ScaleOut and BreakEven

4

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 

Reviews 1
ehssan505
59
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.

Recommended products
Close all treads with Tp and SL
Mir Mostofa Kamal
Utilities
Close_All_Trades_with_TP_SL is a reliable and efficient MQL4 Expert Advisor designed to simplify and automate trade management for all open positions on your MT4 account. This EA is especially useful for traders who open multiple trades quickly or use high-frequency strategies where manual TP/SL placement becomes difficult and time-consuming. The primary purpose of the EA is to ensure that every open trade—whether Buy or Sell—always has a predefined Take Profit (TP) and Stop Loss (SL) applied. M
FREE
BreakEven ProSync MT4
Rosen Kanev Kanev
Utilities
BreakEven ProSync EA – Trade Management & Risk Control Tool Overview BreakEven ProSync EA is an expert advisor for   MetaTrader 4  that helps traders manage open positions efficiently by   automating stop-loss adjustments   and ensuring position synchronization. This tool is designed for traders who want to standardize their stop-loss and take-profit levels across multiple trades while integrating a break-even function. The EA works by calculating the  average price   of all open positions and
Market Position Manager
Alen Vujica
Utilities
Market Position Manager   is Expert Advisor that makes very fast executions of orders. First Tab allows you to: Open buy order Open sell order Open sell stop Open sell limit Open buy stop Open buy limit Second Tab allows you to: Put stop loss and take profit Third Tab Allows you to: Set Lot of position  Indicator below shows you: Floating profit of open positions made by robot. Application features:  Works with any account type and broker Doesnt require specific skills Easy and intuitive interfa
Exp Swing
Vladislav Andruschenko
4.51 (59)
Experts
It uses the model of a famous strategy called Swinger (Pendulum, Cheburashka) - alternate placing of pending orders with increased lot. The strategy lies in placing two opposite pending orders. When the price moves in a certain direction, one pending order is triggered, while the lot size of the other order is increased. The EA provides three types of opening pending orders (TypeofTrade) Auto-opening after placement (Instant opening AutoTrade) Opening and management after manual opening (Manual
FREE
Manage Multiple Positions
Suvashish Halder
Utilities
Tired of manually adjusting stop-loss and take-profit levels for multiple positions across different pairs? The Manage Multiple Positions Expert Advisor is your solution. MT5 Version -  https://www.mql5.com/en/market/product/120989/ This powerful tool streamlines your trading experience by allowing you to manage multiple positions on a single pair with ease. Modify stop-loss and take-profit levels for all open positions on a specific pair with a single click. Plus, the EA provides clear visibili
Auto Trailing Stop MT4
Volodymyr Hrybachov
Utilities
Utility for automatic closing of deals by trailing stop levels.  Allows you to take the maximum from the profit. Created by a professional trader for traders.   Utility   works with any market orders opened manually by a trader or using advisors. Can filter trades by magic number. The utility can work with any number of orders simultaneously. MT5 version  https://www.mql5.com/ru/market/product/56488 WHAT THE UTILITY CAN DO: set virtual   trailing stop   levels from 1 pip set       real   trailin
MakingAssistantNetworker
Iurii Kuksov
Utilities
This is a regular panel that places a network of buy and sell orders. This Expert Advisor closes the profit order defined in the settings. Then, there is a parameter called Ladder, which includes that the distance between orders begins to increase by the points indicated by the ladder parameter (here, in the main settings, it is 10 points), which means the second order is 10 points, the third order is 20 points, the fourth order is 40 points, etc. Then, you need to know what is in this adviser
Pound sterling M5 scalping
Andrey Kozak
Experts
Robot scalper for M5 timeframe. Trades on the GBPUSD currency pair. This robot has been specially developed by a company of professional traders for trading in the pound sterling. The robot approximately opens 5 to 15 trades every day. It is best to trade with brokers that have a low spread on GBPUSD up to 10 pips. The recommended minimum deposit to start is $500 or more. Advantages: does not use martingale. not a net. every trade has a stop loss. professional bot specifically for the GBPUSD p
