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No Open Trades

DESCRIPTION
The ‘No Open Trades’ Expert Advisor is a dream come true to any mindful trader that knows that controlling risk is extremely vital to any successful trading plan. The ‘No Open Trades’ Expert Advisor closes all open trades in the account once the percentage loss you set is met. For example, if your account balance is $5,000 and you set the percentage loss to 5. This information has been passed to the Expert Advisor and it will close all open orders once the loss made is -$250 (which is 5% of $5,000). Once your account equity reaches $4,750 all open orders will be closed automatically.

The Expert Advisor is extremely dynamic. It stores your account balance at the time you start running the Expert Advisor, if for whatever reason the terminal closes and you re-open it while the Expert Advisor was running. It will continue to track the account growth based on the account balance that was there from the beginning and not the new account balance that is there once the MT4 Terminal was restarted like other systems usually do. 


‘No Open Trades' works in these financial markets;
Forex
Commodities
Cryptocurrency
Spot Metals
Indices 

Stocks


SETTINGS
Equity_Percentage_Loss – The percentage amount in numbers of the maximum amount of loss you allow being made on the account e.g. 5 (do not enter the negative (-) symbol for example (-5))
Reset_Balance_Everyday - Close all trades when the percentage risk is hit. Close any other trade that comes after that until the next day when the new balance and equity will be used.
Stop_EA_After_Loss_Is_Hit - Close all trades when the percentage risk is hit. The Expert Advisor stops closing trades after this.

Manualy_Stop_EA- Close all trades when the percentage risk is hit. Close any other trade that comes after that until the expert advisor is removed.


How it works
Attach the EA to any chart
Enter an Equity percentage loss value (E.g. if you want the system to close all open orders when it reaches negative five percent of the equity compared to the balance, you will put the number 5 into the text box and not -5)
In the fields that  are below ‘Equity_Percentage_Loss’ set the input type you want to use to ‘true’
The Expert Advisor will not work if all/more than one input type is used at the same time. (Place a screen shot of the example here)
o Once this happens you will be required to reattach the EA to the chart to be able to use it.
If any warning message box appears, you need to reattach the EA to a chart again to use it.
When the percentage loss is hit. The following values are displayed as an Alert;
o Start Balance
o Expected Percentage Loss
o Account Equity at Time Of Loss
These values above may be different. As trades are being closed the market is moving, as the market moves price changes. There may be a slight deviation from values displayed in the Alert and values in the account terminal because of this.
When using large lot size values. The next trade opened may cause the risk to go over the percentage loss set, which on occasion may make the percentage loss slightly greater.

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Eric Emmrich
5 (27)
The most advanced news filter and drawdown limiter on MQL market NEW: Take a Break can be backtested against your account history! Check the " What's new " tab for details. Take a Break has evolved from a once simple news filter to a full-fledged account protection tool. It pauses any other EA during potentially unfavorable market conditions and will continue trading when the noise is over. Typical use cases: Stop trading during news/high volatility (+ close my trades before). Stop trading when
Ultimate Trailing Stop EA
BLAKE STEVEN RODGER
4.33 (15)
This EA Utility allows you to manage (with advanced filtering) unlimited open orders (manual or EA) with 16 trailing stop methods: fixed, percent, ATR Exit, Chandelier Exit, Moving Average, Candle High Low Exit, Bollinger Bands, Parabolic, Envelope, Fractal, Ichimoku Kijun-Sen, Alligator, Exit After X Minutes or Bars, RSI and Stochastic. The trailing stop can be either real or virtual, and you can exit fully or with a partial close percent on touch or bar close.  Moreover, you can add (overr
Trade Assistant Pro 36 in 1
Makarii Gubaydullin
4.95 (20)
Outil multifonctionnel : plus de 65 fonctions, dont : calcul de lot, price action, facteur R/R, gestionnaire des trades, zones d'offre et de demande Version de démonstration   |   Manuel de l'Utilisateur   |    MT5 L'utilitaire ne fonctionne pas dans le testeur de stratégie : vous pouvez télécharger la   version de démonstration ICI   pour tester le produit. Contactez-moi pour toutes questions / idées d'amélioration / en cas de bug trouvé Simplifiez, accélérez et automatisez votre processus d
Fibo + Elliott + CME The Expert Adviso r is designed as an assistant for manual trading. Ready-made trading system based on  Elliott waves   and Fibonacci retracement levels . It is simple and affordable. Display of the marking of Elliott waves (main or alternative option) on the chart. Construction of horizontal levels, support and resistance lines, a channel. Superposition of Fibonacci levels on waves 1, 3, 5, A Display data from CME (CME - Chicago Mercantile Exchange Chicago Mercantile Exch
EasyFX Trader
APTHUR MONTGOMERY MCCAMMON
The EasyFX Trader is a very unique and customizable dashboard for manual trading. It is placed in the Expert folder but is not an auto trading robot. You input all the parameter and the dashboard will monitor and let you know when there is a good trading opportunity. The tool is simple to use whether you're experienced or just a beginner. It was designed for all types of trading styles including price action, day, swing, trend trader, or scalper. Each column is described below. When you load the
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Know Your Risk
Koena Technology Limited
Know Your Risk is a powerful tool that is developed to help traders have better risk management in a very simple way. How? The Know Your Risk indicator has two horizontal lines on the chart, a red horizontal line that represents stop-loss and a green horizontal line that represents take profit. The trader is required to place the lines on the chart at areas of stop-loss and take profit. A panel is presented on the left of the chart that displays the risk in pips/points, risk in percentages, the
No Open Trades MT5
Koena Technology Limited
DESCRIPTION The ‘No Open Trades’ Expert Advisor is a dream come true to any mindful trader that knows that controlling risk is extremely vital to any successful trading plan. The ‘No Open Trades’ Expert Advisor closes all open trades in the account once the percentage loss you set is met. For example, if your account balance is $5,000 and you set the percentage loss to 5. This information has been passed to the Expert Advisor and it will close all open orders once the loss made is -$250 (which
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