【AUTO TP/SL】Target amount・pips｜Position add also automatic bulk reset【MT5 discretionary tool】
When you enter, the TP/SL you have set by amount or pips will be automatically entered.
No matter how many times you add positions, the total profit target and loss target remain the same.
Not only during normal averaging down,
you can also use it for scalping to profit while limiting risk.Even during intense ranging markets that you usually wouldn’t touch, there are trading opportunities.
▼ First, please watch the video to see the actual movement. (03:37)
Have you ever wished for such a feature?
【Free Version】Available with 1 Click PRO.
This time’s highlight, the 【AUTO TP/SL】 feature will be introduced.
So far: with one button, for all positions at that moment
1 Click PRO could previously set all positions’ TP to a price that would yield a total of +10,000 yen in combined profit when you press the button with total profit target set to +10,000 yen.
However, this was the setting for the positions held at that moment. If you added more positions, you had to press again. You would need to press again after adding positions.
This time: AUTO TP/SL
Automatically recalculate and reset the entire position each time new positions are added
After pressing 【AUTO TP/SL】, just press the usual [Total Profit +]. ThenTP/SL is automatically set every time a position is added.
What’s important is not to apply it only to the newly added positions.It recalculates considering all existing positions as a whole..
Example: TP is registered as “Total Profit +” of +30,000 yen, SL as “Total P/L” of -10,000 yen
| Position | TP/SL Settings |
|---|---|
| First | One position becomes+30,000 yen / −10,000 yenat that price |
| Add second | Together,+30,000 yen / −10,000 yenat that price |
| Add third | Together,+30,000 yen / −10,000 yenat that price |
No matter how many times you add, the total profit target and loss target stay the same.
You can also register per-position profit of +1,000 yen (TP setting [Individual Profit +], SL setting [Individual P/L]) or by price movement (pips).
Where this helps
■ Averaging down / Split entries
No need to recalculate and re-enter with each addition. You can focus on entry decisions while keeping the total profit and loss targets. It can be used for increasing buy/sell in the direction of profit.
■ Take profit by yourself, only stop loss is automatic
If you register only the SL side, even if you add positions, SL will be adjusted to match the total loss target.
■ Indicator/breakout stop-entry
If you register before entry, you can wait without positions. When the stop order is filled, it automatically enters TP/SL settings. This reduces manual input after execution.
We’ve thought through the details
- SL moved manually to a favorable position is kept as is without loosening.Keep it tight as is.
- AUTO targets can be filtered by buy/sell or order source (manual orders, etc.).
- Even after all settlements, it will wait for the next position until canceled.
- You can check per-position settings in the AUTO TP/SL panel list. It shows unsetting or waiting for settings.
The AUTO TP/SL feature alone only supports “hedging accounts” (usable with both buy and sell). Other features work with both netting accounts.There may be broker restrictions (stop levels) that prevent settings at the target price. If restrictions are lifted, it will automatically reset.
Settings are 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 P/L] etc.
When the button blinks, auto-setting is ON.
Preview Menu: Knowing in advance how much it will be
Previously, moving the line on the chart would display the estimated total profit/loss if closed at that price, and you could set TP/SL in one go with [→TP] / [→SL].
Now, with Preview Menu, you can also perform a simulation before placing an order.Order estimation before entry“If I enter at 0.2 lots and close at this price, what will it be?” You can estimate using the current holdings as well.
- Profit/loss estimation before entry“If I enter with 0.2 lots and close at this price, how much will it be?” You can estimate including the current holdings as well.
- Settlement price from target profit“If I want +5,000 yen, where should I settle?”
- Maximum lotCalculate the maximum lot based on the allowable loss and SL price
Since this is a forecast, no real orders will be placed.
Also, confirm at once on the chart
- Display of account information (balance, maintenance margin rate, etc.—choose from 28 items)
- Display of upcoming economic indicators
- Auto chart timeframe switching (periodically show 1 minute, 5 minutes, 1 hour, in order)
Free version, but usable on a real account
Even with the free version,you can use it on a real account for 14 daysfrom the purchase date.
There is no charge, and it automatically stops when the period ends.
Please try the real movement of actual executions and spreads on your own account. Try a lot with FX and gold as well.
At the moment, the functions introduced here are not yet available in the paid versions (PRO, PLUS, BASIC, etc.).
We will gradually update these functions to paid versions by 11/15.
Please start with the free version first. After updates are completed, we will indicate on the product page and in this article.
(Of course, you can upgrade after purchase to access new features as soon as they become available.)
For questions and requests, feel free
If you have any unclear parts, questions about functions, or observations from using it, please feel free to message us.
Sharing on the product page’s “Community” is also welcome. It’s a place where users and developers can exchange information.