DepoControl
Evgeniy Zhdan
Utilities
DepoControl – Full Control Over the Deposit Closers   Expert Advisor controls the overall account status and closes ALL market orders on the account when certain conditions occur. The trading robot closes ALL orders on the account in the following cases (by profit): Close ALL orders by a total profit on the account   in monetary terms . For example, suppose that the settings specify that   positions should be closed when profit of 100 is reached. In this case, the Expert Advisor closes all mark
Equity Watcher
Gabriel Siljevinac
Utilities
Equity Watcher: Your Ultimate Risk Management Tool --------------------------------------------------------------------------------------------------------------------------------------------- Equity Watcher is a must-have for traders who value precision and control over their accounts. This powerful EA monitors all trades on your account in real time, ensuring that your equity stays within safe limits. When the drawdown exceeds a user-defined threshold, Equity Watcher takes immediate action by
Account Info for MT4
Denis Zyatkevich
Utilities
Overview The script displays information about the trade account and the current financial instrument. Information about the trade account: Account - account number and type (Real or Demo); Name - name of the account owner; Company - name of a company that provide the access to trading; Server - trade server name; Connection State - connection state; Trade Allowed - shows whether trading is allowed on the account at the moment; Balance - account balance; Equity - account equity; Credit - amount
Master Trendline
Genesis Hafalla
Utilities
This EA utility opens trade when price touches trend line on your chart. How to use in 2 steps? Attached this utility on your chart with your desired parameters  and risk management settings set. Draw a line using " Horizontal line tool " or  " Trend line tool " on your chart. Rules: You can draw a minimum of 1 line and a maximum of 2 lines  in the chart. It will only trade once on a symbol when it touches the line. You need to have a  fundamental knowledge about trend line trading. Parameters:
King Box Thor
Nguyen Cong Hoan
Experts
The product has a great combination of pending orders and trends to help investors manage capital effectively. The bot does not have a martingale, so it is always safe of capital. Run the D1 timeframe pairs. The main parameters can be installed: Lot -  Startot . Auto-Grid   -    ON/OFF AutoLot  - ON/OFF TP - Takeprofit   -pips. SL - StopLoss  - Pips. Magic -  Number magic. TralllingStop  - ON/OFF Comment  - KING Tralling - pips
OrderManager MT4
Lukas Roth
4.73 (26)
Utilities
Introducing the OrderManager : A Revolutionary Utility for MT4 Manage your trades like a pro with the all-new Order Manager utility for MetaTrader 4. Designed with simplicity and ease-of-use in mind, the Order Manager allows you to effortlessly define and visualize the risk associated with each trade, enabling you to make informed decisions and optimize your trading strategy. For more information about the OrderManager, please refear to the manual. [ Demo ]  [ Manual ]  [ MT5 Version ]  [ Telegr
HotKeys MT4
Alexey Valeev
3 (1)
Utilities
This utility provides the ability to use hot keys in manual trading instantly responding to the current market situation. You can assign hot keys to open/close positions by their type, close all positions on the current chart and remove all orders on the current chart. You can also assign hot keys for five predefined trade volumes and switch between them if necessary with no need to change the volume manually from time to time. It is also possible to set the auto calculation of a trade volume in
Trendline EA
Carlos Oliveira
4.5 (10)
Utilities
Trendline EA MT4 Trendline EA MT4 is a semi-automated Expert Advisor for MetaTrader 4 designed to execute trading actions or alerts based on trendlines drawn by the user. MetaTrader 4 does not provide native functionality to place or manage trades directly from trendlines. This Expert Advisor extends standard platform behavior by monitoring user-defined trendlines and executing predefined actions when price interacts with them. The Expert Advisor does not define or apply any trading strategy. Al
