Stop Panel with Profit EA - Comprehensive Guide

🏆 A Smart Guardian for Your Trades – Protect Your Profits & Limit Your Losses! 🏆

This expert advisor (EA) is designed to help traders automatically close trades based on specific profit targets or loss limits. It offers multiple exit strategies to safeguard your capital and lock in profits efficiently.

🔧 How It Works

The Stop Panel with Profit EA monitors your open positions and closes them when certain conditions are met:

Pips Profit Target – Closes trades when they reach a specified pip gain.

Dollar Profit Target – Exits trades when they hit a predefined profit in $.

Percentage Loss Limit – Automatically closes losing trades if they exceed a set % of your account balance.

It also provides real-time account statistics, including balance, equity, margin, and drawdown, displayed directly on your chart.

⚙️ Settings & Configuration

1. General Settings

EA Comment – A label for identification (Stop panel with profit by default).

Magic Number – Unique ID to filter trades (set to 0 for all trades).

Show Info on Chart – Toggles the display of account stats (true/false).

Info Corner – Position of the stats panel on the chart.

2. Exit Conditions

📈 Close by Pips Profit

Enabled (UseCloseAtPipsProfits) – Activates pips-based closing.

Pips Profit (PipsProfit) – Minimum pips required before closing.

💰 Close by Dollar Profit

Enabled (UseCloseAtProfits) – Activates dollar-based closing.

Profit in $ (Profit) – Minimum profit amount before closing.

📉 Close by % Loss

Enabled (CloseAtPercentLoss) – Activates percentage-based stop-loss.

Loss % (PercentLoss) – Maximum allowable loss (%) before closing.

📊 Key Features

✅ Automated Trade Management – No manual intervention needed.

✅ Multiple Exit Strategies – Flexible profit-taking and loss-limiting options.

✅ Real-Time Account Monitoring – Displays essential trading metrics.

✅ FIFO (First-In-First-Out) Closing – Ensures orderly trade execution.

✅ Works with All Symbols – Compatible with Forex, metals, and indices.

📌 Important Notes

Optimized for MT4 – Works best in MetaTrader 4.

Backtest Before Use – Verify performance under different market conditions.

Risk Management – Always use proper risk settings to protect your account.

🚀 Final Words

The Stop Panel with Profit EA is a powerful tool for disciplined traders who want to automate risk management and secure profits systematically. Whether you're a scalper, day trader, or swing trader, this EA helps maintain consistency in your trading strategy.

👨‍💻 Developer: R.KH 1001

🌐 Source: www.robomql.com

Trade Smart, Stay Protected! 💡