Automating Work with Break-Even

Automatically moving to break-even forexHello, fellow forex traders! Many of us use moving a position to break-even (moving the stop-loss to the order's opening price) to protect our positions from unexpected market moves. After all, after moving the stop-loss to the break-even level, we will lose nothing if the market suddenly moves against us. And the trade still retains profit potential.

But it is not always convenient to move the stop-loss manually, and when working with forex advisors that place many orders, it is also physically difficult. Specially for advanced work with automatic moving of position stop-losses, our forum member ApMSoft created the ShowMeBe utility.

Expert Advisor Characteristics

Platform: Metatrader 4
Expert advisor version: 1.4
Currency pairs: any
Timeframe: any
Operating time: around the clock

Please note that although the utility is presented as an expert advisor, the robot DOES NOT OPEN positions, it only modifies orders that have already been opened manually or by other expert advisors.

Installation

ShowMeBe is installed according to the standard instructions.

Using the Expert Advisor and Description of Settings

Download ShowMeBe

Download button

Important! Installation nuances in newer Metatrader 4 builds

Forum thread (don't forget to thank the author)

Best regards, Andrey aka topepo241 TradeLikeaPro.ru

Many of us use moving a position to break-even (moving the stop-loss to the order's opening price) to protect our positions from unexpected market moves.