Recovery Manager Pro MT4
Ianina Nadirova
5 (1)
Experts
Recovery Manager Pro is a system for recovering drawdowns from other advisors or from manually opened orders. RM Pro has the ability to automatically dynamically adjust. The trader needs to select the risk level and the advisor will work in fully automatic mode. Can work in drawdown recovery mode and standby mode! If another advisor generates a drawdown, RM Pro will disable it, lock the position and start the process of restoring the deposit using partial closures. In its trading, the advisor u
One Click Trader Real
Andrzej Pierz
Utilities
One Click Trader is a tool designed for MetaTrader 4 platform, which enables you to take your trading to the next level. It enables you to open, manage and close your trades in simple an efficient way by just one click of your mouse button. Up arrow minimizes the OCT panel Down arrow maximizes the OCT panel Right arrow displays the next panel with additional features Left arrow hides the panel with additional features Red SELL button enables you to open short market orders Red SELL STOP button e
Health Check
Dua Yong Rew
Utilities
Send periodic (Health Check) notification from your MT4 terminal to your mobile phone to be sure that your MT4 terminal is still running. When you did not receive the notification, it means that your terminal is unavailable. Optional information like Account Equity and Trading Pairs are also available. Notification Period - 1 Hour, 2 Hours, 4 Hours, 8 Hours, 12 Hours, 24 Hours Attach EA to any H1 chart
Market Watch Panel MT4
Dmitriy Skub
Utilities
This is a panel for market review and evaluation of multicurrency price movements. It shows main parameters for a user defined group of symbols in the form of a table. The following values are displayed: Symbol name; Ask price value; Bid price value; Spread size in pips; Stop level in pips - may be hidden by a user; Change of price in pips comparing to the day start; Current daily range (High - Low) in pips; Average daily range in pips for user defined number of days; Price change percentage dur
Universal TP SL Pips
Genesis Hafalla
5 (1)
Utilities
This EA utility does not trade on its own, but it only modifies the   open  trades    to add   take profit   and   stop loss   that was  opened manually or by any other expert advisors.  The distance is based on Pips . How Does It Work? If   Symbol to modify   is set to   "All Symbol"   simply attach it to one chart, and all   open trades   in the entire terminal will set the   take profit   and   stop loss   .  If  Symbol to modify   is set to   "Local Symbol"   , it will only set the   ta
Auto risk manager PRO
Igor Chugay
Utilities
Auto risk manager PRO is a utility for order control. Regardless of whether orders are opened manually or by advisors, when the specified percentage of profit or loss is reached, the advisor will close all positions, delete (if necessary) pending orders and independently close the chart windows (will not allow advisors to open new transactions). The utility will be especially useful for traders who trade using advisors or manually on several currency pairs at the same time. Download demo version
Range Predictor
Suvashish Halder
Indicators
Introducing the Range Predictor : Your Ultimate Guide to Future Trading Ranges! Imagine having the power to see into the future of market moves— Range Predictor brings this dream to life. Designed to deliver real-time, predictive support and resistance levels , this tool goes beyond standard indicators, offering trend direction insights and precise range forecasts . Whether you're a day trader or a swing trader, the Range Predictor is your all-in-one toolkit for mastering the markets. MT5 Ver
Five Minutes Tester
Igor Semyonov
Utilities
The Five Minutes Tester indicator is a simple tester for the Five Minutes trading system and the Five Minutes Expert EA based on binary options. Its objective is constructing a balance line on history data and calculation of statistics during CALL and PUT transactions performed by Five Minutes trading system. The tester requires at least 100 bars in history for the EURUSD instrument on the five-minute interval. But, in order to receive reliable statistical data, it requires the bars to be downlo
FREE
UTralVirtual
Viktor Shpakovskiy
Utilities
