Market / MetaTrader 4 / Utilities /

MK Auto SL and TP

FREE

Published: 9 August 2026

Current version: 1.0

MK Auto SL and TP

Utilities
Martin Koprla
Version: 1.0

MK Auto SL and TP (Universal Profit Close EA) is an advanced, institutional-grade risk and basket management Expert Advisor designed exclusively for MetaTrader 4. It operates on a single symbol and provides precise control over open positions by combining time-gated profit realization, aggregate basket management, and emergency stop-loss protection.

Key Features

Gradual Close Mechanism: Automatically closes individual profitable positions sequentially at a user-defined time (broker hours) with a set delay between closes, constrained by individual profit thresholds.
Aggregate Basket Management: Monitors total floating profit (including swap and commission) on the active symbol to trigger partial or full closes based on customizable sorting priority rules (e.g., oldest, newest, closest/furthest from price, or most/least profitable).
Aggregate Emergency Stop-Loss: Triggers an immediate, unfiltered full-symbol shutdown if the aggregate floating loss exceeds a specified USD threshold, bypassing standard market filters to ensure fast execution during high-volatility events.
Advanced Safety & Execution Filters: Features dynamic ATR-adaptive bad-tick detection, maximum spread filters, terminal heartbeat tick-density checks, and robust retry logic for requotes and busy trade contexts.
Magic Number Flexibility: Includes selective filtering options to ignore or include specific Expert Advisors via comma-separated magic number configurations.

Disclaimer & Default Settings: The default input parameters configured in this Expert Advisor were originally optimized exclusively for XAUUSD (Gold). Traders deploying this tool on other trading instruments (such as indices, forex majors, or cryptocurrencies like BTCUSD) must adjust parameters—such as profit targets, stop-loss limits, ATR thresholds, and pip tolerances—independently to suit the specific volatility and point specifications of their chosen asset.

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