SL and TP Setter

4

You can manually open a trade (one click), and this EA will take care of setting the SL and TP.

SL and TP are set based on the number of pips you specify in the input screen.

You can also choose monetary SL and TP.

SL and TP are determined based on the weighted average price (WAP), so if you open a new trade, SL and TP will be updated according to the new WAP.

The WAP is not unique but differentiated between buy and sell trades (this is useful only if you open opposite trades on the same chart).


Note: If you use SL and TP in pips, to ignore monetary SL and TP, you must set high values for the monetary parameters so that only the pips are considered.
Conversely, if you want to use monetary SL and TP, you should set a high number of pips.


You can use the EA on your own PC if you trade on MT4 desktop.

If you install the EA on a VPS, you can open trades from your smartphone, and the EA will set SL and TP for you.

The Magic Number should always remain 0 (it identifies manual trades).




















































































































































Reviews 1
Hendrikus Pelgrim
1202
Hendrikus Pelgrim 2025.03.14 18:18 
 

okay

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4 buttons for managing your trades. Close All : will close all open positions on the current chart Delete All : will delete any pending orders on the current chart SL + 1 : will move the stop loss 1 pip closer to the breakeven point on all open trades on the current chart Delete SL : will remove the stop loss for all open positions on the current chart Useful for everyone who opens multiple positions on the same asset, where fast execution is essential.
FREE
For use, it is necessary to have both the Hedging or Arbitrage Transmitter and the Hedging or Arbitrage Receiver , and they must run on the same PC or VPS. Hedging or Arbitrage Transmitter It must be installed on the account where the trades will be opened first (preferably the PROP account). In the INPUT section, choose the monetary SL and TP you want on the Transmitter account (PROP) and the monetary SL and TP you want on the Receiver account (Real Account). PollIntervalMs indicates how many
For use, it is necessary to have both the Hedging or Arbitrage Transmitter and the Hedging or Arbitrage Receiver, and they must run on the same PC or VPS. Hedging or Arbitrage Transmitter It must be installed on the account where the trades will be opened first (preferably the PROP account). In the INPUT section, choose the monetary SL and TP you want on the Transmitter account (PROP) and the monetary SL and TP you want on the Receiver account (Real Account). PollIntervalMs indicates how many
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Hendrikus Pelgrim
1202
Hendrikus Pelgrim 2025.03.14 18:18 
 

okay

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