LacusTstopandBE
This EA is a trailing stop and break-even utility that manages existing open positions by moving stop losses to breakeven or trailing them as price moves in favor. It does not open trades on its own but instead applies dynamic trailing stop and break-even logic to manually or otherwise opened positions.
Open the interactive view (equity curve, symbol switch)Key facts
Backtest results (H1, about 1 year)
Not backtested yet — this EA could not be converted automatically.
Strategy analysis
This EA functions as a position management utility and does not generate its own trade signals or open positions. Entry conditions are not applicable since it does not execute opening trades; it operates solely on existing positions. Exit conditions are implemented through trailing stop and break-even mechanisms: when price moves favorably by a configured number of points, the stop loss is moved to breakeven; as profit continues to grow, the stop loss trails price at a configured step distance. Position sizing is not managed by this EA, as it only adjusts stop loss levels on already-opened positions. Money management is not within the scope of this EA, which focuses purely on risk protection by locking in profits and limiting drawdown through trailing stops.
Strengths
- Automated stop loss management reduces manual oversight burden
- Break-even feature effectively locks in profits and prevents winning trades from turning into losers
- Flexible trailing stop logic with configurable step and distance parameters
Weaknesses
- Does not open positions on its own and must be paired with another signal source
- Trailing stops may be triggered prematurely during volatile market conditions, causing early position exits
- Lacks spread and slippage filtering, which may lead to suboptimal performance in high-spread environments
Possible improvements
- Add spread and slippage filtering to avoid triggering trailing stops during high-spread periods
- Add position filtering to support selective management by symbol, direction, or profit amount
Risk assessment
Overall risk: Safe
- As a pure utility EA it does not generate trading risk, but incorrect parameter settings may result in stops being too tight or too loose
- Lack of new bar checking may cause multiple stop loss modifications within the same bar, increasing server load
Evaluation scores
Parameters
| Parameter | Default | Description |
|---|---|---|
TrailingStop | 30 | Trailing stop in points |
TrailingStep | 5 | Minimum step to adjust take-profit in points |
BreakEvenAt | 15 | Profit points to trigger break-even |
BreakEvenProfit | 2 | Profit points locked after break-even |
MagicNumber | 0 | Order magic number to manage; 0 manages all orders |
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Backtests are historical simulations and do not guarantee future results. Not financial advice.