Auto SL y TP

General Description

Auto SL/TP Manager is a professional utility for MetaTrader 5 designed to automate the management of Stop Loss and Take Profit levels on open positions. The levels are calculated based on monetary risk values defined by the user, rather than fixed pip distances. This tool helps maintain consistent risk discipline without manual intervention.

Main Functionality

The EA continuously monitors all open positions and automatically applies Stop Loss and Take Profit levels when they are missing. The calculation is based on the amount of money the user is willing to risk or target per trade, allowing consistent risk management across different symbols and timeframes.

Key Features

  • Automatic Stop Loss and Take Profit management based on account currency risk (USD, EUR, etc.).

  • Compatible with ECN, Standard, Market, and Instant Execution accounts.

  • Works with any trading symbol and automatically detects the account currency.

  • Filtering options to manage all positions, only manual trades, or only Expert Advisor trades (via Magic Number).

  • Automatic adjustment according to broker minimum requirements.

  • Detailed log of all actions performed by the EA.

How It Works

  1. The EA periodically scans all active positions.

  2. Positions are filtered according to user settings.

  3. Trades without Stop Loss or Take Profit are identified.

  4. The optimal distance is calculated based on monetary risk.

  5. Stop Loss and Take Profit are placed respecting broker rules.

  6. Positions that already have SL/TP are not modified.

Key Parameters

  • Risk per trade: fixed monetary amount to be protected per position.

  • Profit target: monetary profit objective defined by the user.

  • Check interval: frequency at which positions are evaluated.

  • Trade filters: defines which types of trades are managed automatically.

Important Notes

This Expert Advisor does not open or close trades. Its sole purpose is to add Stop Loss and Take Profit levels when they are missing. Users are strongly advised to test the EA on a demo account before using it on a live account.

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