Modify TP SL in batches MT4
- Utilities
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Xin You Lin
Xin You Lin | Quantitative Trading System Engineer · Economist · Full Stack Developer of MQL4/MQL5 - Version: 1.8
- Activations: 5
This utility sets the same stop loss and take profit level on several open positions at the same time. It does not open or close any trade and it makes no market decision.
Modifying positions one by one in the terminal takes time, and while you are doing it the price can move away. This EA applies the levels you enter to all selected positions in one action, so the whole basket is protected in a single step.
Example
You hold five XAUUSD buy positions opened at 2510, 2508, 2506, 2504 and 2495. You enter 2530 as take profit and 2480 as stop loss. After the EA runs, all five positions share the take profit at 2530 and the stop loss at 2480, regardless of their individual entry prices.
How to use
1. Attach the EA to any MT4 chart and enable the Auto Trading button.
2. Enter the stop loss and take profit prices you want.
3. Choose which positions to modify: current symbol only or the whole account, all magic numbers or one magic number, all positions or buy only and sell only.
4. Decide when the change is applied: once on start, or on every tick so that newly opened positions are also updated.
5. Optionally use an offset in points if you prefer levels measured from each entry price instead of one absolute price.
Inputs
- StopLossPrice - stop loss level applied to the selected positions
- TakeProfitPrice - take profit level applied to the selected positions
- UseManualLevels - set one absolute price for all positions
- StopLossPoints / TakeProfitPoints - offset from each entry price, used when UseManualLevels is false
- SymbolFilter - current symbol only, or the whole account
- MagicNumber - only positions with this magic number, 0 = all
- DirectionFilter - all positions, buy only, or sell only
- ApplyMode - apply once, or keep applying to new positions
- ShowComment - on-chart panel with the number of modified positions
(Replace the names above with the actual input names of your EA.)
Other features
- Works with positions opened manually or by another EA
- Modification results are logged in the Experts tab
- Low resource usage, one chart is enough for the whole account
Notes
- MT4 accounts are hedging accounts, so several positions per symbol are possible and all of them can be modified together.
- A level inside the stop level or the freeze level set by your broker is rejected by the server; error 130, invalid stops, is written to the log in that case.
- Pending orders are not modified unless your EA supports it; add a line here if it does.
- The terminal must stay running, so a VPS is recommended.
- Test on a demo account before using it on a live account.
- Questions are welcome in the comments or by private message on MQL5.