Utility for managing open positions and pending orders. The built-in trailing stop has five modes and seven tools. There is a virtual stop loss and a virtual take profit, which can be freely moved around the chart. With the help of the built-in trading simulator, you can check how the EA works in the strategy tester. Detailed guide to UTralVirtual can be found in the "Comments" section. Benefits 5 trailing stop modes: virtual, normal, total, percentage and mobile stop loss; 7 options: by points,
FXPivot Clicker EA
Metsa Kgatla
Experts
"The FXPivot Clicker EA is a game-changing automated trading robot designed to simplify and enhance your Forex trading experience. Powered by advanced algorithms and cutting-edge technology, this EA takes care of all the hard work for you, executing trades with precision and efficiency. With the FXPivot Clicker EA, you can enjoy the freedom of automated trading across all currency pairs. Whether it's major, minor, or exotic pairs, the EA is equipped to analyze the market and identify profitable
TrendEx Pro
Md Abdur Rahim
Experts
We do not want to make you confused with an imaginary high profit screenshot from Strategy Tester which has no relation/guarantee of future profit! We just want to tell you the real thing about our EA. TrendEx Pro has been developed to trade on Gold specially, combining multiple strategies algorithm to ensure Trend catching and trading on. It can identify both short and long trends and opens positions accordingly with excellent built-in risk management logic. There is no use of any dangerous met
Auto Fibo Pro m
DMITRII GRIDASOV
Indicators
"Auto FIBO Pro"   Crypto_Forex  indicator  - is great auxiliary tool in trading! Indicator automatically calculate and place on chart Fibo levels and local trend lines (red color). Fibonacci levels indicate key areas where price can reverse. Most important levels are 23.6%, 38.2%, 50% and 61.8%. You can use it   for reversal scalping  or for zone grid trading. There are plenty of opportunities to  improve your current system using Auto FIBO Pro indicator as well. It has Info Spread Swap Displa
EA Nova Trade
Ruslan Pishun
1 (1)
Experts
The Expert Advisor uses 3 different strategies based on news fluctuations. The EA downloads the news from economic sites. The EA takes into account only HIGH and MEDIUM impact news and trades on their basis. The EA uses a smart profit taking system. It was backtested and optimized using real ticks with 99,9% quality. Monitoring : https://www.mql5.com/en/signals/author/profi_mql . Optimized for EURUSD, AUDUSD, GBPUSD, USDJPY, NZDUSD / H1 For the EA to work correctly, open Tools > Options > Expert
Pulse Dashboard
Artem Filippov
Utilities
This indicator allows you to monitor the vitals of your account and notifies of some events, in accordance with user settings. Keep your finger on the pulse of trading. Control elements Main panel of the indicator shows the following values: chart symbol, bid/ask prices, spread, free margin, equity, total number of orders and total profit/loss. There are also two buttons: "Alarm" and "Mute". "Alarm" button starts up a timer, which will notify user in a period of time, defined in the settings. I
FREE
Buyers of this product also purchase
Forex Trade Manager MT4
InvestSoft
4.98 (435)
Utilities
Welcome to Trade Manager MT4 - the ultimate   risk management tool   designed to make trading more intuitive, precise, and efficient. This is not just an order placement tool; it's a comprehensive solution for seamless trade planning, position management, and enhanced control over risk. Whether you're a beginner taking your first steps, an advanced trader, or a scalper needing rapid executions, Trade Manager MT4 adapts to your needs, offering flexibility across all markets, from forex and indice
Copy Cat More Trade Copier MT4
Dilwyn Tng
5 (3)
Utilities
Copy Cat More Trade Copier MT4 is not just a simple local trade copier; it is a complete risk management and execution framework designed for today’s trading challenges. From prop firm challenges to personal portfolio management, it adapts to every situation with its blend of robust execution, capital protection, flexible configuration, and advanced trade handling. The copier works in both   Master (sender) and Slave (receiver)   modes, with real-time synchronization of market and pending orders
Exp COPYLOT CLIENT for MT4
Vladislav Andruschenko
4.65 (66)
Utilities
