Set Fixed SL and TP EA
Automated SL/TP-setting utility · Free, open-source · MT4/MT5/cTrader
About Set Fixed SL and TP EA
The Set Fixed SL and TP EA/script, documented at earnforex.com, is a free, open-source MetaTrader 4/5/cTrader utility that automatically sets stop-loss and take-profit levels on trades according to trader-defined preferences — a quick, simple way to enforce consistent risk management without manually calculating and typing SL/TP values for every trade.
It's compatible with both market and pending orders, and works for manual as well as automated trade management — particularly useful for high-frequency strategies like scalping or grid systems where manually assigning SL/TP on every position would be impractical.
- Platform: MetaTrader 4, MetaTrader 5, cTrader
- Type: Automated SL/TP-setting trade-management utility
- Compatible with: Market orders and pending orders
- Price: Free, open-source
- Source: earnforex.com · Set Fixed SL and TP EA for MT4/MT5/cTrader
Key Features
✓ Free, open-source, and cross-platform (MT4/MT5/cTrader)
✓ Removes manual SL/TP entry errors — especially valuable for high-frequency/grid strategies
⚠ A risk-management utility, not a signal generator — you still need your own entry strategy