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Partial Close EA

2.67

The most simple and easy to use Partial Close EA (by Rimantas Petrauskas)

The main idea of this EA is to apply partial close to your positions. EA will automatically find your open market positions and apply partial close according to your settings.

For those who do not know what Partial Close is: it is simply an action to close only a part of your position. For example, if your trade lot size is 1.2 and you close 25% of it (which is 0.3) you will still have 0.9 lot size trade running and existing bank profits from that 0.3 lot size that was just closed. This action obviously can be performed manually, but if you want to program your MT4 to do this for you then you need "Partial Close EA".


How to use Partial Close EA?

The EA should be attached to a separate chart on your MT4 and it will apply partial close to all trades selected by magic number or trade number. The EA will see the trades of that currency pair (instrument) that it is attached to. By default the EA will apply partial close to any market order on the currency pair (instrument) it is attached to. The EA can also be applied to non-Forex pairs/instruments like Indices, Commodities, etc. For this you might need to use CustomPipSizes option (read explanation below).


Partial Close EA Inputs

  • ManageMagicNumber — This tells the EA to apply partial close to trades only with certain magic number you choose. If this value is set to zero, the EA will manage only manually opened trades. If you set this to -1 (negative one), the EA will manage all of the trades running on the account (default value).
  • ManageTradeNumber — This tells the EA to apply partial close only to the trade number specified. This will also make the EA ignore the ManageMagicNumber option.
  • ManageTradeWithComment - This tells the EA to apply partial close only to those trades that have a specified text in "trade comment". If you set this parameter to "777", it will manage trades that have "trade comment" like "1777" or "777" or "777565, but not "7737" or trades with no "trade comment" at all.
  • PartialCloseCount — This tells the EA to apply partial close X times. Set this to zero to disabled Partial Close option.
  • PartialCloseOnHoldPips — This tells the EA to start partial close when trade reaches X pips in profit. Zero means EA will start applying partial close at the first target (PartialCloseStepPips). If this option is set to 50 pips and PartialCloseStepPips=20 pips, then EA would wait for the trade to reach profit of 50 + 20 = 70 pips to close the first part of the trade.
  • PartialCloseStepPips — This tells the EA to apply partial close each X pips in profit. If this option is set to 20 pips and PartialCloseCount=3, then EA will apply partial close 3 times every 20 pips. This means TP1 = 20 pips, TP2 = 40 pips and TP3 = 60 pips.
  • PartialCloseStepPercent — This tells EA to close X% of the trade. Percentage of the lot size is counted from the initial lot size.
  • PartialCloseBreakEvenAfter — This indicates after how many partial closes EA should move stop loss to a break-even point (open price + few pips to cover commission expenses). Zero value means no break-even will be applied.
  • CustomPipSizes — I have added this option because there are no standard pip sizes for indices and other non-Forex pairs between brokers. This option allows you to override the pip size that the EA will detect automatically. In 99% cases EA will work fine on all Forex pairs, but for non-Forex pairs you might notice that pip size is different between brokers. For example NAS100 with one broker might be quoted with 1 decimal and another broker might quote it to 2 decimals. Here is an example how to enter in a comma separated list of custom pip sizes: XAUUSD=0.1,XAGUSD=0.01,WTI=0.1
  • For those who are using EA on a non-Forex pairs please set the CustomPipSizes option correctly according to your broker settings. Sorry, I am unable to help you setting this option, because each broker might need different value.
  • SlippageClosePips — This is the slippage setting EA will use to exit the market (close the trade). Note that not all brokers use this and this will be ignored by your broker on ECN accounts. If you do not know what that is, simply leave it as is.


Author

Rimantas Petrauskas, programmer, software engineer, algorithmic Forex trader.

Bewertungen 20
darktideac2
247
darktideac2 2016.04.06 19:26 
 

Great program! Other scale out EA's I have tried worked only on attached chart and you had to set timeframe manually and cost 10x as much as this one.

