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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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Telegram MT4 Bot This EA is used to CONNECT Telegram BOT to MT4 and use Telegram in various mode for control MT4, This EA can be used in 3 different mode: As PERSONAL SERVER: use for your personal usage only, see your account, make order, check order...  As SERVER: send message of order you make in your MT4 to a Chat in Telegram As CLIENT: copy order that receive from a Chat in Telegram with one or more of this EA as Server in your MT4 PERSONAL SERVER This mode let you use this EA with a graphi
150 USD
Set UP your strategy
Antonis Michos
Welcome. TEST THE EA WITH VISUALIZATION AND CONTROL POINTS     FOR FAST EXECUTION.   LIVE SIGNAL1 LIVE SIGNAL2 ⭐ The specific EA is created for ALL THOSE TRADERS who want the EA to trade in one direction AT A SPECIFIC POINT and to STOP trading at a specific point!!! How the EA works: There are two panels with buttons . ⭕️ 1. One panel at the left of the chart named:" I WANT THE EA TO ACTIVATE". a. There are two buttons which show two lines.One Maroon colored and one Green colored. b.
150 USD
Recover Trader
Antonis Michos
Welcome. Recover Trader can RECOVER either MANUAL or AUTO trades from other EAs. The EA is used in these two signals inside another EA: Signal1 and Signal2 There are THREE OPTIONS FOR RECOVERY: 1. ⭕️ Automatic. The EA will start open trades ,AFTER a specific Drawdown,based on ADX and lower lows or higher highs and will search for partial closing of initial trades that have created a drawdown. 2. ⭕️ Manual Recovery. There is a trading PANEL from which you can OPEN TRADES AT the leve
85 USD
Expert A2SR Reader MT4
Yohana Parmi
Guidance at  https://www.mql5.com/en/blogs/post/738504 ✔️ The EA that reads A2SR for automatic trading.  - - This means that - this EA needs  technical analysis A2SR   to work together  in the same chart. No one can code all people's views completely  of  the market into a single program . * where perfection belongs only to God .   * Positive energy of your review is the strength for me to  continue developing , updating   & upgrading  this EA  - Thank you.  + This EA is made with har
98 USD
Dashboard Super Candle
Wang Yu
提供专业的EA编程服务,推出特色仪表盘EA编程,将您的交易策略自动化,可视化,一个图表管理多个交易货币对,详情查看: http://www.ex4gzs.com  Providing quick Developments and Conversion of MT4/MT5 EAs, Indicators, Scripts, and Tools. If you are looking for an Dashboard EA to turn your trading strategy into auto trading algo and to manage multi trades in one chart with visualizing tool, come and visit http://www.ex4gzs.com/en for more details. 如果产品有任何问题或者您需要在此产品上添加功能,请联系我 Contact/message me if you encounter any issue using the product or need extra featur
100 USD
The Copier MT4
Andrey Barinov
This is a professional trades copier with easy to use interface and fast rock solid execution. It has some unique functionality which is missing in other trades copiers (see details below). It can copy trades between both MT4 and MT5 terminals in any combinations. Supports "One to Many" and "Many to One" copying modes. This product can not be tested in strategy tester. Please, download demo version here:  https://www.mql5.com/en/market/product/36141 Version for MetaTrader5 is available here:
99 USD
Infinity TradeUtility PZ
Evgenii Aksenov
The Utility for managing orders in manual/semi-automatic/automatic modes by INFINITY ProfitZone  indicator signals:  https://www.mql5.com/en/market/product/35484 Our programs: here RECOMMENDATION Symbols     Any pairs: FX, Metals, Coins, CFD, Index Timeframe M15-H4 Minimum deposit   1 00 usd or 100 cents     Promo of Month Buy One --> Get One FREE (Conditions here:  https://www.mql5.com/en/blogs/post/740436 ) Today price   / Next price $125/$149    🏃   🏃   🏃 To test the de
125 USD
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