Professional Trade Copier for MetaTrader 4 Fast, professional, and reliable trade copier for MetaTrader 4 . COPYLOT helps you copy Forex trades between MetaTrader 4 and MetaTrader 5 terminals with flexible synchronization for different account setups. COPYLOT MT4 version supports: MetaTrader 4 to MetaTrader 4 MetaTrader 5 Hedge to MetaTrader 4 MetaTrader 5 Netting to MetaTrader 4   MT5 version Full Description + DEMO + PDF How To Buy How To Install How to get Log Files How To Test and Optimize A
The News Filter
Leolouiski Gan
5 (25)
Utilities
This product filters all expert advisors and manual charts during news time. It is able to remove any of your EA during news and automatically reattach them after news ends. This product also comes with a complete  order management system that can handle your open positions and pending orders before the release of any news. Once you purchase The News Filter , you will no longer need to rely on built-in news filters for future expert advisors, as this product can filter them all from here onwards
Telegram To MT4 Copier
Trinh Dat
4.95 (40)
Utilities
The product will copy all telegram signal to MT4   ( which you are member  ) , also it can work as remote copier.  Easy to set up, copy order instant, can work with almost signal formats, image signal, s upport to translate other language to English Work with all type of channel or group, even channel have "Restrict Saving Content", work with  multi channel, multi MT5 Work as remote copier: with signal have ticket number, it will copy exactly via ticket number. Support to backtest signal. How to
TradePanel MT4
Alfiya Fazylova
4.84 (94)
Utilities
Trade Panel is a multi-functional trading assistant. The app contains over 50 trading functions for manual trading and allows you to automate most trading tasks. Attention! Discounts are limited in time, every Tuesday the price will increase by $5 (up to $90). Before making a purchase, you can test the demo version on a demo account. Download the trial version of the application for a demonstration account: https://www.mql5.com/en/blogs/post/750865 . Full instructions here . Trade. Allows you to
Telegram to MT4 Coppy
Sergey Batudayev
3.89 (9)
Utilities
Telegram to MT4: The Ultimate Signal Copying Solution Streamline your trading with Telegram to MT4 , the cutting-edge utility designed to copy trading signals directly from Telegram channels and chats to your MetaTrader 4 platform—without the need for DLLs. This robust solution ensures seamless execution of signals with unparalleled precision and customization options, saving you time and boosting your efficiency. [ Instructions and DEMO ] [ FAQ ] [ How atach logs properly ] [Settings descrition
Riskless Pyramid
Snapdragon Systems Ltd
5 (1)
Utilities
Introduction This powerful MT4 trade mangement EA offers a way potentially to aggressively multiply trade profits in a riskfree manner. Once a trade has been entered with a defined stoploss and take profit target then the EA will add three pyramid add-on trades in order to increase the overall level of profit. The user sets the total combined profit target to be gained if everything works out. This can be specified either as a multiple of the original trade profit or as a total dollar amount. Fo
VirtualTradePad mt4 Extra
Vladislav Andruschenko
4.85 (61)
Utilities
Trading Panel for trading in 1 click.  Working with positions and orders!  Trading from the chart or the keyboard. Using our trading panel, you can trade in one click from the chart and perform trading operations 30 times faster than the standard MetaTrader control. Automatic calculations of parameters and functions that make life easier for a trader and help a trader conduct their trading activities much faster and more conveniently. Graphic tips and full information on trade deals on the chart
News Filter EA MT4
Rashed Samir
5 (9)
Utilities
News Filter EA: Advanced Algo Trading Assistant News Filter EA is an advanced algo trading assistant designed to enhance your trading experience. By using the   News Filter EA , you can integrate a Forex economic news filter into your existing expert advisor, even if you do not have access to its source code. In addition to the news filter, you can also specify   trading days   and   hours   for your expert. The News Filter EA also includes   risk management   and   equity protection   features
Coppy Master MT4
Sergey Batudayev
4 (3)
Utilities
