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Auto Stop Loss All Trades MT5

This is a simple utility which will put Automatic Stop Loss and Take Profit. It also has Trailing Stop Loss and Break Even features. 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 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.

5. Break Even Offset Pips- 

"Break even price offset" is where to put SL in relation to Open Price. By default it puts it on the Open Price (offset pips set to 0). If offset pips is set to 2 pips, SL will be placed at OpenPrice+2pips. But you try to do that when the price is only 3 pips above Open Price.

6. Trailing Start Pips - Trade must reach certain profit in pips first, and only then the trailing the SL could be start.

*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!

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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Layer Master: Professional Grid Trading Tool for MT5 Transform your grid trading with Layer Master - the most intuitive and powerful order management toolkit designed specifically for professional traders. MT4   Version:  https://www.mql5.com/en/market/product/79133 FREE - 7 Day Trial Version available. Please   contact  me to get your Free trial! Master Grid Trading with Precision Layer Master revolutionizes how you place and manage grid trades. With our visual interface, you can: Deploy hun
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Sergey Batudayev
4.83 (6)
Telegram to MT5: The Ultimate Signal Copying Solution Simplify your trading with Telegram to MT5 , the modern tool that copies trading signals directly from Telegram channels and chats to your MetaTrader 5 platform, without the need for DLLs. This powerful solution ensures precise signal execution, extensive customization options, saves time, and boosts your efficiency. [Instructions ] [ DEMO ] Key Features Direct Telegram API Integration Authenticate via phone number and secure code. Easily man
Take a Break MT5
Eric Emmrich
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The most advanced news filter on MQL market - free demo available Take a Break has transformed from a basic news filter into a comprehensive account protection solution. It seamlessly pauses any other Expert Advisors during news events or based on your custom filters, all while safeguarding your EA settings - restoring them automatically when trading resumes for complete peace of mind. Typical use cases: A single news filter for all your EAs. Stop trading during news/high volatility (+ close all
Panneau de trading pour trader en 1 clic.   Travailler avec des positions et des commandes!   Trading à partir du graphique ou du clavier. Avec notre panneau de trading, vous pouvez exécuter des transactions en un seul clic directement depuis le graphique et effectuer des opérations de trading 30 fois plus rapidement qu'avec le contrôle MetaTrader standard. Les calculs automatiques des paramètres et des fonctions rendent le trading plus rapide et plus pratique pour les traders. Des conseils grap
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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 1.4 2025.01.30
Added the decimal format for the pip value inputs for the SL, Trailing SL, TP, and Break Even. Now you can input values in fraction of a pip.
Version 1.3 2024.12.11
Added an input parameter,
1. Trailing Start Pips

*Some bugs are fixed. Trailing SL and Break Even should work properly.
Version 1.2 2024.12.08
Added an input parameter,
1. Break Even Offset Pips
"Break even price offset" is where to put SL in relation to Open Price. By default it puts it on the Open Price (offset pips set to 0). If offset pips is set 2 pips, SL will be placed at OpenPrice+2pips. But you try to do that when the price is only 3 pips above Open Price.
Version 1.1 2024.02.15
Added few inputs based on user requests:
1. Trailing Stop Loss
2. Break Even Point