With “Equidistant Channel” EA you can draw Equidistant Channel on the chart and trade with price breakthrough or trend,has 3 buttons for manual trading and allows to predetermine trailing stoploss & take profit, open and close all trades at once.

USEMOVETOBREAKEVEN system functions like a stop loss

But a one-time function with a smaller value than the subsequent Stop Loss value to lock minimal profit and avoid loss if the price goes against you.

If you have reached a certain value of pips with the direction of the trade –

WHENTOMOVETOBE – When to move break even (values: 10-100).

So how many pips would you like to move the stop loss above the price line of the open trade-

PIPSTOMOVESL – How much pips to move stop loss (values: 10-100).

Inputs

Use_TP_In_Money– Use Take Profit In Money (values:true/false).
TP_In_Money– Take Profit In Money (values: 10-100).
Use_TP_In_percent- Use Take Profit In Percent (values:true/false).
TP_In_Percent– Take Profit In Percent (values: 10-100).
Enable_Trailing-Enable_Trailing with money (values:true/false).
Take Profit In Money (in current currency) (values: 1-100).
Stop Loss In Money(in current currency) (values: 1-100).
USESTOP – Enable automatic “STOP” function (values: 0-1).
Lots – Lots size (values: 0.01-10).
MaximumRisk – maximum risk from total margin in %, (values: 0.01 – 0.3).
If “MaximumRisk =0” then “Lot=constant”
DecreaseFactor – decrease from total margin if you lose a trade.
TrailingStop-set a value from 10 to 100 to activate trailing stop loss & take profit, “0” will not activate trailing stop loss.
Stop_Loss – Stop Loss (values: 10-100).
MagicNumber – Magic number (values: 1-100000).
TakeProfit – Take Profit (values: 10-100).
NumberOfTrades-Number Of Trades(values: 1-10).
IF YOU USE ONLY 1 TRADE:
//////////////////////////////////////////////////
TrailingStop-set a value from 40 to 100 to activate trailing stop loss & take profit, “0” will not activate trailing stop loss.
USEMOVETOBREAKEVEN – Enable “no loss” break even system (values: 0-1).
WHENTOMOVETOBE – When to move break even (values: 10-100).
PIPSTOMOVESL – How much pips to move stop loss (values: 10-100).
///////////////////////////////////////////////////////

Alternative: DreamBot - Fully working trading robot - EA MetaTrader 4

Equidistant Channel – expert for MetaTrader 4

📈 ROBOTFX MetaTrader Expert Advisors and Indicators to maximize profits and minimize the risks

Similar MetaTrader Trading Tools:

MQL Plus Enhanced Debugging… Features Features three domains of functionality. - Debugging, Tracing and Performance measurments - Simple to use "Print any variable" to…
MetaCOT 2 CFTC ToolBox (Set of… Contents GENERAL PROVISIONS Brief description Installing the libraries and indicators Several indicators in one window Exporting CFTC reports to CSV…
Function library and Experts for… The algorithm for maintaining and closing a position is known to be almost more important that the rules for opening…
Local Timezones and Local… Hello, traders. This library has all the functions to get the current local time in a specific or all Forex…
MACD Sample - EA MetaTrader 5 The MACD Sample EA is included in the standard pack of the MetaTrader 5 client terminal and is an example…
AUTO PIVOTS for MT5 - indicator… Pivots are well known price action indicator . #property link " #property version "1.00" #property indicator_plots 0 #property indicator_chart_window #property strict…
Visual Order Processing - EA… Order_EA is a simple visual oriented program that uses drag & drop scripts to control order processing. Take Profit and…
$Creating fractals in MQL5 using the Iterated Function Systems (IFS) - EA MetaTrader 5$
Creating fractals in MQL5 using… Introduction There are many programs, allowing the creation of self-similar sets, defined by Iterated Function System (IFS). See, for example,…