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GRInvest Breakeven Manager mt5

Maximize your trading efficiency with this Breakeven and Trailing Stop Manager, an Expert Advisor (EA) for MetaTrader 5 designed to enhance your risk management by automating breakeven and trailing stop strategies. This EA ensures that you lock in profits and minimize potential losses without constant manual input, giving you more time to focus on market analysis and decision-making.


### Key Features:


- **Automatic Breakeven Adjustment:**  

  The EA automatically moves the Stop Loss to the breakeven level once your position gains a specified number of points. You can customize this activation using the `BreakEvenAfterXPoints` parameter.


- **Configurable Breakeven Offset:**  

  Secure additional profit or cover commissions by setting the Stop Loss a few points beyond breakeven with the `XPointsAboveBE` parameter.


- **Dynamic Trailing Stop:**  

  After breakeven is activated, the trailing stop feature kicks in, adjusting the Stop Loss to follow the market as the position gains further. The trailing stop distance and update frequency are fully customizable with `TrailingStopPoints` and `TrailingStopUpdateInterval`.


- **Real-Time Information Display:**  

  View the current EA settings and open position details directly on your chart for complete transparency. You can toggle this feature on or off using the `ShowInfo` parameter.


- **Easy Integration:**  

  Compatible with any symbol and timeframe on MetaTrader 5, this EA works seamlessly with other EAs or manual trading strategies.


### Input Parameters:

- `BreakEvenAfterXPoints`: (Default: 200) Profit points required to move the Stop Loss to breakeven.

- `XPointsAboveBE`: (Default: 20) Additional points added to breakeven to account for commissions or ensure a slight profit.

- `TrailingStopPoints`: (Default: 350) Distance from the current price for the trailing stop.

- `TrailingStopUpdateInterval`: (Default: 3 seconds) Frequency of trailing stop updates.

- `ShowInfo`: (Default: true) Display or hide EA settings and position information on the chart.


### How It Works:


- **Breakeven Mechanism:**  

  The EA monitors open positions on the current symbol, moving the Stop Loss to breakeven (plus any offset) once the defined profit level is reached.


- **Trailing Stop Mechanism:**  

  When the breakeven level is set and the position gains additional profit equal to `TrailingStopPoints`, the trailing stop will begin following the market, updating every few seconds based on the `TrailingStopUpdateInterval`.


- **Position Management:**  

  The EA efficiently tracks positions to avoid unnecessary reapplications of breakeven or trailing stops, removing closed positions from its active management to optimize performance.


### Benefits:


- **Automated Risk Management:**  

  Protect your profits with automatic Stop Loss adjustments, reducing the emotional aspect of trading.


- **Time-Saving:**  

  The EA manages your trades, allowing you to focus on analyzing new opportunities rather than constantly monitoring active positions.


- **Versatile Application:**  

  Whether you’re scalping, day trading, or swing trading, this EA adapts to your style and integrates smoothly with manual and automated trading strategies.


### How to Use:


1. **Attach the EA to Your Chart:**  

   Open MetaTrader 5, select your desired trading symbol and timeframe, and drag the EA onto the chart.


2. **Configure Input Parameters:**  

   Adjust settings such as `BreakEvenAfterXPoints`, `XPointsAboveBE`, `TrailingStopPoints`, and `TrailingStopUpdateInterval` according to your strategy.


3. **Enable Automated Trading:**  

   Make sure “Algo Trading” is enabled in MetaTrader 5.


4. **Monitor and Let the EA Work:**  

   The EA will manage Stop Loss levels based on your configuration. If enabled, view real-time updates directly on the chart.


### Important Notes:


- **Position Management Only:**  

  This EA does not open or close positions—it only modifies the Stop Loss for existing positions.


- **Testing Recommended:**  

  Test the EA on a demo account to fully understand its functionality before deploying it on a live account.


- **MetaTrader 5 Exclusive:**  

  This EA is designed specifically for use on MetaTrader 5.


### Disclaimer:


Trading carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Use this EA at your own risk and ensure it fits your overall trading strategy.

