Hi,

Here is a very helpful tool. You will not have to look at your trading platform every few minutes to check if isn`t time to move your stop loss to breakeven.

Luktom Visual Order Editor is an Expert Advisor for Meta Trader which manages your orders.
Functions:
-it closes a part of your position when price reaches defined level
-it moves SL to breakeven or another level if price reaches defined level
-one cancels another.
-trailing stop

Copy the file to Experts then compile, you will see it in Strategies. Click, then General/Enable Trading (every time you use it you must click Enable Trading), then Parameters:

Breakeven: if price reaches a level you want, LVOE will move SL to breakeven.
use_be – true - activates breakeven function,
be_offset - if you want to move SL to breakevent + few or several pips,
default_be_level

Close part: if you want to close a part of your position LVOE will do it.
use_cp - true – activates close part function,
cp_level – when price reaches this level LVOE will close the first part of your position
cp_closedlevel – when price reaches this level LVOE will close the second part of your position, the third … for pending orders you use these two: level and closedlevel. For market orders you use closedlevel only.
cp_lots – how many lots you want to close,

One cancels another:
use_cl – true – activates one cancels another
default_cl_level

Trailing stop:
right click on a SL line. You will see “#1234567 stop loss”, if you want a trailing stop with 20 pips add: ts=20 (without space), you will have “#1234567 stop loss ts=20”
if you want to delete TS, delete “ts=20”

delete_on_deinit – false - you will see the lines after changing a time frame.

If you want to change SL or another line click and move it.
Important - don`t use it in two windows with the same currency pair.
Test it on your demo account. I haven`t testet it on FxPro but I think you should add 0 to SL, BE, TS … because of quotation: FxPro has 1.42684 IVOA is programmed for 1.4268 - I think.

The second is an indicator, it is very helpful if you analyses your past tradings. This indicator marks every your position with a line - red(short), green (long) -from open to close price.

And an interesting lot size calculator.

These EA/indicators are copyrighted. Every member of this forum may copy, use and publish them for free, but if you publish them or if you use the cod or it`s fragments you should enclose this:
* This EA/indicator uses source code or it's fragments created by
* Łukasz Tomaszkiewicz (aka luktom)
* You can find original code on
* http://luktom.biz/

Hi Any,
Thanks for your useful posts i have been following you and other experienced traders here for quite a while now and must admit i have learnt alot from you guys .
Regarding LUKTOM i have tried to download it but it doesnt seem to be working in Fxpro. I went to the website to download the file and saved it in "experts" where it does show in the list but i cant apply it on charts.Is it cuz of the platform or am i doing something wrong?
Thanks in Advance
Bilal

Hi Bilal,

I`am testing LVOE in FxPro now and I see that it works properly. If you have problems, follow me.

1.Copy to Experts (not Experts/Indicators), you will have it in Strategies.
2.Open Strategies, then right click "lutkom visual order editor" choose "modify" and change: extern int default_sl_level=600;
extern int default_tp_level=1000; or choose another levels then save and compile. You will have default_sl_level - 60 pips and default_tp_level 100 pips. You may change them on your chart too.
3.Place an order (buy or sell).
4.Click "luktom visual order editor" - in Strategies.
5.Click "Enable Trading".
8.use_cp - change into "true".
In my example:
cp_lots 1
cp_level 300
cp_closedlevel 300
I opened 3 lots -after the price reached the first level LVOE closed 1 lot, as you see, and when price reaches the next level it will close the next lot.

If you have problems I will try to solve them