Auto Break Even MT4
- Utilities
- Version: 1.6
Protect your capital and turn winning trades into risk-free positions instantly. Auto Break-Even is an automated trade management utility that shifts your Stop Loss to your entry price (plus a customizable offset) the moment your trade reaches a defined profit target.
Take the emotion out of trade management. By automating your break-even process, you prevent winning trades from turning into losers, allowing you to confidently hold positions for larger targets.
Key Features
-
Auto Break-Even: Automatically moves your Stop Loss to the entry price once X pips of profit are achieved.
-
Pips Offset: Add a buffer (e.g., 0.3 pips) to your break-even level to ensure you cover spread and commission costs.
-
Multi-Symbol Support: Run it on a single chart, or manage multiple currency pairs from one window.
-
Magic Number Filtering: Easily manage manual trades, or pair it with other EAs to protect their specific positions.
Input Parameters
-
Auto Break-Even: Toggle the feature ON/OFF.
-
Pips in Profit: The amount of profit (in pips) required to trigger the break-even action.
-
Pips Offset: The distance from the entry price to place the new Stop Loss (locks in a small profit to cover fees).
-
Symbols: Specify pairs to manage (e.g., EURUSD, GBPUSD) or leave blank for the current chart.
-
Magic Number: Target specific trades or leave open to manage everything.
Ideal for: Trend traders, swing traders, and anyone struggling with the psychology of moving their own stop loss.
