Managing trades effectively means not simply getting into on the proper time — however understanding methods to defend your income. One of the vital fundamental and highly effective instruments for that’s the Break Even cease loss.
On this article, we’ll stroll you thru methods to use the free utility Break Even Helper for MetaTrader 4 and MetaTrader 5, and clarify how it may be prolonged utilizing superior instruments like Sensible Trailing Cease Supervisor.
✅ What’s Break Even Helper?
Break Even Helper is a light-weight utility designed for MetaTrader 4 and MetaTrader 5. It mechanically strikes the Cease Loss (SL) to the entry worth as soon as a commerce reaches a selected revenue degree.
It is a non-trading instrument: it doesn’t open or shut positions. It merely modifies present open positions when your revenue reaches the configured degree.
⚙️ The best way to Use It
1. Set up
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Obtain the .ex5 (or .ex4 ) file from the MQL5 Market.
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Open MetaTrader → File → Open Knowledge Folder → MQL5 (or MQL4) → Consultants → Paste file.
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Restart MetaTrader and discover the utility within the Navigator.
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Drag it onto any chart.
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Ensure Algo Buying and selling / AutoTrading is enabled.
2. Enter Parameters
| Parameter | Description |
|---|---|
| EnableBreakEven | Turns the break-even operate ON or OFF |
| ProfitPoints | The variety of factors in revenue wanted to set off breakeven |
| Creator / Contact | Informational solely; no exterior contact is required |
For instance, if ProfitPoints = 1000 and also you enter a BUY order, as soon as the worth strikes 1000 factors (10 pips in a XAUUSD 3-digit dealer), the utility will transfer your SL to the entry worth.
🧠 Solely orders on the present chart image are monitored.
🎯 Who Is This For?
Break Even Helper is right for:
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Merchants who desire a minimal break-even instrument
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Customers who handle trades manually
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Merchants combining a number of instruments and want secure SL adjustment
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VPS customers who need low useful resource consumption
🔒 Limitations of Break Even Helper
Whereas it really works effectively for a fundamental breakeven operate, it doesn’t embrace:
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Trailing Cease capabilities
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SL offset after breakeven
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Auto Cease Loss for unprotected trades
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Partial shut logic
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Image filters or Magic Quantity filtering
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Dashboard visualization
💡 Need Extra? Attempt Sensible Trailing Cease Supervisor
In the event you’re in search of a extra superior answer, the premium instrument Sensible Trailing Cease Supervisor expands considerably on what Break Even Helper provides.
It helps:
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✅ 7 trailing cease modes (ATR, Threat:Reward, MA, Swing, SAR…)
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✅ Break-even with offset
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✅ Auto SL for unprotected trades
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✅ Partial shut based mostly on revenue
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✅ Image filter and MagicNumber management
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✅ Visible dashboard to watch logic in real-time
⚠️ It additionally doesn’t open trades — solely manages them safely.
This makes it ultimate for:
You could find each MT4 and MT5 variations straight on the MQL5 Market.
🧪 Closing Ideas
In the event you’re beginning out and simply want a dependable strategy to defend income — Break Even Helper is a strong first step. It’s free, clear, and simple to make use of.
However should you’re buying and selling significantly and wish higher threat management, exit automation, and scalability throughout property, Sensible Trailing Cease Supervisor is value contemplating.
📌 Notes
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Each instruments are totally compiled (no supply code), with no DLL or WebRequest utilization.
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Suitable with all brokers, ECN or commonplace.
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Could be run on VPS.
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Ensure just one occasion is hooked up to at least one chart at a time.
Let your technique breathe, however defend your income well.
👉 Set up Break Even Helper to start out merely — and improve to Sensible Trailing Cease Supervisor whenever you’re prepared.
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## 🔗 Associated Merchandise
• Sensible Trailing Cease Supervisor for MT5
• Sensible Trailing Cease Supervisor for MT4
