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Move Stop Loss: MQL4 Code for Sell & Buy Orders

4 min read

A move stop loss to breakeven mql4 code for forex trading helps traders protect their profits by automatically moving their stop loss to breakeven once a predetermined profit level is reached. This code can be used for both buy and sell orders, and can be used to set different levels for each order type. It is important to note that the stop loss must still remain at a logical level, and should not be moved too close to the current price of the asset. By using this code to automatically move the stop loss, traders can protect their profits and keep them from getting wiped out by the market.