A feature on MT5 that will automatically move the SL to BE when the trade reaches a certain amount of pips or percentage in profit or when it hits the TP
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I already asked about it many times. It could be in EA settings in form like it’s for symbol names i.e: USDJPY=100,EURUSD=200,GBPUSD=300 etc.
That way we can set different BE activation distance for different assets.
I would also propose an BE OFFSET paramter so we can move price to BE price + some pips to cover commisions.
We don’t have this feature yet but we are working to add it.
A work around is the Trailing function where you trigger when you want to move the stop loss to breakeven and set the distance to where you want the SL to be then use a very high step so it is never triggered again.
Example:
buy EURUSD tt=200 td=190 ts=5000
This command will move the stop loss to 10 points in profit once we reach 200 points profit and only move it further if the market moves another 5000 points which by then we will have closed the trade.