Break-Even and Trailing Stop Plugin

This plugin can move the stop loss of all the open positions to the user-defined break-even value in pips with respect to the entry price of each position, and it can also activate a trailing stop loss for all the open positions, which will trail at a user-defined distance in pips from the current price. It is possible to activate both the Break-Even and Trailing Stop features, or either one or the other.

Example when both the Activate Break-Even checkbox and the Activate Trailing Stop checkbox are checked: If the Break-Even Trigger in Pips parameter is set to 10 and the Break-Even Value in Pips parameter is set to 0, the the stop loss will be set at the position's entry price once it reaches 10 pips in profit. If the Trailing Stop Trigger in Pips parameter is set to 30 and the Trailing Distance in Pips parameter is set to 50, the stop loss will then start trailing once a profit of 30 pips is reached, at a distance of 50 pips from the current price.

Example when only the Activate Break-Even checkbox is checked: If the Break-Even Trigger in Pips parameter is set to 15 and the Break-Even Value in Pips parameter is set to 2, the stop loss will be set at the position's entry price + 2 pips in profit once it reaches 15 pips in profit.

Example when only the Activate Trailing Stop checkbox is checked: If the Trailing Stop Trigger in Pips parameter is set to 15 and the Trailing Distance in Pips parameter is set to 20, the stop loss will start trailing once a profit of 15 pips is reached, at a distance of 20 pips from the current price.