Auto SL TP EA Features
- Every manual trade gets protection: trades and pending orders you open on your computer or your phone. Trades opened by your other EAs are left alone.
- Fast checks: the EA looks at your trades about seven times a second, so a trade without a stop loss never waits for the next tick.
- Break even with a profit lock: when the trade reaches your Break-Even Trigger, the stop loss moves to the entry price plus your Break-Even Offset.
- A break-even stop loss stays where it is: once the stop loss sits at break even, the EA never pulls it back to the original distance.
- A trailing stop that waits for break even: with both switched on, the trailing stop starts after the break-even move and then follows price at your Trailing Points distance.
- Pending orders covered before they fill: the stop loss and take profit are measured from the order price, so they are already in place when the order triggers.
- Your broker's rules respected: a distance below the broker's minimum stop level is widened to that minimum, so the levels are accepted the first time.
- Your settings on the chart: a small label shows the symbol scope, the order type and your stop loss, take profit, break-even and trailing values.
How the EA Manages a Trade
You buy EURUSD on your phone with no stop loss. With SL Points at 300, TP Points at 600, Break-Even Trigger Points at 150 and Break-Even Offset Points at 20, the EA adds a stop loss 30 pips below the entry and a take profit 60 pips above it.
When the trade is 15 pips in profit, the stop loss moves to 2 pips above the entry. If Trailing Points is set, the stop loss follows price from there. The EA never closes the trade itself: your broker closes it when the stop loss or the take profit is reached.
Auto SL TP EA Settings
| Input | What it does |
|---|
Enter your License Key
Default: empty | Your licence key, found on the My Purchases page. |
Symbol
Default: Current Symbol | Current Symbol manages the chart symbol only. All Symbols manages every symbol from one chart. |
Type
Default: Both | Manage Positions, Pending Orders or Both. |
SL Points (0: disabled)
Default: 100 | Stop loss distance from the entry price, in points. |
TP Points (0: disabled)
Default: 100 | Take profit distance from the entry price, in points. |
Break-Even Trigger Points (0: disabled)
Default: 0 | Profit in points at which the stop loss moves to break even. |
Break-Even Offset Points
Default: 0 | Points of profit locked beyond the entry price at break even. |
Trailing Points (0: disabled)
Default: 0 | Distance the trailing stop keeps from price, in points. |
Trailing Step Points
Default: 5 | Extra points price must move before the trailing stop moves again. |
Font Size, Corner, X Position, Y Position, Text Color
Default: 10, lower right, 20, 20, blue | Size, place and color of the chart label. |
Pro Tip: A Wide Stop Loss That Turns Safe Fast
Scalping with a 55 pip stop loss? Set SL Points to 550, Break-Even Trigger Points to 50, Trailing Points to 50 and Trailing Step Points to 50. After 5 pips of profit the stop loss sits at your entry, and from 10 pips it trails 5 pips behind price.
Frequently Asked Questions
Does it work on MT4 and MT5?
Yes. There is an MT4 version and an MT5 version with the same settings, and the MT4 + MT5 option gives you both.
Are the distances in points or pips?
In points. On most 5 digit forex pairs, 10 points equal 1 pip, so 300 points is a 30 pip stop loss. On gold and indices, the point size is shown in Market Watch, under Specification.
Will it change a stop loss I move by hand?
When you attach the EA, it sets every manual trade on the selected symbols to your distances. After that, it acts only when a stop loss or take profit is missing, or when break even or the trailing stop moves the stop loss in your favour.
Does the EA open or close trades?
No. It only sets and moves the stop loss and take profit. Your entries stay yours, and your broker closes each trade at its stop loss or take profit.
Can I use it next to other EAs, on a demo or a live account?
Yes. It manages only the trades you open by hand, so your other EAs keep their own stop loss and take profit. It works on any demo or live account where Expert Advisors are allowed.
Does MetaTrader need to stay open?
Yes. Like every EA, it works while MetaTrader runs with Algo Trading switched on. A VPS keeps it working when your computer is off.
You choose the entries. KT Auto SL TP EA makes sure every one of them has a stop loss, a take profit and a break-even stop, without you touching a button.
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