Coppy Master MT4   is a trade copier tool for MetaTrader 4 and MetaTrader 5 terminals. It supports copying in both directions: from MT4 to MT5, from MT5 to MT4, as well as between accounts of the same type MT4 to MT4. To work correctly, all terminals must be running on the same PC or VPS. [ Instruction  and Demo ]  For copying to MetaTrader 4, a separate version —   Coppy Master MT5   — is required. Main Features: Copying Modes Supports both Master and Receiver roles. Flexible setup for sending
Auto Trade Copier
Vu Trung Kien
4.76 (84)
Utilities
Auto Trade Copier is designed to copy trades to multiple MT4, MT5 and cTrader accounts/terminals with 100% accuracy. The provider and receiver accounts must be on the same PC/VPS. With this tool, you can copy trades to receiver accounts on the same PC/VPS. All trading actions will be copied from provider to receiver perfectly. This version can be used on MT4 accounts only. For MT5 accounts, you must use Auto Trade Copier for MT5 . Reference: - For MT4 receiver, please download Trade Receiver Fre
RSI Divergence Scanner MT4
Amir Atif
4.5 (4)
Utilities
RSI Divergence Scanner is a multi-timeframe and multi-symbol dashboard and alert that checks all timeframes and symbols to find divergences between price chart and RSI indicator. This divergence scanner is integrated with support and resistance zones so you can check the RSI divergences in the most important areas of the chart to find trend reversals in the price chart. Download demo version   (works on M 1,M5,M30,W1 timeframes) Full description of scanner parameters ->   click here . How to get
PZ Local Trade Copier EA MT4
PZ TRADING SLU
1 (1)
Utilities
Effortlessly manage multiple trading accounts The Local Trade Copier EA is a solution for individual traders or account managers who need to execute trade signals from external sources or who need to manage several accounts at the same time, without the need for a MAM or a PAMM account. It copies from up to 8 master accounts to unlimited slave accounts . [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products   |  Get Help ] 100% self hosted Easy to install and use It can c
Trade Reverse Copie4
Chukwuemeka Kingsley Anyanwu
Utilities
Feel free to contact me for any extra features :) [SEE MT5 VERSION  https://www.mql5.com/en/market/product/128846 The Local Reverse Copier is an Expert Advisor designed to synchronize positions between a Master account and a Slave account with a twist: it reverses the trades. When a buy position is opened on the Master account, the EA opens a sell position on the Slave account, and vice versa. This allows for a unique form of trade copying where positions are mirrored in opposite directions bet
MT4 to Telegram Signal Provider
Lukas Roth
4.88 (41)
Utilities
MT4 to Telegram Signal Provider   turns your trading account into a signal provider. Every trade action, whether manual, by EA or from your phone, is instantly sent as a message to Telegram. You can fully customize the format or use a ready-made template for quick setup. [ Demo ] [ Manual ] [ MT5 Version ] [ Discord Version ]  New: [ Telegram To MT5 ] Setup A step by step user guide is available. Key Features Ability to customize order details sent to subscribers You can create a tiered subs
MT4 to Discord Signal Provider
Lukas Roth
5 (3)
Utilities
The MT4 to Discord Signal Provider is a user-friendly, fully customizable utility designed for sending trading signals directly to Discord. This tool transforms your trading account into an efficient signal provider. Customize message formats to suit your style! For ease of use, select from pre-designed templates and choose which message elements to include or exclude. [ Demo ] [ Manual ] [ MT5 Version ] [ Telegram Version ]  New: [ Telegram To MT5 ] Setup Follow our detailed user guide for eas
Trade Manager MT4 DaneTrades
Levi Dane Benjamin
4.09 (11)
Utilities
DaneTrades Trade Manager is a professional trade panel for MetaTrader 4, designed for fast, accurate execution with built‑in risk control. Place market or pending orders directly from the chart while the panel automatically calculates position size from your chosen risk, helping you stay consistent and avoid emotional decision‑making. The Trade Manager is built for manual traders who want structure: clear risk/reward planning, automation for repeatable management, and safeguards that help reduc
ManHedger MT4
Peter Mueller
5 (2)
Utilities
