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Stop Loss Manager EA

Stop Loss Manager EA moves the SL of an open order on the chart it's attached to by a manually set amount of points and can close half of the open position at a desired profit level.


Indicator parameters

  • SL1_ON - sets the first SL modification to ON (true/false).
  • SL1_Offset - sets how many points away from the entry level the SL will be moved. Positive and negative values can be used to trail or set to "0" to move SL to BE.
  • SL1_Plus_Points - sets the amount of points the price has to move away from the entry price to activate the first SL modification.

The second SL modification also closes half of the open position:

  • SL2_TP_ON - sets the second SL and TP modification to ON (true/false).
  • SL2_Offset - sets how many points away from the entry level the SL will be moved. Positive and negative values can be used to trail.
  • SL2_TP_Plus_Points - sets the amount of points the price has to move away from the entry price to activate the second SL modification.

The EA also draws lines on the chart at SL1_Plus_Points and SL2_Plus_Points levels.

Attach to 1 chart only, works only on 1 open trade at a time.

Test on demo before using on live account.

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