RiskPilot Auto Stop Loss Manager

Automatic SL and TP for every new trade. RiskPilot AutoStop sets a default stop loss and take profit on manual, mobile and pending orders within a second of opening, with risk:reward targets, per-symbol settings, break-even and a trailing stop.

Main features

• Automatic SL and TP – every new trade receives your default stop loss and TP, including trades opened from the MetaTrader 5 mobile app or web terminal, as long as the terminal running the utility is open (a VPS keeps it running at all times).
• Risk:reward targets – set the stop loss and the TP is placed at the ratio you choose, for example 2:1. A fixed TP distance is also available.
• Per-symbol defaults – different distances for each symbol, for example XAUUSD=150/300;EURUSD=20/40. Broker suffixes such as XAUUSD.r or XAUUSDm are recognised.
• Distance units – pips, points or price distance. In price mode, a value of 15 on gold means 15 dollars.
• Pending orders – limit and stop orders receive the same default SL and TP before they are filled.
• Break-even and trailing stop (optional) – both only move the stop in your favour and never loosen it.
• Chart labels – each SL and TP line shows the result in account currency, as a percentage of the balance and in R multiples.

Safe by design

• It only fills a missing SL or TP. A stop you set or moved yourself is never overwritten, and partial closes do not reset anything.
• By default it manages manual trades only (magic number 0), so trades of other Expert Advisors are not touched. You can switch to one magic number or to all trades.
• Broker stop and freeze levels are respected, prices are rounded to the tick size, and failed modifications are retried.
• Trades opened while the utility was not running are handled as soon as it is attached again.
• It never opens trades on a live or demo account. In the Strategy Tester it opens small test trades so that its work can be seen.

Useful for traders on prop-firm accounts that require a stop loss on every position.

How to use

1. Attach the utility to any chart. One chart is enough: it manages all symbols unless the option to manage only the chart symbol is enabled.
2. Choose the distance unit, the stop loss and the risk:reward ratio or a fixed TP.
3. Enable Algo Trading and trade as usual.

Input parameters

• Distance unit – pips, points or price distance.
• Stop loss / TP distance – default distances; 0 means the level is not set.
• TP from risk:reward, ratio – places the TP at the stop loss distance multiplied by the ratio.
• Per-symbol defaults – list in the format SYMBOL=SL/TP, separated by semicolons.
• Only fill missing SL/TP – when enabled, existing levels are never changed.
• Trades to manage – manual trades only, one magic number, or all trades.
• Magic number – used when one magic number is selected.
• Only the chart symbol – limits the utility to the symbol of its chart.
• Pending orders – also sets SL and TP on pending orders.
• Break-even at, lock – profit distance that moves the stop to the entry price, plus an optional locked distance.
• Trailing start, distance, step – profit distance to start trailing, distance behind the price, and minimum step.
• Labels – show labels, bars to the right, font size and colours.

Works on hedging and netting accounts, on any symbol and timeframe.