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ScaleOut and BreakEven

50 USD

Demo downloaded: 13

Published: 15 January 2019

Current version: 1.0

ScaleOut and BreakEven

Name: ScaleOut and BreakEven
Price: 50.00 USD
Rating: 4 (1 reviews)
Author: Tomislav Turcin

Utilities
Tomislav Turcin
Tomislav Turcin
Croatia

7503
4.6 (10)
- https://thetraderfx.blogspot.hr/
I am an independent Forex trader from Croatia with 12 years of trading experience. Also, I am a very skillful MQL4/MQL5 programmer.

5 products
Version: 1.0
Activations: 5

This simple utility EA designed for managing the open trades.

For all open trades when the certain amount of profit is reached it closes a part of the position and moves the Stop Loss to breakeven level.

EA has following entry parameters:

- Scale-out lots: defines the size of the position that we want to close when profit is reached

- Scale-out profit: defines the profit in points when we want to scale out

- Breakeven profit: defines how many points above/below breakeven value we want to put the Stop Loss after scale out was executed

more...

ehssan505 2020.05.22 06:59 #

I rented it for a period of 3 months. It works as it is supposed to. I just don't understand how the Break even profit works.

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Filter:

ehssan505 2020.05.22 06:59 #

I rented it for a period of 3 months. It works as it is supposed to. I just don't understand how the Break even profit works.

7503

Reply from developer Tomislav Turcin 2021.09.20 13:47 #

After the original position was partially closed (scaled out). Stop loss is moved Breakeven pips above (for buy orders) or below (for sell orders) open order price.