Automatic stop loss and profit based on risk-reward ratio - MetaTrader 5 script | Trading script download - MT4/MT5 resources
This script will set:
✓ Saves time - no need for manual stop loss/take profit calculations ✓ Ensures consistent risk management ✓ Prevents human error in calculations ✓ Works with all FX pairs, metals and indices ✓ Professional grade error handling
Perfect for scalpers, day traders, and swing traders who want to automate their risk management workflow!
Attachment download
📎 Auto_SL_TP_by_Risk_Reward_Ratio.mq5 (12.17 KB)
Source: MQL5 #59610
Automatic stop loss and profit based on risk-reward ratio - MetaTrader 5 script | Trading script download - MT4/MT5 resource usage and screening suggestions
Automatic stop loss and profit based on risk-reward ratio - MetaTrader 5 script | Trading script download - MT4/MT5 resources are trading script related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based on titles or short-term profit descriptions.
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