Description
Hotkey Trader + Auto TP/SL
Hotkey Trader + Auto TP/SL is a fast manual-trading cBot designed for traders who want instant Long, Short, Flat, Risk-Free and Hedge actions directly from the chart.
It also includes an automatic TP/SL manager with flexible sizing by Pips, Money, or % of account balance, plus an optional SL Cover feature to protect profits as the trade moves in your favor.
The trading panel is fully movable, and all main trading actions can be executed using customizable keyboard hotkeys.
Main Features
- β‘ Long / Short β Open market trades instantly.
- π Flat All β Close all open positions on the current symbol.
- π Risk Free β Moves the Stop Loss to the entry price for profitable positions.
- π Hedge β Automatically opens an opposite position to neutralize the current net exposure.
- π― Automatic TP/SL β Automatically applies TP and SL to positions.
- π‘οΈ SL Cover β Automatically moves the SL into profit after a specified price movement.
- π Position or Transaction mode β Use shared TP/SL based on the group's average entry price or individual TP/SL for each position.
- πΉ Custom Hotkeys β Choose your own keys for all trading actions.
- π±οΈ Movable Trading Panel β Drag the panel anywhere on the chart.
Input Settings
Trading Settings
Starting Lot Size
The default lot size used when pressing Long or Short.
Order Label
The label assigned to positions opened through the hotkey panel. This is also useful for identifying which positions the Auto TP/SL system should manage.
Max Open Lots / Direction
Maximum allowed net exposure in one direction.
Hotkeys
Long Key
Keyboard key used to open a Buy position.
Default: L
Short Key
Keyboard key used to open a Sell position.
Default: S
Flat (Close All) Key
Closes all open positions for the current symbol.
Default: F
Risk Free Key
Moves the Stop Loss of profitable positions to the entry price.
Default: R
Hedge Key
Opens an opposite trade equal to the current net exposure to neutralize the position.
Default: H
Auto TP/SL Settings
TP/SL Mode
- Position β Groups positions by symbol and direction and uses their weighted-average entry price to calculate a shared TP/SL.
- Transaction β Calculates TP/SL separately for each individual position.
Value Type
Choose how TP and SL distances are calculated:
- Percent β Based on a percentage of account balance.
- Pips β Fixed pip distance.
- Money β Fixed monetary amount in the account currency.
Take Profit Value
Sets the TP target according to the selected Value Type.
Examples:
30with Pips = 30 pips30with Money = 30 account-currency units30with Percent = 30% of account balance
Stop Loss Value
Sets the SL distance according to the selected Value Type.
Apply To Existing Positions On Start
If enabled, the bot applies its Auto TP/SL settings to existing positions when the cBot starts.
Auto TP/SL Enabled At Start
Determines whether the Auto TP/SL engine starts ON or OFF when the cBot launches.
SL Cover Settings
Enable SL Cover
Enables automatic movement of the Stop Loss when the trade reaches the required profit level.
Cover When Profit Reaches (%)
The percentage price movement from the entry price required before SL Cover activates.
Cover SL Value (%)
Defines where the new Stop Loss is placed relative to the entry price.
0= SL moves to the entry price (break-even)- Positive value = SL moves into profit
Auto TP/SL Filter
Auto TP/SL Label Filter
Controls which positions are managed by the Auto TP/SL engine.
- Enter a label such as
HotkeyTraderβ only positions with that label are managed. - Leave blank β all open positions, on any symbol, can be managed.
Panel Appearance
Panel Vertical Position
Sets the initial vertical position of the trading panel.
Panel Horizontal Position
Sets the initial horizontal position of the trading panel.
The panel can then be dragged anywhere on the chart.
Important Note
For Money and Percent TP/SL calculations, the bot converts the monetary target into a price distance using the symbol's tick value and tick size. The code itself recommends testing this calculation on a demo account first, because tick-value normalization can vary between brokers. Pip-based TP/SL does not have this dependency
Summary
Key features include an automatic TP/SL manager with flexible sizing options based on pips, monetary value, or percentage of account balance. The bot offers two TP/SL modes: Position mode, which groups positions by symbol and direction for shared TP/SL based on weighted-average entry price, and Transaction mode, which applies TP/SL individually per position. An optional SL Cover feature automatically moves the stop loss into profit after a specified price movement.
Input settings allow configuration of starting lot size, order labels for position management, maximum net exposure per direction, and hotkey assignments. The panelβs initial position on the chart can be set and then adjusted by dragging. For monetary and percentage TP/SL calculations, the bot converts targets into price distances using symbol tick values, with pip-based calculations independent of broker variations.
