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Daily Sacrifice

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Publié: 11 novembre 2023

Version actuelle: 2.4

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Daily Sacrifice

Utilitaires
Jesse Frank Cornelson
Jesse Frank Cornelson
États-Unis

660
3 (1)
2 produits
Version: 2.4
Mise à jour: 13 février 2024

This simple EA closes old losing trades at the expense of a portion of your profits. This helps to slowly work away drawdown and accelerate the closure of martingale grids

*** New Features ***

Added - Option to close oldest or furthest from current price trades

Added - Calculation of profits that will be sacrificed.

Anyone who has traded with martingale knows that you can get trapped in grids and be hoping for a quicker recovery. This led me to create this EA with the goal of helping to reduce drawdown and speed the recovery of martingale grids.

The configuration of Daily Sacrifice allows you to specify a drawdown threshold, minimum age of trades, maximum percent of profits to sacrifice and schedule to routinely close the least likely to recover trades on your account.

The logic is simple, close the oldest (or optionally furthest) trades first. Regardless of what pair/s generate the profit, Daily Sacrifice will analyze the losing trades on the account and close them based on the parameters you set. Closing these trades will allow a martingale grid to break even and close sooner. For this strategy to work you must have some profit to close the old trades. If you are only trading a single pair/EA you may not have profits to sacrifice. This strategy works best when you are trading 3 or more pairs/strategies.

With the default settings it doesn’t matter what EA or pair creates the profit, the Daily Sacrifice EA will sacrifice up to 33% of your daily profit to close losing trades over 72 hours old each trading day. Of course, you can edit this to your liking.

Since Daily Sacrifice works across the account you only need to run it on one chart. While running it on multiple charts is not necessary, and may cause duplicate runs, it is an option if you want it to run multiple times a day or with different settings on a particular day.

Here are the parameters.

Maximum Run Duration (Minute). This limits the duration of the run. There is no reason to edit this.

Daily settings to select which day/s and time to run. ***Daily Sacrifice runs on “broker time” so I have included a clock and countdown in the upper left of the screen to demystify scheduling. ***

Drawdown threshold (Dollars) sets the minimum drawdown level in dollars required to activate Daily Sacrifice. Daily Sacrifice will do nothing if the account does not meet this level of drawdown. That’s a good thing though, carrying a little drawdown is part of many trading strategies.

Calculate profit for previous (Hours). Allows you to set how many previous hours of profit are eligible to sacrifice. By default, the EA reviews the last 24 hours of profit. Changing this allows you to have a “rolling” type of profit calculation where you may use the profits from several previous days to close orders. For instance, setting it to 72 hours would evaluate the last 3 days profit on a rolling basis and cancel trades up to the percentage each time. This is a valid strategy, but it may cause individual days to close in loss.

Close trades older than (number of 1H candles). Trades younger than this will not be closed. Has no effect if mode is set to close “furthest from profit”

Percent of profit to be sacrificed. Old trades will be closed to a value offsetting this percent of your profits. Remember this is based on closed trades in the previous number of hours you define. Daily Sacrifice should not close trades greater than the profit that has already been closed.

Activate manual run of the EA. Triggers the sacrifice EA to run once immediately on initialization. If you use this on live make sure you turn it off or it will cause subsequent runs on EA initialization.

Alarm When sacrifice. Displays a simple message on the terminal after the Daily Sacrifice EA has closed some trades. If no trades meet the requirement (hence no trades are closed), it will not alarm.

Play sound when sacrifice. Plays a sound when the sacrifice module closes trades. Keep in mind this will not be audible if executed on a VPS or remote server.

Trades to close. Allows you to select between closing the oldest or the furthest from profit trades first.

The default settings were chosen as a starting point suitable for most traders. The EA will attempt to close the oldest trades first, but you should tweak these settings to meet your individual needs. As always it is advisable to test Daily Sacrifice on demo before using on live accounts.

It is a simple EA I hope you find helpful. Adding this to my trading strategy has helped me to reduce drawdown and improve profits.

!!! Due to rounding and the imperfect cost of trades your sacrificed amount may underrun or slightly overrun the percent of profit!!! Please test in demo before live.

Happy trading.

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Indicateur de force des devises pour MetaTrader 4 Cet indicateur de force des devises lit jusqu'à 28 paires majeures et en tire un chiffre par devise, pour les 8 principales : USD, EUR, GBP, JPY, CHF, CAD, AUD et NZD. Au lieu d'ouvrir graphique après graphique pour savoir qui mène, vous lisez un seul panneau sur votre graphique MetaTrader 4 et vous savez quelle devise est achetée et laquelle est vendue. Ce que le panneau affiche Une barre de force classée pour chacune des 8 devises, avec son pou

49 USD

Close If Profit or Loss with Trailing pour MetaTrader 4 — fermeture automatique par profit total ou perte totale Un utilitaire pratique pour MetaTrader 4 qui ferme automatiquement les positions lorsque le profit total ou la perte totale atteint le niveau que vous avez défini. L’Expert Advisor surveille les opérations ouvertes, calcule le résultat flottant, peut utiliser Trailing Profit et aide à gérer les positions plus rapidement qu’une réaction manuelle. MetaTrader 4 reste très utilisé par le

40 USD

Trade Dashboard simplifies how you open, manage, and control your trades, with built-in lot size calculation. It allows you to execute trades, manage risk, and control positions directly on the chart, with tools such as partial close, breakeven, and trailing stop. Designed to reduce manual work and help you stay focused on your trading decisions. A demo version is available for testing. Detailed explanations of features are provided within the MQL5 platform. Installation instructions are include

50 USD

Smart Copy is an Easy-to-Use EA that supports Multi Copying Metatrader4 and Metatrader5 and Local/Remote Copying. (Remote Version is coming soon) Free version is available on Smart Copy Local Free MT4 Specifications : Real Time, Multi Terminal - Multi Account - MT4/MT5 trade copying Copy from netting to hedge and hedge to netting is supported. Fast and instant copy All settings are input visually. Easy modifying symbol names, prefix, suffix Enable/Disable copying s

50 USD

Want automatically to put the pending order, take profit and stop loss? This EA will do it on your behalf! The Fibo Heart EA strategy will place limit order after the ‘check point’ breakout. The position will be triggered when the price make a successful retest. If not, the pending order will automatically deleted after price hit certain level. You also have option to enable market order (instant execution) and custom take profit in the inputs setting. This EA must be attached with Fibo Heart In

50 USD

This is an expanded version of my Daily Sacrifice EA that closes old losing trades at the expense of a portion of your profits. This helps to slowly work away drawdown and accelerate the closure of martingale grids *** Pro Features *** Include/Exclude symbols. These fields are empty by default, but if populated allow you to include only specific symbols or alternatively exclude specific symbols Execute on an hourly interval. Allows the EA to be ran every so many hours rather than on a fixed

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Daily Sacrifice

Jesse Frank Cornelson