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Auto Trailing Stop and Break Even

If you want to test the functionality of this tool, you can do it trough a DEMO version, that is restricted to work only on EURUSD and USDJPY currency pairs. To obtain it, please visit the following link: https://www.mql5.com/en/market/product/29594

This EA was originally coded as a back up tool for my personal trades as all of us (Or at least the ones who have left an order open and went to sleep) have experienced the frustration that involves waking up, check the trades and see that in some of them the price almost hit the Take Profit but it went back all the way to Stop Loss.

After discussing the idea with several traders, they encouraged me to make a commercial version of this tool as it can be useful to a lot of traders, so, I made the tool.


Parameters

Broker Type Parameters:

  • Broker Information: Informative parameter.
  • Broker type: To select the type of broker the user is using. To know this, count the amount of digits after the decimal point on EURUSD currency pair, and then, select the amount counted.

Break Even Parameters:

  • Break Even Configuration: Informative parameter.
  • Use Break Even: To activate or deactivate Break Even function.
  • Break Even in Pips: Amount of pips in profits to activate Break Even.
  • Use profit protection: To activate or deactivate Profit Protection function.
  • Profit Protection in pups: Amount of pips to be locked in profits once the Break Even is activated.

Trailing Stop Loss Parameters:

  • Trailing Stop Loss Configuration: Informative parameter.
  • Use Trailing SL: To activate or deactivate Trailing Stop Loss function.
  • Trailing Step: Amount of pips that the system will move the Stop Loss each time.
  • Trailing Start: Amount of pips in profits required to activate the Trailing Stop Loss. This will work as a Break Even function too, so if used, it is recommended to deactivate Break Even to see optimal behavior.

This is a tool to manage the Stop Loss level on MANUAL trades that the user takes, it is NOT an automatic trading system.


How to use this tool

  • Put the Expert Advisor on the chart where you have the trade that you would like to manage automatically.
  • Choose the parameters that you would like to use.
  • Make sure that you have the Auto Trading enabled on MetaTrader 4.
  • And that's it.


Recommendations and clarifications

  • Use VPS to have a better behavior.
  • You have to use an instance of this tool on each chart where you want to use it.
  • Readjust the parameters each time you have a new trade, in that way, you will see better results, as typically each trade has its own characteristics.
  • If you run this tool in the Strategy Tester, it will open a Buy and a Sell order at the same time. This is simply to visualize how the tool moves the Stop Loss.


Quick disclaimer

Please pay attention when you set the configuration of this tool, specially on the type of broker you trade on. To know if it is a 4 or 5 digit broker, open EURUSD pair and count the amount of decimals that it has. If it has 4 numbers counting from the point, then it is a 4 digit broker (for example, 1.2345, as you can see, it has 4 numbers after the decimal point) and if it has 5 numbers counting from the point, then it is a 5 digit broker (for example, 1.23456, as you can see, it has 5 numbers after the decimal point). The configuration of this parameter is very important because if it doesn't match with your broker, it can lead to wrong behavior of this tool.

