Ghost SL TP: Free MT4/MT5 Expert Advisor

Overview

The expert advisor monitors active positions and executes market orders to close trades when a user-defined virtual stop loss or take profit distance is reached. It features flexible filtering options, allowing users to apply settings to specific symbols, magic numbers, or order comments. The utility includes a graphical interface for easy monitoring control and supports alert notifications via desktop, mobile, or email.

Hidden stop loss and take profit execution

Filtering by magic number and comment

Visual interface with status panel

Multi-channel alert notifications

Adjustable reference price for buy and sell orders

Details

Author

EarnForex on GitHub

Type

Trade manager

Platform

MetaTrader 4 (MQL4) and MetaTrader 5 (MQL5)

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

Topics

expert-advisorforexforex-marketmetatradermetatrader-4metatrader-5mql4mql5mt4mt5

Source

github.com/EarnForex/Ghost-SL-TP

Input parameters

Read from MQLTA MT5 Ghost Take Profit And Stop Loss.mq5. Defaults are the author's; change them in the EA's Inputs tab.

Name	Type	Default	Description
`Comment_1`	`string`	`====================`	Expert Advisor Settings
`BuyRefPrice`	`ENUM_REFERENCE_PRICE`	`PRICE_BID`	Reference Price for Buy Orders
`SellRefPrice`	`ENUM_REFERENCE_PRICE`	`PRICE_ASK`	Reference Price for Sell Orders
`SLDistance`	`int`	`500`	Stop-Loss in Points
`TPDistance`	`int`	`500`	Take-Profit in Points
`Slippage`	`int`	`10`	Slippage in Points
`AsyncMode`	`bool`	`false`	Async Mode
`Comment_2`	`string`	`====================`	Orders Filtering Options
`OnlyCurrentSymbol`	`bool`	`true`	Apply to Current Symbol Only
`OnlyType`	`ENUM_CONSIDER`	`All`	Apply to
`UseMagic`	`bool`	`false`	Filter by Magic Number
`MagicNumber`	`int`	`0`	Magic Number (if above is true)

Show all 32 inputs

Name	Type	Default	Description
`UseComment`	`bool`	`false`	Filter by Comment
`CommentFilter`	`string`		Comment (if above is true)
`EnableMonitoringParam`	`bool`	`false`	Enable Monitoring
`Comment_3`	`string`	`====================`	Notification Options
`EnableNotify`	`bool`	`false`	Enable Notifications Feature
`SendAlert`	`bool`	`true`	Send Alert Notification
`SendApp`	`bool`	`false`	Send Notification to Mobile
`SendEmail`	`bool`	`false`	Send Notification via Email
`Comment_3a`	`string`	`====================`	Graphical Window
`ShowPanel`	`bool`	`true`	Show Graphical Panel
`ExpertName`	`string`	`MQLTA-GTPSL`	Expert Name (to name the objects)
`Xoff`	`int`	`20`	Horizontal spacing for the control panel
`Yoff`	`int`	`20`	Vertical spacing for the control panel
`ChartCorner`	`ENUM_BASE_CORNER`	`CORNER_LEFT_UPPER`	Chart Corner
`FontSize`	`int`	`10`	Font Size
`DisplayLines`	`bool`	`true`	Display Lines
`TPColor`	`color`	`clrGreen`	TP Line Color
`SLColor`	`color`	`clrSalmon`	SL Line Color
`LabelFont`	`string`	`Tahoma`	Label Font
`LabelSize`	`int`	`8`	Label Size

How to install it

1Download the sourceUse "Download source (.zip)" above, or clone EarnForex/Ghost-SL-TP from GitHub, and unzip it.

2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL4/Experts or MQL5/Experts.

3Copy the filesCopy the .mq4 / .mq5 file into Experts, and any .mqh files into the Include folder the code expects.

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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Overview

Details

Author

Type

Platform

Markets

Timeframes

Risk profile

EA files

Topics

Source

Input parameters

How to install it

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