need mql4 basics hint

[[Deleted]]

Dear Experts,

how can I make an EA stop opening new positions at a certain AccuntEquity level? I hardly got it to close all positions, but it keeps opening new ones.

Fo Rex

[c0d3]

your entry code needs to have a condition for accountequity().

if(blah blah blah && AccountEquity()<1000){then enter}

[[Deleted]]

c0d3:

your entry code needs to have a condition for accountequity().

Doesn't really helps :(

I am modifying a script, and I dont know how and where to add the entry code. But I'll try.

[Ahmed Soliman]

You can add this after start()

if(AccountEquity()<1000) return(0);

This will stop the Expert after the equity drop.

[[Deleted]]

codersguru:

You can add this after start()

This will stop the Expert after the equity drop.

ok, with this I can make it closing open positions when AccountBalance>1000. But it doesnt work in the other direction, when the equity drops. I feel a little helpless there.

And the EA is still opening new positions right after :(

[qjol]

AccountBalance()<1000

not

AccountBalance>1000. 

[[Deleted]]

qjol:

yes, yes...I tried both. With the brackets. But only using AccountEquity()>1000 seems to have an effect. Even if it doesnt finally stops trading, it closes positions there.

But with AccountEquity()<1000, the EA does not stop.

I will keep on trying, but I am thankful for every new hint and repeated explanations to solve my problem. I am thinking about further modifications, but I cant go on if I dont even get this thing right.

[hasayama]

double REQUIRED_EQUITY_LEVEL = 1000.0;

bool GlobalError = false; 

 

int start()

{

   if ( GlobalError )  { return(0); }

   if ( AccountEquity() < REQUIRED_EQUITY_LEVEL )  { GlobalError = true; }

   //...

}

Try to use additional variable. Maybe AccountEquity() changes when you close all positions and your initial check fails.

[[Deleted]]

hasayama:

Try to use additional variable. Maybe AccountEquity() changes when you close all positions and your initial check fails.

finally! some positive results. it is not exactly doing what i want it to, but its going to the right direction.

---

thx to you all, so far.

[[Deleted]]

Does it make sense to write my next question right here in the bottom?

Now I would like to know how to make my EA close all positions and stop trading when the AccountEquity drops to a certain % of the AccountBalance.

Fo Rex

[hasayama]

fo.rex:

Does it make sense to write my next question right here in the bottom?

Now I would like to know how to make my EA close all positions and stop trading when the AccountEquity drops to a certain % of the AccountBalance.

Fo Rex

double Percent = 30.0;

if ( AccountEquity()*100.0/AccountBalance() <= Percent ) { /*use your imagination here*/ }