Automatic stops tracks your account and automatically sets the values this you input in the EA for stop loss, take profit and also tracking stop. as long as the EA is connected on a chart it will place stops and offer automatic trailing into some new transactions for that money set so you wont need to manually enter them each time you open a trade. characteristics include:
- Ability to select which transactions should be tracked via magic number. You can leave the value to 0 to only monitor manual trades or to some magic number for trades opened by another expert advisor.
- Trailing stop option is also included. You can enable or disable the trailing stop option.
- Input for stop loss and take profit value in pips by the user is included. If the value for stop loss or take profit is set to 0, then that parameter won’t be monitored on trades.