Ronz AutoSLTP EA MT4 Source Code

The Ronz AutoSLTP EA for MT4 is an expert advisor (EA) designed for MetaTrader 4. The EA provides automatic management of Stop Loss (SL), Take Profit (TP), Profit Lock, and Trailing Stop levels for trades.

Ronz AutoSLTP EA for MT4

Overview

• Name: Ronz AutoSLTP EA for MT4
• Platform: MetaTrader 5 (MT4)
• Minimum Deposit: $500
• Timeframe: M1 or M5
• Currency Pairs: All pairs except XAUUSD (Gold)

Key Features

1. Automatic Stop Loss and Take Profit Management:
   • The Ronz AutoSLTP EA automatically sets Stop Loss (SL) and Take Profit (TP) levels for each trade.
   • Special methods are used for handling SL and TP.
   • SL and TP levels can be hidden if desired.
2. Profit Lock:
   • The Ronz AutoSLTP EA locks in profits as trades move in your favor.
3. Trailing Stop:
   • TheRonz AutoSLTP EA adjusts the trailing stop level to protect profits.
4. Bug Fixes and Code Translations:
   • The latest version includes bug fixes for Strategy Tester.
   • Code translations enhance compatibility.

Trading Strategy

• Scalping Strategy:
  • The Ronz AutoSLTP EA primarily follows a scalping strategy.
  • It aims to capture small price movements within short timeframes (M1 or M5).
  • Trades are opened and closed quickly to take advantage of market volatility.
  • No martingale or hedging techniques are used.

How the EA Takes Trades

1. Entry Criteria:
   • The EA identifies favorable entry points based on technical indicators (specific indicators not disclosed).
   • It considers price patterns, moving averages, and other relevant factors.
2. Stop Loss and Take Profit:
   • The EA calculates appropriate SL and TP levels based on market conditions.
   • These levels are dynamically adjusted as the trade progresses.
3. Profit Lock:
   • When a trade reaches a predefined profit level, the EA locks in part of the profit.
   • This ensures that even if the trade reverses, some profit is secured.
4. Trailing Stop:
   • As the trade moves in favor of the trader, the EA adjusts the trailing stop.
   • This allows for potential additional profit while protecting against sudden reversals.

What’s in the package?

• Experts : RoNz Auto SL-TS-TP.mq4