The Auto Trailing Stop Break Even is a piece software designed for MetaTrader 4 trading platforms and can be found in the MQL5 marketplace. Below we have provided a direct link to the software so that you can see what we are talking about. The software was released on the 4th July 2018. There have been no updates since then, so the current version remains version 1.0.
Auto Trailing Stop Break-Even EA Overview
The Auto Trailing Stop and Break-Even utility software can be used with the MetaTrader 4 platform. It was designed to prevent trades from reaching the take profit and then reverting to stop losses. The tool creates an automatic trailing stop which follows the profitable trade so that when it turns, it will take profits.
You can change a number parameters to customize the software to your trading needs. You can change broker information and broker type. You can change the breakeven configuration. You can decide whether to use breakeven in pips, profits, or profit protection. You can also choose to use trailing stop amounts.
It’s very easy to use. Just three simple steps:
- Put the Expert Advisor where you want to manage the trade automatically.
- Select the parameters you wish to use.
- MetaTrader 4 Auto Trading should be enabled.
Renting this utility costs $35 per month. There is a free demo version available. The demo version is limited to using only the EURUSD and USDJPY pair but all other functions seem to work the same as in the full version.
We could not find any reviews on the website, or anywhere else online, that were specific to this piece of software. We cannot tell if the software works or does what it claims to do because there are no reviews or ratings. We can only recommend that you download the free version and test it before purchasing. This way, you can be certain that it works correctly and you can set it up correctly.
This FX service is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/29243