MMD EA AutoSLTP

The free MMD AutoSLTP EA for MT4/MT5 promotes disciplined trading by automatically applying Stop Loss & Take Profit levels. It can secure only unprotected trades or enforce SL/TP on all positions across the entire account, providing set-and-forget risk management for every new trade.

Product information

MMD EA AutoSLTP

MMD EA AutoSLTP

Automatically Secure Your Trades with Stop Loss & Take Profit Levels - A FREE Must-Have Utility for MT4 & MT5!

FREE Trade Management Tool for MT4 & MT5 Users: Log in to your account on our website, download the MMD EA AutoSLTP from the "Tools" section, and use it indefinitely to ensure every trade is protected!

The MMD EA AutoSLTP is a simple but essential Expert Advisor designed to enforce disciplined trading by automatically applying Stop Loss (SL) and Take Profit (TP) levels to your trades. Forgetting to set a Stop Loss is one of the most common and costly mistakes in trading. This free utility acts as your personal risk assistant, running silently in the background to ensure that no position is left unprotected.

Whether you're a manual trader who needs a safety net or you use other EAs that don't set SL/TP levels, the MMD EA AutoSLTP is the perfect, free solution to maintain consistent risk management across your entire account.

Key Features & Benefits of MMD EA AutoSLTP

  • Automatic Stop Loss Management:
    • Enable with Use Auto SL to automatically apply a Stop Loss to your positions.
    • Define the exact distance from the entry price using SL Points.
  • Automatic Take Profit Management:
    • Enable with Use Auto TP to automatically apply a Take Profit to your positions.
    • Set your desired target distance using TP Points.
  • Flexible Application Logic:
    • Activate Set SL Only For Orders With No SL to ensure the EA only protects trades that are missing a Stop Loss, without altering your manually set levels.
    • Similarly, use Set TP Only For Orders With No TP for Take Profit levels.
    • Disable these options to enforce a uniform SL and/or TP on all relevant trades, overriding any pre-existing values.
  • Comprehensive Account Scope Control:
    • Choose your Symbol Mode:
      • Symbol from Chart: The EA will only manage trades on the specific chart it is attached to.
      • All Symbols: The EA will manage every open position across your entire account from a single chart instance.
  • "Set-and-Forget" Operation:
    • This is a purely functional EA with no on-chart buttons or displays. Simply set your preferences, attach it to a chart, and let it run quietly in the background.
  • Completely Free & Unlimited Use:
    • This essential trade management utility is provided at no cost to all registered users on our website.
    • Download from the "Tools" section after logging in and use it to improve your trading discipline indefinitely.

The MMD EA AutoSLTP is a fundamental tool for any serious trader. By automating the application of Stop Loss and Take Profit, it helps eliminate unforced errors, promotes disciplined trading, and ensures your risk management plan is always in effect. Get this indispensable free tool today and trade with greater peace of mind.

Risk Management Tool: This is an Expert Advisor that modifies live trades. While it is designed to enhance safety, always test it thoroughly on a demo account first to ensure it behaves as you expect with your specific trading style and broker conditions. This tool is an aid to, not a replacement for, a sound trading plan.

AutoTrading Must Be Active: For this EA to function correctly and be able to modify your trades, the 'AutoTrading' button in your MetaTrader terminal must be active (green).

DLL & Account Requirement: This free Expert Advisor may require the appropriate MMD License DLL (e.g., MMD_License_MT5.dll for MT5, or the MT4 equivalent) and an active login on our website (Magiconcharts.com) to function in certain versions. Please ensure "Allow DLL imports" is enabled in your MetaTrader settings (Tools > Options > Expert Advisors).

If you have any questions related to this product or need assistance, write to the email address: support@magiconcharts.com.

We will be happy to answer your questions promptly.