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IPDABreak-even

Break-even

When a filled trade reaches MFE_BREAK_EVEN_PIPS (default 30) of favourable excursion, the service sends one notification telling you to move the stop to entry.

It is advisory. Nothing moves the stop. mt5-trader exposes no position-modification endpoint, so the operator does it in the terminal.

TRACK_OPEN_TRADES=true
MFE_BREAK_EVEN_PIPS=30
TRACKED_TRADE_TTL_HOURS=24

MFE_BREAK_EVEN_PIPS is scaled by PIP_SIZE like every other pip setting — see Hard Targets.

Limitations (deliberate)

  • Excursion is sampled once per POLL_INTERVAL_SECONDS. A spike that touches the trigger and retraces inside one interval is missed.
  • The tracker cannot see a real close, so it infers one when price has travelled the take-profit distance in favour or the stop-loss distance against, or after TRACKED_TRADE_TTL_HOURS. An inferred close is a guess about the broker’s state — the terminal is authoritative.

Persistence

Tracked trades are written to {LOGS_DIR}/open_trades.json and reloaded at startup, so a restart keeps watching, and a trade that was already alerted is not alerted again. Deleting the file while the service is stopped abandons the break-even watch on any trade still open.

Excursion for buys uses the bid; for sells, the ask (the price the position would close at).

When you receive break_even_reached, move the stop-loss to entry in MT5 yourself. The alert fires once per trade and is not repeated, including across a restart.

Last updated on
NotificationsWarmup & Alignment