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.