Automatic SL & TP script when entering a trade | Forex Factory

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Automatic SL & TP script when entering a trade

  • #1
  • First Post: Jan 21, 2010 10:48pm Jan 21, 2010 10:48pm
Hi Guys,

I never used mt4 to trade but that's going to change soon.

For a scalping system that I'm trying out I could use some help. I don't know if this is a mt4 or a broker (Alpari) issue but I can't set a stop loss closer than 20 pips from market price. The same goes for take profit.

What I'm looking for is a script that sets an automatic stop loss and take profit whenever i make a market execution trade.

Example: i enter a long trade at 1.4566 the take profit will automatically be set to 1.4576 and the stop loss at 1.4556.

is this possible?
It's my price or no price at all!
  • #2
  • Jan 22, 2010 1:17am Jan 22, 2010 1:17am
Hello
>SCRIPT No. 2< may help you.
It has both Price based and Pip based , preset SL and TP setting for buying/selling a trade.
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
  • #3
  • Jan 22, 2010 3:48am Jan 22, 2010 3:48am
Quoting forexsaint
Hello
>SCRIPT No. 2< may help you.
It has both Price based and Pip based , preset SL and TP setting for buying/selling a trade.

Thanks buddy,

Looks like something for me to play around with a bit tonight.

i decided to go with another broker because it's alpari software that prevents sl & tp to close to market price. after searching this forum i came across Broco. Sl & tp two pips from market price + Currenex...

thanks again
It's my price or no price at all!
  • #4
  • Jan 22, 2010 7:26am Jan 22, 2010 7:26am
It looks like one of those scripts is deefinataly what im looking for but I have no idea how to use them. I thought it was the same as indicators.

You're listing all these indicators which is great but you might add some information on how to use these scripts :-)
It's my price or no price at all!
  • #5
  • Jan 26, 2010 2:14am Jan 26, 2010 2:14am
Quoting 4extool
It looks like one of those scripts is definitely what im looking for but I have no idea how to use them. I thought it was the same as indicators.

You're listing all these indicators which is great but you might add some information on how to use these scripts :-)
That requires you to see MT4 help. That's all.
In short
Just copy them to scripts folder present in
Program files>Mt4 installation folder>Experts>Scripts
Scripts need to be dropped on the chart or double clicked. They are like executable files and will work once when dropped/clicked once.

For EA, copy them to experts folder in
Program files>Mt4 installation folder>Experts
Hope this helps
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
  • #6
  • Jan 28, 2010 3:09pm Jan 28, 2010 3:09pm
Use this automatic Hidden TP & SL expert advisor.

Just copy it to your metatrader/experts folder, then from the Expert Advisors menu, attach it to a chart and set the desired values.

The advantage of this EA is that the Tp & Sl are hidden from the broker, so you can override the minimum profit or loss set by the broker.

Hope it helps!

NOTE: for 5 digit brokers (I think you use Alpari) if your TP or SL say you want it to be 10 pips, the value should be set to 100
Attached File(s)
File Type: ex4 Hidden TP&SL.ex4   3 KB | 12,705 downloads
  • #7
  • Feb 3, 2010 7:52am Feb 3, 2010 7:52am
Quoting chano12
Use this automatic Hidden TP & SL expert advisor.

Just copy it to your metatrader/experts folder, then from the Expert Advisors menu, attach it to a chart and set the desired values.

The advantage of this EA is that the Tp & Sl are hidden from the broker, so you can override the minimum profit or loss set by the broker.

Hope it helps!

NOTE: for 5 digit brokers (I think you use Alpari) if your TP or SL say you want it to be 10 pips, the value should be set to 100
Worked from the get go...all other didn't do it for me.

Thanks...
It's my price or no price at all!
  • #8
  • Sep 9, 2010 5:20am Sep 9, 2010 5:20am
Dear sir,

Would you have this hidden TP & SL with trailing stop.

Thanks, aH
  • #9
  • Sep 9, 2010 10:44pm Sep 9, 2010 10:44pm
Quoting trader2011
Dear sir,

Would you have this hidden TP & SL with trailing stop.