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MT4 Strategy Builder( 'StratBuilder')は、MT4プラットフォームで実行されるグリッド取引注文管理ユーティリティです。 この製品は、MT5プラットフォームでも利用できます:https:// www.mql5.com/en/market/product/33178 StratBuilderを24時間年中無休で実行できるように、仮想プライベートサーバー(VPS)をMQL5からレンタルし、トレーダーのコンピューターのセットアップをVPSに移行することを強くお勧めします。 独自のStratBuilderコンセプト: 取引のバスケットは所定の価格レベル(シンボルおよび取引方向ごとにリングフェンス)で開かれ、口座残高またはエクイティの目標パーセンテージ利益が達成されたときに利益確定が発生し、その時点ですべてのポジションが同時に閉じられ、取引が開始されます。 YouTubeの紹介ビデオを見るには、次のリンクを選択してください。 https://www.youtube.com/watch?v=K7f3pomk_ug 以下のリンクをクリックして、いくつかのシンボルのサン
340 USD
StarseedFX Smart Trading Tool
StarseedFX Smart Trading Tool
Mohamed Elsayed
What Exactly Is A Smart Trading Tool? Smart Trading Tool was developed for fast and comfortable trading of the financial markets especially for ORDER BLOCKS TRADERS . It provides traders functionalities, such as: A Drawing Tool One-Click Trading Panel Automated Lot Sizes Calculation based on your risk appetite & Money Management ( Watch this video , how this tool can help manage your risk per trade better!) Built in PRICE LEVELS (Fibonacci, Round Numbers, Daily hi-low, etc) Shows Trading Informa
125 USD
Best Price Method for MT4
Best Price Method for MT4
Eduardo Kipper
This Panel is also an Expert Advisor with manual and automatic order submission. Full Dashboard. That was the way i found to concern my main enemy, anxiety.  Don't be little, study, analyze, adapt this method to your own style, understand, feel the market before you take any decision. Here, in many times, do nothing, it is also a strategy.  Beyond the manual, semi-automatic and automatic mode of operation, we will see almost 300 robots which road the market 24h a day tirelessly.  All robots hav
250 USD
Ultimate Trailing Stop EA
Ultimate Trailing Stop EA
BLAKE STEVEN RODGER
This EA Utility allows you to manage (with advanced filtering) unlimited open orders (manual or EA) with trailing stops based on 14 methods: fixed, percent, ATR Exit, Chandelier Exit, Moving Average, Candle High Low Exit, Bollinger Bands, Parabolic, Envelope, Fractal, Ichimoku Kijun-Sen, Alligator, Exit After X Minutes or Bars. The trailing stop can be either real or virtual, and you can exit fully or with a partial close percent on touch or bar close. Visualize all orders and their trailing sto
100 USD
Telegram To MT4 Copier
Telegram To MT4 Copier
Trinh Dat
SPECIAL LAUNCH PROMO Only price 119$ till 2021.09.30, full price is 149$. The product will copy all signal from telegram ( include private channel,  public channel and group   which you are member   ) to MT4, also it can work as remote copier.  Easy to set up Work with almost signal formats Work with Image signal Copy order instant Auto detect symbol Work as remote copier: with signal have ticket number, it will copy exactly via ticket number. Parameters Input Chat ID of Telegram Signal: Aft
119 USD
All Symbols Trading Panel
All Symbols Trading Panel
Satyam Shivam
All Symbols Trading Panel is one of the most advanced and revolutionary trading panels available for MT4. It's highly efficient and user friendly interface allows you to place market orders as well as pending orders for all currency pairs from a single panel. Also, the panel shows the current live Ask and Bid prices on the panel itself. So, the user doesn't needs to check the prices on a different terminal. Everything required for placing an order, be it a market or a pending order, can be done
100 USD
Trading Planner Semi Automated EA
Trading Planner Semi Automated EA
Yohana Parmi
Semi Automated EA for working as your trading assistant. Overview Trading planner will make you act like professional traders in real markets. Before entering markets, they make a plan for their trades, screening out all opportunities in all time frames. Trading Planner can be used for all Time Frames (M1 ~ MN). Simply draw trendline as a trend and Support/Resistance . At this version , market opportunities will be taken by trendline using strategy of 1, 2, 3 . Simply draw the trendline by defin
