• Overview
  • Reviews (1)
  • Comments (7)
  • What's new

Stop Protector

Always protect your stop!

The EA allows to automatize protection of stop loss by means of closing a part of a deal when a specified ratio of gained profit and stop loss is reached. You need to specify the working stop-loss for the EA!

Run the EA on the used symbol and set up its parameters:

  • magic (-1 is all) — tracking the magic number of orders, if -1, tracks all orders including manual, 0 — only manual orders;
  • stoploss — working stop-loss, this parameter influences the partial closure.
  • koef profit/loss for close 1 — ratio of profit to loss. An order is partially closed when this value is reached;
  • procent lot for close 1 — what part of order will be closed if value of koef profit/loss for close 1 is reached.
  • koef profit/loss for close 2 — ratio of profit to loss. An order is partially closed when this value is reached;
  • procent lot for close 2 — what part of order will be closed if value of koef profit/loss for close 2 is reached.
  • koef profit/loss for close 3 — ratio of profit to loss. An order is partially closed when this value is reached;
  • procent lot for close 3 — what part of order will be closed if value of koef profit/loss for close 3 is reached.

The tester opens two deals and closes position parts when the preset profit ratio is reached.


Francis Dogbe
9422
2016.04.18 15:56 
 

User didn't leave any comment to the rating

Version 2.0 - 2015.10.14
- EA algorithm and functionality updated
- Now 3 levels are available to close position parts
- Breakeven function removed
- An option of tracking of all instruments from one chart has been removed
- Added setup of stoploss, based on which the EA works. Real position stop loss is not used in calculations, so you should specify a valid stop.