more trade after break even
Info
The more trade after break even is a Expert Advisor for MetaTrader 4 that the masterpiece of this little ea is the orders count function ,where as we count only the orders that have notstoploss above or equal to its open price for buy and below its open price sell. i short we count all orders that have not been breakeven or trailing stop has not protected its opening price.
Usage
This tool is typically used for automated trading on major forex pairs and gold.
Platform
This Expert Advisor works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Experts folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use more trade after break even
1. Installation: Open the "File" menu, select "Open Data Folder," navigate to MQL/Experts, paste your file, and restart the terminal.
2. Activation: Drag the EA from the Navigator onto a chart, ensure "Allow live trading" is checked in the Common tab, and verify the AutoTrading button is green.
3. Optimization: Right-click your chart, choose "Expert List," click "Properties" to adjust inputs, and save your preferred setup as a set file for future use.
4. Maintenance: Regularly check the "Experts" tab in the terminal window to monitor trade logs and potential execution errors.
Frequently Asked Questions
Q: Why is my EA not opening trades? A: Check the "AutoTrading" button, ensure "Allow live trading" is enabled, and verify your broker allows automated trading on your account type.
Q: Can I run multiple EAs on one chart? A: No, each chart can only host one active EA; however, you can open multiple charts for different currency pairs to run several EAs.
Q: What does the "smiley face" icon mean? A: A smiley face in the top-right corner of the chart indicates the EA is successfully running; a frowny face means it is disabled.
What this tool does
the masterpiece of this little ea is the orders count function ,where as we count only the orders that have notstoploss above or equal to its open price for buy and below its open price sell.
Typical Use Case
This Expert Advisor excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Expert Advisor works on MetaTrader 4. Place the file in the MQL4/Experts folder and restart the terminal.
Description & Settings
Related: Quantora Trade Manager MT4: Advanced Position Management for MetaTrader 4 - another powerful expert for MetaTrader 4 traders.
Also recommended: Quantora Risk Calculator MT4: Professional Trade Risk and Reward Analysis - similar expert with strong performance on MetaTrader 4.
the masterpiece of this little ea is the orders count function ,where as we count only the orders that
have not
stoploss above or equal to its open price for buy and below its open price sell . i short we count all orders that have not been breakeven or trailing stop has not protected its opening price.
through that we make a counter that returns the value that we are going to use to limit our maximum position which in our case we have just set to 1 order at a time
so whenever the breakeven takes place this function will ignore counting it , which by then since we had only one position in this example .. it will return zero and boom we open another sale and the process continues
also this wouldn't be possible if i did not create a break even function ,
try it ??
You may also like: e-signal of trade expert advisor - excellent alternative for expert users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property version "1.00"
#property strict
extern int magicnumber = 11072021;
extern int maximumorders = 1; //maximum number of orders allowed to beopened by this ea
extern int takeprofitpips = 100; //take profit in pips
extern int stoplosspips = 200;
extern int breakevenpips = 10;.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.