Automated stop loss

Trading Systems Expert Advisors and Automated Trading
1

Hi, I am trading in the 1 minute timeframe. My positions do not last more than seconds to a couple of minutes, why it is essential to take my position as soon as I see the opportunity. That is why I don’t have time to specify my stop loss, because that steals precious time.

So I wonder: Is there a way to implement stop loss with my order without having to specify it?

Lets say a stop loss that I can set to 10 pips or whatever, that will be instantly executed along with my order, 10 pips above price when going short and 10 pips below price when going long, whilst I only have to press the sell or buy button.

My thought is to have an emergency exit if I for any reason would lose contact with the server.

A kind of script maybe…?

2

A script with user input values such as SL and tied to a hot key should do what you want. I have seen them on the net, but can’t remember exactly where. Don’t think it was here at BP but I might be wrong.

3

I do believe there is a powerful EA that will manage this.

It’s called Swiss Army.

Google it.