How do I break even automatically?

Hi

Is there a way to break even let's say after a certain amount of pips that you have made, can the stop loss move automatically to break even?

I am demo trading in the 4 hr TF and would like to place two orders one I would put the order to take profit at let's say 20 pips and I would be out with a 20 pip gain.

The other order I would like if the stop loss could move automatically to break even, after a certain amount of pips that way I can't loose, but will let it ride and see it it will make more pips. If it retraces back then it will hit my stop loss and I would break even with no loss.

This is an expert it will do what you have asked, enjoy.

thank you Ozmacca

Do I put it in the expert advisor folder? and is it used?

This is an Expert, so put in Expert folder.
Open MT4, locate in Expert advisor section, drag onto chart.
under "Common" Tab check "Allow live Trading" box.
Under inputs tab set it up how you want, works Ok I use it.
ps : This EA was created by Mauro so credit to him/her not me
I think that is all, try on demo when market open you will soon work it out.
HTH

thank you again.

and thank you Mauro

Hi Oz

do you know if there's an expert that close part of a trade at certains levels?

I mean for example: I open a 1 lot trade I want to close 0,5 after 25 pips

thank you

Hi,

does this work on more than one trade on the same price?

Thanks