Break Even and Trailing Stop EA
- Utilitys
- Udeme Anietie Okon
- Version: 1.4
- Aktualisiert: 26 April 2025
- Aktivierungen: 10
This is a dual function EA. It offers both trailing stop and breakeven-plus(BE+) functions.
This EA automatically moves the stop loss to break-even after a set profit is reached, and then trails the stop loss to lock in more gains as the trade continues. It can apply break-even and trailing stop independently or together, based on selected symbols.
Click "https://www.mql5.com/en/market/product/137383" for the MT5 version of the same EA.
INPUT PARAMETERS
Parameter | Purpose |
---|---|
ENABLE_BREAK_EVEN | Enable or disable Break-Even feature |
BE_SYMBOLS | Symbols to apply Break-Even on |
USE_PIPS_TRIGGER_BE | Use pips (true) or % of TP (false) for Break-Even trigger |
BE_TRIGGER_PIPS | Pips profit before Break-Even activates |
BE_TRIGGER_PERCENT | % of TP reached before Break-Even activates (if not using pips) |
BE_BUFFER | Extra pips added to Break-Even level |
ENABLE_TRAILING_STOP | Enable or disable Trailing Stop feature |
TRAIL_SYMBOLS | Symbols to apply Trailing Stop on |
USE_PIPS_TRAILING | Use pips (true) or % of TP (false) for Trailing trigger |
TRAILING_START_PIPS | Pips profit before Trailing starts |
TRAILING_STOP_PIPS | Distance of Trailing Stop from price (in pips) |
TRAILING_STOP_PERCENT | % of TP where trailing starts (if not using pips) |
TRAILING_STOP_DISTANCE_PERCENT | % distance for Trailing Stop from current price |
TRAILING_STEP | Minimum pips before moving Trailing Stop again |
Note:
- The EA will work even if you've not set stop loss.
- To trail or set break-even based on pips,ypu do not need to set either TP or stoploss.
- To trail or set break-even based on percentage of TP, TP has to be set.