Auto Tp - MetaTrader 5 Expert | MT5 EA Download - MetaTrader 5 Resources

Set automatic stop-profit and stop-loss:

The "Set Automatic TP and SL" (Take Profit and Stop Loss) feature is an important tool in any trading strategy and is designed to automate risk and reward management. It allows traders to define fixed price levels at which trades should be automatically closed to secure profits (TP) or limit losses (SL), eliminating the need for constant manual monitoring.

When this feature is enabled, each position you open will automatically include predefined Take Profit and Stop Loss levels based on your custom parameters such as a specific number of pips, balance percentage, or technical level. This not only saves time but also ensures your trading is protected from sudden market fluctuations and emotional decision-making.

Risk Management : Prevent devastating losses by automatically limiting potential losses by closing trades at specified stop loss levels.

Profit lock-in : close the position after reaching the target price to ensure profits, ensuring that you will not miss out on profits when the market changes rapidly.

Emotional discipline : Reduce the effects of fear and greed by sticking to a planned strategy, which is especially important in volatile markets.

Time efficiency : Save time by eliminating the need to manually set stop loss and take profit levels for each trade, especially useful for scalpers or high-frequency traders.

Consistency : Apply the same logic to every transaction, resulting in a more systematic and standardized approach to trading.

Whether you are a beginner trying to protect your account, or a professional trader looking for precision and automation, the Set Automatic Take Profit and Stop Loss feature is an important part of successful trading. It allows your strategy to run with minimal manual input and maximum control over risk-reward ratio, helping you trade smarter, not harder.

You can also use it with XAUUSD. You just need to set your settings. If you need the MQL4 version, you can find it here ( Auto TP ).

Attachment download

📎 auto_tp.mq5 (5.08 KB)

Source: MQL5 #61119