DislikedA similar thing can be done with FXCM's Tradestation.....at least for the SL. I can't remember how to do it right at this moment, but you can set a generic SL that is entered on all trades at the time of entry. So you could have (say) a -20 SL entered into the system and then every trade you enter, you will automatically have a -20 SL entered at the same time. This means that your account is protected right form the start. Of course you can adjust the SL to whatever you like after the entry is made.
I just can't remember how to do it......lol......I'll...Ignored
Not sure whether this then transfers to the MT4 platform.
I may have a go and see if it does, out of interest.