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Samuel Bandi Roccatello
5 (2)
Utilitaires
Cerberus the Equity Watcher est un outil de gestion des risques qui surveille en permanence la valeur de votre compte et empêche les pertes importantes, qu'elles soient causées par des EA défectueux ou des émotions si vous êtes un trader discrétionnaire. Il est extrêmement utile pour les traders systématiques qui s'appuient sur des EA susceptibles de contenir des bogues ou de ne pas fonctionner correctement dans des conditions de marché inattendues. Cerberus vous permet de définir une valeur min
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MDevaus Oy
5 (14)
Utilitaires
Le gestionnaire UTM est un outil intuitif et facile à utiliser qui offre une exécution rapide et efficace des transactions. L'une des fonctionnalités les plus remarquables est le mode "Ignore Spread", qui vous permet de négocier au prix des bougies, en ignorant complètement les spreads (par exemple, permet de négocier des paires de spreads plus élevés sur LTF, évitez d'être retiré des transactions par spread). Un autre aspect clé du gestionnaire UTM est son copieur de commerce local unique, perm
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Igor Zizek
5 (20)
Utilitaires
-25% discount ($149 -> $111) Everything for chart Technical Analysis indicator mt5 in one tool Draw your supply demand zone with rectangle and support resistance with trendline and get alerts to mobile phone or email alert -  Risk reward indicator mt5 Video tutorials, manuals, DEMO download   here .   Find contacts on my   profile . 1.   Extended rectangles and trendlines Object will be extended to the right edge of the chart when price will draw new candles on chart. This is rectangle extend
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Vyacheslav Izvarin
5 (2)
Utilitaires
ADAM EA Special Version for FTMO Please use ShowInfo= false for backtesting ! Our 1st EA created using ChatGPT technology Trade only GOOD and checked PROP FIRMS  Default parameters for Challenge $100,000 Tested on EURUSD and GBPUSD only  Use 15MIN Time Frame Close all deals and Auto-trading  before Weekend at 12:00 GMT+3  Friday For Prop Firms MUST use special Protector  https://www.mql5.com/en/market/product/94362 -------------------------------------------------------------------------------
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Utilitaires
Grid Manual est un panneau de trading permettant de travailler avec une grille d'ordres. L'utilitaire est universel, possède des paramètres flexibles et une interface intuitive. Il fonctionne avec une grille d'ordres non seulement dans le sens des pertes, mais aussi dans le sens de l'augmentation des profits. Le commerçant n'a pas besoin de créer et de maintenir une grille d'ordres, l'utilitaire le fera. Il suffit d'ouvrir une commande et "Grid Manual" créera automatiquement une grille de comman
VirtualTradePad One Click Trading Panel
Vladislav Andruschenko
4.56 (63)
Utilitaires
Panneau de trading pour trader en 1 clic.   Travailler avec des positions et des commandes!   Trading à partir du graphique ou du clavier. Avec notre panneau de trading, vous pouvez exécuter des transactions en un seul clic directement depuis le graphique et effectuer des opérations de trading 30 fois plus rapidement qu'avec le contrôle MetaTrader standard. Les calculs automatiques des paramètres et des fonctions rendent le trading plus rapide et plus pratique pour les traders. Des conseils grap
Unlimited Trade Copier Pro MT5
Vu Trung Kien
4.73 (11)
Utilitaires
Unlimited Trade Copier Pro MT5 is a tool to copy trade remotely to multiple MT4, MT5 and cTrader accounts at different computers/locations over internet. This is an ideal solution for you if you are a signal provider and want to copy your trades to other receivers globally on your own rules. One provider can copy trades to multiple receivers and one receiver can get trade from multiple providers as well. The provider can even set the subscription expiry for each receiver, so that receiver will n
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4.5 (10)
Utilitaires
Clôture des positions dans MetaTrader 5 après avoir atteint le bénéfice/perte total avec la fonction de suivi des bénéfices.   FermerIfProfitorLoss with Trailing Vous pouvez activer les   arrêts virtuels (ordre séparé)   , calcul et clôture des positions   ACHAT et VENTE séparément (ACHETER VENTE séparé)   , fermeture et calcul de   tous les symboles ou du symbole courant uniquement (Tous les symboles)   , activer le suivi pour le profit (   Trailing   Profit) Les positions sont fermées sur la
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MEETALGO LLC
4.33 (36)
Utilitaires
The top-selling EAs on the market cost a lot and one day they are suddenly gone. This is because one strategy will not work in the forex market all the time. Our product is unique from all others in the MQL Marketplace because our EA comes with 34+ built-in indicators that allow develop strategies every time.  You build your strategy and keep updating it. If one strategy does not work, simply build another all using only one EA. This is All-In-One EA   in this market place. You can use as trade
PZ Trade Pad Pro MT5
PZ TRADING SLU
Utilitaires
Effortlessly calculate lot sizes and manage trades to save time and avoid costly errors The Trade Pad Pro EA is a tool for the Metatrader Platform that aims to help traders manage their trades more efficiently and effectively. It has a user-friendly visual interface that allows users to easily place and manage an unlimited number of trades, helping to avoid human errors and enhance their trading activity. One of the key features of the Trade Pad Pro EA is its focus on risk and position managem
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MONTORIO MICHELE
5 (13)
Utilitaires
ATTENTION the expert does not work in strategy tester, for a trial version visit my profile. Manual RiskGuard Management   RiskGuard management was born with the idea of ​​helping traders from their initial journey to becoming expert and aware traders. Compatible with any operating system whether Mac or Windows. The operations panel is integrated into the graph giving the possibility to choose size and position between right and left, while the various buttons light up when they can be used,
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Utilitaires
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