Autostop - MetaTrader 4 Expert | MT4 EA Download - MetaTrader 4 Resources
Auto Stop automatically sets preset Take Profit and Stop Loss for all orders missing a selected Stop Loss (no Stop Loss/Take Profit or both).
This allows for faster order opening, especially when you use a common Take Profit, Stop Loss or both for all orders on the current currency pair. You only need to open a position order, there is no need to calculate a stop loss, no matter how many orders you open, the EA will set the stop loss for you as long as you attach the EA to the currency pair chart.
For pending orders, the EA will wait until they open and then set a stop loss using the distance you set on the EA.
Attachment download
📎Autostop.mq4 (3.04 KB)
Source: MQL5 #10689
Autostop - MetaTrader 4 Expert | MT4 EA Download - MetaTrader 4 Resource Usage and Screening Suggestions
Autostop - MetaTrader 4 Expert | MT4 EA Download - MetaTrader 4 resources belong to MT4 EA related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based on titles or short-term profit descriptions.
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