Lot Partial Close

5

Lot Partial Close

Closes your trades automatically by a specific size and at a specific target defined by you.

Description:

The Lot Partial close is a MetaTrader 4 Expert Advisor designed to automate trading strategies with a focus on managing multiple open orders of different sizes. This EA is versatile, allowing users to customize key parameters to meet their specific trading preferences.

Key Features:

  1. Partial Close Functionality: The EA incorporates a partial close mechanism for the first target trade. When the profit on this trade reaches a specified adjustable level, a portion of the trade is automatically closed, securing profits while allowing the remaining position to continue.

  2. Full Close on Targets or Stops: For the second target trade, users can set adjustable take profit and stop loss levels in ticks. When these levels are reached, the entire second trade is closed automatically.

  3. User-Defined Parameters: Traders have the flexibility to set various parameters, including trade sizes, partial close amounts, profit targets, take profit levels, and stop loss levels. This allows for customization based on individual trading strategies and risk tolerance.

Usage Instructions:

  1. Configure the desired parameters such as trade sizes, profit targets, and stop loss levels in the EA settings.
  2. Attach the EA to the MetaTrader 4 chart corresponding to the trading instrument of interest.
  3. The EA will automatically manage open orders based on the specified parameters.

Note: Always conduct thorough testing in a demo environment before deploying the EA in live trading.

Risk Warning: Trading involves substantial risk and may not be suitable for everyone. Ensure proper risk management practices and consider the potential impact of slippage and market conditions on automated trading.

Settings Explained:

  • Set size of the trade (default is 1.0 lot)
  • Set what size of it to be closed at your desired target (default is 0.66 lot)
  • Set your first target (default is 100 points(10pips))
  • Set the size of the remainder of the trade (default is 0.34 lot) (ex. If your trade is 1.0 lot, you set it to partially close by 0.66, the remaining size of the trade should be 0.34)
  • Set the desired Take Profit target for the second part of the trade (default is 300points(30pips))
  • Set the desired Stop Loss target for the second part of the trade (default is -200points(20pips))


*** Your partial close size and the size of the reminder of the trade's sum should be equal to your original trade (0.66 + 0.34=1.0) ***
*Change any of your targets to 0 to disable them*
*Lot Partial Close works on already open orders*

EA Lot Partial Close works on all kinds of symbols: currency pairs, metals, commodities, cryptocurrencies.

Please test the Lot Partial Close on a demo account before you buy.

Do not hesitate to contact me with any questions regarding the EA.


Reviews 1
imparfait1
29
imparfait1 2024.07.02 21:00 
 

Great tool, I just LOVE it! Thanks Petrov!

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3.67 (3)
Utilities
Effortlessly calculate lot sizes and manage trades to save time and avoid costly errors The Trade Pad Pro EA is a tool for the Metatrader Platform that aims to help traders manage their trades more efficiently and effectively. It has a user-friendly visual interface that allows users to easily place and manage an unlimited number of trades, helping to avoid human errors and enhance their trading activity. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] One of the k
Unlimited Trade Copier Pro
Vu Trung Kien
4.43 (7)
Utilities
Unlimited Trade Copier Pro is a tool to copy trade remotely to multiple MT4, MT5 and cTrader accounts at different computers/locations over internet. This is an ideal solution for you if you are a signal provider and want to copy your trades to other receivers globally on your own rules. One provider can copy trades to multiple receivers and one receiver can get trade from multiple providers as well. The provider can even set the subscription expiry for each receiver, so that receiver will not b
RS Trade Copier
Boris Sedov
5 (1)
Utilities
RS Trade Copier - the ultra-fast local trade copier with a real graphical interface. Stop typing account numbers manually. No more 200+ cryptic inputs. A reliable and flexible tool for copying trading operations between multiple MT4 and MT5 terminals. It suits experienced traders, signal providers, and individual investors. It enables trade synchronization from one or multiple Providers to one or multiple Clients with high precision and minimal latency. It supports simple automatic configuration
Telegram to MT4 MultiChannel Copier
Sergio Marquez Uroz
5 (4)
Utilities
Telegram to MT4 Multi-Channel Copier   automatically copies trading signals from your Telegram channels straight to MetaTrader 4. No bots, no browser extensions, no manual copying. A signal arrives in Telegram and the EA opens the trade in your terminal within seconds. And before you copy a channel, the built-in backtester shows you what that channel would have done in your account. The product has two components: a Windows application that listens to your Telegram channels, and this Expert Advi
Strategy Builder plus Optimizer by RunwiseFX MT4
Runwise Limited
5 (4)
Utilities
Strategy Builder offers an incredible amount of functionality. It combines a trade panel with configurable automation (covert indicators into an EA), real-time statistics (profit & draw down) plus automatic optimization of SL, TP/exit, trading hours, indicator inputs. Multiple indicators can be combined into an single alert/trade signal and can include custom indicators, even if just have ex4 file or purchased from Market. The system is easily configured via a CONFIG button and associated pop-up
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Trade Manager MVP
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Trade Manager MVP is a chart-based position sizing, order execution and trade management tool designed to help manual traders plan setups, control risk and manage positions from one compact panel. Define Entry, Stop Loss, TP1, TP2 and Final TP using draggable chart lines. Set your preferred risk percentage, and the EA calculates the position size from the Stop Loss distance. Moving the Entry line automatically moves the other levels while preserving their configured pip distances. Key Features V
Trade Manager MVP MT5
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Trade Manager MVP MT5 is a chart-based position sizing, order execution and trade management tool designed to help manual traders plan setups, control risk and manage positions from one compact panel. Define Entry, Stop Loss, TP1, TP2 and Final TP using draggable chart lines. Set your preferred risk percentage, and the EA calculates the position size from the Stop Loss distance. Moving the Entry line automatically moves the other levels while preserving their configured pip distances. Key Featur
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imparfait1 2024.07.02 21:00 
 

Great tool, I just LOVE it! Thanks Petrov!

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