Tool to auto Insert Take-Profit & Stop-Loss Limits or T P S L-Insert for VertexFX
The Tool to auto Insert Take-Profit & Stop-Loss Limits or TPSL-Insert Expert Advisor, as the name suggests is a VertexFX client-side script that assigns stop-loss and take-profit to open positions.
It is handy in assigning stop-loss and take-profit to open positions with a single click, and avoiding manual entries.
The expert advisor evaluates all open positions. For each open position, if it does not have a take-profit assigned then it assigns the take-profit value to TAKEPROFITPIPS. Similarly, if each open position does not have a stop-loss assigned, then it assigns the stop-loss value to STOPLOSSPIPS.
It should be noted that if an open position already has a stop-loss value assigned, then the Expert Advisor will not change its stop-loss value to the new STOPLOSSPIPS value. Likewise, if an open position already has a take-profit value assigned, then the Expert Advisor will not change its take-profit value to the new TAKEPROFITPIPS value.
- TAKEPROFITPIPS – The take-profit to be applied to each open trade in pips. If this value is set to 0 (or less than 0), then it is ignored.
- STOPLOSSPIPS – The stop-loss to be applied to each open trade in pips.If this value is set to 0 (or less than 0), then it is ignored.