SL Maestro

5

SL Maestro - Forex Expert Advisor SL Maestro - Forex Expert Advisor with Advanced Stop-Loss Features

Introducing SL Maestro, the ultimate Forex Expert Advisor (EA) designed to enhance your trading strategy by adding stop-losses to existing trades with precision and flexibility. SL Maestro is not just limited to simple pips-based stop-losses; it incorporates a variety of advanced techniques to ensure optimal protection for your trades.

Key Features:

  • Pips-Based Stop-Loss:
    • Easily set a stop-loss based on a specific number of pips.
  • Percentage-Based Stop-Loss:
    • Percentage of Price: Set a stop-loss at a certain percentage of the trade's entry price.
    • Percentage of Balance: Calculate the stop-loss based on a percentage of your account balance.
    • Percentage of Equity: Use your account equity to determine the stop-loss level.
  • ATR-Based Stop-Loss:
    • Utilize the Average True Range (ATR) indicator to set a stop-loss that adapts to market volatility.
  • Swing High/Low:
    • Implement stop-losses using the last swing high/low (i.e. fractal), which can help in placing the stop-loss at strategic support or resistance levels.
  • Comprehensive Customization Options:
    • Tailor every aspect of your stop-loss strategy with a detailed list of customizable options. Whether you prefer fixed levels or dynamic adjustments, SL Maestro offers the flexibility to meet your specific needs.

With these sophisticated stop-loss features, SL Maestro provides robust risk management tools to safeguard your trades, helping you to mitigate losses and protect your capital in various market conditions.

Parameter Description
Include positions with comment The EA will add stop-loss to positions with this comment
Include positions with magic number The EA will add stop-loss to positions with this magic number
>> >> S T O P L O S S S E T T I N G S
Stop Loss Type Fixed Stop Loss (pips): a fixed number of pips, specified in the "Fixed Stop Loss (pips) parameter below

% of Price: A percentage of opening price.

% of Take Profit: A percentage of take-profit. If the position doesn't have a take-profit, no SL will be added.

Swing High/Low: The last swing high/low, depending on whether it's a buy or sell position.

ATR-Based: Calculate SL value by using the ATR indicator.

% of Balance: Use a percentage of balance to calculate SL.

% of Equity: Use a percentage of equity to calculate SL.
Add Spread? true means the EA will add spread to SL
false means the EA will not add spread to SL
SL Offset (pips) The EA will add this offset to SL This allows you to adjust the SL as required.
Put 0 here if you don't want to use this feature.
Fixed Stop Loss (pips) If the 'Stop Loss Type' parameter is set to "Fixed Stop Loss (pips)", the number of pips you specify here will be used as SL
Stop Loss Percentage This value is used if the 'Stop Loss Type' parameter is set to "% of Price", "% of Take Profit", "% Balance" or "% of Equity".
> > S T O P L O S S - A T R - B A S E D
If the 'Stop Loss Type' parameter is set to "ATR-Based", the following parameters will be used to calculate SL
Timeframe Timeframe for the ATR.
You can use current chart timeframe, or any other timeframe you prefer, i.e. daily.
Period Period for the ATR.
This is typically 14, but you can specify whatever value you want.
If Timeframe is 1d and Period is 14, this means 14 days.
Multiplier The calculated ATR will be multiplied by this value.
This allow you to adjust SL as required.
Minimum (pips) If the calculate SL is lower than this value, this value will be used instead.
Maximum (pips) If the calculated SL is higher than this value, this value will be used instead.
> > S T O P L O S S - A T R - B A S E D
If the 'Stop Loss Type' parameter is set to "Swing High/Low", the following parameters will be used to calculate the swing.
A swing is simply the highest/lowest value, on a specific timeframe, for the last x number of candles.
Timeframe Timeframe for the swing calculation.
Start Candle The candle from which to start the calculation
1 means the last closed candle (i.e. the one before current candle).
End Candle The candle at which to stop the calculation.
Minimum Distance from Opening Price (pips) This allows you to specify a minimum number of pips to be used for the S.
This will protect you in case the last swing high/low was too close to the opening price.
>> >> W E E K D A Y F I L T E R
This section allows you to specify which days the EA will operate.
true means the EA will add an SL on that day.
false means the EA will not add an SL on that day
Monday Add SL on Monday?
Tuesday Add SL on Tuesday?
Wednesday Add SL on Wednesday?
Thursday Add SL on Thursday?
Friday Add SL on Friday?
Saturday Add SL on Saturday?
Sunday Add SL on Sunday?
Recensioni 1
semur1
64
semur1 2025.01.06 15:59 
 

Thank You for this EA. Long time want to find SL robot with atr. Finally found this for free. I hope to avoid large losses now.

