ea breakeven
Info
The ea breakeven is a Expert Advisor for MetaTrader 5 that eabreakevenis an ea that moves the stop loss to breakeven and simultaneously plays the sound, when the stop loss is changed. ea manages the positions for the current chart currency pair only, i.
Usage
This tool is typically used for automated trading on major forex pairs and gold.
Platform
This Expert Advisor works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Experts folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use ea breakeven
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
eabreakevenis an ea that moves the stop loss to breakeven and simultaneously plays the sound, when the stop loss is changed.
Typical Use Case
This Expert Advisor excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Expert Advisor works on MetaTrader 5. Place the file in the MQL5/Experts folder and restart the terminal.
Description & Settings
Related: breakeven trail manager for efficient trade management - another powerful expert for MetaTrader 5 traders.
eabreakeven
Also recommended: exp breakeven trailing sl - similar expert with strong performance on MetaTrader 5.
is an ea that moves the stop loss to breakeven and simultaneously plays the sound, when the stop loss is changed. ea manages the positions for the current chart currency pair only, i.e. if you attach in on the gbpusd chart, it will manage only gbpusd positions.input parameters
breakeven in points
- profit of the position, when this expert moves the stop loss to breakeven.
breakeven distance in points
- the distance value where the stop loss is set. for example, if the opening price of a short position is 1.9873, and this parameter is set to 5 points, then eabreakeven will change the stop loss to 1.9868.
magic number
- managed orders id. if 0 then ea will manage all the positions for the current symbol.
enable / disable playing sound
- enable/disable audio playback when a break-even occurs.
sound file name
- the name of the sound file in the \sounds folder.
You may also like: e breakeven - excellent alternative for expert users on MetaTrader 5.
Source Code
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⚠ 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.