Trade Manager Basic Breakeven and Trailing

Trade Manager Basic – Breakeven and Trailing Utility EA for MetaTrader 4

Trade Manager Basic is a lightweight utility Expert Advisor for MetaTrader 4, specifically designed to manage existing trades without initiating new ones.

It automatically:

• Moves Stop Loss to breakeven after reaching a defined profit level

• Activates a dynamic trailing stop once the specified threshold is reached

Key Features:

• Operates on manually opened positions

• Configurable parameters for Breakeven and Trailing logic

• Compatible with all brokers and instruments (including Gold, Indices, Oil)

Usage:

The EA can be attached to any chart. It monitors all open trades and adjusts their Stop Loss levels according to the defined input parameters.

Note: This EA does not open or close positions. It only modifies the Stop Loss of existing trades.

Input Parameters:

• BreakEvenTrigger : Profit level to activate breakeven (in 0.1 pip units)

• BreakEvenOffset : Distance from entry price to new SL when breakeven is activated

• TrailingStart : Profit level to initiate trailing stop (in 0.1 pip units)

• TrailingStep : Distance to maintain between market price and SL during trailing (in 0.1 pip units)

Example:

Setting BreakEvenTrigger = 120 activates breakeven at +12.0 pips.
Setting TrailingStart = 160 starts trailing at +16.0 pips profit.

Decimal input values offer precise control on symbols such as XAUUSD or DAX, where 1 pip equals 0.10.

This utility is distributed at no cost. The source code is available for users who wish to modify or adapt it for their own needs.