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Close if Profit Loss Demo

This's Free Demo Version for testing , Maximum amount of money profit/loss can be setting = 10
Full version can be found here : https://www.mql5.com/en/market/product/38036

Smart risk management tools.

  • You can control profit , loss target easily and customizable.
  • Custom profit , loss target by amount of money method.
  • Closing and calculating all symbols or the current symbol only.
  • Can work on every trading account currency.

How to use?

  • Just place this EA into any symbol,currencies that you want to take control.
  • Then custom input parameters.
  • Click "OK" button.
  • Ready to work! and status will showing on chart screen.


Input Parameters


    1. Sum Profit/Loss from all positions

  • IF = " true" : EA will calculating sum of profit/loss from every positions that opening on your trading account.
  • IF = "false" : EA will work for each opening positions.

    2. Work on all currencies

  • IF = " true" : EA will work/calculating on every symbols,currencies that opening on your trading account.
  • IF = "false" : EA will work/calculating on current symbol,currency only.

    3. Close if Profit amount

    • Custom amount of money (profit target)

        4. Close if Loss amount

    • Custom amount of money (loss target) 

        5. Alert function

    • IF = " true" : EA will show alert message on chart screen when your profit/loss target reached.

        6. Close Only Custom Magic Number

    • IF = " true" :  EA will calculating/close positions only orders with a specified Magic Number

        7. Custom Magic Number

    • Custom Magic Number for orders that EA will be calculating/close positions.


    Example


      Example : 1. if you're settings

         1. Sum Profit/Loss from all positions = "true"

         2. Work on all currencies = "true"

         3. Close if Profit amount = "10"

    • When all opening positions and every currencies on your trading account got sum of profit >= 10$
    • EA will automatic close all opening positions and every currencies immediately. 


      Example : 2. if you're settings

         1. Sum Profit/Loss from all positions = "true"

         2. Work on all currencies = "false"

         3. Close if Profit amount = "10"

    • When all opening positions on current currency/symbol have sum of profit >= 10$
    • EA will automatic close all opening position on current currency/symbol immediately.

      Example : 3. If you' re settings

        1. Sum Profit/Loss from all positions = "false"

        2. Work on all currencies = "false"

        3. Close if Profit amount = "10"

    • EA will automatic close each position on current currency/symbol that got profit >= 10$ only.


      Example : 4. if you're settings.

        1. Sum Profit/Loss from all positions = "false"

        2. Work on all currencies = "true"

        3. Close if Profit amount = "10"

    • EA will automatic close each position on every currencies/symbols that got profit >= 10$.


    Attention

    • Close if profit,loss function not possible to got exactly target sometimes.
    • It possible to have discrepancy, usually + - 5 pips.
    • This is due to market conditions like fluctuation of spread, slippage, latency (delay of server).


    Yongqiang Chao
    483
    Yongqiang Chao 2019.07.11 09:12   

    Hope to update the fifth possibility! The profit of one of the currency pairs is greater than or equal to 10, closing all open positions of the currency pair. thanks!

    Marketta Herman
    69
    Marketta Herman 2019.04.24 20:59 
     

    Great tools.

    Versión 1.3 2019.05.07
    - Fix alert function not working properly.
    Versión 1.2 2019.05.07
    Add "Close Only Custom Magic Number" Input Parameter.
    Versión 1.1 2019.05.04
    - Add Alert Message if automated trading not enable.
    - Add Magic Number Input Parameter