Break Even Trailing EA

Break Even Trailing EA | Automated Breakeven & Trailing Stop Manager

Break Even Trailing EA is a utility Expert Advisor (EA) for MetaTrader 4/5, designed to automate profit protection for discretionary traders. This tool manages risk and locks in profits automatically after your manual entries, making your trading process more efficient and less stressful.
The EA offers two powerful, selectable logic modes for securing profits, which you can use individually or in combination, depending on your trading style.

1. Breakeven Function (Set Stop Loss to Entry or Entry+)

• When your position reaches a predefined profit (in pips), the EA automatically moves your stop loss to your entry price or to entry + a custom offset (to cover commission/spread).
• This feature helps you eliminate risk and ensures you do not turn a winning trade into a loss.
• The breakeven offset allows you to lock in a small profit, ensuring all costs are covered.

2. Trailing Stop Function

• Once your trade hits a certain profit level, the EA activates a trailing stop, automatically adjusting the stop loss to follow price as the market moves in your favor.
• This allows you to capture more profit as trends extend, while protecting gains if the market reverses.
• Both the trigger level and the trailing distance can be set in pips, allowing precise customization to your strategy.

You can enable or disable each function independently via input parameters. For example, you might set a breakeven first, then activate the trailing stop after a larger move — all easily managed from the EA’s settings.

Chart Display (On/Off Option)

• All important settings (trigger levels, trailing distance, etc.) are displayed in the lower-left corner of the chart, providing clear, real-time confirmation of your protection logic.
• If you prefer a cleaner chart, this display can be turned off via parameter.

Parameter List (all values in pips, intuitive names)

Main Features & Advantages

• Fully automates profit protection after manual entries – perfect for discretionary traders
• Switch freely between breakeven and trailing stop, or combine both for layered risk management
• No magic number required – monitors and manages all open positions on the account
• Simple, intuitive settings – ready to use out of the box
• Beginner-friendly, with clear parameter names and on-chart status display

About the Developer

Break Even Trailing EA is developed by TOKYO-EA, a brand dedicated to practical, user-friendly tools for manual traders. This EA is provided free of charge and is designed to help all traders protect profits more efficiently and reduce stress during trading.
For more tools and updates, simply search for "TOKYO-EA".