Auto BE 2 Edition

Auto BE #2 Edition – Trade Exit and ADR Panel Utility (MT4)

Overview

Auto BE #2 Edition is a MetaTrader 4 utility that manages trade exits using automatic stop-loss placement, breakeven protection, and an optional partial-close mechanism.
It also includes an ADR (Average Daily Range) panel that displays market range and volatility data directly on the chart.

The tool helps traders maintain consistent, rules-based trade management whether trading manually or through Expert Advisors.

Main Functions

Automatic Stop-Loss and Take-Profit

• Automatically sets Stop Loss (SL) and Take Profit levels when a position is opened (if not already defined).

• SL and TP are fully adjustable via input settings.

Partial Close Function

• Executes an automatic partial close when price reaches a specified percentage of the TP distance.

• The percentage of lots to close and the TP trigger distance (%) are both configurable through input parameters.

• Designed to work for any lot size ≥ 0.01.

Breakeven Adjustment (Optional)

• Moves Stop Loss to breakeven plus offset once a defined profit threshold is reached.

• Prevents profitable trades from turning negative while allowing continued upside potential.

ADR Panel (Optional)

• Displays real-time market metrics including:

  • Current spread (pips)

  • Average Daily Range (ADR)

  • Daily high-to-low range

  • ADR coverage percentage

• Panel color, position, and layout are fully customizable.

Input Parameters

SL & TP Settings

• StopLoss – Stop-loss distance in pips

• TakeProfit  – Take-profit distance in pips

Partial Close Settings

• PartialTriggerPercent – % of TP distance where partial close is triggered

• PartialClosePercent – % of total lots to close when triggered

Breakeven Settings

• EnableBreakEven – Enable or disable breakeven logic

• BEActivationPips – Profit (in pips) required to activate breakeven

• BEOffsetPips – Offset in pips beyond breakeven level

ADR Panel Settings

• EnableADRPanel – Show or hide the ADR panel

• ADR_Period – Lookback period (days) for ADR calculation

• PanelCorner , PanelX , PanelY – Control panel position on chart

• PanelTextColor – Text color for the panel display

Operating Logic

1. Attach the utility to the chart of the symbol you wish to manage.

2. When a new position opens:

   • SL and TP are automatically applied if not already set.

   • Trade management begins immediately.

3. As price moves in profit:

   • When PartialTriggerPercent of TP is reached, the EA automatically closes the configured PartialClosePercent of the position.

   • Remaining volume continues toward TP with optional breakeven adjustment.

4. ADR panel continuously updates with live data, giving clear insight into market volatility.

Technical Notes

• Minimum supported partial close lot size: 0.01 lots.

• ADR panel can be turned on or off.

• No external DLLs or internet access required.

• Fully compatible with manual or EA-driven orders.

• All calculations and modifications occur within MT4’s native environment.

Support

For assistance, questions, or setup guidance, contact via MQL5 private messages or the product comments section.