Forex expert advisor- Auto Takeprofit- Stoploss . is very useful. When you enter your trade it will automatically place stop loss & take profit. Once you install a forex Expert Advisor to your chart it will auto active every time when you enter the trade.
How to install Forex Take profit Stop loss EA
Download Take profit Stop loss EA> Open meta trader platform> Open File menu>Open Data folder>Open MQL4> Open Expert> Insert Auto Take profit Stop loss EA.
Restart meta trader platform>Open Navigator tool>Expert>Select Auto Take Profit Stop loss>Insert EA to chart. Allow live trading & Allow DLL imports.
Go to the Input menu. You can change settings as you wish. If you want to place Forex Auto Take profit & Auto Stop loss you can enable True. Otherwise, you can false one of them as your choice. You can enter the target pips amount for Stop loss. also, you can change the target to make a profit. After you change settings as you wish then you can enter the ok button. If still Expert Advisor not working, enable the Auto Trading button in front of the platform. If it is ok, the Auto Trading button will display in Green color.
What are the benefits of this Forex Expert Advisor.
When you enter the trade, at that time take profit & stop loss will appear auto. Then you can move that lines easily as you wish.
No need to worry about stop loss & take profit. After you enter the trade Expert Advisor will look after your trade.
When price touch the take profit target line, the trade will close automatically.
otherwise, if the price touches the stop-loss target line, the trade will close with a loss.
However, the forex expert advisor will help to carry your trades easily.
On the other hand, it will control your self. If not, you will happen to be an unsuccessful trader. Because always we can’t say market future prediction. It depends on the economic & political decisions of countries.