Technical Indicators for MetaTrader 4

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MetaTrader 4

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Break Even and Trailing Stop EA MT5

break-even-and-trailing-stop-ea-mt5-logo-200x200-2666
50 $38 $

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Information

Utilities
MetaTrader 5
Udeme Anietie Okon
2.0
20

Overview

This EA sets breakeven or breakeven plus and Trailing stops for both manually and auto-opened trades.

To use the breakeven function of the EA, type in the number 3, under BlockID in inputs, when initializing the EA.

To use the trailing stop, type in 2. You cannot use both functions on the same chart.


BEPoffsetPips: Leave it at 0, to use as breakeven. Type in a value in pips, to use as a breakeven plus.


INPUT PARAMETERS

1. Magic Number - 0 (Leave as it is or blank)

2. inp2_OnProfitPips - Pips on profit, before break even is activated.

3. inp2_BEPoffsetPips - Break even point offset.

4. inp3_tStopPips - Distance in pips, before trailing stop is activated.

5. inp3_tStepPips - Trailing step in pips.

6. inp4_BlockID - To turn off one function. Type in 3, to turn off the trailing stop function. Type in 2, to turn off the break even function.


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