using both breakeven and trailing stop ?

 

Hi

Before trying to write the code in mql5, I'd like to know that can I use both breakeven and trailing Stop in my E.A? after opening the position I want to use breakeven and then , after a certain profit I'd like to use trailing stop ?

 
Yes you can do that. But you can't move your SL to breakeven instantly after opening a position until it's move in profit. For example, after price moves 5 pips in profit move SL to BE then after 30 pips move SL as Trailing. 
 
Mahadi Hasan Razu #:
Yes you can do that. But you can't move your SL to breakeven instantly after opening a position until it's move in profit. For example, after price moves 5 pips in profit move SL to BE then after 30 pips move SL as Trailing. 

Can I  do this :? ----> after price moves 5 pips in profit move SL to BE then after 30 pips  , cancel the BE and run trailing stop function.

 
saeed Golshenas #: Can I  do this :?
  1. Can you code that?
         How To Ask Questions The Smart Way. (2004)
              Be precise and informative about your problem

  2. You buy at the Ask and sell at the Bid. Pending Buy Stop orders become market orders when hit by the Ask.

    1. Your buy order's TP/SL (or Sell Stop's/Sell Limit's entry) are triggered when the Bid / OrderClosePrice reaches it. Using Ask±n, makes your SL shorter and your TP longer, by the spread. Don't you want the specified amount used in either direction?

    2. Your sell order's TP/SL (or Buy Stop's/Buy Limit's entry) will be triggered when the Ask / OrderClosePrice reaches it. To trigger close to a specific Bid price, add the average spread.
                MODE_SPREAD (Paul) - MQL4 programming forum - Page 3 #25

    3. The charts show Bid prices only. Turn on the Ask line to see how big the spread is (Tools → Options (control+O) → charts → Show ask line.)

      Most brokers with variable spreads widen considerably at end of day (5 PM ET) ± 30 minutes.
      My GBPJPY shows average spread = 26 points, average maximum spread = 134.
      My EURCHF shows average spread = 18 points, average maximum spread = 106.
      (your broker will be similar).
                Is it reasonable to have such a huge spreads (20 pip spreads) in EURCHF? - General - MQL5 programming forum (2022)

Reason: