Automatically placing stop losses and/or trailing stops

[Philip Mullins]

Hi, 

This may be a stupid question but hopefully it's possible! I have an EA that I'm testing on MT4 (not mine, one that I purchased) however it doesn't implement a stop loss. Rather than manually managing trades that go really sour, is there some way to automatically put in a SL at a certain level whenever a trade is opened? I know that the easiest way to do it would be to change the source code of the EA but the developer isn't keen and it looks like the coding is locked.

Thanks 

[Rodrigo Malacarne]

SYKEMAKAVELI:

Hi, 

This may be a stupid question but hopefully it's possible! I have an EA that I'm testing on MT4 (not mine, one that I purchased) however it doesn't implement a stop loss. Rather than manually managing trades that go really sour, is there some way to automatically put in a SL at a certain level whenever a trade is opened? I know that the easiest way to do it would be to change the source code of the EA but the developer isn't keen and it looks like the coding is locked.

Thanks 

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