Market / MetaTrader 4 / Utilities /

AutoTP MT4

Demo downloaded: 5

Published: 26 February 2023

Current version: 23.227

AutoTP MT4

Utilities
Hoang Van Huan
Version: 23.227
Updated: 27 February 2023
Activations: 5

Auto Take Profit MT4 is designed to take profits in automatic way.

As a trader (manual or auto), you define your own expected profits schema. When you open one or several orders, the AutoTP program calculates profits then update into SL or TP automatically. It also re-calculates and updates accordingly for remaining open positions when a new order opened or an existing position closed.

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(Watch live in this DEMO ONLY signal https://www.mql5.com/en/signals/1875957).

(MT5 version available here https://www.mql5.com/en/market/product/94592).

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Below is an example when trading GOLD / XAUUSD:

You setup parameters:

Profit = 5$ (for 0.01)

Calculation mode = POS (means profit is 5$ for one position)

Closing mode = TP (set target price into TP or SL)

You will open buy positions as below:

P1: BUY 0.01 at 1900 => System sets TP = 1905

P2: BUY 0.02 at 1880 => System set TP = 1890 (for both positions)

If you open sell positions:

P3: SELL 0.01 at 1900 => System sets TP = 1895

P4: SELL 0.02 at 1905 => System set TP = 1900 (for both positions)

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Auto Take Profit MT5 is designed to take profits in automatic way. As a trader (manual or auto), you define your own expected profits schema. When you open one or several orders, the AutoTP program calculates profits then update into SL or TP automatically. It also re-calculates and updates accordingly for remaining open positions when a new order opened or an existing position closed. ---------------------------------- (Watch live in this DEMO ONLY signal https://www.mql5.com/en/signal

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Version 23.227 2023.02.27

Adding more logs & description