LacusTstopandBE - MetaTrader 5 Expert | MT5 EA Download - MetaTrader 5 Resources
The author of the idea : Lacus 1977 , the author of the mq5 code : Balabashka Kong .
The Expert Advisor is only designed for manual trading. The EA sets stop loss and take profit for positions and pending orders of the current trading symbol. It also has trailing stop and breakeven features.
There are no stop losses and take profits for buy positions. The EA sets preset stop loss and take profit values.
Assume that the price moves in a favorable direction such that the breakeven profit profit point after point x is reached . The EA sets the breakeven point to breakeven x locked profit pips . As the price moves higher, the EA trails the stop at the following prices: After each x point is reached, the trailing stop begins and the trailing stop is followed by the distance of the trailing stop from the current price .
Attachment download
📎 lacuststopandbe.mq5 (38.27 KB)
Source: MQL5 #19776
LacusTstopandBE - MetaTrader 5 Expert | MT5 EA Download - MetaTrader 5 resource usage and screening suggestions
This content can be used as a data entry for foreign exchange EA, indicators, trading systems or quantitative strategies. When reading, it is recommended to make a judgment based on the platform version, trading type, time period, risk control method and historical discussion background. Do not use it directly based on the title or a single point of view.
If the content involves MT4/MT5, ForexFactory, MQL source code, TradingView indicators or strategy discussions, you can give priority to the parameter logic, backtest environment, market stage, execution cost and failure conditions, and then decide whether to continue downloading, reviewing or secondary development.
Risk warning
For any EA, indicator or automatic trading strategy, it is recommended to first conduct historical backtesting, simulation account verification and small capital testing. Grid, Martin, high frequency, recovery and examination strategies especially require setting the account risk upper limit, single variety risk upper limit and manual deactivation conditions.
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