Move Stop to Breakeven

[Enivid]

Discuss Move Stop to Breakeven expert advisor here. This free EA provides an automated way to mass-move stop-loss levels to breakeven points for all your trades based on the predefined amount of profit. You can ask any questions about this MetaTrader robot here.

 

[irongolem]

Discuss Move Stop to Breakeven expert advisor here. This free EA provides an automated way to mass-move stop-loss levels to breakeven points for all your trades based on the predefined amount of profit. You can ask any questions about this MetaTrader robot here.

Hi Enivid,
Can you help me with this?
I see that the EA "move stop to breakeven" only works independently for each trade.
I am looking for an EA that can move the stop loss of all open trades to a breakeven after all open trades have reached a total profit in pips (or $) depending on the input.
For example:
Input total profit on pips: 20
And there are 3 open orders as follows:
Buy eurusd 0.01 lot at 1.3300 with stoploss 1.3100
Buy eurusd 0.01 lot at 1.3400 with stoploss 1.3100
Buy eurusd 0.01 lot at 1.3500 with stoploss 1.3100
When the market price reaches 1.3600, the stop loss of the 3 trades will move to the price of 1.3400 (breakeven). There is an additional option to lock the minimum profit pips like the EA Move Stop to Breakeven.
To be more precise, the EA's operating mechanism will be similar to the Indicator break even line as the attached link.
https://www.earnforex.com/metatrader-indicators/Breakeven-Line/
Looking forward to your help
Thank you.

 

[Enivid]

Hi Enivid,
Can you help me with this?
I see that the EA "move stop to breakeven" only works independently for each trade.
I am looking for an EA that can move the stop loss of all open trades to a breakeven after all open trades have reached a total profit in pips (or $) depending on the input.
For example:
Input total profit on pips: 20
And there are 3 open orders as follows:
Buy eurusd 0.01 lot at 1.3300 with stoploss 1.3100
Buy eurusd 0.01 lot at 1.3400 with stoploss 1.3100
Buy eurusd 0.01 lot at 1.3500 with stoploss 1.3100
When the market price reaches 1.3600, the stop loss of the 3 trades will move to the price of 1.3400 (breakeven). There is an additional option to lock the minimum profit pips like the EA Move Stop to Breakeven.
To be more precise, the EA's operating mechanism will be similar to the Indicator break even line as the attached link.
https://www.earnforex.com/metatrader-indicators/Breakeven-Line/
Looking forward to your help
Thank you.

This probably can be added as a feature in the next version of this EA. A minor potential issue I see here is that for some trades, it's the TP that would be set rather than the SL if there is a mix of buy and sell trades.

 

[irongolem]

Thanks for your reply,
I think maybe it should only work to Buy or Sell trades only
If you don't mind, may I ask when there will be an update for this EA?

This probably can be added as a feature in the next version of this EA. A minor potential issue I see here is that for some trades, it's the TP that would be set rather than the SL if there is a mix of buy and sell trades.

 

[Enivid]

Thanks for your reply,
I think maybe it should only work to Buy or Sell trades only
If you don't mind, may I ask when there will be an update for this EA?

There is no fixed term, sorry! Probably, next year.

 

[josephl]

Hi Enivid,

Was wondering if this EA could also have the function of taking partials at a predetermined price and then moving Stop loss to breakeven? Could this be programmed pls?

 

[Oreste.jr]

Hello!
I do risk management by setting my stop at 0.5% of the account value, which is also related to the currency value, regardless of the asset. I would like to know if you intend to add this way of measuring Breakeven value, in addition to the way it is currently determined, in the form of points.

 

[Enivid]

Hello!
I do risk management by setting my stop at 0.5% of the account value, which is also related to the currency value, regardless of the asset. I would like to know if you intend to add this way of measuring Breakeven value, in addition to the way it is currently determined, in the form of points.

The problem is such a line will be relevant only to the current asset. If you have trades in other assets, such lines won't help you to limit your risk to a total of 0.5%.

 

[Oreste.jr]

The problem is such a line will be relevant only to the current asset. If you have trades in other assets, such lines won't help you to limit your risk to a total of 0.5%.

I apologise if I wasn't clear in my question.
I would like to add a value for Breakeven other than points. I would like to determine this value in currency or in %risck. That way I wouldn't have to calculate it.
I haven't tested it yet, but do you have a provisional line for breakeven, as well as for SL and TP?

 

[Enivid]

I haven't tested it yet, but do you have a provisional line for breakeven, as well as for SL and TP?

Provisional line for breakeven? For SL and TP? Sorry, could you please provide an example of what you are talking about?

 

[Oreste.jr]

Provisional or pending lines for Breakeven and if possible that could be adjusted after being launched.

 

[Enivid]

View attachment 30911Provisional or pending lines for Breakeven and if possible that could be adjusted after being launched.

Now I am even more confused. What does Position Sizer have to do with this?

 

[Oreste.jr]

Now I am even more confused. What does Position Sizer have to do with this?

These are the lines I'm talking about. Which the EA helps us to programme our pending orders. It's these lines that I asked if there was any way of incorporating a pending Breakeven line like the ones I already use.

 

[Enivid]

View attachment 30913
These are the lines I'm talking about. Which the EA helps us to programme our pending orders. It's these lines that I asked if there was any way of incorporating a pending Breakeven line like the ones I already use.

Are you making a suggestion for a new feature for Position Sizer?