StopLoss to BreakEven

This EA will not place any order. It will modify the order if profit is equal to or greater than minimum requirement and move SL to BreakEven.
There are two files. First file for pairs having digits 4 or 5 and second file is for digits 2 or 3 i.e JPY pairs.

SL2BE_Jpy.mq4

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thanks for the good things...

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Thank you for sharing such a good ea. Wait a minute, I'll download the test

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well you guide me what is pair digit 4 or 5 and where i can put these digits please reply i wll wait...

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It seems not bad. but your means is it have to work with another robot?

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thank for sharing this EA ... its very helpfull to chance stoploss setting

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This Expert Advisor (EA) SL2BE.mq4 is a simple tool for managing Stop Loss (SL) orders. It automatically adjusts the Stop Loss to break even (BE) once a specified profit target has been reached.

Let's break down how this EA works:

Initialization: The EA starts with some basic settings and an external input parameter for the number of pips required to move the Stop Loss to the break-even point (BE). By default, this is set to 30 pips.
Start Function: This is the main part of the EA that runs when it's activated. It goes through all open orders and checks if they meet certain conditions to move the Stop Loss to break even.
Currency Pair Filter: The EA first checks if the current currency pair is one of the following: USDJPY, EURJPY, or GBPJPY. If it is, the EA exits and does nothing. This suggests that the EA is designed to work on other currency pairs, excluding these three.
Iterating Through Orders: The EA then iterates through all open orders for the selected currency pair.
Conditions for Moving Stop Loss to Break Even: For each order, it checks the following conditions:

If the order is a sell order (type == OP_SELL) and the Stop Loss (stopPrice) is higher than the opening price (openPrice).
If the current ask price (the price at which you can sell) is less than or equal to (openPrice - BE_Pips * 0.0001). This is used to determine if the profit has reached the specified number of pips to trigger the move to break even.
If the order is a buy order (type == OP_BUY) and the Stop Loss (stopPrice) is lower than the opening price (openPrice).
If the current bid price (the price at which you can buy) is greater than or equal to (openPrice + BE_Pips * 0.0001). This checks if the profit has reached the specified number of pips to move the Stop Loss to break even.

Modifying Orders: If any of the conditions are met, the EA modifies the order. It sets the Stop Loss and Take Profit to the current opening price (which effectively moves the Stop Loss to break even). The order's color is also changed for visual feedback: Red for sell orders and Blue for buy orders.

The primary strategy here is to move the Stop Loss to the break-even point once a certain profit target in pips (BE_Pips) has been reached. This helps to protect the trader's capital in case the market reverses after they are in profit. The EA applies this strategy to all open orders on currency pairs other than USDJPY, EURJPY, and GBPJPY. This means it can be used for risk management in various currency pairs.

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This Expert Advisor (EA) SL2BE_Jpy(1).mq4 is designed to manage Stop Loss (SL) orders for Japanese Yen (JPY) currency pairs. It's a simple tool that moves the Stop Loss to a break-even level when a certain profit threshold is reached.

Here's a description of what this EA does:

Initialization:

The EA is initialized with some settings, including the number of pips (price movements) at which the Stop Loss should be moved to break even (BE). The default is 30 pips.
It allows you to specify the name of the JPY pair to which this EA should be applied. The default is "USDJPY."

Main Function:

The main function of this EA operates when the EA is activated.
It first checks if the current trading symbol (currency pair) matches the specified JPY pair. If it does, the EA proceeds to the next steps.

Loop Through Open Orders:

The EA then goes through all the open orders for the selected JPY pair.
For each order, it checks whether the order is a "sell" (short) or "buy" (long) position.
It retrieves the order's opening price and Stop Loss price.

Moving Stop Loss to Break-Even:

If it's a "sell" order (short position), and the Stop Loss is above the entry price (i.e., in profit), and the current ask price is equal to or below the entry price minus the specified BE pips, the EA moves the Stop Loss to the entry price.
If it's a "buy" order (long position), and the Stop Loss is below the entry price (i.e., in profit), and the current bid price is equal to or above the entry price plus the specified BE pips, the EA moves the Stop Loss to the entry price.

In summary, this EA is designed to manage Stop Loss orders for specific JPY pairs. It identifies open orders, checks their type (buy/sell), and adjusts the Stop Loss to the entry price (break-even) when a certain profit threshold, specified in pips, is reached. This strategy is commonly used by traders to protect their profits and minimize losses in their trades.

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