143 USD
News Trader Pro
News Trader Pro
Vu Trung Kien
News Trader Pro is a unique robot that allows you to trade the news by your predefined strategy. It loads every piece of news from several popular Forex websites. You can choose any news and preset the strategy to trade it, and then News Trader Pro will trade that news by selected strategy automatically when the news comes. News release gives opportunity to have pips since the price usually has big move at that time. Now, with this tool, trading news becomes easier, more flexible and more exciti
299 USD
Market Pressure Dashboard
Market Pressure Dashboard
Chantal Sala
Market Pressure Dashboard is a new generation utility. Its main function is to assist you and give you operational ideas optimizing your analytical work. Using this utility you could monitor a lots of financial instruments (max 28 symbols FOREX) in a very simple way. The Market Pressure indicator allows you to customize the internal list of the symbols to be monitored. The opening function and position management with this panel will be much more comfortable and navigation charts very powerful.
100 USD
R Levels Trade Manager
R Levels Trade Manager
Snapdragon Systems Ltd
Introduction The SDS_TradeManager EA is a powerful EA designed to manage your positions once you have been filled. It basically works a break-even stop and also a trailing stop where the trigger levels and trail levels are all specified in "R's", that is to say multiples of the initial trade risk. Many successful professional traders think about all their trades and profit taking in terms of multiples of the initial risk R. So for example, if your initial risk on your trade is 50 pips and you w
100 USD
AntiMartingale Execution
AntiMartingale Execution
EMILIANO LOVATO
AntiMartingale-Execution is a pyramidal Money Management system capable of increasing positions as equity increases using the positive margin of the transaction. It is possible to set the capital for each operation, the operating and maximum margins and the target level to be reached. Once the general trade settings have been made, it is possible to preview the grid of operations that will be activated by pressing the BUY / SELL button. If necessary, it is also possible to close all operations
339 USD
KL 4X Lab
KL 4X Lab
Krzysztof Lorenc
The 4X Lab is a next generation software that massively helps professional traders take full control on chart, alerts and orders. Control your trading intuitively, easily and precisely. Place orders using four unique methods, all in accordance with Risk Management, all doesn't require specific skills. Are you confused by Expert Advisor panels occupying half size of the chart? A lot of unwanted information? Too much information on the chart can cause sensory overload. When you suffer from sensory
240 USD
Ichimoku Waves Meter vm EN
Ichimoku Waves Meter vm EN
Ichimoku sp z o.o.
「一目均衡表」の専門的な使い方は、一目均衡表を正しく解釈してグラフを分析することです! はトレーダーが価格グラフ上の指定された点間の比率を素早く簡 単に測定できるようにするグラフィックプログラムです。この時間と価格の指標は、MT4 プラットフォームの一目の戦略に従って図表を分析するための基本的なツールです。この ツールを使用すると、 非常に短期間での価格波だけでなく、時間波の洞察に満ちた完全な 分析も可能になります。分析の実行に費やされる労力は、エクセルを使用して実行される 同様の測定および計算と比較して、何度も最小限に抑えられます。指標は、一目均衡表戦 略を使用するトレーダーの知識と経験、およびそれらの期待を考慮して設計されています。 提示されたツールは私たちの仕事の結果です。 指標のモジュール構造により、論理的な順序で分析を実行できます。このプロセスは過去 の波に関するデータを収集することから始まり、それが将来の市場の動きを計算するため の基礎となります。 計算で考慮されるデータは、予測の正確さにとって非常に重要です。 この操作は最小限に抑えられ、即座に測定値が得られます。 この測
299 USD
Crypto Market Pro
Crypto Market Pro
Daniil Kurmyshev
New opportunities for analyzing cryptocurrency in the usual MetaTrader 4. For example : We select the symbol of the cryptocurrency and attach any indicators, Expert Advisors or scripts. Startup Mode View cryptocurrency; Data collection. Capabilities Work as with a standard currency chart; Automatic update of open charts; Selection of individual cryptocurrency for updating; Selection of individual timeframes for updating; Work on the desired timeframes; Open charts do not affect the work of C
499 USD
Active Lines for MT4
Active Lines for MT4
