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The Expert Advisor allows manual traders to close positions at breakeven or at a certain profit level (in points) from the breakeven point. The EA does not open trades on its own! However, it manages any orders with a specified magic number or without it and moves them to breakeven as soon as the profit from a breakeven point reaches a specified level in points.
Breakeven point is very important in trading process. Our Expert Advisor considers all symbol parameters when calculating that point, including swaps, spread, order opening prices and their volumes. This is not an easy task in manual trading, and it is better to entrust such a calculation to a breakeven trading robot or a script.
The EA displays the current profit in a specified direction and a calculated breakeven point as a line. Text colors and sizes are set in the settings.
When working in one direction, the EA can delete pending and limit orders after closing the market ones. This feature allows you not to sit at the terminal all the time. The EA notifies of trades being closed by an audio signal.
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CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS, IN GENERAL, ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
Disclaimer - No representation is being made that any Forex account will or is likely to achieve profits or losses similar to those shown on backtests in this forum. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. Hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. All information on this forum is for educational purposes only and is not intended to provide financial advice. Any statements posted by forum members about profits or income expressed or implied, do not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold the MT4talk team and forum members of this information harmless in any and all ways.