Using One Shared Stop-Loss or Take-Profit Price Across Open Orders

Summary

This short description explains an expert advisor that applies one user-entered price to the stop-loss or take-profit field across all open orders. The intended use is to close multiple positions together once the shared price is reached, allowing bulk management of orders through a single level. The author says orders may be opened manually along an ongoing trend and suggests the tool is suited to accounts holding many orders.

The document provides no rule for choosing the shared level, entry signal, or position size, and it includes no performance evidence or risk analysis. Its recommendation to use a cent or micro account for beginners is not accompanied by details about leverage, execution, or how the advisor handles different instruments and order directions. Applying a common exit price can simplify order management, but the description alone does not establish that the approach controls aggregate exposure or limits losses effectively.

Key ideas

• The expert advisor applies a chosen stop-loss or take-profit price across open orders.
• A common exit level is intended to support bulk closure of multiple positions.
• The author describes manual entries in the direction of an ongoing trend.
• The document does not explain how to choose the level or manage aggregate exposure, and provides no performance evidence.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.