Risk and order managing EA

If you are looking for an easy use EA that helps you managing the risk and moving SL without spending your time in front of the computer, this EA is your answer.

1. First of all you will decide if you want to go with a fixed lot or a lot that adjusts your risk to a certain percent based on the difference between the opening price and SL. The best way to earn money is with good use of risk management and the power of compounding.

2. Then choose if it is a market order or pending order.

3. Then select the boxes of Fixed Moving SL and/or Trailing SL. This will give you 4 options :

  • Both checked: When the price hits TP1, SL will be moved to Break Even. When price hits TP2, SL will be moved to TP1. From this point on the SL will be trailed to the same distance from the price as the price is from TP3. So lets say TP1 is 1, TP2 is 2 and TP3 is 3. The price is 2 (we have just hit TP2) and SL is set to 1. When price reaches 2.25, SL will be moved to 1.5 (current price (2.25) - (TP3 (3)- current price (2.25)). When price reaches 2.5 the SL will be on 2 and so on until TP or SL are hit.
  • None checked: order will be closed with SL or TP3.
  • Fixed SL checked only: in this case SL will be moved according to the TPs only. When price reaches TP1 it will be moved to Break Even. When price reaches TP2 it will be moved to TP1.
  • Trailing checked only: the order will be managed according to the trailing stop described in the first point

4. Choose the Spread in which you want the EA to operate. If it is higher than that it will not open trades.

5. Time to indicate SL and TP either in points or price. Make sure they are logical numbers (if buying for example SL below opening price and opening price <TP1<TP2<TP3). You can also select how much of the opened volume is going to be closed in each of the TPs.

6. If you are in a hurry to open the trade just open it and later set the TPs and modify the order later.

Let the computer finish your job!! I really hope this EA helps you achieve your goals with less work! Enjoy!

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This is a simple and very effective utility for closing orders with one click. You will need it if you have a number of open orders on your balance and it takes too long to close them manually, which might lead to an extra loss of money on the account. The utility consists of an external panel with two buttons " Close by Filter"   and " Close ALL" , which is convenient to move around the graph. You can set the Close ALL utility so that orders are closed as soon as the specified profit or loss v
Take a Break
Eric Emmrich
5 (31)
News filter, equity guard & session control for all your EAs — one tool, full protection Take a Break has evolved from a basic news filter into a comprehensive account protection solution . It pauses your other Expert Advisors during news events or based on custom filters. When trading resumes, it automatically restores your entire chart setup , including all EA settings. Why traders choose Take a Break One news filter for all your EAs — no more relying on individual built-in filters that may o
O MT4 para Telegram Signal Provider é uma ferramenta fácil de usar e totalmente personalizável que permite o envio de sinais para o Telegram, transformando sua conta em um provedor de sinais. O formato das mensagens é totalmente personalizável! No entanto, para uso simples, você também pode optar por um modelo predefinido e habilitar ou desabilitar partes específicas da mensagem. [ Demonstração ]   [ Manual ] [ Versão MT5 ] [ Versão Discord ] [ Canal do Telegram ]  New: [ Telegram To MT5 ] Conf
Chart Notes = MULTI LINE TEXT INPUT ON CHART FOR MT4   is finally here! # sticky notes This indicator is a powerful text editor for placing notes on chart, similarly like the feature on Tradingview.  There are 2 types of messages: anchored (on screen ) and free (on chart).  1. Anchored = stays on the same place on screen (x point, y point) -this text can be   EDITED on click   (first line is for dragging the message around- this line is edited via right clicking- >properties) -move the message
O Risk/Reward Tool é um Expert Advisor de nível profissional projetado para revolucionar a forma como você planeja, visualiza e executa operações no MetaTrader 4. Seja você um trader discricionário que valoriza a gestão precisa de risco ou um desenvolvedor de estratégias que precisa testar configurações de trading visualmente, esta ferramenta fornece tudo o que você precisa em uma interface elegante e intuitiva. Diferente das calculadoras de posição básicas, o Risk/Reward Tool combina planejamen
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