Rocket Fx Multi Target EA

This MetaTrader 4 Expert Advisor (EA) is designed to place multi-target pending orders (both buy and sell) with individual take profit levels and shared stop loss. Here's how it operates:

Key Features

1. Multi-Target Order Placement: Creates pending orders (Stop or Limit) with up to 4 take profit targets

2. Risk Management: Calculates position size based on account balance and user-defined risk percentage

3. User Interface: Provides input fields for entry prices, stop losses, take profits, and lot size

4. Order Management: Includes functions to close all orders and toggle between stop/limit orders

Operation Flow

Initialization

• Creates a GUI with input fields for:

  • Buy/Sell entry prices

  • Stop loss levels

  • Take profit targets (4 levels)

  • Lot size

• Sets up buttons for placing orders, closing all positions, toggling order type, and calculating lot size

• Displays risk management information (account balance, risk percentage, max lot size)

Order Placement

1. User enters parameters in the input fields:

   • Entry prices (buy and/or sell)

   • Stop loss levels

   • Take profit targets (up to 4)

   • Lot size (or calculates automatically)

2. When "Place Orders" is clicked:

   • Converts pending orders into 4 separate orders (one for each TP level)

   • Each order has 1/4 of the total lot size

   • Uses either stop or limit orders based on toggle setting

   • Assigns unique magic numbers and comments to track orders

Risk Management

• Calculates maximum lot size based on:

  • Account balance

  • User-defined risk percentage (default 5%)

  • Distance between entry and stop loss

• Updates risk information in real-time on the chart

Additional Functionality

• Close All: Closes all open positions and deletes pending orders

• Order Type Toggle: Switches between stop and limit orders

• Auto Lot Calculation: Calculates appropriate lot size based on stop loss distance

• Trailing Stop: Moves stop loss to breakeven when first TP is hit

• Security Checks: Validates authorized accounts and license expiration

Technical Details

• Uses separate orders for each TP level rather than partial closes

• Maintains visual feedback through chart labels

• Includes error handling for order operations

• Designed for forex markets (handles JPY pairs correctly)

This EA provides a structured way to implement multi-target trading strategies while maintaining strict risk control parameters.