Managing multiple trades can be a headache. Ever opened several positions only to find yourself juggling different stop losses and take profits? That’s where Common SL TP EA V1.51 MT5 steps in—a simple, effective Expert Advisor from YoForex that lets you set a shared stop loss and take profit across all active trades.

Instead of micro-managing every order, you define one SL and one TP level, and the EA applies them collectively. It’s not a flashy scalper or news bot—it’s a risk management utility that gives you peace of mind when you’re trading manually or semi-automatically.

Overview

Common SL TP EA V1.51 MT5 is a lightweight MT5 Expert Advisor built specifically for managing trades. It’s not designed to generate signals, but rather to control risk and lock profits across multiple positions.

  • Platform: MetaTrader 5
  • Pairs: Any forex, metals, indices, or crypto supported on MT5
  • Timeframe: Any (utility EA, not chart-dependent)
  • Minimum Deposit: N/A (depends on your trading strategy)
  • Style: Trade management tool (not an entry system)
  • Best for: Manual traders, signal followers, prop firm users

Key Features

  • Common Stop Loss (SL): Sets a single SL level across all trades.
  • Common Take Profit (TP): Closes all trades once TP is reached.
  • Multi-symbol support: Works across all instruments available in MT5.
  • Manual trader friendly: Perfect for discretionary traders who want automated exits.
  • Partial close options: Configurable settings to close portions of trades at levels.
  • No martingale/grid: Purely a risk and exit manager.
  • Drawdown protection: Option to cut all trades when account reaches defined loss.
  • Equity guard: Close all if equity drops below X%.
  • Simple inputs: Easy setup, minimal parameters.
  • Prop firm compliance: Helps manage daily loss limits automatically.

Backtest & Live Proof

Since Common SL TP EA V1.51 is a utility EA, traditional backtests don’t show much because it doesn’t generate entries. Instead, its performance is proven in live trading environments:

  • Manual trading: Great for swing traders who layer entries and want a group TP/SL.
  • Signal copying: Keeps risk under control by applying uniform stop-loss to copied trades.
  • Prop accounts: Enforces stop-loss and TP levels in line with firm rules, preventing violations.

The real “edge” here isn’t win rate—it’s discipline and automation. Many traders fail because they don’t close trades when they should. This EA takes that decision out of shaky hands.

How to Install & Configure

  1. Download the EA from MQL5.software:
    Common SL TP EA V1.51 MT5 Download
  2. Open MT5 → File → Open Data Folder → MQL5 → Experts and paste the file.
  3. Restart MT5 or refresh the Navigator.
  4. Drag Common SL TP EA V1.51 onto any chart.
  5. In the Inputs tab, set your desired common SL & TP levels (in pips/price).
  6. Optionally, configure equity guard or drawdown stop.
  7. Enable AutoTrading.
  8. Open trades manually or via signals—the EA will manage them.

Why Choose YoForex-Powered Tools?

YoForex specializes in free, reliable, no-nonsense tools that help traders survive longer in the markets. While most people chase “magic robots,” YoForex builds risk-focused utilities like Common SL TP EA V1.51 to keep accounts safe.

We’ve seen too many traders blow accounts just because they lacked discipline. This EA removes that problem—discipline is enforced automatically.

Support & Disclaimer

Disclaimer: This EA does not guarantee profits. It only manages stop-loss and take-profit levels. Always test on demo first, and use responsibly in live accounts.

Call to Action

Stop juggling trades manually. Let Common SL TP EA V1.51 MT5 do the heavy lifting—apply one stop-loss and take-profit across your portfolio instantly.

Download Free on MQL5.software

Internal Links

Happy Trading