SL/TP System · 4 Buttons
The SL/TP System group on Redhat Sword consists of 4 buttons that set Stop Loss and Take Profit for all Buy or Sell orders simultaneously. Open multiple positions on one side, set them all at once. Reduces human error. Saves time managing multiple orders on XAUUSD.
Screenshots
Chapter Summary Video
Real MT5 screen recording · Not investment advice
TL;DR
- SetSL-B · Set Stop Loss for all Buy orders in one go
- SetTP-B · Set Take Profit for all Buy orders simultaneously
- SetSL-S · Set Stop Loss for all Sell orders in one go
- SetTP-S · Set Take Profit for all Sell orders simultaneously
- Use with Fibonacci Ultra levels 1.272 / 1.618 to find clear TP points
When to Use This Feature
Use when you've opened 3-5 BUY XAU orders on one side and need to set the same SL for all of them. Use when scaling in, adding positions along the trend, and need to lock a new SL for every position. Use when trading sessions that require group risk management. Use when NFP news is about to release and you need to tighten SLs immediately.
How to Use
| Button | Function | Recommendation |
|---|---|---|
| SetSL-B | Set SL for all Buy orders | Pair with Auto SL from ATR |
| SetTP-B | Set TP for all Buy orders | Pair with Fibo 1.272 / 1.618 |
| SetSL-S | Set SL for all Sell orders | Mirror the Buy side |
| SetTP-S | Set TP for all Sell orders | Mirror the Buy side |
Use case: Opened 4 BUY XAU orders at different entry points. Press SetSL-B once — all 4 SLs drop into place in a row. Press SetTP-B at Fibo 1.618 — one button controls all TPs. No need to set each position individually.
Pro Tip · Pi Bom
After opening 3-5 BUY XAU orders, I press SetSL-B once — every order's SL drops into place in a row. No need to set each position individually. For SetTP-B, I use it together with Fibonacci Ultra at the 1.272 or 1.618 level. Reduces human error. Saves time. During the London session, I regularly open 3-4 positions on one side — I use these 4 buttons to control the entire group in a single second. Safer than setting each order individually where you might mistype a price.
FAQ
Q: How is SetSL-B different from Auto SL?
A: Auto SL sets it when opening a new position. SetSL-B sets it retroactively on all currently open positions.
Q: Can I use this with Hedge?
A: Yes. SetSL-B/SetTP-B only affect the Buy side. SetSL-S/SetTP-S only affect the Sell side.
Q: Where does the set price come from?
A: Enter the price in the panel's input field, or click a point on the chart with Fibonacci Ultra before pressing.
Q: If an order already has an SL, will it overwrite it?
A: It overwrites every time. Always check the price before pressing.
See Also
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Semi-Auto Trading Panel · MT5 · XAUUSD · Always test on Demo before using a live account
