Free EA for Automatic Stop Loss and Take Profit MT4

The EA sets automatically stop loss and take profit for every new order. The values of the SL and TP orders are set in the options. This EA works for all of the orders on the platform so there is no need to attach in on the every chart.

This is an Expert Advisor for placing stop loss and take profit levels automatically. It has been designed for intraday traders and scalpers. The EA works only with market orders opened manually. Each order is processed separately.

 

For Installation follow these steps

1. Copy the EA to your MT4 experts folder and that’s it!

2. File –> Open data folder –> MQL4 –> Experts

Characteristics of This EA

[list][item icon=”fa-check-square-o” ] Set automatically stop loss and take profit for every new order. [/item][/list]

[list][item icon=”fa-check-square-o” ] You can Set SL and TP values in EA settings option. [/item][/list]

[list][item icon=”fa-check-square-o” ] This EA works for all of the orders on the platform so there is no need to attach it on every chart. [/item][/list]

[list][item icon=”fa-check-square-o” ] This is very useful for intraday traders and scalpers. [/item][/list]

[list][item icon="fa-check-square-o" ]Recommended Brokers: FXTM,  FBS and OctaFx[/item][/list]

 

How to use this Superb EA

Follow these Steps

Step 1
Open the ” Automatic Stop Loss and Take Profit” EA by double click on it.

Step 2
Go to Common Tab and enable “Live Trading

Step 3
Go to ” Input” Tab and here you can set your Stop loss and Take Profit Values.

For example if you want to set
Stop loss: 10 Pips
Take Profit: 30 Pips

Adjust these values here

EA For Automatic Stop Loss and Take Profit

If your Broker is 5 Digit
Then simply put an extra ” Zero” at the end of each value.

Example,  5 digit Broker
Stop loss: 10 Pips
Take Profit: 30 Pips.

So I will adjust my values here like this

EA For Automatic Stop Loss and Take Profit 5 Digit Broker

Step:4
Enable Auto Trading by clicking on it

Thats it ,

Now you can place any buy sell order and your EA will place stop loss and take profit levels automatically.

You can open multiple orders simultaneously. There is no need to open charts for each and every currency pair separately.

If you have any question regarding Regarding this EA please write in comment section.

Free Download Links

Download from Mega.nz

Download from Mediafire

 

[RAR Password: ” www.freebiesforex.com ” ]

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6 thoughts on “Free EA for Automatic Stop Loss and Take Profit MT4”

  1. Hello, thank you very much for facilitating this indicator but unfortunately it does not work on the MT4 platform if you want to market CFDs. Perform a test and just activate the order and do not place the stop and profit. In currency pairs everything is correct. I await your comments. Regards.

    Reply
    • Hi, I have just updated new Script file. Please download it and Insert File into ” Experts” folder. Restart MT4 and double click on this EA, Adjust your TP, SL and click ok. Its working fine here for me. Thanks

      Reply
  2. Hello, it’s me again and I’m sorry for the inconvenience but for some reason the EA stopped working in the DAX CFDs. If you can help me I wait for your answer.

    Reply

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