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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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Smart Copy is an Easy-to-Use EA that supports Multi Copying Metatrader4 and Metatrader5 and Local/Remote Copying. (Remote Version is coming soon) Free version is available on Smart Copy Local Free MT4 Specifications :     Real Time, Multi Terminal - Multi Account - MT4/MT5 trade copying     Copy from netting to hedge and hedge to netting is supported.     Fast and instant copy     All settings are input visually.     Easy modifying symbol names, prefix, suffix     Enable/Disable co
Discord To MT4 Copier
Trinh Dat
5 (4)
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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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LEE SAMSON
5 (6)
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LIMITED TIME SALE - 30% OFF, WAS $49, NOW $35! Take control of your forex portfolio. See instantly where you stand, whats working and whats causing you pain! MT5 VERSION AVAILABLE HERE:  https://www.mql5.com/en/market/product/58658 The Trade Manager Dashboard is designed to show you at a glance where each position you have in the forex market currently is, and make risk management and exposure to currencies easier to understand. For traders that scale into the market gradually with multiple p
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BLAKE STEVEN RODGER
5 (1)
Utilities
This trade copy utility allows you to instantly and seamlessly replicate and synchronize unlimited orders from multiple master accounts to multiple slave accounts on your local machine. You can create custom channels (or portfolios) with advanced filtering capabilities to copy from multiple master accounts to multiple slave accounts. Moreover, you can tailor these channels with a range of lot sizing and trade condition options to ensure that copied trades outperform the original source. You can
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Kaijun Wang
5 (12)
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Copier->Interface interaction   ->>>>Recommended for use on Windows computers or VPS Windows Basic functions: The speed of copy trading interaction is less than 0.5s 95% of symbols on different platforms (special cases such as different suffixes) are automatically matched, basically no manual settings are required 4 lot calculation modes, which can be set according to different signal sources Multiple platforms, multiple signal sources, multiple receivers can be combined at will (   MT4 and MT5
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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