Ronz SLTP EA V1.3 MT5

The Ronz SLTP EA V1.3 is an Expert Advisor (EA) designed for the MetaTrader 5 (MT5) platform, focusing on automatic management of Stop Loss (SL), Take Profit (TP), Profit Lock, and Trailing Stop levels for trades.​

Key Features:

• Automatic SL and TP Management: The EA automatically sets SL and TP levels for trades, with options to hide these levels if desired.​

• Profit Lock: Locks in profits as trades move favorably.​

• Trailing Stop: Adjusts the trailing stop level to protect accrued profits.​

• Bug Fixes and Code Updates: Includes bug fixes for the Strategy Tester and code translations for enhanced compatibility.

Trading Strategy:

The EA primarily employs a scalping strategy, aiming to capture small price movements within short timeframes (M1 or M5). It opens and closes trades quickly to leverage market volatility without using martingale or hedging techniques.

Trade Execution Process:

1. Entry Criteria: Identifies favorable entry points based on technical indicators, considering factors like price patterns and moving averages.​

2. SL and TP Settings: Calculates appropriate SL and TP levels based on current market conditions, dynamically adjusting them as the trade progresses.​

3. Profit Lock Activation: Upon reaching a predefined profit level, the EA locks in a portion of the profit to secure gains even if the market reverses.​

4. Trailing Stop Adjustment: As the trade moves favorably, the EA modifies the trailing stop to allow for additional profit while safeguarding against sudden reversals.​

Recommendations for Optimal Use:

• Platform: MetaTrader 5 (MT5).​

• Timeframes: M1 or M5.

• Currency Pairs: All pairs except XAUUSD (Gold).

• Minimum Deposit: $500.