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e-moving in wl
Info
The e-moving in wl is a Script for MetaTrader 4 that automated stop loss movement to break eventhis expert advisor is designed to move the stop loss of open positions to the break-even point once they reach a specified profit level. if showcomment is set to true, the advisor will display the current price and stop loss values (price level and points) for each position.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Script works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Scripts folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use e-moving in wl
1. Installation: Move your script file into the MQL/Scripts directory and restart the platform.
2. Execution: Drag the script onto a chart; it will perform a one-time action, such as closing all open orders or clearing chart objects.
3. Editing: Use MetaEditor (F4) to modify code, click "Compile," and verify no errors appear in the terminal before running.
4. Removing: Scripts stop automatically, but you can remove them manually by right-clicking the chart and choosing "Remove Script."
Frequently Asked Questions
Q: How are scripts different from EAs? A: Scripts execute a single action and then stop; EAs monitor the market and trade continuously.
Q: Can I assign a hotkey to a script? A: Yes, right-click the script in the Navigator, select "Set Hotkey," and define your preferred keyboard shortcut.
Q: Why did my script stop? A: Scripts are designed to stop immediately after finishing their programmed command; this is normal behavior.
What this tool does
automated stop loss movement to break eventhis expert advisor is designed to move the stop loss of open positions to the break-even point once they reach a specified profit level.
Typical Use Case
This Script excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Script works on MetaTrader 4. Place the file in the MQL4/Scripts folder and restart the terminal.
Description & Settings
Related: all tf - another powerful script for MetaTrader 4 traders.
automated stop loss movement to break eventhis expert advisor is designed to move the stop loss of open positions to the break-even point once they reach a specified profit level.
Also recommended: extrendv2 indicator: enhanced fractal channel analysis - similar script with strong performance on MetaTrader 4.
if showcomment is set to true, the advisor will display the current price and stop loss values (price level and points) for each position. an example of comments for six positions is shown in the figure.
install the e-movinginwl expert advisor on only one chart. it will automatically manage all open positions. the moment the stop loss is moved to break even can be announced with an audible alert (soundalert=true).
the advisor offers the following configurable parameters:
levelwloss=1 - break-even level in points. this can be set to a positive or negative value.
levelprofit=10 - profit level in points at which the stop loss will be moved to the levelwloss.
showcomment=true - display comments.
soundalert=true - enable sound alerts.
You may also like: trailing step function - excellent alternative for script users on MetaTrader 4.
Source Code
#property copyright "RobotFX"
#property link "https://robotfx.org"
extern int LevelWLoss = 1; // Уровень безубытка
extern int LevelProfit = 10; // Уровень профита
extern bool ShowComment = True; // Показывать комментарии
extern bool SoundAlert = True; // Звук
void deinit() { Comment(""); }
void start()
{
bool fm;.......
⚠ 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.