【AUTO TP/SL】Target Amount・pips｜Additional positions also automatically reset in bulk【MT5 Discretionary Tool】
Do you ever find yourself in a situation like this?
- When adding positions step by step with averaging down,
I recalculate and re-enter TP/SL for all positions. - A stop order placed before the indicator gets filled.
While hurriedly entering TP/SL, prices keep moving.
No matter how many positions you add, the total profit target and loss target stay the same.
Once you enter, the TP/SL you set by amount or pips is automatically entered.
Have you ever wished for such a feature?
With the Free Version, 1 Click PRO, that has become possible.
This time, we’ll introduce the highlight feature,【AUTO TP/SL】.
Until now: With one button, apply to all positions at that moment
Until now, 1 Click PRO could set all positions’ TP to a total of +10,000 yen by entering “Total Profit +” and pressing the button, applying to all held positions.
However, this was a setting for the holdings at that moment. If you added positions, you had to press again.That’s how it workedwhen you added positions. You had to press again.
From now: AUTO TP/SL
Automatically recalculate and reset the entire set of positions as positions increase
After pressing［AUTO TP/SL］, just press the usual［Total Profit +］. ThenTP/SL is automatically set each time a position is added.
What’s important is not only applying to the newly added positions.It recalculates for the entire set, including existing positions..
Example: TP set to total +30,000 yen via Total Profit +, SL set to total −10,000 yen via Total Loss
| Position | TP/SL Setting |
|---|---|
| First | At one position+30,000 yen / −10,000 yento reach that price |
| Add second | Together the two reach+30,000 yen / −10,000 yento reach that price |
| Add third | Together the three reach+30,000 yen / −10,000 yento reach that price |
No matter how many times you add, the total profit target and loss target remain the same.
You can also register per-position targets of “+1,000 yen per position” (TP setting [individual profit+], SL setting [individual loss]) or by price range (pips).
Situations where this helps
■ Averaging down / Split entries
No need to recalculate and re-enter with each addition. You can focus on entry decisions while maintaining the overall profit and loss targets. It can also be used to add buy/sell in the direction of profit.
■ Take profit by yourself, only loss cut is automatic
If you register only the SL side, even if you add positions, it will recalibrate and re-enter SL to align with the total loss target.
■ Indicator / Break entry with stop order
If registered before entry, you can wait in a pending state even with no positions. When the stop order is filled, it automatically sets TP/SL. It reduces manual input after execution.
Carefully thought out details
- SL moved manually to a favorable position is kept as is without loosening.Keep it tightened.
- AUTO targets can be narrowed by buy/sell or order origin (manual orders, etc.).
- Even after all settlements, it waits for the next position until deactivated.
- You can check per-position settings in the AUTO TP/SL panel list. It shows unconfigured or waiting statuses.
AUTO TP/SL feature only works on “hedging accounts” (works for both buy-only and sell-only trades).Other features work on both netting accounts.Due to broker restrictions (stop levels), it may not be possible to set to the target position.
Setup in 3 steps
1 Enter amount (or pips)
Example: TP side 30,000, SL side −10,000.
2 Press［AUTO TP/SL］
3 Press the usual［Total Profit +］／［Total Loss］, etc.
When the button blinks, auto-setup is ON.
Preview Menu: Know how much it will be before entering
Until now, by moving the chart line, you could display the estimated total loss/gain if settled at that price, and with［→TP］／［→SL］ you could set TP/SL in one go.
Now, with Preview Menu, you can run a simulated calculation before placing an order.Estimated before enteringis possible.
- Profit/loss estimate before entry“If I enter 0.2 lots and settle at this price, what will I gain?” You can estimate using the total of current holdings as well.
- Settlement price from target profit“If I want +5,000 yen, where should I settle?”
- Maximum lot sizeCalculates the upper limit of lots from tolerable loss and SL price.
Because it’s a calculation, it does not place real orders.
Also, verify on the chart all at once
- Display of account information (balance, margin maintenance rate, etc., choose from 28 items)
- Display of upcoming economic indicator announcements
- Auto chart timeframe switching (periodically showing 1-minute, 5-minute, 1-hour, etc.)
Even though it’s a Free Version, you can use it on a real account
Even with the free version,you can use it on a real account for 14 days(from the purchase date).
No charges, and it automatically stops when the period ends.
Please try it on a real account to see actual executions and price movements in spreads, which are hard to grasp on a demo. Try it with FX and gold as well.
As of now, paid versions (PRO, PLUS, BASIC, etc.) do not include the features described here.
Paid versions will be updated in due course to reflect these features by 11/15.
For questions or requests, feel free
If you have any unclear points, questions about features, or observations from using it, please send a message freely.
Sharing on the product page’s “Community” is also welcome. It’s a place where users and developers can exchange information.