AlgoWay MT5 v1.62: Advanced Risk Management and Trade Automation

Automated trading in MetaTrader 5 is reaching a new level of precision and efficiency with the latest AlgoWay-MT5 v1.62 update. This version introduces Trailing Stop, improved Stop Loss & Take Profit management, and an advanced Close Side function for hedging mode. These enhancements provide traders with greater flexibility and risk control, ensuring that automated strategies are more adaptive to market conditions.

🚀 Key Features in AlgoWay-MT5 v1.62

🔹 Trailing Stop – Secure Profits Automatically

One of the biggest additions in this update is the Trailing Stop feature, which allows dynamic stop-loss adjustments as the trade moves in profit.

Why Is This Important?

• ✅ Automatically secures profits as the market moves in your favor.
• ✅ Works seamlessly in both Hedge and Reverse trading modes.
• ✅ Eliminates the need for manual stop-loss adjustments.

How Does It Work?

1. Enable Trailing Stop in EA settings.
2. Set your Trailing Step in pips.
3. As the price moves in profit, the EA adjusts the SL level dynamically.

With this, traders can lock in gains without limiting potential upside, optimizing performance in trending markets.

🔹 Enhanced Stop Loss & Take Profit Management

We've significantly improved the way Stop Loss (SL) and Take Profit (TP) are handled in AlgoWay-MT5, providing dual-mode flexibility for setting risk levels.

Traders Can Now Define SL/TP Using Two Different Approaches:

• ✔️ Absolute Price Mode – Set SL/TP at specific price levels (sl_price, tp_price).
• ✔️ Pips-Based Mode – Define SL/TP as an offset in pips from the entry price (stop_loss, take_profit).

👉 Rules for Priority Handling:

• If both absolute (sl_price, tp_price) and pips-based (stop_loss, take_profit) values are provided, absolute prices take priority.
• SL/TP levels are validated against broker stop-level restrictions to prevent execution errors.

🔹 Close Side – Precision in Hedging Mode

For traders using Hedging Mode, AlgoWay-MT5 now supports the close_side parameter, allowing them to close only BUY or SELL positions selectively.

How Does It Work?

• The feature is only available in hedging mode.
• If close_side is specified as "buy", only buy positions are closed.
• If close_side is "sell", only sell positions are closed.
• If close_side is not specified, all positions for the symbol will be closed.

📌 Summary of Enhancements in AlgoWay-MT5 v1.62

• 🔥 Trailing Stop – Secure profits dynamically as price moves.
• 🔥 Dual-Mode SL/TP – Choose between absolute price or pips-based risk levels.
• 🔥 Pre-Execution SL/TP Validation – Prevents broker stop-level violations.
• 🔥 Close Side for Hedging Mode – More control over position management.
• 🔥 Improved Logging & Execution Reports – Better transparency in automated trades.

🚀 Get the Update Today!

AlgoWay-MT5 v1.62 is now available for download. Upgrade now and take your automated trading to the next level with enhanced risk management, precision, and execution control.

👉 Download Now: AlgoWay-MT5 v1.62

💡 Trade smarter. Automate better. Manage risk like a pro with AlgoWay-MT5! 🚀