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e_Breakeven_v4 - expert for MetaTrader 5

todem | English Русский 中文 Español Deutsch 日本語 Português
Published by:
Vladimir Karputov
Views:
6955
Rating:
(18)
Published:
2018.06.16 10:29
Download as ZIP, How to download code from MetaEditor
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Idea by: Dmitry Tolmachev.

MQL5 code by: Vladimir Karputov.

Assistant EA: It moves the positions to a breakeven, after which trailing is enabled.


It only has three parameters

  • Trailing Stop (in pips) - trailing;
  • Trailing Step (in pips) - trailing step, which is also the level, to which the Stop Loss is moved to a breakeven;
  • magic number - unique identifier for the EA.

Examples below shows how to work with default parameters:

e_Breakeven_v4

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/20636

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The EA compares the opening prices of the zeroth and the second bar. It moves positions to a breakeven and/or enables trailing.

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The EA uses a virtual Take Profit for closing gaining positions. Opening positions with a step. Catch the type of the last position and its price in OnTradeTransaction.

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The Expert Advisor places pending Buy Stop and Sell Stop orders. If orders execute, the trailing stop is run for the positions.

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Two different-period indicators SSL, implemented as a colored cloud.