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
Trade manager · MT4 · MT5
Single Breakeven
Single Breakeven is a trade management tool for MetaTrader 4 and 5 that monitors multiple open positions on a single symbol.
GitHub stars4
Forks1
Last update1 year ago15 Sep 2025
LicenceApache-2.0
Latest release1.011 year ago
Overview
When the aggregate profit in account currency reaches a user-defined threshold, the expert advisor moves the stop loss of all included trades to a calculated breakeven price. It supports filtering by magic number, comment, or trade direction. The tool can account for swap and commission costs and includes an on-chart panel to enable or disable the management function manually.
- Aggregate currency profit trigger for stop loss adjustment
- Optional accounting for swaps and commission costs
- Flexible trade filtering by magic number and comment
- Alert system supporting mobile, email, and terminal notifications
- Graphical on-chart control 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.
Topics
breakevenexpert-advisorforexforex-marketforex-tradingmetatradermetatrader-4metatrader-5mql4mql5
Input parameters
Read from SingleBreakeven.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
Comment_1 | string | ==================== | Expert Advisor Settings |
ProfitCurToTrigger | int | 100 | Total profit in currency to trigger single BE |
AdditionalProfitCur | int | 0 | Additional profit in currency for single BE |
AdjustToPrice | ENUM_ADJUST_TO | ADJUST_TO_BID | Adjust single BE to which price? |
DelayBetweenAdjustments | int | 60 | Delay (sec) between adjustments |
AdjustForSwapsCommission | bool | false | Adjust for swaps & commission? |
Comment_2 | string | ==================== | Orders Filtering Options |
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 25 inputs
| Name | Type | Default | Description |
|---|---|---|---|
EnableTrailingParam | bool | false | Enable Breakeven EA |
Comment_3 | 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_3a | string | ==================== | Graphical Window |
ShowPanel | bool | true | Show graphical panel |
ExpertName | string | SBE | Expert 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/Single-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.
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