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Stop loss and take profit helper by Mutabor

The utility is designed for two purposes:

  1. Automatic setting of stop loss and take profit levels.
  2. Automatic modification of stop loss and take profit levels when a certain profit is reached.

Application:
When the utility is started, the default values are configured for the М1 timeframe as follows.


Parameters

  • init stop loss - initial stop loss in points, set when an order is opened. (100 points)
  • init take profit - initial take profit in points, set when an order is opened. (100 points)
  • when begin move tp/sl levels - the number of points missing until the take profit level. (25 points)
  • on/off level moving - enable/disable moving levels with the price. (true)
  • take profit after move - new take profit value. Set after the difference between the levels of the first and third parameters is reached. (50 points)
  • stop loss after move - new stop loss value. Set after the difference between the levels of the first and third parameters is reached. (50 points)


Instruction manual for an example of preset values

  1. You open a position. levels from the first two parameters (100 points of stop loss and 100 points of take profit) are set immediately.
  2. When the price moves in the profitable direction, if the profit exceeds the difference between parameters init stop loss and when begin move tp/sl levels (100 - 25 = 75 points), the take profit and stop loss levels are shifted to the new values take profit after move and stop loss after move points away from the current price.
  3. That is, the new values are equal to +50 and -50 points from the new price.
  4. You have a breakeven of 25 = (-100 (initial value) + 75 (reached level) + 50 (new value)) points. The new take profit value is 125 = (75+50).
  5. Now, if the price continues to move in the direction of profit, when 100 points (75+25) are exceeded, the protective levels will be moved by another 25 points (half of 50 - the new value of take profit).
  6. Thus, breakeven secures 50 points of profit, the current price is 100, the take profit value is 150 points from the position opening price.
  7. After 25 more points, the process will be repeated and another 25 points will be secured by breakeven.

Does not use trailing stop.

Play around with the parameters to find the optimal values for your trading style.

Also, the minimum stop loss and take profit levels should be determined manually, the program does not do that automatically. It only moves the levels depending on your expectations.

Important! Do not set zero values to the parameters, as this may affect the correct operation of the program.

Make sure that the symbol and spread allow using the entered values of protective orders.


Demo version: https://www.mql5.com/en/market/product/28559

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IShift Lite is utility for trading directly from the depth of market. IShift Lite allows: perform trade operations directly from the DoM with a "single touch"; easily move your orders in the DoM: automatically place Stop Loss and Take Profit; Place limit order as Take Profit; move position to breakeven; automatically move Stop Loss along the price; calculate the volume of an order depending on a fixed risk level or a fixed margin level. IShift Lite is primarily intended for high-speed and visual
55 USD
Exp5 Duplicator
Vladislav Andruschenko
Expert Advisor Duplicator repeats trades a preset number of times on your account  MetaTrader 5 . The following functions are supported: custom lot for copied trades, copying Stop Loss, Take Profit, use of trailing stop and much more. It copies all deals opened manually or by another Expert Advisor. It is possible to increase the lot size of the signals. Copies signals and increases the lot from signals! MQL5 Signal Lot Increase Note : This is not a copier for trade between terminals. A trade co
49 USD
Infinity Trade Utility TL
Evgenii Aksenov
⭐   ⭐   ⭐   ⭐   ⭐ The Utility for managing orders in manual/semi-automatic/automatic modes by INFINITY TrendLine PRO indicator signals RECOMMENDATION Symbols     Any pairs: FX, Metals, Coins, CFD, Index Timeframe     M5-D1 Minimum deposit         1 00 usd or 100 cents     Promo of Month Buy One --> Get One FREE (Conditions here:  https://www.mql5.com/en/blogs/post/740436 ) Today price / Next price $125/$149    🏃   🏃   🏃   IMPORTANT: 1. The utility requires a purchased or rented version
125 USD
The Copier MT5
Andrey Barinov
This is a professional trades copier with easy to use interface and fast rock solid execution. It has some unique functionality which is missing in other trades copiers (see details below). It can copy trades between both MT4 and MT5 terminals in any combinations. Supports "One to Many" and "Many to One" copying modes. This product can not be tested in strategy tester. Please, download demo version here:  https://www.mql5.com/en/market/product/36142 Version for MetaTrader4 is available here:
99 USD
Trade Copier Pro MT5
Vu Trung Kien
Trade Copier Pro MT5 is a tool to copy trade remotely between multiple MT4/MT5 accounts at different computers/locations over internet. This is an ideal solution for signal provider, who want to share his trade with the others globally on his own rules. One provider can copy trades to multiple receivers and one receiver can get trade from multiple providers as well. The provider can even set the subscription expiry for each receiver, so that receiver will not be able to receive the signal after
149 USD
Tick chart generator
Artur Zas
Utility used to create custom Tick charts and provide real-time updates. This is an MT4 "offline" chart equivalent which is very simple to use. You can attach any MT5 compatible indicator or template to the tick chart and perform your technical analysis. Tick charts measure a number of transactions per bar. You can choose any number of ticks per bar but most traders choose Fibonacci numbers (1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233...). The generator uses tick data to plot the historical tick
38 USD
WaltSoft Trade Manager MT5
WaltSoft
Automatically Calculate the Lot Size for a given Percent Risk  and place the order with Stop Loss and Take Profit with one single click of a button. Drag and position your Stop Loss and Take Profit before placing the actual order. Can close positions with one click of a button. Can lock in profit of your trades with a Set Break Even function and/or a Trailing Stop Loss. Can work with Market Orders, Instant Orders, Pending Stop Orders and Pending Limit Orders. Works on any instrument:  Forex, Bo
99 USD
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[Deleted] 2019.01.14 06:32 
 

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Andre Araujo
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Andre Araujo 2018.12.19 10:58 
 

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