Quantora Break Even Manager MT4 - Professional Automatic Break Even Utility
Info
The Quantora Break Even Manager MT4 - Professional Automatic Break Even Utility is a Expert Advisor for MetaTrader 4 that quantora break even manager mt4professional automatic break even utility for metatrader 4quantora break even manager mt4 is a professional open-source utility that automatically moves the stop loss of your trades to the break even level once your predefined profit target has been reached. The utility continuously monitors your open positions and automatically protects your capital by moving the Stop Loss to the trade entry price or to a customizable Break Even offset.
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 Quantora Break Even Manager MT4 - Professional Automatic Break Even Utility
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
Quantora Break Even Manager MT4Professional Automatic Break Even Utility for MetaTrader 4Quantora Break Even Manager MT4 is a professional open-source utility that automatically moves the Stop Loss of your trades to the Break Even level once your predefined profit target has been reached.
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.
Quantora Break Even Manager MT4Also recommended: Quantora Trailing Stop Manager: Automatic Stop Loss for MT4 - similar expert with strong performance on MetaTrader 4.
Professional Automatic Break Even Utility for MetaTrader 4
Quantora Break Even Manager MT4 is a professional open-source utility that automatically moves the Stop Loss of your trades to the Break Even level once your predefined profit target has been reached.
The utility continuously monitors your open positions and automatically protects your capital by moving the Stop Loss to the trade entry price or to a customizable Break Even offset.
Designed for Forex, Gold, Indices and Crypto CFD traders, it provides professional trade protection with minimal CPU usage and excellent broker compatibility.
Main Features
Automatic Break Even
Automatically moves Stop Loss to Break Even after your desired profit level is reached.
Adjustable Trigger
Choose exactly how many points your trade must move before Break Even is activated.
Adjustable Break Even Offset
Optionally move the Stop Loss slightly beyond the entry price to lock in a small profit.
Flexible Position Filtering
Manage:
Manual Trades
All Trades
Specific Magic Number
Symbol Management
Current Symbol
All Symbols
Buy & Sell Control
Manage BUY and SELL positions independently.
One-Click Break Even
Apply Break Even instantly to all eligible positions using the Break Even Now button.
Professional Dashboard
Real-time dashboard displaying:
Status
Balance
Equity
Free Margin
Current Symbol
Spread
Account Type
Managed Positions
Floating Profit/Loss
Magic Filter
Break Even Trigger
Break Even Offset
Professional Controls
Start / Stop Manager
Break Even Now
Compatible Markets
Forex
Gold (XAUUSD)
Indices
Crypto CFDs
Advantages
- Open Source
- Low CPU Usage
- Automatic Break Even Protection
- Adjustable Trigger & Offset
- Manual / Magic Number Filtering
- Professional Dashboard
- Broker Compatible
- Error Handling
- Modern User Interface
- Easy Future Customization
Important
This utility does not open trades and does not generate trading signals.
It is designed exclusively to protect existing positions by automatically moving the Stop Loss to the Break Even level after your predefined profit conditions are met.
You may also like: Quantora Position Size Calculator MT4 - excellent alternative for expert users on MetaTrader 4.
Source Code
#property copyright "RobotFX"
#property link "https://robotfx.org"
#property version "1.00"
#property strict
#property description "This code is educational. Feel free to use, modify and upgrade as you wish. Visit ROBOTFX.ORG for professional trading tools"
enum ENUM_Q_SCOPE
{
Q_CURRENT_SYMBOL=0,
Q_ALL_SYMBOLS=1
};.......
⚠ 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.