Lot Partial Close

5

Lot Partial Close

Closes your trades automatically by a specific size and at a specific target defined by you.

Description:

The Lot Partial close is a MetaTrader 4 Expert Advisor designed to automate trading strategies with a focus on managing multiple open orders of different sizes. This EA is versatile, allowing users to customize key parameters to meet their specific trading preferences.

Key Features:

  1. Partial Close Functionality: The EA incorporates a partial close mechanism for the first target trade. When the profit on this trade reaches a specified adjustable level, a portion of the trade is automatically closed, securing profits while allowing the remaining position to continue.

  2. Full Close on Targets or Stops: For the second target trade, users can set adjustable take profit and stop loss levels in ticks. When these levels are reached, the entire second trade is closed automatically.

  3. User-Defined Parameters: Traders have the flexibility to set various parameters, including trade sizes, partial close amounts, profit targets, take profit levels, and stop loss levels. This allows for customization based on individual trading strategies and risk tolerance.

Usage Instructions:

  1. Configure the desired parameters such as trade sizes, profit targets, and stop loss levels in the EA settings.
  2. Attach the EA to the MetaTrader 4 chart corresponding to the trading instrument of interest.
  3. The EA will automatically manage open orders based on the specified parameters.

Note: Always conduct thorough testing in a demo environment before deploying the EA in live trading.

Risk Warning: Trading involves substantial risk and may not be suitable for everyone. Ensure proper risk management practices and consider the potential impact of slippage and market conditions on automated trading.

Settings Explained:

  • Set size of the trade (default is 1.0 lot)
  • Set what size of it to be closed at your desired target (default is 0.66 lot)
  • Set your first target (default is 100 points(10pips))
  • Set the size of the remainder of the trade (default is 0.34 lot) (ex. If your trade is 1.0 lot, you set it to partially close by 0.66, the remaining size of the trade should be 0.34)
  • Set the desired Take Profit target for the second part of the trade (default is 300points(30pips))
  • Set the desired Stop Loss target for the second part of the trade (default is -200points(20pips))


*** Your partial close size and the size of the reminder of the trade's sum should be equal to your original trade (0.66 + 0.34=1.0) ***
*Change any of your targets to 0 to disable them*
*Lot Partial Close works on already open orders*

EA Lot Partial Close works on all kinds of symbols: currency pairs, metals, commodities, cryptocurrencies.

Please test the Lot Partial Close on a demo account before you buy.

Do not hesitate to contact me with any questions regarding the EA.


Recensioni 1
imparfait1
29
imparfait1 2024.07.02 21:00 
 

Great tool, I just LOVE it! Thanks Petrov!

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Effortlessly calculate lot sizes and manage trades to save time and avoid costly errors The Trade Pad Pro EA is a tool for the Metatrader Platform that aims to help traders manage their trades more efficiently and effectively. It has a user-friendly visual interface that allows users to easily place and manage an unlimited number of trades, helping to avoid human errors and enhance their trading activity. One of the key features of the Trade Pad Pro EA is its focus on risk and position manageme
Il MT4 to Discord Signal Provider è uno strumento facile da usare e completamente personalizzabile, progettato per inviare segnali di trading direttamente a Discord. Questo strumento trasforma il tuo account di trading in un efficiente fornitore di segnali. Personalizza i formati dei messaggi secondo il tuo stile! Per facilitarne l'uso, seleziona tra i modelli pre-progettati e scegli quali elementi del messaggio includere o escludere. [ Demo ] [ Manuale ] [ Versione MT5 ] [ Versione Telegram ] 
The Ultimate Drawdown Recovery & Trade Protection EA for MT4! Your Trades Deserve a Second Chance. Give Them This Soldier. Struggling with floating losses or sudden drawdowns that threaten your account? Stop watching your trades drown in red and let the Ultimate Drawdown Recovery EA (UDR) recover, protect, and empower your trading strategy automatically. What Is UDR? UDR is an ultra-smart, lightning-fast MT4 Expert Advisor designed to recover drawdowns, secure break-even exits, manage trades wi
Il Risk/Reward Tool è un Expert Advisor di livello professionale progettato per rivoluzionare il modo in cui pianifichi, visualizzi ed esegui le operazioni in MetaTrader 4. Che tu sia un trader discrezionale che apprezza una gestione precisa del rischio o uno sviluppatore di strategie che ha bisogno di testare visivamente le configurazioni di trading, questo strumento fornisce tutto ciò di cui hai bisogno in un'interfaccia elegante e intuitiva. A differenza dei calcolatori di posizione di base,
Visualizza immediatamente la cronologia delle tue operazioni chiuse per giorno e settimana, le tue operazioni aperte correnti e l'esposizione forex su un grafico! Utilizza la mappa di calore per identificare le operazioni redditizie e dove si trova il tuo drawdown attuale all'interno del tuo portafoglio di trading. Pulsanti di chiusura rapida Utilizza i pulsanti di chiusura rapida per chiudere ogni operazione su un singolo simbolo, chiudere singole operazioni per intero o ottenere profitti o p
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imparfait1
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imparfait1 2024.07.02 21:00 
 

Great tool, I just LOVE it! Thanks Petrov!

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