Best MT4/MT5 Tools to Set Automatic Take Profit and Stop Loss

ByBusines Newswire

According to recent industry data, more than 68% of retail traders fail to implement consistent Take Profit (TP) and Stop Loss (SL) levels, often leading to emotional decision-making and premature position closures.

The adoption of automatic tools for setting TP and SL in MT4/MT5 provides traders with a structured approach to risk control, enhancing precision and discipline across all market conditions.

In 2025, platforms like MetaTrader 4 and MetaTrader 5 support a growing range of expert advisors (EAs) that automate stop loss and take profit execution. These tools help traders capture gains, protect capital, and comply with stringent prop firm rules without constant manual monitoring.

Whether you are a beginner seeking guidance or a professional managing multi-million-dollar portfolios, automatic TP and SL solutions can increase execution accuracy by up to 40% and reduce human error significantly.

Overview of the best automatic TP and SL tools for MT4 and MT5 in 2025

Top 5 Automatic TP and SL Tools for MT4/MT5

Below is a curated selection of five advanced tools designed to automate Take Profit and Stop Loss settings while enhancing overall trade execution efficiency:

  • Prop Firm Capital Protection Expert
  • TradeGuard – Automatic TP and SL
  • Entry TP and SL Time Trader Manager Expert
  • TP and SL for All Open Trades
  • Fox Wave Hidden TP and SL MT5

Prop Firm Capital Protection Expert

Released in July 2024 by TradingFinder, the Prop Firm Capital Protection Expert is designed for MetaTrader 5 and 4 users seeking to comply with strict prop firm requirements while maintaining trading psychology and execution consistency.

It offers intelligent risk control via seven configurable panels and supports various trading styles, including ICT and Smart Money concepts.

Download link:

  • Prop Firm Capital Protection Expert For MT4, MT5 (Download)

Key Features:

  • Advanced Drawdown Control: Configure precise daily, weekly, and overall loss limits with automatic trade blocking when breached;
  • Trade Restrictions & Frequency Control: Limit maximum lot size, number of trades per day, and enforce time delays between orders;
  • Integrated News Filter: Prevents new trades from executing during high-impact economic releases;
  • Custom TP/SL by Multiple Metrics: Set by capital, percentage risk, pips, or a combination for versatile strategies;
  • Instant Execution Panel: Place and adjust market, limit, and stop orders directly from the chart;
  • Multi-Symbol Compatibility: Apply rules across all instruments simultaneously;
  • Trading Psychology Tools: Built-in timers, alerts, and reminders to maintain discipline.

Prop Firm Capital Protection Expert with integrated TP/SL automation and prop firm compliance features

TradeGuard – Automatic TP and SL

Launched in August 2023 and currently free to download, TradeGuard enhances trade management with dynamic trailing stops that adjust based on market volatility. Developed by Chart Walker, it simplifies closing trades at predefined profit targets while minimizing losses.

Key Features:

  • Smart Trailing Stop: Dynamically adapts stop distance according to market conditions;
  • Global Trade Close: Closes all open positions when a specified profit or loss level is reached;
  • Customizable TP/SL Points: Allows precise entry of point values for both TP and SL;
  • Trailing Gap & Step Adjustments: Fine-tune trailing behavior for volatile or steady markets;
  • Audible Alerts: Notifies users when trailing adjustments are made or targets are hit;
  • Lightweight Processing: Optimized for low CPU usage on MetaTrader;
  • User-Friendly Interface: Straightforward settings panel for quick deployment;
  • Multi-Symbol Support: Apply the EA to multiple instruments simultaneously;
  • Historical Data Backtesting: Test settings against previous market movements for optimization.

TradeGuard configuration panel for automated trailing stop and TP/SL management

Entry TP and SL Time Trader Manager Expert

Published in August 2025, Entry TP and SL Time Trader Manager is a free MT5 tool built for time-sensitive traders. It allows the scheduling of orders based on a predefined time, ensuring entries and exits occur precisely when planned.

Key Features:

  • Time-Based Activation: Automatically triggers orders at exact specified times;
  • Custom Lot Size Control: Adjustable in the trading panel before execution;
  • Position Type Flexibility: Choose buy or sell positions directly within the EA;
  • On-Screen Confirmation & Warnings: Displays order details and status changes in the Experts tab;
  • Multi-Timeframe Operation:  Works seamlessly from M1 to monthly charts;
  • Strategic Trade Planning: Ideal for breakout, news, and session-based strategies;
  • Integrated Risk Management: Set TP and SL before order activation;
  • Silent Mode Execution: Runs in the background without pop-up interruptions.

Entry TP and SL Time Trader Manager executing trades based on pre-set time triggers

TP and SL for All Open Trades

Released in February 2025 for $30, TP and SL for All Open Trades synchronizes TP and SL values across multiple positions. It calculates expected profit and loss in USD to give traders a clear overview of exposure.

Key Features:

  • Global TP/SL Synchronization: Applies the highest TP and SL to all trades;
  • Real-Time Adjustments: Updates settings instantly when changes occur;
  • Profit/Loss Calculation: Shows USD-based expected outcome including lot size and tick value;
  • Simple Setup: Easy to configure for all experience levels;
  • Lightweight Operation: Minimal performance impact on MT5 terminals;
  • Multi-Asset Support: Works across forex, commodities, and indices;
  • Batch Editing Tools: Adjust multiple trades in one click;
  • Risk Percentage View: Displays TP/SL as a % of account balance.

TP and SL for All Open Trades displaying synchronized TP/SL levels with real-time profit/loss calculation.

Fox Wave Hidden TP and SL MT5

Debuting in March 2024 at $100 (or $30 for a 3-month rental), Fox Wave Hidden TP and SL MT5 hides TP and SL levels from brokers to prevent stop hunting.

Key Features:

  • Stealth Exit Levels: Conceals TP/SL from brokers to avoid triggering by market manipulation;
  • Symbol-Specific Settings: Manage each asset independently;
  • Swap & Commission Awareness: Adjusts profit targets considering carrying costs;
  • Automated Execution: Fully closes trades when criteria are met;
  • Multi-Market Adaptability: Works across forex, CFDs, indices, and commodities;
  • Security Focused: Reduces the risk of broker-side interference;
  • Hidden Trailing Stops: Moves TP/SL without displaying to broker;
  • Custom Exit Strategies: Combine multiple rules for complex position management.

Fox Wave Hidden TP and SL MT5 protecting positions with concealed exit levels.

Conclusion

The tools reviewed above represent the pinnacle of automatic TP and SL MT4/MT5 technology in 2025. With combined download counts exceeding 50,000 installations globally, they have helped traders improve risk management, boost profitability, and maintain discipline in volatile markets.

Adopting automated stop loss and take profit tools can reduce manual errors by over 35%, improve execution speed by 0.3 seconds on average, and allow traders to focus more on analysis than order management.

Sources: TradingFinder, MQL5

FAQs

What is the main benefit of automatic TP and SL tools?

They automate profit-taking and loss-limiting processes, reducing emotional trading and improving execution accuracy.

Can automatic TP and SL tools work on both MT4 and MT5?

Yes, most are compatible with both platforms, but some are exclusive to MT5.

Are automatic TP and SL tools suitable for beginners?

Absolutely. Many offers user-friendly interfaces and preset configurations ideal for new traders.

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