Price fell to 1.2500, your stop loss order will now move from 1.2600 to 1.2550 (breakeven, Zero profit locked). Parameters OrdersManage - orders to manage (all orders of all symbols or orders on the current chart). Let's assume the price ATM is at 1.3000 (4 digits) buy with trail stop 10 and trail step 5 As the price reaches 1.3010 my SL would be BE or 1.3005? One way to avoid such situation is to set a trailing stop loss (MT4 platform), but can you advise what is the best method to set trailing stop loss? In the figure above, note that “Breakeven=30” simple means that this expert advisor will move your stop loss to breakeven once 30 pips profit has been achieved. But GBP/USD moves over 100 pips a day! And the bottom of the plunge is where my stop loss is. The sell stop order is a normal stop loss order, which means that a market order to sell the specified number of securities will be issued as soon as the market falls to the stop price or lower. or will it wait for another 5 pips move for the price? You can to get the source code from here . The Breakeven Fallacy . The Utility applies virtual levels to close orders in profit or loss. Power Scalping Free MT4 EA trades automatically & earns stable profit every day without long drawdowns. by 1 pip? If the stock closes at this breakeven point on the expiration date, you should neither gain nor lose money. I just woke up and was about to move my stop to breakeven and the plunge happened. Going back to PURR, the breakeven point is ($45 strike price - $2 premium = $43). Move to stop is working normally. this expert advisor is pretty good…what it does is sets the stop loss to breakeven when “x” amount of pips in profit is achieved. Hi there, thank you for your reply, In the strategy tester photo you sent, it only modified order 3, order 1 and 2 was modified to the initial stop loss only. While a stop order will get you out of the market as soon as it goes below the stop price, it doesn’t guarantee that you get out on the stop price. If the stock price falls below $43, you’ll likely experience a loss. BreakEvenExpert_v1 How it will trail my SL? The largest stop Ned can put on is 10 pips, which is what he does on this trade by putting his stop at 1.5630. You can use the robot to manage manually opened orders or manage orders opened by another EA. ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero Download the most profitable EA for free. ... Dumb move. Download Link. it should have also modified order 1 and 2 to that value of the break even price of the 3 orders. 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