Yury Kulikov
Attention: Demo doesn't work in terminal. Active Lines - a powerful professional tool for operations with lines on charts. Active Lines provides a wide range of actions for events when the price crosses lines. For example: notify, open/modify/close a position, place/remove pending orders. With Active Lines you can assign several tasks to one line, for each of which you can set individual trigger conditions, as well as conditions for re-activations and the number of possible activations. Activ
120 USD
WaltSoft Trade Manager
WaltSoft Trade Manager
WaltSoft
Calculates the Lot Size for a given Percent Risk and places the order with SL and TP with a click of a button. Locks in your profits on auto-pilot   with a Set Break Even function and/or   several Trailing Stop Loss methods. Drag and position your Stop Loss and Take Profit before placing the actual order. Close trades with a click of a button. Works with Market Orders, Instant Orders, Pending Stop Orders and Pending Limit Orders. Works on any instrument:  Forex, Bonds, Futures, Indices, Commodi
129 USD
FiboPlusWaves
FiboPlusWaves
Sergey Malysh
FiboPlusWave Series products Ready-made trading system based on Elliott waves and Fibonacci retracement levels . It is simple and affordable. Display of the marking of Elliott waves (main or alternative option) on the chart. Construction of horizontal levels, support and resistance lines, a channel. Superposition of Fibonacci levels on waves 1, 3, 5, A Alert system (on-screen, E-Mail, Push notifications).    Features: without delving into the Elliott wave theory, you can immediately open one of
360 USD
Assistant 23 in 1 PRO
Assistant 23 in 1 PRO
Makarii Gubaydullin
専門の助手:便利な取引のための23の用具を含んでいます 重要 :プログラムファイルは、"専門家"ディレクトリに配置する必要があります! 詳細な説明 主な機能: I.新しいポジションを開く: 1.ロットサイズ計算+注文の便利な配置。 2. リスク/報酬比の計算+可視化。 3. 保留中の"OCO"注文での本格的な作業で、異なるIdを指定する可能性があります(保留中の注文が実行されるとすぐに、同じIDを持つ残りの注文は自動的に II.取引を終了または変更する: 4. 取引の特定のカテゴリを閉じる。 5. 自動損益分岐を設定します。 6. 取引の部分的な閉鎖。 III.貿易統計と市場分析: 7. 選択した期間のためのあなたの取引の詳細な統計。 8. 取引のための最良および最悪の日を見つけるために、ポジションが開かれた曜日の分析。 9. 詳細な市場情報+価格行動分析。 IV.取引ツールと指標: 10. パターンの視覚的な構成の可能性を持つ価格行動指標。 11. 将来のバーインジケータ。 12. バーの終了までのカウントダウ
100 USD
Gravitational semiautomatic EA
Gravitational semiautomatic EA
lizhi fu
Hello everyone! First of all, I will analyze the important issues of stability for foreign exchange! Pure manual problems:  1, people's energy is limited 2, emotions can not be controlled 3, trading points can not be controlled. Various reasons cause losses! Semi-smart advantages: 1, avoid the above problems, and achieve the perfect combination of people and machines, controlled by their own! 2, you can instantly open the button when there is direction, you can ambush in advance when there is
298 USD
作者のその他のプロダクト
Auto Trailing Stop and Break Even Demo
Auto Trailing Stop and Break Even Demo
Fernando Jose Velasco Borea
If you want to test the functionality of this tool, you can do it trough this DEMO version, that is restricted to work only on EURUSD and USDJPY currency pairs. Full version is available here: https://www.mql5.com/en/market/product/29243/ This EA was originally coded as a back up tool for my personal trades as all of us (Or at least the ones who have left an order open and went to sleep) have experienced the frustration that involves waking up, check the trades and see that in some of them the
FREE
Advanced Pending Orders
Advanced Pending Orders
Fernando Jose Velasco Borea
This EA facilitates sending multiple orders simultaneously. It also facilitates a function designed to be executed in a specific hour, ideal to facilitate its operation during the night, allowing to schedule positions while we are not next to the graph. The system can send direct orders at the market price or pending orders, speeding up the execution of operations with multiple Take Profit as well as controlling the Slippage of each order. The parameters of the system are: •          Broker Info
30 USD
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