KT Auto SL TP EA
MT4 | MT5
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- Update Log
KT Auto SL TP EA for MT4 & MT5 automatically sets the stop-loss and take-profit as soon as it detects manually placed open trades on the chart. It can effortlessly place the stop-loss and take profit for the market, limit and stop orders simultaneously.
Features of KT Auto SL TP EA
- It can set the stop-loss and take-profit for all the active symbols from a single chart.
- Equipped with trailing stop-loss with steps.
- The EA works for the market and pending orders both.
- Shows the informational text information on the chart.
- As it detects the stop loss and profit target by symbol, there is no need to use a magic number.
- - - - - - Symbol - - - - -
Current Symbol: Sets the stop-loss and take profit only for the current symbol/chart.
All Symbols: Sets the stop-loss and take profit for all the symbols.
- - - - - - Type - - - - -
Positions: Sets the stop-loss and take profit only for the market orders.
Pending Orders: Sets the stop-loss and take profit only for the pending orders i.e, Limit and Stop orders.
Both: Sets the stop-loss and take profit only for market and pending orders both.
- SL in points.
- TP in points.
- Rest of the inputs are self-explanatory.
Auto Stop Loss MT5 | MT4
By default, a trading order on Metatrader is always without a stop-loss. This EA helps to place an SL instantly when an order is placed. In Forex trading terminology, such an order is a stop-loss order.
The EA calculates the SL/TP based on the open price of a market or pending order.
We look forward to adding stop loss trailing in the next version as it helps move the stop loss automatically to capture profits.
The installation is simple, just like any other EAs. First, you must copy the EA file into the Experts Folder of your Metatrader data folder.
- Added trailing stop-loss with steps.
- Addresses some bugs.
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