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Partial Close EA

3.25

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.

Reviews 21
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.

Georgios Baizanis
1890
Georgios Baizanis 2025.04.23 08:15 
 

The EA works well. It performs as expected. Tested in multiple Mt4 accounts. Was also easy to use and set up. I recommend that

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The most advanced news filter on MQL market - free demo available Take a Break has transformed from a basic news filter into a comprehensive account protection solution. It seamlessly pauses any other Expert Advisors during news events or based on your custom filters, all while safeguarding your EA settings - restoring them automatically when trading resumes for complete peace of mind. Typical use cases: A single news filter for all your EAs. Stop trading during news/high volatility (+ close all
Click and Go Trade Manager
Victor Christiaanse
5 (8)
Utilities
Click and Go Trade Manager, the ultimate solution for seamless trading execution. With a simple click on the chart, you can effortlessly define your stop loss, entry price, and target levels. No more hassle of inputting values manually - it's made incredibly intuitive and easy. Embedded risk management is a key feature of our Trade Manager. We understand the importance of protecting your investments, which is why the Click and Go Trade Manager incorporates risk management. When placing orders,
Trend Line Optimizer
Evgenii Aksenov
4.06 (18)
Utilities
This is an automatic parameter optimizer for the   Trend Line PRO   indicator Easily and quickly you will select the optimal parameters for your favorite Trend Line PRO indicator.  Optimization takes only a few seconds. The optimizer allows you to find the best parameters for each pair and period: Amplitude, TP1-TP3, StopLoss, as well as values for Time Filter and HTF Filter on the selected history section (Days)  To optimize different timeframes, you need a different range of history: M5-M15
HFT Fast Scalping EA
Sami George Saba Zeidan
Utilities
HFT FAST SCALPING EA the High Frequency Trading which use stop orders to enter the trades when market is trending. best use for 1- Low slippage brokers for us30 and DE40 . 2- LOW OR ZERO COMMISSION BROKERS FOR EUR AND GOLD. 3-Prop firms like ftmo ,tff,.......etc This EA UNLIKE Other HFT EAs , You can see that in the parameters ,, CHOOSE LOT SIZE , MAX LOT , CHOOSE TIME , COMMENT AND OTHERS . IT STOPS 3 MINUTES AUTOMATICALLY EVERY 15 MINUTES TO PROTECT THE EQUITY FROM A BIG UNWANTED SLIPPAGE .
Grid Manual MT4
Alfiya Fazylova
4.71 (17)
Utilities
Grid Manual is a trading panel for working with grid strategies. The utility is universal, has flexible settings and an intuitive interface. It works with a grid of orders not only in the direction of averaging losses, but also in the direction of increasing profits. The trader does not need to create and maintain a grid of orders, the utility will do it. It is enough to open an order and the Grid manual will automatically create a grid of orders for it and will accompany it until the close. Ful
Copy Master mt4
Evgenii Aksenov
5 (5)
Utilities
This utility will allow you to copy any trades from one terminal with the Master setting to other terminals with the Slave setting At the same time, you can choose which pairs to copy, set the size of the copied order by several parameters. Set the limit losses by DrawDown or copy only profitable trades You can copy deals from MT4/MT5 to MT4/MT5 other brokers Now it will not be difficult to copy the signals of any Expert Advisor working in MT4 to the MT5 terminal or back Use Copy Master to copy
Notify To Telegram
Trinh Dat
5 (6)
Utilities
Notify To Telegram MT4 Expert Advisor will send notifications via Telegram when orders are opened/modified/closed on your MetaTrader 4 account.  Send message to person, channel or group chat.  Easy to customize message.  Support custom message for all languages. Support full Emoji.  Parameters: Telegram Bot Token - create bot on Telegram and get token. Telegram Chat ID  - input your Telegram user ID, group / channel ID Magic number filter - default all, or input magic number to notify with com
CAP Strategy Builder EA
MEETALGO LLC
4.84 (31)
Utilities
The top-selling EAs on the market cost a lot and one day they are suddenly gone. This is because one strategy will not work in the forex market all the time. Our product is unique from all others in the MQL Marketplace because our EA comes with 34+ built-in indicators that allow develop strategies every time.  You build your strategy and keep updating it. If one strategy does not work, simply build another all using only one EA. This is All-In-One EA in this market place. You can use as trade ma
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Timed Exit EA
Rimantas Petrauskas
5 (2)
Experts
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
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Georgios Baizanis
1890
Georgios Baizanis 2025.04.23 08:15 
 

The EA works well. It performs as expected. Tested in multiple Mt4 accounts. Was also easy to use and set up. I recommend that

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
2384
Victor Angel Revilla Marquez 2017.10.23 05:30 
 

dosent work, what disgusting thing

Lee Bryant
2676
Lee Bryant 2016.09.20 16:51 
 

User didn't leave any comment to the rating

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 
 

User didn't leave any comment to the rating

mikal
15
mikal 2015.04.02 15:50 
 

User didn't leave any comment to the rating

mrsparky
48
mrsparky 2015.03.31 14:13 
 

User didn't leave any comment to the rating

tradderx
333
tradderx 2015.03.31 08:23 
 

User didn't leave any comment to the rating

agustrader01
14
agustrader01 2015.03.27 03:55 
 

User didn't leave any comment to the rating

chadhansen1
14
chadhansen1 2015.03.23 07:06 
 

User didn't leave any comment to the rating

Rabbitpips
299
Rabbitpips 2015.03.19 02:03 
 

User didn't leave any comment to the rating

Artep05
1788
Artep05 2015.03.17 21:38 
 

User didn't leave any comment to the rating

ptrader
18
ptrader 2015.03.16 13:07 
 

User didn't leave any comment to the rating

stevenvasen
17
stevenvasen 2015.03.16 09:51 
 

User didn't leave any comment to the rating

Cesta
24
Cesta 2015.03.10 22:23 
 

User didn't leave any comment to the rating

Povilas Zukauskas
18
Povilas Zukauskas 2015.03.04 09:04 
 

User didn't leave any comment to the rating

12
Reply to review
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.