will help you modify the sl and/or tp all your
buy and/or sell limit orders
, below are the input values that you need to insert and the script will take care of everything.
input double sl_buylimitorder;
input double tp_buylimitorder;
input double sl_selllimitorder;
input double tp_selllimitorder;
sct_editsltp_buysellstoporders is the script that will help you modify the sl and/or tp all your
buy and/or sell stop orders
, below are the input values that you need to insert and the script will take care of everything.
input double sl_buystoporder;
input double tp_buystoporder;
input double sl_sellstoporder;
input double tp_sellstoporder;
sct_editsltp_buysellpositions is the script that will help you modify the sl and/or tp all your
buy and/or sell positions
, below are the input values that you need to insert and the script will take care of everything.
input double sl_buyposition;
input double tp_buyposition;
input double sl_sellposition;
input double tp_sellposition;
You may also like: Displaying Multiple Charts in a Single Window - excellent alternative for script users on MetaTrader 5.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.00"
#property script_show_inputs
input double sl_buylimitorder;
input double tp_buylimitorder;
input double sl_selllimitorder;
input double tp_selllimitorder;
#include <trade\trade.mqh>
ctrade c_trade;.......
⚠ 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.