Set Up And Forget
by Chun Wai Adrian Leung · MT5
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Summary
Set TP and SL in Pips Points or Currency MT5 is an MT5 expert advisor by Antonio Franco priced at $39, designed to simplify take-profit and stop-loss placement in pips, points, or currency. Rating and verified performance stats are not available. It suits traders who want a lightweight, low-cost utility to manage exit levels but lacks detailed track record and advanced money management features. Alternatives like PZ Stop And Reverse EA MT5 or Market Anomalies EA offer broader strategy automation at higher prices, while timers and specialist EAs target specific workflow or strategy needs. FxRobotEasy independently reviews all products to help traders compare.
Retail forex traders compare Set TP and SL in Pips Points or Currency MT5 with alternatives because exit management is central to consistent trading, and different tools solve different problems. Some users need a simple utility to convert and place TP/SL in pips, points, or currency; others prefer fully automated systems or strategy-specific helpers. Platform realities such as broker minimum stop levels, spreads, slippage, and drawdown risk influence which tool fits a given account. Because Set TP and SL is inexpensive and narrow in scope, traders often weigh it against broader EAs and niche indicators to balance cost, control, and automation. FxRobotEasy independently reviews all products presented here.
| Metric | Set TP and SL in Pips Points or Currency 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 in Pips Points or Currency MT5 is an expert advisor for MetaTrader 5 authored by Antonio Franco, priced at $39. It focuses narrowly on placing take-profit and stop-loss orders expressed in pips, points, or a currency amount. Strengths include simplicity, low cost, and ease of integration on MT5 charts for traders who only need precise exit placement. Weaknesses include limited automation beyond TP/SL placement, no verified performance stats, and a rating listed as N/A/5. Platform realities matter: brokers impose minimum stop distances, spreads and slippage can affect exits, and any automated rule can still produce drawdown. This tool suits discretionary traders and those who want a compact EA for exit management, but not traders looking for full strategy automation or proven track records. FxRobotEasy independently reviews this and other products.
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Set TP and SL in Pips Points or Currency MT5 is a focused, low-cost MT5 utility that helps traders express exits in pips, points, or currency. Its simplicity and $39 price make it attractive for discretionary traders who only need exit placement tools. However, rating is N/A/5 and no verified stats are available, so it lacks proven track record and advanced money management. If you want full strategy automation, consider higher-feature EAs like PZ Stop And Reverse or Ultimate Extractor. FxRobotEasy independently reviews all products and also lists verified FxRobotEasy bots as alternatives for traders seeking vetted automated options.
It can be worth buying if you need a simple, low-cost MT5 tool to set TP and SL in pips, points, or currency. The author is Antonio Franco and the price is $39, but the rating is N/A/5 and no verified performance stats exist. If you require comprehensive automation or a proven track record, test alternatives or demo the tool first. Always account for broker stop rules, spreads, and potential drawdown risk.
The best alternative depends on your goals. For full automation and stop-and-reverse logic consider PZ Stop And Reverse EA MT5 ($149). For pattern-based automation try Market Anomalies EA ($99). If you need richer trade management, Ultimate Extractor ($100) may suit. Timers like Haven Candle Timer help manual traders. All alternatives listed have a 5 rating but lack verified stats, so demo testing and broker checks are essential.
Broker rules significantly impact EA behavior: minimum stop distances can prevent close TP/SL placement, spreads and slippage alter executed prices, and execution delays or requotes change returns. Some brokers do not permit certain order types or have special margin handling. Always test any EA on a demo account with your broker, confirm minimum stop levels, and monitor drawdown and execution quality before using live capital.
While evaluating Set TP and SL in Pips Points or Currency 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