More Trade After Break Even
This tool for MetaTrader 4 is specifically engineered to streamline your trading operations. This Expert Advisor serves as automated trading software. It is utilized to monitor financial markets and execute trades based on predefined algorithmic rules, enabling precise position management without the need for constant manual oversight.
How to Setup 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.
Description & Settings
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 ??
