Stop Order TP + SL is an automated trading bot that places stop limit orders based on short-term price action signals. It compares the closing price of the current bar to the previous bar: if the current close is higher, it places a Buy Stop order; if lower, a Sell Stop order. Orders are set at a configurable distance from the market price (StopOffsetPips) and include predefined Take Profit (TP) and Stop Loss (SL) levels in pips for each trade. The system manages one open position at a time, waiting for it to close before initiating another.

The bot features an adjustable position sizing model with controlled Martingale logic: after a configurable number of consecutive losses (StartMartingaleAfterLosses), the lot size increases by a multiplier (MartingaleMultiplier), up to a maximum lot size (MaxLot) for risk control. Upon a winning trade, the lot size resets to the initial value. A spread filter prevents new trades if the market spread exceeds a set maximum (MaxSpread).

This strategy uses stop limit orders to minimize slippage and applies TP and SL on every trade for risk management. It is suitable for volatile instruments such as XAUUSD (gold), NAS100, and BTCUSD. Key configurable parameters include initial lot size, max lot size, Martingale settings, TP/SL values, max spread, and stop order distance.