TP Lock

✅ Overview

TP Lock is a high-speed, lightweight MT5 Expert Advisor designed to automatically lock in profits and trail stop losses as trades move in your favor. Built for traders who want hands-free profit protection, TP Lock makes sure every pip you earn is defended with precision.

Once your trades reach a certain profit threshold, TP Lock:

• Secures your position by moving the Stop Loss to breakeven (with optional profit buffer)

• Applies a dynamic trailing stop to follow price as it continues in your favor

• Reacts quickly using a millisecond timer for efficient, real-time position management

⭐ Key Features

🔐 Automatic Breakeven with Profit Buffer

• Moves the Stop Loss to breakeven after a defined number of pips ( InitialBreakEvenPips )

• Adds a small buffer ( LockProfitPips ) to ensure the SL locks in profit, not just breaks even

• Example: A trade hits +5 pips, and SL is moved to +2 pips

📈 Trailing Stop with Optional Aggressive Mode

• Once price surpasses the buffer, a trailing stop is activated

• Choose between:

  • Standard trailing (wider step)

  • Aggressive trailing (closer SL for faster locking)

• Automatically follows price as it rises or falls, locking in more gains without manual adjustments

⚙️ Fully Customizable Inputs