SLTP Otomatis V6: A Lightweight Trade Management EA for MetaTrader 5

SLTP Otomatis V6 is a lightweight MetaTrader 5 Expert Advisor designed to help traders manage Stop Loss, Take Profit, lock profit, eTrailing, daily profit targets, and optional averaging on the active chart symbol.

This EA was developed with one main purpose: to make trade management more consistent, faster, and easier to monitor, especially for traders who open positions manually or use multiple strategies on the same symbol.

Brand: No Limit Algo
Website: www.NoLimitAlgo.Com
Platform: MetaTrader 5
EA File: SLTP_Otomatis_v6.mq5

What Is SLTP Otomatis V6?

SLTP Otomatis V6 is not a signal-based trading robot. Instead, it is a trade management assistant. It focuses on handling existing trades on the chart symbol where the EA is attached. When enabled, it can manage manual trades, trades opened from mobile MT5, and trades opened by other Expert Advisors.

The EA automatically checks open positions, applies SL/TP, adjusts protection levels, and can close positions based on basket profit or daily target rules.

Main Features

1. Automatic Stop Loss and Take Profit

The EA automatically applies Stop Loss and Take Profit to positions on the active chart symbol. The default settings are:

• Stop Loss: 555 points
• Take Profit: 499 points

If a position does not have SL or TP yet, the EA will keep checking and attempt to apply them based on the configured checking interval.

2. Manual Trade Management

With ManageAllChartSymbolPositions = true, the EA manages all open positions on the current chart symbol, including manual trades. This is useful for traders who enter manually but want automatic risk and profit management afterward.

3. Basket-Based SL/TP

When there are multiple BUY or SELL positions on the same symbol, the EA can manage them as a basket. This allows SL and TP to be placed at one shared price level for the same direction, making trade management cleaner and easier to control.

4. Lock Profit Feature

The lock profit feature helps protect floating profit. By default, it is enabled with:

• EnableLockProfit = true
• LockProfitPoints = 222

Once the basket reaches the lock profit threshold, the EA can move SL into a more protective level to help secure profit.

5. eTrailing Protection

SLTP Otomatis V6 also includes eTrailing. By default, eTrailing is enabled with:

• EnableETrailing = true
• ETrailingPoints = 388

This feature allows the Stop Loss to follow the market once the trade has moved far enough into profit.

6. Daily Profit Target

The EA includes a daily profit target feature based on account currency. The default target is:

• DailyProfitTargetUsd = 100.0
• EnableDailyProfitTarget = false

When enabled, if the daily target is reached, the EA can close positions on the active symbol and lock the trading session until the next day.

7. Optional Averaging Mode

SLTP Otomatis V6 includes an optional averaging mode. This feature can add new positions in the same direction when the market moves against the existing position and the distance from the latest entry reaches the configured step.

Setting	Default Value	Purpose
EnableAveragingMode	false	Turns the averaging mode on or off.
AveragingStepPoints	500	Minimum distance from the latest entry before opening another averaging position.
AveragingTakeProfitPoints	150	Smart basket TP target for averaging positions.
AveragingStopLossPoints	6000	Shared basket SL distance for averaging mode.
MaxAveragingPositions	20	Maximum number of positions allowed in the averaging basket.

8. Broker Compatibility

The EA includes automatic broker compatibility settings. It adjusts filling mode, stop level, freeze level, deviation, and additional stop buffer to make order modification more reliable across different broker conditions.

Dashboard Information

SLTP Otomatis V6 uses a lightweight dashboard through the chart comment area. It displays important information such as:

• EA name and active symbol
• Brand text: by www.NoLimitAlgo.Com
• BUY and SELL position count
• Total lot per direction
• Floating profit
• Basket profit in points
• Active SL and TP settings
• Lock profit and eTrailing status
• Daily target status
• Averaging mode status

Who Is This EA For?

This EA is suitable for traders who want a lightweight trade manager for MetaTrader 5. It may be useful for:

• Manual traders who want automatic SL/TP management.
• Scalpers who need quick SL/TP and trailing protection.
• Traders who use multiple entries on the same symbol.
• Users who want to manage floating trades with a basket approach.
• Traders who want a simple daily target control feature.

Important Risk Note

Trading always involves risk. SLTP Otomatis V6 is designed as a trade management tool, not a guaranteed profit system. Features such as averaging can increase market exposure, so they should be tested carefully on a demo account or small account before being used on a live account.

Final Thoughts

SLTP Otomatis V6 is built for traders who want more control over trade management without using a heavy dashboard or complex interface. It keeps the chart clean while still providing essential management tools such as automatic SL/TP, lock profit, eTrailing, daily target, and optional averaging.

For traders who often manage manual positions or multiple entries, this EA can help make the process more structured, consistent, and easier to monitor.

Developed by: No Limit Algo
Website: www.NoLimitAlgo.Com