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Auto Trailing Stop and Break Even Demo

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 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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4.88 (56)
Painel de negociação para negociação em 1 clique.  Trabalhando com posições e pedidos!  Negociar a partir do gráfico ou do teclado. Usando nosso painel de negociação, você pode negociar com um clique no gráfico e realizar operações de negociação 30 vezes mais rápido do que o controle MetaTrader padrão. Cálculos automáticos de parâmetros e funções que tornam a vida mais fácil para um trader e ajudam-no a conduzir suas atividades de trading com muito mais rapidez e conveniência. Dicas gráficas e
Summer 50% discount ($199 -> $99) Advanced trading tool: One click smart orders that execute under your conditions Developed by trader for trading community:  position size calculator (lot size), open position after price action, strategy builder, set and forget trading, mobile notifications... Risk Management -  Risk percentage position size calculator, gain percentage, target risk reward ratio, spread and commissions are included in calculations 7 Advanced order types   - Set and forget tra
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
News Trapper EA
Noha Mohamed Fathy Younes Badr
4.82 (11)
Hi, all.  News trapper EA It is an expert for trading news very safe expert  Automated Trading on the news of the economic calendar. It shows stable trading during last 10  years. EA doesn't use dangerous technologies like martingale, grid. The Expert is very simple to use. how to install it     read the blog         after purchase contact me to add you to   VIP   channel  The program contains flexible settings for trading on the news of the economic calendar. It cannot be checked in the strat
Trade copier MT4
Alfiya Fazylova
4.52 (29)
Trade Copier é um utilitário profissional projetado para copiar e sincronizar negociações entre contas de negociação. A cópia ocorre da conta / terminal do fornecedor para a conta / terminal do destinatário, instalada no mesmo computador ou vps. Antes de comprar, você pode testar a versão demo em uma conta demo. Versão de demonstração aqui . Instruções completas aqui . Principais funcionalidades e benefícios: Suporta a cópia de MT4> MT4, MT4> MT5, MT5> MT4, incluindo contas "MT5 netting". Os mod
Trade Advisor :   Dominando o gráfico O assistente Ultimate Expert Advisor (EA) para traders profissionais VERSÃO Versão MT4 | Versão MT5 | Blogues O Trade Advisor é um Expert Advisor (EA) sofisticado, mas fácil de utilizar, concebido para elevar a sua estratégia de trading. Ao integrar indicadores de negociação poderosos e capacidades avançadas de gestão de dinheiro, o Trade Advisor garante precisão e eficiência em todas as negociações. Características principais: 1. Zonas
KT Equity Protector MT4
KEENBASE SOFTWARE SOLUTIONS
2.67 (3)
KT Equity Protector EA consistently monitors the account equity and closes all the market and pending orders once the account equity reached a fixed equity stop loss or profit target.  After closing all trading positions, the EA can close all open charts to stop other expert advisors from opening more trading positions. Equity Stop-Loss If your current account balance is $5000 and you set an equity stop loss at $500. In this case, the KT Equity Protector will close all the active and pending
DrawDown Limiter MT4
Haidar, Lionel Haj Ali
5 (8)
Drawdown Limiter EA You are in the right place if you were searching for Drawdown control, Drawdown limiter, Balance protection, Equity Protection or Daily Drawdown Limit related to Prop Firm, FTMO, or Funded account trading, or if you want to protect your trading account. Have you suffered from controlling your drawdown when trading funded accounts? This EA is meant for you. Prop firms usually set a rule called “Trader Daily Drawdown”, and if it is not respected, you are disqualified.  I am an
Eezeorder 2
Tawanda Tinarwo
5 (2)
NEW VERSION!  NB: IF YOU ARE USING A VERY HIGH RESOLUTION MACHINE AND THE EA DISPLAY LOOKS TOO SMALL, CONTACT ME SO I CAN HELP YOU. Open Multiple Trades on MT4 in 1 click at one price. Enter the Lot size Specify the number of trades you want to open Choose whether you want TP SL or Trailing Stop Once you are done, click Buy or Sell Open Multiple Pending Orders on MT4 in 1 click at one price. Enter the Lot size Specify the gap from the current price, where you want to place the pending order Spe
Este Expert Advisor monitora constantemente o patrimônio de sua conta de negociação para evitar saques onerosos e / ou para cumprir as regras de negociação. Quando um determinado conjunto de regras é violado, o EA alertará, fechará todas as negociações e, em alguns casos, excluirá todos os pedidos pendentes. Opcionalmente, ele também pode fechar todos os gráficos para remover todos os EAs operando na conta. Este EA é particularmente útil para Desafios de Negociação Prop, como o Desafio FTMO ou
OrderManager MT4
Lukas Roth
4.63 (19)
Apresentando o OrderManager : Uma Ferramenta Revolucionária para MT4 Gerencie suas operações como um profissional com o novo utilitário Order Manager para MetaTrader 4. Projetado com simplicidade e facilidade de uso em mente, o Order Manager permite que você defina e visualize facilmente o risco associado a cada operação, possibilitando tomar decisões informadas e otimizar sua estratégia de trading. Para mais informações sobre o OrderManager, por favor, consulte o manual. [ Manual ] [ Versão MT5
MT4 To Notion
DaneTrades Ltd
5 (2)
Este programa permitirá que você exporte todas as suas operações da sua conta do MetaTrader diretamente para o Notion usando uma interface de usuário muito amigável.  Versão MT5  |  Guia do Usuário + Demo Para começar, por favor, use o Guia do Usuário e baixe o Modelo do Notion. Se você quiser uma demonstração, por favor, consulte o Guia do Usuário. Não funciona no testador de estratégia! Principais Características Exportar Todas as operações da sua conta de negociação para o seu Notion Exportar
Mentfx Mmanage
Anton Jere Calmes
5 (15)
The added video will show you the full functionality, effectiveness, and simplicity of this trade manager. Drag and Drop Trade Manager. Draw your entry and have the tool calculate the rest. Advanced targeting and close portions of a trade directly available in tool (manage trades while you sleep). Market order or limit order on either side with factored spread. Just draw the entry, the tool does the rest. Hotkey setup to make it simple. Draw where you want to enter, and the stop loss, the tool c
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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 o
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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