🔹 Auto BE #2 Edition – Trade Exit and ADR Panel Utility (MT4)

Overview

Auto BE #2 Edition is a MetaTrader 4 utility that manages trade exits using automatic stop-loss placement, breakeven protection, and an optional partial-close mechanism.

It also includes an ADR (Average Daily Range) panel that displays market range and volatility data directly on the chart.

The tool helps traders maintain consistent, rules-based trade management whether trading manually or through Expert Advisors.

Main Functions

Automatic Stop-Loss and Take-Profit

Automatically sets Stop Loss (SL) and Take Profit levels when a position is opened (if not already defined). SL and TP are fully adjustable via input settings.

Partial Close Function

Executes an automatic partial close when price reaches a specified percentage of the TP distance.

The percentage of lots to close and the TP trigger distance (%) are both configurable through input parameters.

Designed to work for any lot size ≥ 0.01.

Breakeven Adjustment (Optional)

Moves Stop Loss to breakeven plus offset once a defined profit threshold is reached.

Prevents profitable trades from turning negative while allowing continued upside potential.

ADR Panel (Optional)

Displays real-time market metrics including:

• Current spread (pips)
• Average Daily Range (ADR)
• Daily high-to-low range
• ADR coverage percentage

Panel color, position, and layout are fully customizable.

Input Parameters

SL & TP Settings

• StopLoss – Stop-loss distance in pips
• TakeProfit – Take-profit distance in pips

Partial Close Settings

• PartialTriggerPercent – % of TP distance where partial close is triggered
• PartialClosePercent – % of total lots to close when triggered

Breakeven Settings

• EnableBreakEven – Enable or disable breakeven logic
• BEActivationPips – Profit (in pips) required to activate breakeven
• BEOffsetPips – Offset in pips beyond breakeven level

ADR Panel Settings

• EnableADRPanel – Show or hide the ADR panel
• ADR_Period – Lookback period (days) for ADR calculation
• PanelCorner, PanelX, PanelY – Control panel position on chart
• PanelTextColor – Text color for the panel display

Operating Logic

• Attach the utility to the chart of the symbol you wish to manage.
• When a new position opens, SL and TP are automatically applied if not already set.
• Trade management begins immediately.
• When PartialTriggerPercent of TP is reached, the EA closes the configured PartialClosePercent of the position.
• Remaining volume continues toward TP with optional breakeven adjustment.
• The ADR panel continuously updates with live data.

Technical Notes

• Minimum supported partial close lot size: 0.02 lots
• ADR panel can be turned on or off
• No external DLLs or internet access required
• Fully compatible with manual or EA-driven orders
• All calculations occur within MT4’s native environment

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