Managing multiple trades on MT5 can get messy—different entries, different pairs, all with scattered stop losses and take profits. That’s where Common SL TP EA V1.51 MT5 steps in. This simple but powerful EA lets you set one stop loss and one take profit level for all open trades, creating unified control over your account.


It’s 100% free on ForexFactory.cc and developed by YoForex. Think of it as a trade manager rather than a strategy bot—perfect for manual traders, grid/scalpers, or anyone running multiple EAs but wanting centralized risk management.


Key Features


• Unified stop loss & take profit – all open trades close at one SL/TP level
• Works across pairs & EAs – manage multiple trades at once
• Customizable levels – set global SL/TP in pips or account equity
• Equity guard option – stop trading when loss cap is hit
• No martingale/grid logic – pure trade manager, not a strategy
• Prop firm friendly – helps comply with 5%/10% risk caps
• Lightweight EA – won’t slow MT5
• Free lifetime updates from YoForex


Backtest & Practical Use


Unlike a strategy EA, Common SL TP doesn’t generate entries. Instead, it manages trades across your portfolio. YoForex tested it under real trading conditions:


Use Cases:



  • Manual traders: enter positions manually, let EA manage exits

  • Scalpers: unify multiple positions into one profit/loss target

  • Grid/multi-EA traders: avoid scattered SLs, consolidate risk

  • Prop firm challengers: prevent breaching firm’s daily loss caps


Forward/live notes (YoForex team):



  • Smooth performance across ECN brokers

  • Especially useful for gold & forex scalpers with high trade counts

  • Equity-based SL worked best for prop firm rule compliance



Installation & Setup



  1. Download EA → https://forexfactory.cc/ea/common-sl-tp-ea-v1-51-mt5

  2. Copy .ex5/.mq5 into MT5 → MQL5 → Experts

  3. Restart MT5 / Refresh Navigator

  4. Attach EA to any chart (EURUSD M1 recommended for stability)

  5. In inputs, set:

  6. Common Stop Loss (pips or equity %)

  7. Common Take Profit (pips or equity %)

  8. Equity guard ON/OFF

  9. Enable Algo Trading

  10. EA will automatically monitor and close trades when levels are hit



Why YoForex Tools


Most free trade managers are clunky or outdated. YoForex keeps them lightweight, updated, and practical.



  • Free lifetime updates

  • Risk-first functionality

  • Simple but powerful for real trading


Support & Disclaimer


Need help configuring? Contact us:



Disclaimer: This EA doesn’t generate entries. It only manages risk. Always demo first and confirm prop firm rules before live use.


FAQ


Q1: Does this EA open trades?
A: No, it only manages existing trades with a common SL/TP.


Q2: Can it manage trades from other EAs?
A: Yes, all trades on the account are managed.


Q3: Prop firm safe?
A: Yes, especially with equity-based SL/TP to comply with rules.


Q4: VPS required?
A: Recommended if you need 24/5 uninterrupted risk control.


Q5: Minimum deposit?
A: Works with any size account since it doesn’t execute entries.


How It Works




  • Monitors all open trades across account




  • Closes them at one unified SL/TP




  • Supports both pip-based and equity-based levels




  • Optional equity guard adds extra safety




Call to Action


Want to simplify trade management? Download Common SL TP EA V1.51 MT5 free today. Keep your trading safe, unified, and prop firm–friendly.


???? Download: https://forexfactory.cc/ea/common-sl-tp-ea-v1-51-mt5
???? Support: https://wa.me/+443300272265 | https://t.me/yoforexrobot


Happy Trading