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MT4 sl/tp help pls?

Členom od Apr 13, 2011  16 príspevkov Spotfx (spotfx) May 09 2011 at 10:56
Hi, wondering if there is anything already in existence that I could use to auto set a fixed sl & tp on every trade. My entries are @ candle close instant and by time I set tp and sl price has moved on. Not a problem to edit if only one position taken but on a few different pairs simultaneously then its a pain ;) I am new to MT4 so needs to be REALLY simple to set up ie idiot proof ;)

Any ideas appreciated, thanks :)


Členom od Feb 26, 2011  38 príspevkov Ermes May 09 2011 at 12:13
Hi Spotfx,
there are a lot of scripts developed for MT4 Platform. I'm not sure about what are you searching for...
Maybe Swiss Army EA (Automatic order management) will work for you. I have not tried it and I cannot tell you if it only works with pending orders.
Swissy Army is an EA. You must attack him into a new graphic chart and give it a magic number (if you're trading with an other EA). No good reviews on it.

Second choice:
These others are scripts that allow you to modify your orders.
You have to drag the script and drop it exactly in the point you want the stop/take levels to be.

Best Regards,

"Without discipline, there’s no life at all."

Členom od Apr 13, 2011  16 príspevkov Spotfx (spotfx) May 09 2011 at 12:37
Thanks Ermes ..those sound a bit complicated :(

I just want to be able to hit the buy or sell button and have an automatic 20pip stop loss and take profit set at the same time. ie one click does it all.


Členom od Feb 26, 2011  38 príspevkov Ermes May 09 2011 at 14:22
You're welcome Spotfx.
I'm sorry that I was not helpful.
You can set up stop loss even when you place an order (pop-up window should already ask for the Stop Loss and Profit Target along with the other trade details).
If you don't want change the order manually, you need a script.

We look for other options.

Have a nice day,

"Without discipline, there’s no life at all."
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