Set Fixed SL and TP Script
The Set fixed SL and TP script for MT4 is very handy tool to forex traders to place or change the stop loss and take profit of multiple positions instantly.
Description
The Set fixed SL and TP script for MT4 is very handy tool to place or change the stop loss and take profit of multiple positions. So, forex traders can adjust them together by using this script in a single operation.
Another important feature, the script is flexible and can change the SL and TP based on magic number and order comments. The script is easy to apply for both new and advanced forex traders.
Set Fixed SL and TP Script For MT4 Application
The above chart shows the script in action. Due to changes in market conditions and based on technical analysis. Forex traders opt to adjust the stop loss and take profit of all open positions. Particualrly, if there are a number of open positions this script handles the modifications.
If there is a requirement to change stops and TP of a particular EA, then the script handles it with ease. This helps the trader to apply instantly and not to leave any open trade.
Though the trades can be modified individually, the option to choose positions based on order comment and magic number enhances the application of this script.
Conclusion
Indeed, the need to control and change the stop loss and take profit of all positions may arise with some technical traders. Obviously, in such case this Set Fixed SL and TP script is a boon.