Free EA for Automatic Stop Loss and Take Profit in MT4

Forex trading can help you to become a millionaire or atleast financially free in just a short time. Ghost SL & TP is a complimentary Expert Advisor (EA) designed for the MetaTrader 4 platform.

Protecting your trades from “stop-loss hunting,” Automatic trailing stop loss MT4 a questionable practice HEDGE EA employed by certain Forex brokers, becomes possible through the use of this EA.

EA/Script for Automatic stop loss on open orders

This EA enables users to conceal their stop-loss and take-profit settings, offering an added layer of risk management crucial for profitable trading.

Ea is a automatic trading system. Who can automatic buy and sell your trades.

EA for Automatic Stop Loss and Take Profit

This indicator is designed specially to help fore traders Arbitrage Software to perform their tasks more effectively and easily. As forex is one of the most rapidly growing field.

How do I Set auto stop loss on EA?

While brokers are generally considered allies, some engage in a practice known as “stop-loss hunting.

” Though not all brokers engage in this practice, it can occur, especially with less regulated brokers in certain jurisdictions.  This involves manipulating prices to trigger stop-loss orders intentionally, leading to premature order closures.

Hidden Stop-Loss and Take-Profit EA

To counteract stop-loss hunting, one effective approach is to keep your stop-loss hidden from the broker. Forex is becoming the center of interest for many new traders and investors .The Ghost SL & TP EA provides two ways to achieve this:

  1. Manually trigger your stop-loss when the price hits it.
  2. Use an expert advisor that monitors the price Robot MT5 and automatically triggers the closure of the order when the stop-loss is hit.

This EA allows users to set stop-loss and take-profit values without saving them in the MT4 order information, ensuring that only the EA can access this information. Consequently, brokers remain unaware of the trader’s specified Best free ea for automatic stop loss and take profit in mt4 stop-loss and take-profit levels.

EA Script for Automatic stop loss on open orders

Auto stop loss and trailing stop EA

This EA comes with several features to enhance your trading experience:

  • Hidden Stop-Loss and Take-Profit: Values set through input parameters are not visible to the broker.
  • Filtering Options: Apply stop-loss and take-profit by magic number, and filter orders by commentary and trade direction for consistent order management.
  • Auto Close: Automatically closes the order Convert Indicator EA when the stop-loss or take-profit is hit.
  • Notifications: Enable notifications for closed orders.

Multiple take profit EA MT4

Protect yourself from potential broker manipulations and stop-loss hunting. We hope that after going through this article your knowledge about this topic will be increased and you must have now been able to know about the impact of forex trading in market.