MMD Set Break Even

The free MMD Set Break Even script for MT4/MT5 aids active risk management. With one drag-and-drop action, it moves the Stop Loss for all open positions on the active chart to a "break-even plus" level (open price + 10 points), securing a small, fixed profit to create a "risk-free" trade.

Product information

MMD Set Break Even

MMD Set Break-Even Script

Instantly Move Stop Loss to Lock In a Small Profit on All Positions on the Current Chart!

FREE Script for MT4 & MT5 Users: Download MMD Set Break-Even from the "Tools" section on our website. Place it in your Scripts folder to secure your trades with one click.

The MMD Set Break-Even Script is a free and essential utility for active risk management. Its function is simple but critical: with a single drag-and-drop, it moves the Stop Loss for all open positions on the active chart to a "break-even plus" level. This action helps to create a "risk-free" trade by securing a small, fixed profit, allowing you to let your winners run with greater peace of mind.

This script is perfect for traders who want a quick, consistent method to protect their positions once they have moved in their favor, without any complicated inputs or settings.

How to Use

  1. Download the script file from the "Tools" section on our website.
  2. In your MetaTrader terminal, go to File > Open Data Folder.
  3. Place the downloaded script file into the MQL5/Scripts (for MT5) or MQL4/Scripts (for MT4) folder.
  4. Refresh your "Navigator" window in MetaTrader, or restart the terminal. The script will appear under the "Scripts" section.
  5. To execute, simply drag the "MMD Set Break-Even" script from the Navigator and drop it onto the chart of the symbol whose positions you wish to secure.

The script will run once, adjust the Stop Loss on all applicable positions for that symbol, and then remove itself from the chart. The action is instantaneous.

Key Features & Benefits

  • Instant Break-Even + Profit: Automatically moves the Stop Loss of each position to its open price plus a small, fixed profit of 10 points. This immediately makes the trade "risk-free" while locking in a minimal gain.
  • Chart-Specific Action: The script intelligently acts only on the open positions for the specific symbol of the chart it is dropped on.
  • Zero Configuration: This script is designed for speed. There are no input parameters to adjust. The 10-point profit buffer is fixed for consistent and immediate application.
  • Smart Modification: The script will only modify a position's Stop Loss if the new break-even level is an improvement (i.e., it won't move an already profitable SL backwards).
  • Simple Drag-and-Drop Execution: The fastest way to secure all your trades on a given instrument.
  • Completely Free: A fundamental risk management tool available at no cost to all registered users.

Use with Caution: This script performs live trading operations (modifying Stop Loss levels). The action is immediate and irreversible. It is highly recommended to test it on a demo account first to understand its fixed behavior before using it on a live account.

No DLL Required: This script is self-contained and does not require the installation of any external DLL files.

If you have any questions related to this product or need assistance, write to the email address: support@magiconcharts.com.

We will be happy to answer your questions promptly.