Universal TP SL Pips

The Universal TP SL Pips is an EA utility designed to enhance your forex trades with precision. It does not execute trades on its own, but rather modifies open trades by adding take profit and stop loss levels. This can be done manually or by using other expert advisors. The modification distance is based on pips, providing you with greater control over your trading strategy.

How Does It Work?

When the “Symbol to modify” option is set to “All Symbol”, simply attach the utility to one chart, and it will automatically set the take profit and stop loss levels for all open trades in the entire trading terminal. On the other hand, if the “Symbol to modify” option is set to “Local Symbol”, it will only modify the take profit and stop loss levels for trades with the same symbol it was attached to.

The Universal TP SL Pips utility also includes parameters such as “Magic #” to identify the open trade to modify, “TP Pips” to adjust the take profit level, and “SL Pips” to adjust the stop loss level. The utility ensures that the price calculated for these levels is not too close to the order price by maintaining a minimum distance of 2 times the spread. If the current spread multiplied by 2 is greater than the input TP or SL, the utility will set the distance as the spread multiplied by 2. It will adjust the levels based on the current ask or bid price, ensuring accurate execution.

FAQ

1. How can I use the Universal TP SL Pips utility?

To use the Universal TP SL Pips utility, simply attach it to your desired chart and configure the parameters according to your trading preferences. You can choose to modify trades for all symbols or only for the local symbol. Additionally, specify the magic number to identify the trades you wish to modify. The utility will then automatically adjust the take profit and stop loss levels based on the specified pips and spread.

2. Can I customize the Universal TP SL Pips utility for my specific needs?

Yes, you can discuss personal modifications and customization of the Universal TP SL Pips utility in the freelance section of the Mql5 website. Simply visit the provided link to request personalized adjustments according to your requirements. The developers will provide a quote for the requested modifications.

Independent Testing and Updates

If you are interested in independent testing of the Universal TP SL Pips utility, you can visit the forexroboteasy.com website. There, you will find comprehensive testing results and updates on the performance of this product. Stay informed about the latest developments and subscribe to receive regular updates on the utility’s performance.

We invite you to share your experience of using the Universal TP SL Pips utility. Feel free to provide feedback, insights, and any tips you may have to help fellow forex traders make informed decisions. Your input and experiences can contribute to a thriving community of traders supporting each other.

Disclaimer: This review is an independent assessment of the Universal TP SL Pips utility. It is provided for informational purposes only and does not constitute financial advice. Always conduct thorough research and consider your individual trading circumstances before making any investment decisions.