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Siarhei Vashchylka
5 (9)
Utilità
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Biswarup Banerjee
3.82 (11)
Utilità
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KEENBASE SOFTWARE SOLUTIONS
3.4 (5)
Utilità
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Juvenille Emperor Limited
5 (2)
Utilità
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Carlos Oliveira
4.5 (10)
Utilità
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Fatemeh Ameri
4.96 (53)
Utilità
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Leolouiski Gan
5 (25)
Utilità
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ISO Financial Services
3.71 (7)
Utilità
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Simon Pavlin
Utilità
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Vahidreza Heidar Gholami
Utilità
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Vu Trung Kien
4.76 (85)
Utilità
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Nguyen Nghiem Duy
Utilità
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Eric Emmrich
5 (31)
Utilità
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BLAKE STEVEN RODGER
4.33 (15)
Utilità
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Sergio Marquez Uroz
5 (3)
Utilità
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Edge Zone EA
FXsolutions
5 (1)
Utilità
With this Expert Advisor you will follow the sound trading principle Buy Low and Sell High by default ! And you can do that even with a normal day job . You will be even able to trade on lower timeframes which you could never do without such an Expert Advisor. And the best thing is that you are in control! You can tell the Edge Zone EA where it has to enter and where it has to exit. And you can do that even many hours before the trade will occur . This EA is therefore an excellent assistant for
Altri dall’autore
SL Maestro MT5
Ashraf Elrefaey
Utilità
SL Maestro - Forex Expert Advisor SL Maestro - Forex Expert Advisor with Advanced Stop-Loss Features Introducing SL Maestro , the ultimate Forex Expert Advisor (EA) designed to enhance your trading strategy by adding stop-losses to existing trades with precision and flexibility. SL Maestro is not just limited to simple pips-based stop-losses; it incorporates a variety of advanced techniques to ensure optimal protection for your trades. Key Features: Pips-Based Stop-Loss : Easily set a stop-loss
FREE
Pips Keeper MT5
Ashraf Elrefaey
Utilità
Pips Keeper is a sophisticated Forex trade manager expert advisor designed to enhance trading efficiency and optimize profit-taking strategies. With its intuitive functionality, this EA empowers traders to automate the process of closing profitable positions at predefined profit thresholds, thereby maximizing returns and minimizing risks. Key Features: 1.   Threshold-based Profit Closure:   Pips Keeper enables traders to set customizable profit thresholds, allowing for the automatic closure o
FREE
PropFirm Consistency Analyst MT5
Ashraf Elrefaey
Utilità
Introducing "PropFirm Consistency Analyst" — your dynamic companion for achieving consistency in proprietary trading. This innovative Expert Advisor operates seamlessly, continuously calculating consistency metrics between two specified dates, providing real-time insights throughout the trading month. Tailored specifically for prop traders, this tool serves as a dedicated ally in meeting the stringent consistency requirements set by some proprietary firms. By evaluating trading performance on
FREE
PropFirm Consistency Analyst
Ashraf Elrefaey
Utilità
Introducing "PropFirm Consistency Analyst" — your dynamic companion for achieving consistency in proprietary trading. This innovative Expert Advisor operates seamlessly, continuously calculating consistency metrics between two specified dates, providing real-time insights throughout the trading month. Tailored specifically for prop traders, this tool serves as a dedicated ally in meeting the stringent consistency requirements set by some proprietary firms. By evaluating trading performance on
FREE
Pips Keeper
Ashraf Elrefaey
Utilità
Pips Keeper is a sophisticated Forex trade manager expert advisor designed to enhance trading efficiency and optimize profit-taking strategies. With its intuitive functionality, this EA empowers traders to automate the process of closing profitable positions at predefined profit thresholds, thereby maximizing returns and minimizing risks. Key Features: 1. Threshold-based Profit Closure: Pips Keeper enables traders to set customizable profit thresholds, allowing for the automatic closure of pr
FREE
DominuTron
Ashraf Elrefaey
Experts
Introducing DominuTron, the ultimate Forex Expert Advisor (EA) designed to navigate the dynamic and ever-changing currency markets with unparalleled precision and adaptability. With its innovative approach, DominuTron combines trend-following strategies with intelligent grid recovery techniques to maximize profit potential in any market condition Price will go up from $99 up to the final price of $1199. Set files and backtest results can be downloaded from  here . MT5 version is available from h
DominuTron MT5
Ashraf Elrefaey
Experts
Introducing DominuTron, the ultimate Forex Expert Advisor (EA) designed to navigate the dynamic and ever-changing currency markets with unparalleled precision and adaptability. With its innovative approach, DominuTron combines trend-following strategies with intelligent grid recovery techniques to maximize profit potential in any market condition Price will go up from $99 up to the final price of $1199. Set files and backtest results can be downloaded from  here . MT4 version is available here .
Filtro:
semur1
64
semur1 2025.01.06 15:59 
 

Thank You for this EA. Long time want to find SL robot with atr. Finally found this for free. I hope to avoid large losses now.

Ashraf Elrefaey
2671
Risposta dello sviluppatore Ashraf Elrefaey 2025.01.07 11:32
Thank you for the comment and review, much appreciated.
Please have a look at DominuTron too: https://www.mql5.com/en/market/product/117073
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