Breakeven v3
This EA is a breakeven/trailing stop utility that automatically moves the stop loss of open positions to the breakeven price once a specified profit threshold is reached. It does not open any trades itself but manages existing positions by protecting profits through breakeven and optional trailing stop functionality.
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
The core concept of this EA is profit protection rather than trade signal generation. Regarding entry conditions, the EA does not open any trades itself; it only monitors the floating profit of existing positions. For exit conditions, when a position's floating profit reaches the user-defined breakeven trigger level, the EA moves the stop loss to the entry price plus a small offset (breakeven offset), effectively making the trade risk-free. In terms of position sizing, this EA does not make any lot size decisions as it only manages stop loss levels of existing positions. For money management, the EA indirectly protects capital through the breakeven mechanism, preventing winning trades from turning into losers. Additionally, the EA likely supports an optional trailing stop feature that continues to follow price movement after breakeven is achieved, locking in progressively more profit.
Strengths
- Effectively protects existing profits by preventing winning trades from becoming losers
- Flexible and adjustable parameters allow users to customize breakeven trigger and offset levels
- Does not open trades itself, making it compatible with any strategy EA for combined use
- Supports magic number filtering for precise management of positions from specific EAs
- Optional trailing stop after breakeven further locks in profit as price moves favorably
Weaknesses
- A very small breakeven offset may still result in a net loss after accounting for spread and commissions
- As a pure utility it generates no trade signals and must be paired with another strategy EA
- Does not account for overnight gaps or slippage during extreme market conditions
- Setting the breakeven trigger too early limits profit potential, while too late reduces its protective value
- Lacks a visual dashboard, making it difficult for users to intuitively monitor breakeven status
Possible improvements
- Add a visual information panel displaying breakeven status and current floating profit for each position
- Incorporate automatic spread and commission calculation to ensure true net profit after breakeven
- Add time filter functionality allowing users to specify trading sessions during which breakeven operations are executed
Risk assessment
Overall risk: Safe
- An insufficient breakeven offset may not cover trading costs, resulting in a net loss even after breakeven is triggered
- During extreme market conditions, stop loss orders may experience slippage and fail to execute at the expected price
Evaluation scores
Parameters
| Parameter | Default | Description |
|---|---|---|
BreakevenTrigger | 30 | Profit points threshold to trigger breakeven |
BreakevenOffset | 2 | SL offset from entry price at breakeven in points |
TrailingStop | 0 | Trailing stop in points, 0 means no trailing |
TrailingStep | 5 | Minimum step size for each trailing stop movement |
MagicNumber | 0 | EA magic number for trade identification |
ApplyToSymbol | true | Whether to manage positions of current chart symbol only |
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Backtests are historical simulations and do not guarantee future results. Not financial advice.