Quantora Break Even Manager MT5 - Automated Stop Loss Protection
Info
The Quantora Break Even Manager MT5 - Automated Stop Loss Protection is a Expert Advisor for MetaTrader 5 that quantora break even manager mt5professional automatic break even utility for metatrader 5quantora break even manager mt5 is a professional utility that automatically moves the stop loss of your trades to the break even level after a predefined profit has been reached. Instead of manually protecting profitable trades, this tool continuously monitors your open positions and automatically secures them by moving the Stop Loss to the entry price (or with an adjustable offset).
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 Quantora Break Even Manager MT5 - Automated Stop Loss Protection
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 MT5Professional Automatic Break Even Utility for MetaTrader 5Quantora Break Even Manager MT5 is a professional utility that automatically moves the Stop Loss of your trades to the Break Even level after a predefined profit has been reached.
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: Quantora Trade Manager MT5: Advanced Position Management - another powerful expert for MetaTrader 5 traders.
Quantora Break Even Manager MT5Also recommended: Quantora Position Size Calculator MT5: Professional Risk-Based Lot Size Calculation - similar expert with strong performance on MetaTrader 5.
Professional Automatic Break Even Utility for MetaTrader 5
Quantora Break Even Manager MT5 is a professional utility that automatically moves the Stop Loss of your trades to the Break Even level after a predefined profit has been reached.
Instead of manually protecting profitable trades, this tool continuously monitors your open positions and automatically secures them by moving the Stop Loss to the entry price (or with an adjustable offset).
Designed for Forex, Gold, Indices and Crypto traders, it provides reliable risk management while maintaining low CPU usage and full broker compatibility.
Main Features
Automatic Break Even
Automatically moves Stop Loss to Break Even after the specified profit level is reached.
Adjustable Trigger
Choose exactly how many points of profit are required before Break Even is activated.
Break Even Offset
Move Stop Loss directly to the entry price or slightly beyond it to secure a small profit.
Flexible Position Filtering
Manage:
- Manual trades
- All positions
- Specific Magic Number
Symbol Filter
- Current Symbol
- All Symbols
Buy & Sell Management
Manage BUY and SELL positions independently.
One-Click Break Even
Use the Break Even Now button to immediately move eligible trades to Break Even.
Professional Dashboard
Displays:
- 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 Filters
- Broker Compatible
- Professional Dashboard
- Modern User Interface
- Error Handling
- Easy Future Customization
Important
This utility does not open trades and does not generate trading signals. Its only purpose is to automatically protect your existing positions by moving the Stop Loss to the Break Even level once your predefined conditions have been met.
You may also like: Quantora Risk Calculator MT5 - Professional Trade Risk and Reward Calculator - excellent alternative for expert users on MetaTrader 5.
Source Code
#property copyright "RobotFX"
#property link "https://robotfx.org"
#property version "1.01"
#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"
#include <Trade/Trade.mqh>
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.