THIS EA IS A SEMI-AUTO EA, IT NEEDS USER INPUT. Manual & Test Version Please TEST this product before   BUYING  and watch my video about it. Contact me for user support or bug reports, or if you want the MT5 version! MT5 Version I do not guarantee any profits or financial success using this EA. With this Expert Advisor, you can: Implement your own   Zone Recovery   strategy to capitalize on trending markets. Create   Grid   trading strategies, to profit from ranging markets. Place orders easil
TradeMirror Pro MT4
Hao Liu
Utilities
TradeMirror is a trade copier EA for MT4/MT5 platform. Why TradeMirror We understand the importance of security, stability and privacy for financial software, so we've gone the extra mile to harden these three elements in detail: Provides a user-friendly graphical interface that is easy to operate Focus on privacy and security, suitable for various financial scenarios with privacy requirements for order distribution Precise replication of orders, millisecond distribution Support full platform, M
Risk Manager for MT4
Sergey Batudayev
4.6 (10)
Utilities
Expert Advisor Risk Manager for MT4 is a very important and in my opinion necessary program for every trader. With this Expert Advisor, you will be able to control the risk in your trading account. Risk and profit control can be carried out both in monetary terms and in percentage terms. For the Expert Advisor to work, simply attach it to the currency pair chart and set the acceptable risk values ​​in the deposit currency or in % of the current balance. Version for MT5 -  https://www.mql5.com
DrawDown Limiter MT4
Haidar Lionel Haj Ali
5 (8)
Utilities
Drawdown Limiter EA You are in the right place if you were searching for Drawdown control, Drawdown limiter, Balance protection, Equity Protection or Daily Drawdown Limit related to Prop Firm, FTMO, or Funded account trading, or if you want to protect your trading account. Have you suffered from controlling your drawdown when trading funded accounts? This EA is meant for you. Prop firms usually set a rule called “Trader Daily Drawdown”, and if it is not respected, you are disqualified.  I am an
Trader Evolution MT4
Siarhei Vashchylka
5 (2)
Utilities
" Trader Evolution " - A utility designed for traders who use wave and technical analysis in their work. One tab of the utility is capable of money management and opening orders, and the other can help in making Elliott wave and technical analysis. Manual (Be sure to read before purchasing) | Version for MT5 Advantages 1. Trading in a few clicks. Immediate and pending orders are available in the panel 2. Money management. The program automatically selects the appropriate lot size 3. Simplifies
Close by percentage MT4
Konstantin Kulikov
5 (1)
Utilities
Hello friends. I wrote this utility specifically for use in my profile with a large number of Expert Advisors and sets ("Joint_profiles_from_grid_sets" https://www.mql5.com/en/blogs/post/747929 ). Now, in order to limit losses on the account, there is no need to change the "Close_positions_at_percentage_of_loss" parameter on each chart. Just open one additional chart, attach this utility and set the desired percentage for closing all trades on the account. The utility has the following function
Trade Copier Global
Laszlo Tormasi
5 (15)
Utilities
Trade Copier Global: The name speaks for itself. This copier allows you to copy orders between MT4 terminals even if they are not installed on the same computer. Features Copying trades between MT4 terminals around the world with a short delay. Automatically recognizes symbol prefixes. Can connect many Slaves to the same Master. Supports pending and market orders. Supports partial order close (with limitations, see below) Can send messages and notifications to the Slaves from the Master Several
Becktester Telegram Signals
Sergey Batudayev
Utilities
Becktester Telegram Signals — Turn Telegram Signals into Real Backtests Automatically read signals from real Telegram channels , parse them (Buy/Sell/Entry/SL/TP), and backtest in MetaTrader 4 Strategy Tester . Verify parsing first with Live Parsing Test Mode . Important Information After purchasing the product, please leave a comment on the product page, and I will send you the Telegram Signal History Parser file. This file is not publicly available at the moment and is provided only to verifi
AW Workpad
AW Trading Software Limited
3.67 (3)
Utilities
