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 

Avis 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.

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Filtrer:
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
7432
Réponse du développeur 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.
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