Set Up And Forget
by Chun Wai Adrian Leung · MT5
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Summary
Set TP and SL by Price MT5 is a budget MT5 expert advisor by Antonio Franco priced at $39. It specialises in placing take-profit and stop-loss orders by price levels but has no public rating and no verified performance stats. Traders often compare it with five higher-profile alternatives—Haven Candle Timer Countdown, PZ Stop And Reverse EA MT5 ($149), Market Anomalies EA ($99), Ultimate Extractor ($100), and Neon Shadow EA—each with 5-star ratings but also no verified stats. Consider broker rules, spreads, and drawdown risk; FxRobotEasy independently reviews these tools for impartiality.
Retail forex traders compare Set TP and SL by Price MT5 with other MT5 expert advisors to weigh functionality, cost, and practical deployment tradeoffs. At $39, Antonio Franco's utility is attractive for traders who want price-based TP/SL automation without a large upfront spend. However, lacking a public rating and verified performance data prompts questions about reliability and suitability across brokers. Alternatives on the market include timers, stop-and-reverse systems, anomaly detectors, and extraction-style EAs, often priced higher and carrying 5-star ratings. Comparing features, platform realities like spreads and broker order rules, and risk management helps traders choose a tool that matches their strategy and tolerance.
| Metric | Set TP and SL by Price MT5Main Product | Trendopedia Ai Our bot | Set Up And Forget | Set And Forget FX | Seven Year Development JP225 Engine | Session RSI Scalper Low Drawdown |
|---|---|---|---|---|---|---|
| Rating | N/A | N/A | N/A | N/A | N/A | N/A |
| Price | $39 | $149 | $960 | $600 | $2999 | N/A |
| ROI | N/A | +213.3% | N/A | N/A | N/A | N/A |
| Max Drawdown | N/A | 22.0% | N/A | N/A | N/A | N/A |
| Win Rate | N/A | 55.3% | N/A | N/A | N/A | N/A |
| Profit Factor | N/A | 1.41 | N/A | N/A | N/A | N/A |
| Total Trades | N/A | 338 | N/A | N/A | N/A | N/A |
| Downloads | 0 | N/A | 0 | 0 | 0 | 0 |
| Links |
ROI, drawdown, win rate, profit factor and trade counts for MQL5 listings are FxRobotEasy modelled Strategy Tester aggregates — simulated, not live or broker-verified. Rating, price and downloads come from the MQL5 Market listing. The FxRobotEasy column is different in kind: those rows are one published trading account, read live from app.fxroboteasy.com at page build, not a modelled run. It is not like-for-like with the columns beside it, and the per-row winner marker compares a live account against simulations. Its rating and downloads are not tracked here.
Set TP and SL by Price MT5 is a focused MT5 expert advisor from Antonio Franco priced at $39. Its core strength is simplicity: it automates placement of take-profit and stop-loss levels based on price inputs, making it a lightweight utility for traders who want consistent exit placement without complex strategy parameters. Weaknesses include a lack of public rating (N/A/5) and no verified performance statistics, which increases uncertainty about behavior under live market conditions. Platform realities matter: broker order rules, spread variability, and potential slippage affect execution of TP/SL orders, and the EA does not replace sound money management to control drawdown. This tool suits traders seeking a low-cost TP/SL automation utility, demo testing before live use, and those with the technical ability to monitor EA actions. FxRobotEasy independently reviews all products to provide impartial context.
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Set TP and SL by Price MT5 is a lean, low-cost utility for traders who principally need price-based TP and SL automation without complex strategy layers. Its $39 price is attractive, but the N/A rating and lack of verified stats mean users should prefer demo testing and cautious live deployment. Alternatives on this list offer more strategic automation or timing aids, often at higher prices and with 5-star ratings but likewise without verified statistics. For traders seeking vetted options, consider FxRobotEasy bots as a verified alternative and always account for broker rules, spreads, and drawdown risk when choosing any EA.
Whether it is worth buying depends on your needs. At $39 it is inexpensive and useful if you only need reliable placement of take-profit and stop-loss levels on MT5. However, it has no public rating and no verified performance statistics, so demo testing is essential. Also consider broker execution rules, spreads, and your risk management before using it live.
The best alternative depends on your goals. If you want strategy automation, PZ Stop And Reverse EA MT5 ($149) or Market Anomalies EA ($99) offer fuller systems. If you need timing aids, Haven Candle Timer Countdown is useful. All listed alternatives have 5-star ratings but no verified stats; choose by feature fit, budget, and be prepared to backtest and demo thoroughly.
Broker rules and spreads materially affect EA performance. Wide or variable spreads can prevent TP/SL execution or increase slippage, and broker order types or requotes can alter behavior. Drawdown risk remains a function of strategy and position sizing. Always validate EAs on a demo account with your chosen broker, check execution during volatile sessions, and set conservative risk limits.
While evaluating Set TP and SL by Price MT5 and its alternatives, consider Trendopedia Ai, developed by FxRobotEasy. Its review page covers the strategy, settings and the published trading accounts. The figures below come from one published account, read live from app.fxroboteasy.com; the date they were computed is shown with them, and they are absent when that account has no closed trades to report.
+213.3%
Total Return
22.0%
Max Drawdown
55%
Win Rate
338
Total Trades