Forex Trading has seen a significant surge in popularity in recent years. As a result, numerous trading tools have been developed to support traders in their pursuit of profit. One tool that has garnered attention is the OnPips Break Even EA. This Forex Software is designed to optimize Forex trades for profit by moving the stop-loss to break even once a certain number of pips in profit is reached.

Functionality of OnPips Break Even EA

OnPips Break Even EA operates by setting a breakeven for both manually and auto-opened trades. It utilizes a system where it detects when the current price is at a specified minimum distance from the trade’s open price. Upon recognizing this, it moves the stop to breakeven (i.e., entry point). This strategy is similar to that of a trailing stop, but instead of continuously tracking the stop, it moves it once to the entry point.

Benefits of Using OnPips Break Even EA

With Forex trading being a high-risk venture, traders are constantly looking for strategies to minimize potential losses. By implementing OnPips Break Even EA, a trader can safeguard their gains and let the profits run without incurring a risk of loss. This is achieved by having stop-loss orders moved to a breakeven point automatically when a positive price move covers a specific distance.

Input Parameters

The functionality of OnPips Break Even EA is based on two primary input parameters: Magic Number and OnProfitPips. The Magic Number should be left as it is, while OnProfitPips sets the value of pips on profit for open trades before your breakeven is activated. You can edit this value by simply double-clicking on it.

Independent Testing and Updates

For those interested in exploring the capabilities of OnPips Break Even EA further, independent testing of this product can be found on the forexroboteasy.com website. Updates on the results of testing this product are also available to those who subscribe.

FAQ

What is the primary function of OnPips Break Even EA?

OnPips Break Even EA is a Forex Trading tool designed to move the stop-loss to break even after a pre-set number of pips in profit. This is done for both manually and auto-opened trades.

How does OnPips Break Even EA minimize potential losses?

By automatically moving stop-loss orders to a breakeven point when a positive price move covers a certain distance, OnPips Break Even EA allows traders to safeguard their gains and let the profits run without the risk of loss.

Where can I find independent testing results for OnPips Break Even EA?

Independent testing results for OnPips Break Even EA can be found on the forexroboteasy.com website. You can also subscribe to receive updates on these results.

We invite readers who have used OnPips Break Even EA to share their experiences. This will help others in understanding the practical benefits and potential drawbacks of this Forex Trading tool. Remember, this is an independent product review, and your honest feedback is highly appreciated.