Day Trade Close
- Utilities
-
Frank William Jr Colbert
Hello everybody! I've thought of making some trading tools, utilities, and in-depth analyzers to make trading safer and easier for myself, and I hope these can also help others on their forex trading, analyzing and risk management Journey. - Version: 1.4
- Activations: 5
An advanced profit-taking EA that closes only *profitable* trades at the end of the day (Monday-Friday) and on Friday, while allowing losing trades to continue running or be handled by other logic.
Features:
Closes profitable trades at a user-defined "ProfitCloseTime".
Separate profit thresholds for regular weekdays (`PROFIT_CLOSE_MG`) and Fridays (`PROFIT_CLOSE_FD`).
Includes the full "ExitOnFriday" logic to close *all* trades after a specific Friday time.
Can filter by Magic Number, only closing profits for specific EAs.
Calculates profit including swap and commission.
Effective Uses:
Locking in Daily Gains: Capture profits from winning trades at the end of the day while giving losing trades more time to recover.
End-of-Week Profit Taking: Take higher or lower profits on Friday based on weekly performance goals.
Hybrid Strategy: Combine with a daily trend-following system. Let winners close at EOD, but hold losers overnight for a potential reversal.
