Using an MT4/MT5 Script to Move Stop-Losses to Breakeven

Summary

The document explains a MetaTrader script that moves the stop-loss on one or more positions to the breakeven price. Breakeven is described as the opening price, where the trade’s profit is zero. Setting a stop at that level is presented as a way to keep an open trade from turning into a loss while leaving room for further gains.

The main practical benefit is handling several positions without adjusting each stop-loss manually. The document gives no configuration details, execution examples, performance evidence, or discussion of how costs such as spread and commissions affect realized breakeven. Its description is therefore conceptual: traders should not assume that a stop at the entry price guarantees a zero net result or that the script suits every position or trading plan.

Key ideas

• Breakeven is the opening price at which a trade has zero profit before costs.
• The script can adjust stop-losses for one or more positions.
• Moving a stop to entry is intended to prevent a trade from moving into loss while it remains open.
• Automating adjustments can reduce the effort of managing multiple positions.
• The document does not explain costs, settings, or execution behavior.

Tags

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