VM Auto SLTP Basic

VM Auto SLTP Basic - Intelligent Trade Management for Scalpers

Enhance your scalping strategy to a higher level. VM Auto SLTP Basic automatically manages Stop Loss and Take Profit for orders that are opened manually or by other Expert Advisors. This tool does not open trades on its own, allowing you to maintain full control while enjoying precise risk management.

Full documentation available in the product blog: [User Guide]

For additional trade management features, see VM Auto SLTP Pro. It supports SL/TP settings based on ATR, points, fixed price levels, or USD values, along with R-based trailing and an on-chart control panel.

Key Features

• SL/TP based on ATR or fixed price

• Automatic SL move to Breakeven

• Enhanced Breakeven system with 2 modes: Points and R (risk-reward based), including safety buffer when moving SL
  

• Trailing Stop feature with customizable start level and step size for dynamic trade management
  

• Risk management as a percentage of account balance

• Supports manual orders and runs on a single chart

• Automatically close all orders when total profit or total loss reaches predefined USD levels

• Added the ShowControlPanel feature with a redesigned control interface.

• The panel now displays Status, Symbol, SL/TP, Profit, number of Positions, and Lot size.

• Added quick-action buttons: Buy, Sell, and Close All for easier order management.

• Supports pending orders including Buy Limit, Sell Limit, Buy Stop, and Sell Stop, with predefined stop loss and take profit.

Why Choose VM Auto SLTP Basic

• Ideal for both manual traders and automated strategies

• Flexible integration with popular scalping indicators

• Consistent, accurate order management for better control

Usage Notes

All functions can be enabled or disabled individually.

Set True to activate a feature and False to deactivate it.

Every parameter is fully customizable, allowing you to adjust the settings according to your trading strategy, risk tolerance, and market conditions.

Proper configuration ensures the tool works efficiently and aligns with your personal trading style.

Support and Recommendations
Always test on a Demo account before using on Live. For guidance, contact the author via MQL5 messages or leave a comment on the product page.

Disclaimer:
This Expert Advisor only manages orders and does not automatically open trades. Always apply proper money management and risk management practices.