FX Auto Risk Management TP SL and Out Stop v3


FX Auto Risk Management TP SL and Out Stop v3.10


Strengths of the Script

1. Comprehensive Risk Management

  • Automated Take Profit and Stop Loss with customizable percentage-based settings

  • Trailing Stop with two adjustable modes (Normal and Aggressive)

  • Stop Out based on floating loss/profit percentage

2. Advanced Features

  • Multi-mode trailing stop with different parameters for each mode

  • Slippage control for more realistic order execution

  • API request limit to prevent server overload

3. Effective Error Handling

  • Input parameter validation in  OnInit()

  • Detailed error handling with the  GetRetcodeDescription()  function

  • Protection against division by zero and negative values

4. Performance Optimization

  • Millisecond timer for trailing stop adjustments

  • New tick detection to avoid redundant processing

  • Request rate limiting (per second)

5. Flexibility

  • Works for all positions or can be filtered by Magic Number

  • Features can be enabled/disabled via input parameters


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