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-25% discount ($149 -> $111) Everything for chart Technical Analysis indicator mt4 in one tool Draw your supply demand zone with rectangle and support resistance with trendline and get alerts to mobile phone or email alert -  Risk reward indicator Video tutorials, manuals, DEMO download   here .  Find contacts on my   profile . 1.   Extended rectangles and trendlines Object will be extended to the right edge of the chart when price will draw new candles on chart. This is rectangle extender or
The Expert Advisor will help you forward all pop-up alert with screenshot from  MetaTrader 4 to Telegram channel/ group, also forward all notifications to Telegram. Parameters  -  Telegram Bot Token - create bot on Telegram and get token.  -  Telegram Chat ID  - input your Telegram user ID,  group / channel ID  -  Forward Alert - default true, to forward alert.  -  Send message as caption of Screenshot - default false, set true to send message below Screenshot  How to setup and guide  - Telegram
Ultimate Trailing Stop EA
BLAKE STEVEN RODGER
4.33 (15)
This EA Utility allows you to manage (with advanced filtering) unlimited open orders (manual or EA) with 16 trailing stop methods: fixed, percent, ATR Exit, Chandelier Exit, Moving Average, Candle High Low Exit, Bollinger Bands, Parabolic, Envelope, Fractal, Ichimoku Kijun-Sen, Alligator, Exit After X Minutes or Bars, RSI and Stochastic. The trailing stop can be either real or virtual, and you can exit fully or with a partial close percent on touch or bar close.  Moreover, you can add (overr
Equity Shield
Vladimir Stepanov
4.57 (7)
Der Expert Advisor schützt Ihr Konto vor unerwarteten Verlusten, indem er das Eigenkapital ständig überwacht und die Regeln gemäß den Eingaben in den Parametern befolgt. Wenn die Regeln verletzt werden, schließt der EA alle Trades. Sie können den EA so einstellen, dass er alle Trades bei einem bestimmten Prozentsatz oder Geldverlust schließt oder bei einem bestimmten Prozentsatz oder Geldgewinn schließt. Dieses Dienstprogramm ist sehr nützlich für Prop-Trading-Herausforderungen, um den Draw nie
VirtualTradePad mt4 Extra
Vladislav Andruschenko
4.88 (59)
Trading Panel für den Handel mit 1 Klick.  Arbeiten mit Positionen und Aufträgen!  Handeln vom Chart oder von der Tastatur. Mit unserem Trading-Panel können Sie mit einem Klick vom Chart aus handeln und Handelsoperationen 30-mal schneller ausführen als die Standard-MetaTrader-Steuerung. Automatische Berechnungen von Parametern und Funktionen, die einem Händler das Leben erleichtern und einem Händler helfen, seine Handelsaktivitäten viel schneller und bequemer durchzuführen. Grafische Tipps und
The News Filter
Leolouiski Gan
5 (17)
Dieses Produkt filtert alle Expert Advisors und manuelle Charts während der Nachrichtenzeit, sodass Sie sich keine Sorgen um plötzliche Preisschwankungen machen müssen, die Ihre manuellen Handels-Setups oder Trades, die von anderen Expert Advisors eingegeben wurden, zerstören könnten. Dieses Produkt wird auch mit einem vollständigen Order-Management-System geliefert, das Ihre offenen Positionen und ausstehenden Aufträge vor der Veröffentlichung von Nachrichten bearbeiten kann. Sobald Sie The New
Custom Ultimate Sniper Dashboard
Hispraise Chinedum Abraham
5 (2)
Das Custom Ultimate Sniper Dashboard ist ein EA-Upgrade des ursprünglichen Ultimate Sniper Dashboard-Indikators. Er arbeitet mit bis zu 98 verschiedenen Algorithmen, um sicherzustellen, dass er die wahre Natur eines Trends in einer Anlageklasse, mit der Sie arbeiten, einfängt. Es ist eine direkte Antwort auf viele Vorschläge und Ratschläge, die wir von den meisten unserer Kunden über mehrere Monate hinweg erhalten haben.   Diese benutzerdefinierte Version ist vollständig anpassbar. Sie wird
Exp Averager
Vladislav Andruschenko
4.79 (19)
Exp-Averager   wurde entwickelt, um den Durchschnitt Ihrer Trades zu ermitteln, die einen bestimmten Drawdown erlitten haben, indem Trades zur Durchschnittsbildung eröffnet werden. Der Berater hat die Möglichkeit, neue Positionen im Trend oder gegen den aktuellen Trend zu eröffnen. Es enthält auch eine intelligente Trailing-Stop-Funktion, die auf eine Reihe von Positionen angewendet wird. Der Berater kann die Losgröße der Positionen erhöhen oder verringern. Dies ist eine weit verbreitete Strat
TPSpro Trade PRO
Roman Podpora
5 (3)
-  Version MT5  (Coming soon) An instrument capable of instantly calculating position size or risk based on a specified stop-loss level is critically important for both professional traders and beginners. Trading utility  TRADE PRO   provides fast and accurate calculations, helping you make decisions in conditions of limited time and increased market volatility. Main functions: Original. Simple. Effective. Original and convenient opening of the main trading panel: Simply hover your mouse over th
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Timed Exit EA
Rimantas Petrauskas
5 (2)
The most simple and easy to use Timed Exit EA to close all trades automatically at specific time each day (hours:minutes:seconds) (by Rimantas Petrauskas) The main idea of this EA is to automatically close trades daily at your specified time. For example if you set EA to close all trades at 15:29:30, EA will do this each day when markets are open. This way you can set the EA to close all trades before the news. EA should be attached to a separate chart of any time frame on your MT4 and it will s
Auswahl:
bikletona
44
bikletona 2020.03.02 12:44 
 

