Market / MetaTrader 5 / Utilities /

AutoTP MT5

Demo downloaded: 3

Published: 24 February 2023

Current version: 23.309

AutoTP MT5

Utilities
Hoang Van Huan
Version: 23.309
Updated: 15 March 2023
Activations: 5

Auto Take Profit MT5 is designed to take profits in automatic way.

As a trader (manual or auto), you define your own expected profits schema. When you open one or several orders, the AutoTP program calculates profits then update into SL or TP automatically. It also re-calculates and updates accordingly for remaining open positions when a new order opened or an existing position closed.

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(Watch live in this DEMO ONLY signal https://www.mql5.com/en/signals/1871829).

(MT4 version available here https://www.mql5.com/en/market/product/94662).

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Below is an example when trading GOLD / XAUUSD:

You setup parameters:

Profit = 5$ (for 0.01)

Calculation mode = POS (means profit is 5$ for one position)

Closing mode = TP (set target price into TP or SL)

You will open buy positions as below:

P1: BUY 0.01 at 1900 => System sets TP = 1905

P2: BUY 0.02 at 1880 => System set TP = 1890 (for both positions)

If you open sell positions:

P3: SELL 0.01 at 1900 => System sets TP = 1895

P4: SELL 0.02 at 1905 => System set TP = 1900 (for both positions)

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Version 23.309 2023.03.15

+ Set a period to re-calculates and update SLTP. This now will happen at begining of a new bar, and after each 30 (by default) seconds.

Version 23.226 2023.02.27

Adding more logs & description