Settings

Once you have opened your EA in our webtool, click the settings icon displayed below, to access the settings page. Here you can adjust the settings of your Expert Advisor (EA).

This option allows you to choose where your Stop Loss (SL) and Take Profit (TP) are managed.
To use this feature, your EA must have a Stop Loss or Take Profit module.

For more details about modules, see: Strategy Modules.

You can choose between two options:

• Broker
• Expert Advisor

When your EA places an order with the broker, the Stop Loss and Take Profit are sent along with the order. This works the same way as when you manually place an order in MetaTrader and set the SL/TP yourself. The broker is fully responsible for managing your SL/TP levels and will automatically close the order once the specified conditions are met. The EA will still update the SL/TP levels if trailing stops are used. The frequency of these updates depend on the settings (Inputs) of your EA, which you can adjust in MetaTrader:

• Minimal SL/ TP update frequency (Pips): the minimum distance in pips that the price must move before the EA updates the SL/TP levels.
• Minimal SL/ TP update frequency (Seconds): the minimum time interval in seconds that must pass before the EA updates the SL/TP levels.

When your EA places an order with the broker, no Stop Loss or Take Profit is set. Instead, the SL/ TP lines are painted on the chart and the EA itself monitors if the SL/TP conditions are met. If they are, the EA will close the order.

Because the broker has no knowledge of these levels, it is crucial to maintain a stable VPS and internet connection to ensure the EA can manage SL/TP reliably.

Here’s the full comparison:

Comparison between Broker and Expert Advisor