NO FUNCIONA YA

Cameron DAndrea
244
Cameron DAndrea 2018.01.26 15:34 
 

Once u get it figured out it work great

14048788
137
14048788 2018.01.14 01:22 
 

I bought it But it's not working.

Victor Angel Revilla Marquez
2153
Victor Angel Revilla Marquez 2017.10.23 05:30 
 

dosent work, what disgusting thing

Lee Bryant
2679
Lee Bryant 2016.09.20 16:51 
 

Der Benutzer hat keinen Kommentar hinterlassen

bkarri
87
bkarri 2016.08.10 05:55 
 

Break even functionality is not working in this EA.

Example:: If break even is expected to happen on a trade after x number of partial closes, EA is modifying trade to break even right at first partial close. EA is not considering value specified. NO RESPONSE FROM AUTHOR YET. Waiting to hear back from Rimantas/ seller /author. Will update this review after response from them.

darktideac2
247
darktideac2 2016.04.06 19:26 
 

Great program! Other scale out EA's I have tried worked only on attached chart and you had to set timeframe manually and cost 10x as much as this one.

junghunna7
14
junghunna7 2015.04.23 11:45 
 

Der Benutzer hat keinen Kommentar hinterlassen

mikal
15
mikal 2015.04.02 15:50 
 

Der Benutzer hat keinen Kommentar hinterlassen

mrsparky
48
mrsparky 2015.03.31 14:13 
 

Der Benutzer hat keinen Kommentar hinterlassen

tradderx
334
tradderx 2015.03.31 08:23 
 

Der Benutzer hat keinen Kommentar hinterlassen

agustrader01
14
agustrader01 2015.03.27 03:55 
 

Der Benutzer hat keinen Kommentar hinterlassen

chadhansen1
14
chadhansen1 2015.03.23 07:06 
 

Der Benutzer hat keinen Kommentar hinterlassen

Rabbitpips
299
Rabbitpips 2015.03.19 02:03 
 

Der Benutzer hat keinen Kommentar hinterlassen

Artep05
1613
Artep05 2015.03.17 21:38 
 

Der Benutzer hat keinen Kommentar hinterlassen

ptrader
18
ptrader 2015.03.16 13:07 
 

Der Benutzer hat keinen Kommentar hinterlassen

stevenvasen
17
stevenvasen 2015.03.16 09:51 
 

Der Benutzer hat keinen Kommentar hinterlassen

Cesta
24
Cesta 2015.03.10 22:23 
 

Der Benutzer hat keinen Kommentar hinterlassen

Povilas Zukauskas
18
Povilas Zukauskas 2015.03.04 09:04 
 

Der Benutzer hat keinen Kommentar hinterlassen

Mujeeb Abdul
2183
Mujeeb Abdul 2015.02.28 17:40 
 

Der Benutzer hat keinen Kommentar hinterlassen

Antwort auf eine Rezension
Version 1.4 2021.03.08
Added compatibility with the latest MetaTrader 4 Build.
Version 1.3 2016.09.28
Fixed "ManageTradeWithComment" parameter.
Version 1.2 2016.09.20
Fixed break-even error. Now PartialCloseBreakEvenAfter parameter works correctly.

Added new feature (parameter): ManageTradeWithComment

ManageTradeWithComment - this tells the EA to apply partial close only to those trades that have specified text in "trade comment". If you set this parameter to "777", it will manage trades that have "trade comment" like "1777" or "777" or "777565, but not "7737" or trades with no "trade comment" at all.
Version 1.1 2015.12.23
Fixed problems detecting price Digits when using CustomPipSizes option.