EA or Indicator which will monitor all trades in an account for partial closure and set stop at entry

MQL4 Indicators Experts

Job finished

Execution time 1 day
Feedback from customer
Very approachable and helpful developer

Specification


I am looking for an EA or Indicator which will run from a single chart and monitor all running and newly opened trades in an account which perform break even (set stop at entry) when I close part of a position from a trade.

If SL cannot be applied at entry for any reason send me a text notification saying its failed.

Maximum slippage allowed for setting stop is set via input. 


Example 1:

1. Running trade EURUSD BUY 0.05 (with SL)

2. I closed 0.01 part of it then the EA moved the stop to entry for the remaining part 0.04.


Example 2:

1. Running trade EURUSD BUY 0.1 (without SL)

2. I closed 0.05 part of it then the EA applies a stop at entry for the remaining part 0.05.


Example 3:

1. Running trade EURUSD BUY 0.1 

2. Open a new trade EURUSD BUY 0.1 

3. Closed 0.08 part of first trade then the EA applies a stop at entry for the remaining part 0.02 of the first trade only leaving the second trade of 0.1 untouched.


Example 4:

1. Running trade EURUSD BUY 0.1 

2. Open a new trade EURUSD SELL 0.05

3. Closed 0.1 full first trade then the EA has nothing to apply stop at, leave the second trade of 0.05 untouched.


Example 5:

1. Running trade EURUSD BUY 0.1 

2. I closed 0.01 part of it then the EA applies a stop at entry for the remaining part 0.09

3. I closed again 0.01 part of it then the EA double checks if stop is at entry for the remaining 0.08.


So, basically whenever there is a partial profit taking the remaining position should be set risk free on break even by placing stop at entry (Note: Once stop is set at entry, no need to move stop like a typical break even).

Files:

TXT
Spec.txt
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Project information

Budget
30 USD