This is a break even EA. It moves your stop loss to break even based on pre-set number of pips in profit. You can edit this in the input section. This EA sets breakeven for both manually and auto-opened trades.
Moving stop-loss to a breakeven is popular among traders who wish to safeguard their gains and to let the profits run without incurring a risk of loss. With this EA, you can have your stop-loss orders moved to a breakeven point automatically when a positive price move covers some specific distance. In particular, this expert advisor can detect when the current price is at some specified minimum distance from the trade's open price and move the stop to breakeven (that is; entry point). This is similar to a trailing stop, but instead of continuously trailing the stop, it is moved once to entry point.
INPUT PARAMETERS
Magic Number: Leave it as it is.
OnProfitPips: Sets the value of pips on profit for open trades before your breakeven is activated. Double click on the value to edit it.
