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
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
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
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.
[RAR Password: ” www.freebiesforex.com ” ]
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The expert does not work my dear brother
Hi, Thanks for your comment, New EA file has been updated.
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.
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
Great friend Thank you very much. It works perfectly.
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.
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