This MetaTrader expert advisor functions as a trade manager that automates stop loss adjustments for existing positions. It specifically waits until a trade reaches a user-defined profit threshold in points before initiating a trailing stop. The tool includes flexible filtering options to manage specific symbols, magic
Trade manager · MT4
Calculo SL TP
This MetaTrader 4 expert advisor functions as a manual trade management tool.
GitHub stars1
Forks0
Last update3 years ago14 May 2023
LicenceNone stated
Overview
Calculo SL TP creates a graphical user interface panel directly on the chart, allowing traders to input specific price levels for protective measures. The EA specifically focuses on calculating and applying stop loss and take profit levels for manually opened positions. By using an on-screen panel with editable fields, it simplifies the process of setting exit parameters for trades. The repository documentation is minimal and the code relies on custom external include files for its core graphical and operational functions.
- On-screen graphical interface
- Manual stop loss management
- Manual take profit management
- Real-time chart object handling
Details
Author
DayiCuellar on GitHub
Type
Trade manager
Platform
MetaTrader 4 (MQL4)
Markets
Any symbol
Timeframes
Any timeframe
Risk profile
No grid, martingale or hedging logic was found in its code or README. That says nothing about how it performs: backtest it first.
EA files
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone DayiCuellar/CALCULO-SL-TP from GitHub, and unzip it.
- 2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL4/Experts.
- 3Copy the filesCopy the .mq4 file into Experts.
- 4Compile in MetaEditorOpen the file in MetaEditor and press Compile. Fix any missing includes the compiler reports.
- 5Test before you tradeRun it in the Strategy Tester, then attach it to a demo chart and allow algorithmic trading.
Third-party code. ForexR did not write, test or endorse this EA, and the summary above was generated automatically from its README and code. ForexR lists only repositories with readable source code and never hosts files. Read the code, backtest it and use a demo account first; automated trading can lose money quickly.
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