EA Stop Loss Order - MetaTrader 5 Expert | MT5 EA Download - MetaTrader 5 Resources
Author of the idea : Vladimir Khristov , MQL5 code author : Barabashkakon .
The Expert Advisor places a series of pending Buy Stop and Sell Stop orders. When the profit reaches or exceeds the profit target , all positions will be closed and all pending orders will be deleted. After that, repeat the cycle again.
Example of testing in EURUSD's "Every quote based on real quotes" mode:
Attachment download
📎ea_stop_order.mq5 (22.69 KB)
Source: MQL5 #20304
EA Stop Loss Order - MetaTrader 5 Expert | MT5 EA Download - MetaTrader 5 Resource Usage and Screening Suggestions
EA Stop Loss Order - MetaTrader 5 Expert | MT5 EA Download - MetaTrader 5 resources belong to MT5 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 only on titles or short-term profit descriptions.
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