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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 (4)
Utilitys
Strategy Builder offers an incredible amount of functionality. It combines a trade panel with configurable automation (covert indicators into an EA), real-time statistics (profit & draw down) plus automatic optimization of SL, TP/exit, trading hours, indicator inputs. Multiple indicators can be combined into an single alert/trade signal and can include custom indicators, even if just have ex4 file or purchased from Market. The system is easily configured via a CONFIG button and associated pop-up
TPSpro Trade PRO
Roman Podpora
5 (4)
Utilitys
DEMOVERSION HERUNTERLADEN ANWEISUNGEN -       https://www.mql5.com/ru/blogs/post/758419 IM TESTMODUS             (im Tester) Panel-Funktionalität             NICHT AKTIV       Wir haben lediglich eine visuelle Darstellung des Panels selbst bereitgestellt. Ein Tool, das die Positionsgröße oder das Risiko basierend auf einem bestimmten Stop-Loss-Level sofort berechnen kann, ist sowohl für professionelle als auch für unerfahrene Händler von entscheidender Bedeutung. Das Handelsdienstprogramm TRA
Discord To MT4 Receiver
Levi Dane Benjamin
Utilitys
Kopieren Sie Signale aus jedem Kanal, dem Sie als Mitglied angehören (   ohne die Notwendigkeit eines Bot-Tokens oder Administratorberechtigungen  direkt auf Ihren MT4. Es wurde mit dem Benutzer im Hinterkopf entwickelt und bietet viele Funktionen, die Sie benötigen. Dieses Produkt wird in einer benutzerfreundlichen und visuell ansprechenden grafischen Benutzeroberfläche präsentiert. Passen Sie Ihre Einstellungen an und beginnen Sie innerhalb von Minuten mit der Nutzung des Produkts! Benutzer
Take a Break
Eric Emmrich
5 (26)
Utilitys
The most advanced news filter and drawdown limiter on MQL market NEW: Take a Break can be backtested against your account history! Check the " What's new " tab for details. Take a Break has evolved from a once simple news filter to a full-fledged account protection tool. It pauses any other EA during potentially unfavorable market conditions and will continue trading when the noise is over. Typical use cases: Stop trading during news/high volatility (+ close my trades before). Stop trading when
Ultimate Trade Manager plus Mobile by RunwiseFX
Runwise Limited
5 (3)
Utilitys
Comprehensive on chart trade panel with the unique ability to be controllable from mobile as well. Plus has a library of downloadable configuration, e.g. exit rules, extra panel buttons, pending order setup and more. Please see our product video. Works with all symbols not just currency pairs. Features On chart panel plus controllable from free app for Windows, iPhone and Android Built-in script engine with library of downloadable configuration, e.g. add 'Close All Trades in Profit' button, exit
Equity Protection EA
CARLOS ALBERTO VALLOGGIA
5 (3)
Utilitys
Equity Protection MT4 Allgemeine Merkmale: Volle Kontrolle über die Ergebnisse einer Handelssitzung.- Kontrolliert das Gesamtergebnis für alle Forex-Symbole, Indizes, Metalle, Aktien usw. Die Kontrolle erfolgt über das globale Eigenkapital. Schließen Sie alle Trades auf allen Symbolen, wenn Sie eine Gewinn- oder Verlustrate erreichen. Veränderbare Konfigurationen in Menge und Prozentsatz. Schutz der Ergebnisse durch Trailing Stop Global.- Aufzeichnung der für die Sitzung erzielten Ergebnisse
Price Action Toolkit
LEE SAMSON
4.6 (5)
Utilitys
Das Price Action Toolkit EA ist in erster Linie für Scalper konzipiert, kann aber in allen Zeitrahmen verwendet werden, um schnell in den Markt mit korrekt berechneter Losgröße auf der Grundlage Ihres Stop-Levels einzutreten. Es ermöglicht Ihnen den schnellen Einstieg in Trades (sofort oder bei Kerzenhochs und -tiefs mit Pending Orders) und dann Stops anpassen und Gewinne mitnehmen, wenn sich der Markt bewegt. Für eine vollständige Liste aller Funktionen, Einstellungen und Best-Practice-Strat
AITrade Robot
Yonggang Shang
Utilitys
This is an automated auxiliary trading system, it include risk management, open orders, batch change stop loss and limit price, batch close orders, and it show daily fluctuation, open lots, and realtime profit, so if you want to control your tarding habits, it's the right trading system for you. Risk management ： Maximum opening volume setting Maximum opening margin setting Stop Loss, Limit Price setting Panel include three areas： First Area: Daily Volatility Percentage Realtime Spread Second Ar
Live Orderbook
Sara Sabaghi
Utilitys
On the occasion of the first days of publishing and attracting first customers, a 50% discount $120 for first 10 user (3 license left) Next price is $160 > $200 > $240 Don't forget to send a message after buying (not renting) to add you to our VIP group for free. Live OrderBoook, Another high-level tool by Ziwox Order Book An order book is an electronic list of buy and sell orders for a specific asset, organized by price level. It provides real-time data on market depth, showing the amount o
BBMA Oma Ally Signals Scanner
Moch Ramdhan
1 (1)
Utilitys
BBMA Oma Ally Signals Scanner (BBMA Oma Ally Analyzer Dashboard EA) This is a multi-pair and multi scanner dashboard to find the key signal of BBMA Oma Ally Strategy BBMA consists of the use of 2 indicators: Moving Averages Bollinger Bands BBMA consists of many types of entries: Reentry Extreme Rejection EMA50 GAP (EMA50 to Upper/Lower BB) MHV Full Setup (CSE>TPW>MHV>Direction>Reentry) There are many multi timeframe signals based on this strategy. RRE (Reentry - Reentry - Extreme) REE (Reentry
Riskless Pyramid
Snapdragon Systems Ltd
5 (1)
Utilitys
Introduction This powerful MT4 trade mangement EA offers a way potentially to aggressively multiply trade profits in a riskfree manner. Once a trade has been entered with a defined stoploss and take profit target then the EA will add three pyramid add-on trades in order to increase the overall level of profit. The user sets the total combined profit target to be gained if everything works out. This can be specified either as a multiple of the original trade profit or as a total dollar amount. Fo
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Auto Trailing Stop and Break Even Demo
Fernando Jose Velasco Borea
Utilitys
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
Utilitys
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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