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Auto Stop Loss All Trades MT5

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.

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.

*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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4.5 (6)
This EA Utility allows you to manage (with advanced filtering) unlimited open orders (manual or EA) with 16 trailing stop methods: fixed, percent, ATR Exit, Chandelier Exit, Moving Average, Candle High Low Exit, Bollinger Bands, Parabolic, Envelope, Fractal, Ichimoku Kijun-Sen, Alligator, Exit After X Minutes or Bars, RSI and Stochastic. The trailing stop can be either real or virtual, and you can exit fully or with a partial close percent on touch or bar close.  Moreover, you can add (overri
The top-selling EAs on the market cost a lot and one day they are suddenly gone. This is because one strategy will not work in the forex market all the time. Our product is unique from all others in the MQL Marketplace because our EA comes with 34+ built-in indicators that allow develop strategies every time.  You build your strategy and keep updating it. If one strategy does not work, simply build another all using only one EA. This is All-In-One EA   in this market place. You can use as trade
Auto Trade Copier is designed to copy trades to multiple MT4, MT5 and cTrader accounts/terminals with 100% accuracy. The provider and receiver accounts must be on the same PC/VPS. With this tool, you can copy trades to receiver accounts on the same PC/VPS. All trading actions will be copied from provider to receiver perfectly. This version can be used on MT5 accounts only. For MT4 accounts, you must use Auto Trade Copier (for MT4). Reference: - For MT4 receiver, please download Trade Receiver Fr
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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 inputs based on user requests:
1. Trailing Stop Loss
2. Break Even Point