Move Stop To Breakeven: Free MT4/MT5 Expert Advisor

Overview

Once a trade reaches a user-defined profit distance in points, the EA moves the stop-loss to the entry price or a specified buffer level. It features options to account for swaps and commissions, perform partial position closing, and filter trades by magic number or symbol. The utility includes a graphical control panel and visual trigger lines on the chart for monitoring.

Automatic stop loss adjustment to breakeven

Partial close functionality for profit taking

Swap and commission adjustment for true breakeven

Multi-criteria order filtering and symbol selection

Visual price trigger lines and graphical panel

Details

Author

EarnForex on GitHub

Type

Trade manager

Platform

MetaTrader 4 (MQL4) and MetaTrader 5 (MQL5)

Markets

Any symbol

Timeframes

Any timeframe

Risk profile

No grid, martingale or hedging logic was found in its code or README. That says nothing about how it performs: backtest it first.

EA files

Topics

breakevenexpert-advisorforexforex-marketforex-tradingmetatradermetatrader-4metatrader-5mql4mql5

Source

github.com/EarnForex/Move-Stop-to-Breakeven

Input parameters

Read from MQLTA MT4 Move Stop To Breakeven.mq4. Defaults are the author's; change them in the EA's Inputs tab.

Name	Type	Default	Description
`Comment_1`	`string`	`====================`	Expert Advisor Settings
`DistanceFromOpen`	`int`	`500`	Points of distance from the open price
`AdditionalProfit`	`int`	`0`	Additional profit in points to add to BE
`AdjustForSwapsCommission`	`bool`	`false`	Adjust for swaps & commission?
`PartialClosePercentage`	`double`	`0`	Partial close % (0 = disabled, 1-99)
`Comment_2`	`string`	`====================`	Orders Filtering Options
`OnlyCurrentSymbol`	`bool`	`true`	Apply to current symbol only
`OnlyType`	`ENUM_CONSIDER`	`All`	Apply to
`UseMagic`	`bool`	`false`	Filter by magic number
`MagicNumber`	`int`	`0`	Magic number (if above is true)
`UseComment`	`bool`	`false`	Filter by comment
`CommentFilter`	`string`		Comment (if above is true)

Show all 31 inputs

Name	Type	Default	Description
`EnableTrailingParam`	`bool`	`false`	Enable Breakeven EA
`Comment_3`	`string`	`====================`	BE Trigger Line Display
`ShowBELines`	`bool`	`false`	Show BE trigger price lines
`BELineColor`	`color`	`clrGold`	BE line color
`BELineStyle`	`ENUM_LINE_STYLE`	`STYLE_DASH`	BE line style
`BELineWidth`	`int`	`1`	BE line width (1-5)
`BELabelFontSize`	`int`	`8`	BE label font size
`Comment_4`	`string`	`====================`	Notification Options
`EnableNotify`	`bool`	`false`	Enable notifications feature
`SendAlert`	`bool`	`false`	Send alert notifications
`SendApp`	`bool`	`false`	Send notifications to mobile
`SendEmail`	`bool`	`false`	Send notifications via email
`Comment_5`	`string`	`====================`	Graphical Window
`ShowPanel`	`bool`	`true`	Show graphical panel
`IndicatorName`	`string`	`MQLTA-MSBE`	Indicator name (to name the objects)
`Xoff`	`int`	`20`	Horizontal spacing for the control panel
`Yoff`	`int`	`20`	Vertical spacing for the control panel
`ChartCorner`	`ENUM_BASE_CORNER`	`CORNER_LEFT_UPPER`	Chart Corner
`FontSize`	`int`	`10`	Font Size

How to install it

1Download the sourceUse "Download source (.zip)" above, or clone EarnForex/Move-Stop-to-Breakeven from GitHub, and unzip it.

2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL4/Experts or MQL5/Experts.

3Copy the filesCopy the .mq4 / .mq5 file into Experts, and any .mqh files into the Include folder the code expects.

4Compile in MetaEditorOpen the file in MetaEditor and press Compile. Fix any missing includes the compiler reports.

5Test before you tradeRun it in the Strategy Tester, then attach it to a demo chart and allow algorithmic trading.

Third-party code. ForexR did not write, test or endorse this EA, and the summary above was generated automatically from its README and code. ForexR lists only repositories with readable source code and never hosts files. Read the code, backtest it and use a demo account first; automated trading can lose money quickly.

Similar expert advisors

Trailing Stop On Profit

by EarnForex

This MetaTrader expert advisor functions as a trade manager that automates stop loss adjustments for existing positions. It specifically waits until a trade reaches a user-defined profit threshold in points before initiating a trailing stop. The tool includes flexible filtering options to manage specific symbols, magic

MT4MT5 Trade manager

Updated 3 months ago Apache-2.0 GitHub

Trader Pad

by erlonfs

Trader Pad is a trade management utility for MetaTrader 5 designed to automate position exits and risk control after an entry is initiated. The software handles stop-loss and take-profit placement in ticks, providing advanced trailing stop logic and break-even functionality. It allows users to scale out of positions th

MT5 Trade manager

Updated 4 years ago MIT GitHub

ATR Trailing Stop

by EarnForex

This trade manager for MetaTrader 4 and 5 automatically adjusts the stop-loss levels of open positions using the Average True Range indicator. It allows users to define the trailing distance through a configurable ATR period and multiplier. The expert advisor includes filtering logic to apply the trailing stop only to

MT4MT5 Trade manager

Updated 6 months ago Apache-2.0 GitHub

PSAR Trailing Stop

by EarnForex

PSAR Trailing Stop is a management utility for MetaTrader 4 and 5 that automates the adjustment of stop-loss levels for open positions. Instead of manual movement, it follows the Parabolic SAR indicator values to lock in profits or minimize losses as a trend progresses. The software includes filtering options to target

MT4MT5 Trade manager

Updated 2 years ago Apache-2.0 GitHub

Fractals Trailing Stop

by EarnForex

This expert advisor is a utility for MetaTrader 4 and MetaTrader 5 designed to manage stop-loss levels for existing trades. It utilizes Bill Williams' Fractals indicator to dynamically adjust the stop loss as new fractal points form on the chart. Users can configure the number of bars to scan and specify which fractal

MT4MT5 Trade manager

Updated 1 year ago Apache-2.0 GitHub

Trade Manager for MetaTrader 5

by pTrenzi2005

This visual trade management utility for MetaTrader 5 assists manual traders with order execution and risk management. It features interactive chart lines for entry, stop loss, and take profit levels, allowing for drag-and-drop price adjustments. The system automatically calculates position sizes based on a defined per

MT5 Trade manager

Updated 8 months ago None stated GitHub

Overview

Details

Author

Type

Platform

Markets

Timeframes

Risk profile

EA files

Topics

Source

Input parameters

How to install it

Similar expert advisors

Trailing Stop On Profit

Trader Pad

ATR Trailing Stop

PSAR Trailing Stop

Fractals Trailing Stop

Trade Manager for MetaTrader 5

Need a broker for MT4/MT5?