Auto Breakeven Trailing Stop and Partial Close

A free position manager for MetaTrader 5. Attach it to a chart and it looks after the trades you already have open: it moves them to break-even, trails the stop as they run, and takes a partial close at your target. It never opens trades and never fires a signal. It only manages what is already there.

What it does

• Auto break-even. Once a trade is a set number of points in profit, the stop jumps to entry, with an optional buffer so it locks a few points rather than exactly flat.
• Trailing stop, two ways. After a further threshold the stop starts to follow price. Keep it a fixed distance behind, or place it just beyond the extreme of the last few closed candles so it tracks structure instead of a set gap. Either way it tightens only when it improves by at least your step, so it never spams tiny changes.
• Partial take-profit. At your target it closes part of the position, any percent you set, once per position, and can move the rest to break-even straight after.

Each rule is toggled on or off independently. Run just one, or all three together.

This one manages a trade you already opened. Trade Manager with Risk Sizing and Trailing Stops manages it too, with three partial closes and four trailing modes, and adds the two things this one cannot do: it sizes and sends the trade from a stop you drag on the chart, and a daily and overall loss limit closes the trades it opened and refuses new entries when it is reached, with the daily reset at the hour your prop firm uses.

Trailing behind structure

Traders who trail by hand rarely use a fixed gap. They move the stop under the last swing. This does the same thing automatically:

• Behind the last closed candles. Pick how many candles to look back, and the stop sits just beyond the lowest low of that window on a buy, or the highest high on a sell.
• Closed candles only. The level comes from finished bars, never the one still forming, so it cannot shift under you mid-bar.
• Its own timeframe. Trail off H1 structure while you watch an M5 chart, or leave it on the chart timeframe.
• A clearance you set. Place the stop a little beyond the extreme rather than exactly on it, read in the same unit as everything else.
• The same protections. It still waits for your profit trigger, still only ever tightens, and still respects your minimum step.

Trigger units, your choice

Read every threshold above in whichever unit fits how you trade:

• Points (default), the classic fixed-distance behaviour.
• ATR multiples, so the same setup adapts to each symbol's volatility.
• R multiples, where 1R is the trade's initial stop distance, so break-even and targets are expressed in risk. For the truest R, attach the manager when the trade opens; it reads 1R from the stop present when it first sees the position.
• Money, in your account currency, so a trade moves to break-even after a set profit and trails a set amount behind.

One setting switches the unit for break-even, trailing and the partial together. Points is the default, so existing setups are unchanged.

Alerts when it acts

The manager works silently, so this tells you the moment it does something. Get an alert the instant a trade moves to break-even, the trailing stop starts, or a partial closes:

• Your channels. Popup, sound, push notification to the MetaTrader mobile app, or email. Turn each one on or off.
• One alert per event, per trade. Each event is announced once and never repeats, even after a terminal restart, so you are not pinged on every tick.
• Per-event switches. Get only the partial alert, or only break-even, if that is all you want to hear about.

Who and what it manages

• This chart's symbol, or every symbol. One toggle.
• By magic number, or everything. Manage one EA's trades, or leave it at 0 to manage every position on the account, including trades you placed by hand.
• Works the moment you attach it to any symbol and any timeframe.

Built to be safe

• No signals, no entries. It manages risk on open trades. It cannot open a position.
• Stops only ever move to protect. A stop is never loosened, only tightened toward profit.
• One partial per position, and it remembers. The partial-taken state is stored durably, so a reload, recompile or restart can never take a second partial off the same trade.
• Respects the broker. It normalizes volume to the lot step and keeps every stop the broker's minimum distance away, so modifications are accepted.
• It tells you when it cannot act, and why. With algo trading switched off the manager cannot touch a single trade, so the panel says so in red rather than looking like it is working. The same is true of any single rule: if a partial cannot be sent, the panel marks that rule Unavailable and prints the reason underneath instead of passing over it in silence.

The panel tells you what it has done

The card on your chart is not a list of switches. Each of the three rules shows its trigger and its live state, so you can see at a glance what has already happened to the trades you have open:

• Break-even, trailing and the partial, each with its own state. Waiting, Done, or Done 1/2 when you are managing several trades at once.
• Unavailable, with the reason. A rule that cannot fire says so and prints why on the line below, rather than showing as switched on while nothing happens.
• A Next line. It names which rule fires next and how far price has to travel to get there, in whatever trigger unit you chose.
• Readable at any display scaling from 100 to 200 percent, and draggable to wherever you want it.

What it does not do

It does not open trades, predict direction, or fire buy and sell signals. You (or another EA) open the trade, this looks after it.

In the Strategy Tester it opens small sample trades so it has activity to show (a manager that only watches would otherwise do nothing in a backtest). On a live or demo account it never opens a trade, it only manages what is already there.

Note on account type. On a hedging account each position is managed on its own. On a netting account there is one position per symbol, so adding to it will not trigger a second partial.

Note on the partial and lot size. Both sides of a partial have to be a tradable size: the part it closes and the part it leaves open must each be at least your broker's minimum lot. On a symbol with a 0.01 minimum, a 50 percent partial therefore needs a position of 0.02 or more. Below that the partial is skipped rather than sent and rejected, the panel marks the partial rule Unavailable and says why, and break-even and the trailing stop carry on as normal.

Free. Works on any symbol and any timeframe. If it earns a place on your charts, a review or a bug report both help.

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