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Auto Breakeven RR Simple TradingPanel

The Auto-Breakeven RR Simple TradingPanel EA is a simple and intuitive tool that will be an asset to your trading arsenal.

Have you ever missed the perfect entry because you were busy calculating the lot size?
I have. Many times. Which is why I created this EA to simplify and automate risk management as much as I could.


A true SET AND FORGET tool - execute your trade and walk away to prevent micromanaging your trade. This tool secures the trade at your specified Risk-to-Reward (RR) level.


TradingPanel input fields:

  • Risk percentage - percentage of account balance or account equity to risk
  • Calculated lots - amount of lots that the order will be opened with when Buy/Sell button clicked
  • Stop loss pips - amount of stop loss pips
  • RR 1 : - risk to reward amount used to calculate amount of take profit pips
  • Take profit pips - amount of pips to calculate take profit price
  • Move to BE at 1: - RR at which stop loss is moved to break even


Features:

  • Auto-calculate lot size based on the risk percentage and stop loss input fields. Lot size can also be calculated using Account Balance or Account Equity.
  • Dashed line drawn indicates at which price the stop loss will get moved to break even (see video demonstration of the BE level moving when stop loss is moved manually).
  • Changing risk percentage calculates lots.
  • Changing stop loss pips calculates lots.
  • Changing "RR 1: "  calculates take profit pips.
  • Inputs to set max values for risk percentage, "RR 1: " and "Move to BE at 1: "
  • Inputs to allow calculated lots and take profit pips to be editable or not.
  • Highly customisable graphical object colours (text colour, background colour and border colour) for the window, panel, input fields, buttons and labels.
  • Input values are automatically saved when changing time frames and you close and reopen MT4.


Note:
* enter values in pips and not points
* graphical objects do not work in the strategy tester - only the buy and sell buttons work. Please look at videos attached to see how the features work.


Tip:

* save expert advisor settings after choosing your custom colours so you can load it on different charts


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Victor Christiaanse
5 (11)
Click and Go Trade Manager, the ultimate solution for seamless trading execution. With a simple click on the chart, you can effortlessly define your stop loss, entry price, and target levels. No more hassle of inputting values manually - it's made incredibly intuitive and easy. Embedded risk management is a key feature of our Trade Manager. We understand the importance of protecting your investments, which is why the Click and Go Trade Manager incorporates risk management. When placing orders,
EA for Cycle Sniper Indicator This utility is designed to open/close auto trades according to the Cyle Sniper indicator's signals. Different entry rules  with various stop loss, take profit options can be applied. You will find the details in this blogpost.  https://www.mql5.com/en/blogs/post/749655 Some important issues are explained in the video. Please do not hesitate to contact us if you need further information. IMPORTANT NOTE: You can not test the full functions of the EA on the strategy t
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FTR Multi Timeframe
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The FTR Multi-Timeframe indicator is a versatile tool that can add great value to your trading arsenal. This indicator is intended to be used to add confluence to your already existing trading strategy, such as, breakout & retest, supply and demand, patterns or continuation trading. FTR Multi-Timeframe  is a continuation indicator. Rules  are attached as a screenshot. Settings for Demo/Strategy Tester: Set Server_Time_Filter to false in indicator settings ( IMPORTANT! ). Tick 'Show object desc
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