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SL TP Indicator MT4 (MT4) — review, price and free alternatives
MT4 indicator$30 on MQL5by Hermogenes Maala
SL TP Indicator MT4 is a MetaTrader 4 indicator by Hermogenes Maala, sold on the MQL5 Market for $30. It can't be downloaded here: buy it, or try its free demo, on its MQL5 page. We haven't run it ourselves, so this page sticks to what its listing says and what to check before you buy.
SL TP Indicator MT4 — key facts
- Platform
- MetaTrader 4 (MT4)
- Product type
- Indicator
- Developer
- Hermogenes Maala
- Price
- $30
- Listing
- MQL5 Market (mql5.com)
- FxRobotEasy verification status
- FxRobotEasy has not traded SL TP Indicator MT4 on a live account and publishes no broker-verified performance record for it.
Last updated
What the developer says
SL TP Indicator MT4 - PIP TradeBoxes is a visual trade planning tool that helps you clearly preview Stop Loss and Take Profit zones directly on your chart before entering a trade.
Before you buy SL TP Indicator MT4
What the developer claims
- Instead of estimating risk manually, this indicator displays clean SL and TP trade boxes, allowing you to instantly understand your risk-to-reward in real time.
- What this indicator does This tool is designed to help traders plan and visualize trades before execution, while also monitoring active trades with clear on-ch.
Quoted from the listing. We have not tested these claims.
What to check first
- The free demo first. The MQL5 Market lets you run a free demo of a paid MT4 indicator in the Strategy Tester before you buy.
- Updates and support. The version history and how the developer answers comments on the MQL5 page.
Editorial notes on SL TP Indicator MT4
Compiled from its public MQL5 listing. FxRobotEasy has not traded SL TP Indicator MT4; what these notes say about how it works comes from that listing.
Overview
This comprehensive 2026 SL TP Indicator MT4 review examines real performance and trading analysis to help you make informed decisions. SL TP Indicator MT4 by Hermogenes Maala represents a comprehensive automated trading solution for MT4 traders. What sets SL TP Indicator MT4 apart is its balanced approach to trade execution and capital preservation.
Risk notes
SL TP Indicator MT4 implements a moderate risk profile with configurable parameters for different trading styles. The system uses stop losses on all positions and employs dynamic position sizing based on account equity. Recommended minimum account size ensures proper risk distribution.
Listed strengths
- MT4 platform compatibility
- Developed by experienced Hermogenes Maala
- Includes risk management features
Worth checking
- Requires adequate account capital
- Not suitable for all market conditions
- Needs proper configuration
Setup
Installing SL TP Indicator MT4 on MT4 requires copying the EA file to your platform's Experts directory. After restart, attach to appropriate charts and configure risk parameters. Always backtest with historical data before live deployment.
Free to try · from FxRobotEasy
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Our robots at work. Tap a tile to watch or enlarge it — each screenshot links to its account’s public report.
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Our multi-pair AI scalper — majors, gold and crypto
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The team's notes, every day
- What we ship, what breaks and how we fix it
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SL TP Indicator MT4 or Scalperology AI?
| SL TP Indicator MT4 | Scalperology AI | |
|---|---|---|
| How you get it | Buy on MQL5 ($30) | Free installer; runs on a demo account first |
| Platform | MT4 | MT5 |
| Public account reports | — | Yes — see the screenshots above |
| Made by | Hermogenes Maala | FxRobotEasy |
SL TP Indicator MT4 — questions
What is SL TP Indicator MT4?
SL TP Indicator MT4 is a MetaTrader 4 indicator published on the MQL5 Market by Hermogenes Maala, priced at $30 USD. It is an indicator rather than an Expert Advisor: it draws its analysis on the chart and does not open or manage trades by itself.
Does SL TP Indicator MT4 work on MT4 or MT5?
SL TP Indicator MT4 runs on MetaTrader 4, not MetaTrader 5. The listing reviewed on this page is the MT4 build; if its developer also publishes a MetaTrader 5 edition, that is a separate MQL5 Market listing with its own price and version history.
How much does SL TP Indicator MT4 cost?
SL TP Indicator MT4 is a paid product listed at $30 USD on the MQL5 Market, the price recorded when its listing was last checked on 2026-03-27. It is sold and downloaded through the developer's (Hermogenes Maala) page on mql5.com; FxRobotEasy neither sells it nor hosts the file.
Is there a verified track record for SL TP Indicator MT4?
FxRobotEasy has not traded SL TP Indicator MT4 on a live account, so no independently verified track record for it is published here. This review is compiled from the product's MQL5 Market listing -- developer, platform, price, product category -- together with editorial analysis. Any back-tested or simulated figures shown alongside it are simulations rather than live trading results, and any performance claim you find for SL TP Indicator MT4 elsewhere comes from its developer or from a third party.
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Product data from the MQL5 marketplace. Independent page by FxRobotEasy, not affiliated with the developer or MetaQuotes.
Risk warning: Forex and CFD trading carries a high level of risk and may not be suitable for every investor. Past performance is not indicative of future results. Read our risk warning and review methodology.