Thanks, aH
You could try this (read post #3) posted by Sangmane. It might not be automatic trailing stop, but I am sure it will meet basic requirement.

Cheers
~ Let the TRADES come to you - be a TRAPPER not a HUNTER ~
  • #10
  • Nov 28, 2013 1:58am Nov 28, 2013 1:58am
Hi, I am using Hidden TP&SL.ex4 and it's working great. Thank you.
But how can I add sound notification when it hit SL and TP in this EA?
FYI, I am not a programmer but I could put some scripts with clear guide.
Thank you
  • #11
  • Nov 28, 2013 9:00am Nov 28, 2013 9:00am
that one could do the trick: http://www.forexfactory.com/showthre...95#post3899695
PM me with coding requests and I'll probably put you on my ignore list
  • #12
  • Apr 15, 2015 12:55am Apr 15, 2015 12:55am
Quoting 4extool
{quote} Thanks buddy, Looks like something for me to play around with a bit tonight. i decided to go with another broker because it's alpari software that prevents sl & tp to close to market price. after searching this forum i came across Broco. Sl & tp two pips from market price + Currenex... thanks again
i have many open position
i want to clear all my stoploss and take profit. is it possible using script ?
  • #13
  • Feb 27, 2016 12:58pm Feb 27, 2016 12:58pm
Quoting chano12
Use this automatic Hidden TP & SL expert advisor. Just copy it to your metatrader/experts folder, then from the Expert Advisors menu, attach it to a chart and set the desired values. The advantage of this EA is that the Tp & Sl are hidden from the broker, so you can override the minimum profit or loss set by the broker. Hope it helps! NOTE: for 5 digit brokers (I think you use Alpari) if your TP or SL say you want it to be 10 pips, the value should be set to 100 {file}
Hallo Chano...
i am a newbie, i already download your hidden TP &SL, how to applied to the MT4? i already copy paste to my MT4. what should i do then? thanks for your help
  • #14
  • Edited 1:26pm Feb 27, 2016 1:16pm | Edited 1:26pm
Quoting forexsaint
Hello >SCRIPT No. 2< may help you. It has both Price based and Pip based , preset SL and TP setting for buying/selling a trade.
Dear Forexsaint..
hallo i am newbie, may i ask something?
i just download your script "Buy n sell w SL TP MM without Confirmation" #SCRIPT No.1
i already save to my mt4. but..
Now when i compile the EA, it getting this warning error.

return value of 'OrderSend' should be checked

Please help..
Thanks a lot..

Best regards
Attached Image (click to enlarge)
Click to Enlarge Name: warning ordersend should be checked.jpg Size: 214 KB
  • #15
  • Feb 28, 2016 9:08pm Feb 28, 2016 9:08pm
Quoting yopie-dth
{quote} Dear Forexsaint.. hallo i am newbie, may i ask something? i just download your script "Buy n sell w SL TP MM without Confirmation" #SCRIPT No.1 i already save to my mt4. but.. Now when i compile the EA, it getting this warning error. return value of 'OrderSend' should be checked Please help.. Thanks a lot.. Best regards {image}
I'm not quite sure i can answer this properly, but that was only warning sign, it will work just like it should.
MQL4 code with error compiling, won't work, because some update of mql4 language, but your problem is just a warning.
Don't worry and use it with confidence.
  • #16
  • Feb 29, 2016 3:12pm Feb 29, 2016 3:12pm
Quoting tiong999
{quote} I'm not quite sure i can answer this properly, but that was only warning sign, it will work just like it should. MQL4 code with error compiling, won't work, because some update of mql4 language, but your problem is just a warning. Don't worry and use it with confidence.
Thank you very much Tiong999
  • #17
  • Last Post: May 28, 2017 11:11pm May 28, 2017 11:11pm
I am also looking for any free EA or minimal Cost which can trigger the ST and TP setting automatically for all open trade from different symbol it should be globle. At the same time i need to option to close all trades if any on of the trade reach the profit what mention in global and close all the open trades.

So the SL has to work on two condition.
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