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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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5 (1)
ADAM EA Special Version for FTMO  Our 1st EA created using ChatGPT technology Trade only GOOD and checked PROP FIRMS  Default parameters for Challenge $100,000 Tested on EURUSD and GBPUSD only  Use 15MIN Time Frame Close all deals and Auto-trading  before Weekend at 12:00 GMT+3  Friday For Prop Firms MUST use special Protector  https://www.mql5.com/en/market/product/94887 ---------------------------------------------------------------------------------------------------------------------------
News Trader Pro
Vu Trung Kien
4.41 (17)
News Trader Pro é um robô único que permite a negociação com notícias pela sua estratégia pré-definida. Ele carrega pedaços de notícias de vários sites populares de Forex. Você pode escolher qualquer notícia e programar a estratégia para negociar, então o News Trader Pro vai operar com essa notícia através de uma estratégia selecionada automaticamente quando a notícia for publicada. As notícias dão a oportunidade de ter pips desde que o preço tenha um grande movimento com a publicação. Agora, co
The Expert Advisor will help you forward all pop-up alert with screenshot from  MetaTrader 4 to Telegram channel/ group, also forward all notifications to Telegram. Parameters  -  Telegram Bot Token - create bot on Telegram and get token.  -  Telegram Chat ID  - input your Telegram user ID,  group / channel ID  -  Forward Alert - default true, to forward alert.  -  Send message as caption of Screenshot - default false, set true to send message below Screenshot  How to setup and guide  - Telegram
Gann Model Forecast
Kirill Borovskii
5 (1)
I present to your attention a powerful utility for predicting the future movement of an asset based on W.D. Ganna’s law of vibration. This utility analyzes the selected market model and provides codes for future possible market movement patterns. If you enter the selected code into the appropriate box, you will receive a forecast of the potential market movement. The utility has the ability to display several potential forecast models. The forecast is not yet tied to time and price and gives th
Live Bot Maker
Nabeel Zafar
5 (4)
Let Your Ideas Earn For You. Convert your Ideas and Strategies in to automated trading bots directly on MT4. Visual Strategy Builder with Instant Results on the chart. This One of a kind strategy builder, allows you to specify rules and visually see the signals based on those rule as you create them. Visit the link for Group, User Manual, Video Examples Why Use LBM LBM is an essential tool for traders of all levels. It allows traders to create strategies quickly and easily, and to test th
TPSpro Trade PRO
Roman Podpora
5 (4)
NO MODO TESTE (no testador), a funcionalidade do painel NÃO ESTÁ ATIVA. Fornecemos apenas uma representação visual do próprio painel. Uma ferramenta que possa calcular instantaneamente o tamanho da posição ou o risco com base em um determinado nível de stop loss é fundamental tanto para traders profissionais quanto para iniciantes. O utilitário de negociação TRADE PRO fornece cálculos rápidos e precisos, ajudando você a tomar decisões em condições de tempo limitado e maior volatilidade do merc
Copie sinais de qualquer canal do qual você seja membro (   sem a necessidade de um Token de Bot ou Permissões de Administrador  diretamente para o seu MT4. Foi projetado com o usuário em mente, oferecendo muitos recursos que você precisa Este produto é apresentado em uma interface gráfica fácil de usar e visualmente atraente. Personalize suas configurações e comece a usar o produto em minutos! Guia do Usuário + Demo  | Versão MT5 | Versão Telegram Se quiser experimentar uma demonstração, vá
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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
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
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