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Auto Stop Loss All Trades MT4

This is a simple utility which will put Automatic Stop Loss and Take Profit on all your open trades. The input value of the Stop Loss and Take Profit is in Pips. Whenever you open a trade it will put stop loss and take profit in pips automatically.

*If you need a more practical stop loss and take profit for your trades then you may like this ATR indicator based stop loss utility, Here!

Inputs:

1. SL and Trailing SL - This is the Stop Loss value in Pips. Also used as Trailing Stop Loss if, "Use Trailing = true".

2. Trailing Steps - This is the steps value in pips for trailing the stop loss.

3. Take Profit pips - Take profit value in Pips.

4. Break Even pips - Take Profit value at which the stop loss gets moved to the break even point.

Stop Loss (SL) and Take Profit (TP) orders based on fixed pips are commonly used tools in trading to manage risk and lock in profits. These orders are not dependent on market volatility or indicators like the Average True Range (ATR). Instead, traders set fixed price levels for these orders. Here's an explanation of Stop Loss and Take Profit based on fixed pips:

 

1. **Stop Loss (SL): **

   - A stop loss is an order placed by a trader to limit potential losses on a trade by specifying a fixed price level at which the position should be automatically closed.

   - When setting a stop loss based on fixed pips, the trader determines how many pips they are willing to risk on a trade.

   - For example, if a trader enters a long position (buy) at 1.2000 on a currency pair and wants to limit potential losses to 20 pips, they would set their stop loss at 1.1980 (1.2000 - 20 pips).

   - The purpose of a stop loss is to protect the trader from excessive losses in case the market moves against their position.

 

2. **Take Profit (TP): **

   - A take profit is an order placed by a trader to lock in profits by specifying a fixed price level at which the position should be automatically closed.

   - When setting a take profit based on fixed pips, the trader determines how many pips they want to make as profit before closing the trade.

   - For example, if a trader enters a long position at 1.2000 and wants to take profit at 1.2040, they would set their take profit at 1.2040 (1.2000 + 40 pips).

   - The purpose of a take profit is to ensure that the trader captures a certain amount of profit when the market moves in their favor.

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Vladislav Andruschenko
4.48 (21)
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The product will copy all  Discord  signal   to MT4   ( which you are member  ) , also it can work as remote copier.  Easy to set up. Work with almost signal formats, support to translate other language to English Work with multi channel, multi MT4. Work with Image signal. Copy order instant, auto detect symbol. Work as remote copier: with signal have ticket number, it will copy exactly via ticket number. How to setup and guide: Let read all details about setup and download Discord To MetaTrade
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Kyra Nickaline Watson-gordon
A utility to close all orders automatically when conditions meet. Various options are available to filter or select orders : Conditions : Closing conditions. 3 different conditions can be defined. EA will close orders anytime one or more defined conditions meet. Conditions can be defined based on account properties or selected orders properties. Also a fixed time to close orders is available. Type of orders : Buy / Sell / Buy Limit / Sell Limit / Buy Stop / Sell Stop Symbol Selection : All /
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Rui Manh Tien
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Time saving and fast execution Whether you’re traveling or sleeping, always know that Telegram To Mt4 performs the trades for you. In other words, Our   Telegram MT4 Signal Trader  will analyze the trading signals you receive on your selected Telegram channels and execute them to your Telegram to MT4 account. Reduce The Risk Telegram To Mt4   defines the whole experience of copying signals from   Telegram signal copier to mt4 platforms. Users not only can follow all instructions from the sign
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Hey there! If you are using Moving Average indicator into RSI indicator's window and always wondering if there could be a way to get alerts on your smartphone when those two indicators get a crossover that would be great, right!? Then you have found the right tool for that. This indicator is nothing but a mix of MA indicator and RSI indicator into one indicator window as well as it will give you alerts for crossovers on your smartphone app, email and also on your trading terminal's (desktop) cha
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Version 1.1 2024.02.15
Added few things based on user requests:
1. Optional Trailing Stop Loss
2. Optional Break Even Point