Using an Expert Advisor to Manage Stops, Targets, and Breakeven

Summary

This document describes an Expert Advisor intended to support manual trading on the current symbol. It can attach stop-loss and take-profit levels to open positions and pending orders, close positions or the whole book after profit thresholds are reached, and optionally use hidden stop and target values. Its trailing-stop feature begins after a configured favorable move and keeps the stop a chosen distance from the current price. A breakeven feature moves the stop to entry, or to a specified amount of locked-in profit, after a separate profit threshold is reached.

The example walks through a long position: the tool first adds preset protection, then moves the stop to breakeven as the trade gains and trails it as price continues upward. The document explains settings and intended behavior, but provides no test results or evidence that any setting improves outcomes. The tool manages exit orders; it does not provide entry signals or establish suitable parameter values. Its behavior also depends on configured thresholds and trading conditions, which the description does not analyze.

Key ideas

• The Expert Advisor manages stops and targets for positions and pending orders on the current symbol.\nProfit thresholds can trigger closure of an individual position or all positions.\nTrailing stops follow price after a configured favorable move.\nBreakeven logic can move a stop to entry or lock in a specified gain.\nThe document describes controls but offers no performance testing or guidance for choosing settings.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.