FastAutolot MT4
50 USD
Demo downloaded:
8
Published:
15 November 2022
Current version:
1.7
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hi, mine doesnt set the auto take profit i turned it on/off i tried different settings multiple orders but it didnt set a take profit. can you fix this please
sure write me in chat and send me a screenshot of how you set the setting
1. How It Works (The Workflow)
The EA transforms a "trigger" trade into a professional trade with calculated risk:
Open a manual trade with a specific lot size (0.01, 0.02, or 0.03).
Immediately set a manual Stop Loss (SL).
The EA intervenes: it closes the test trade and opens a new one with the correct lot size to risk exactly the amount or percentage chosen in the settings.
Automatic Target: The EA sets the Take Profit based on your desired Risk/Reward ratio.
2. Installation and Activation via Market
Since you downloaded the EA from the Market, you don't need to copy any files manually.
Find the EA: In your terminal (MT4 or MT5), go to the "Navigator" window.
Market Subfolder: Expand "Expert Advisors" and you will find a folder named "Market". The EA is located there.
Apply to Chart: Drag and drop RiskManagementEA onto the chart of the instrument you wish to trade.
CRITICAL REQUIREMENTS FOR TRADING:
Common Tab: When loading, ensure the "Allow live trading" (or "Allow Algo Trading") box is checked.
Algo Trading Button: In the top toolbar of MetaTrader, the "Algo Trading" (or AutoTrading) button must be GREEN. If it is red, the EA cannot function.
3. Configuration Parameters
ActivePercentageRisk: Calculates risk based on a % of the balance.
Active_Fix_in_Money_Risk: Calculates risk based on a fixed amount (e.g., $100).
LEVEL 1/2/3 Risk: Define the risk associated with the "trigger" lots 0.01, 0.02, and 0.03.
Break Even & Partial Close: Automates profit protection once a certain number of pips is reached.
4. Golden Rule
The EA strictly requires a Stop Loss to calculate the lot size. Without an SL, the EA won't know how many lots to open to respect your risk and will not execute the trade.