Trailing Stop and Breakeven Manager
- Utilitys
- Biswarup Banerjee
- Version: 1.0
Product Name: Trailing Stop and Breakeven Management EA
Description:
This EA (Expert Advisor) is designed to set trailing stops and breakeven levels for trades based on input parameters and a magic number in MT5. It can be used to manage trades placed manually or by any other EA. The EA allows customization of various settings to suit your trading strategy.
General Settings:
-
Enable Magic Number (ENABLE_MAGIC_NUMBER): Enable to use a magic number for trades. Set to false for manual trades.
-
Magic Number (MAGIC_NUMBER_INPUT): The magic number for trades.
Breakeven Settings:
-
Enable Breakeven (USE_BREAKEVEN): Enable to activate breakeven.
-
Breakeven Activation (BREAKEVEN_ACTIVATION): The number of pips to move the stop loss to breakeven.
-
BreakEven Extra Pips (BE_EXTRA_PIPS): Additional pips to add to the breakeven level.
Trailing-Stop Settings:
-
Use Trailing Stop Loss (USE_TRAILING_STOP_LOSS): Enable to activate trailing stop loss.
-
Trailing Start (TRAILING_START): The number of pips to activate the trailing stop loss.
-
Trailing Distance (TRAILING_DISTANCE): The number of pips to trail the price by.
-
Increment Trailing Stop Loss (TRAILING_INCR): The increment in pips for the trailing stop loss.
Please note that these settings can be customized based on your trading preferences and risk management strategy.
Important Note:
Before using this EA, it is recommended to thoroughly test it in a demo account to ensure it meets your requirements and functions as expected.
We value your feedback and suggestions! If you have any improvements or ideas for this product, please feel free to comment and share your thoughts. Your feedback helps us enhance the functionality and user experience of our products.
If you find this EA useful, we kindly request you to leave a review and share your experience with others. Your reviews and recommendations are greatly appreciated and encourage us to continue developing high-quality tools for traders like you.
If you have any further questions or need additional assistance, please don't hesitate to ask.