AW Workpad is a multifunctional trading control panel designed for manual and semi-automatic trading. It allows you to manage pending orders, market positions, provides a wide range of statistical data, as well as a multi-period analysis of a group of classic indicators. The utility is represented by five tabs: POSITIONS, PENDING, CLOSE, INDICATORS, INFO. Each tab has its own group of functions for processing orders or information about the current market situation. MT5 version ->  HERE  / Prob
EchoTrade Telegram to MT4 Copier
Perpetual Chinemerem Vincent
5 (2)
Utilities
EchoTrade Telegram to MT5 Copier Seamless, Instant, and Reliable Signal Copying - Direct from Telegram to MetaTrader 4! The product does not run in the strategy tester but you can get free trial version   here  for testing before purchase. Tired of manually executing trades from Telegram signals? EchoTrade automates the process, instantly copying trades from any Telegram channel or group directly into your MT5 account—accurately, efficiently, and without delay. Key Features: Universal Compatib
Ultimate Trade Manager plus Mobile by RunwiseFX
Runwise Limited
4.75 (4)
Utilities
Comprehensive on chart trade panel with the unique ability to be controllable from mobile as well. Plus has a library of downloadable configuration, e.g. exit rules, extra panel buttons, pending order setup and more. Please see our product video. Works with all symbols not just currency pairs. Features On chart panel plus controllable from free app for Windows, iPhone and Android Built-in script engine with library of downloadable configuration, e.g. add 'Close All Trades in Profit' button, exit
Close Assistant
Gheis Mohammadi
5 (2)
Utilities
Close Assistant (CA)  is a full featured utility for monitoring and closing a set of positions placed by trader or EA. It closes filtered orders in specified time or level or candle patterns or when a certain profit or loss of the total positions is reached. CA uses Zero Profit Lock function to save deposit when total profit falls to zero. Profit and loss levels can be set in fixed amount of account currency or percentage of balance or equity or margin. CA only monitors and works on filtered po
More from author
TT MACD indicator
Tomislav Turcin
4.67 (9)
Indicators
A classical MACD indicator where both the MACD line and the Signal line are displayed as lines. The difference between MACD and Signal line is displayed as a histogram. A user can change the color and thickness of histogram lines. So, histogram lines can be grouped into four different groups: positive ascending, positive descending, negative descending and negative ascending. Multi-currency Dashboard for the indicator is available  https://www.mql5.com/en/market/product/72354
FREE
TT Range
Tomislav Turcin
Indicators
TT Range – EMA & ATR Channel Indicator TT Range is a trend-following channel indicator built around an Exponential Moving Average (EMA) combined with ATR-based dynamic levels . The core concept is that the EMA acts as a price magnet —when price moves too far away from the average, it has a strong tendency to revert back toward it. The indicator plots adaptive upper and lower levels around the EMA, forming a volatility-based range that adjusts to current market conditions. These levels help trade
FREE
TT Arrows
Tomislav Turcin
Indicators
TT Arrows is a trend based indicator that very succesfully predicts the start of the new trend.  The indicator is working with all trading instruments and in M5, M15, H1 and H4 timeframes. Up arrow signals a good time to enter a bullish trade while down arrow signals a good time to enter a bearish trade. The trade should be taken when the candle that has the arrow is closed. Following this strategy you will have have a high percentage of winning trades. Enjoy!
TT Macd Dashboard
Tomislav Turcin
Indicators
TT MACD Dashboard is multi-time frame and multi-currency market scanner. It is telling you the value of MACD and MACD histogram (a difference between MACD line and Signal line) in a form of small rectangle. If MACD value is above zero (MACD is bullish). Rectangle border color is bullish (Navy by default).  If MACD value is below zero (MACD is bearish). Rectangle border color is bearish (OrangeRed by default). If MACD histogram is rising and above zero (Bullish histogram). Rectangle color is bull
Filter:
ehssan505
59
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.

Tomislav Turcin
7444
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.
Reply to review