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Partial Close EA

2.67

The most simple and easy to use Partial Close EA (by Rimantas Petrauskas)

The main idea of this EA is to apply partial close to your positions. EA will automatically find your open market positions and apply partial close according to your settings.

For those who do not know what Partial Close is: it is simply an action to close only a part of your position. For example, if your trade lot size is 1.2 and you close 25% of it (which is 0.3) you will still have 0.9 lot size trade running and existing bank profits from that 0.3 lot size that was just closed. This action obviously can be performed manually, but if you want to program your MT4 to do this for you then you need "Partial Close EA".


How to use Partial Close EA?

The EA should be attached to a separate chart on your MT4 and it will apply partial close to all trades selected by magic number or trade number. The EA will see the trades of that currency pair (instrument) that it is attached to. By default the EA will apply partial close to any market order on the currency pair (instrument) it is attached to. The EA can also be applied to non-Forex pairs/instruments like Indices, Commodities, etc. For this you might need to use CustomPipSizes option (read explanation below).


Partial Close EA Inputs

  • ManageMagicNumber — This tells the EA to apply partial close to trades only with certain magic number you choose. If this value is set to zero, the EA will manage only manually opened trades. If you set this to -1 (negative one), the EA will manage all of the trades running on the account (default value).
  • ManageTradeNumber — This tells the EA to apply partial close only to the trade number specified. This will also make the EA ignore the ManageMagicNumber option.
  • ManageTradeWithComment - This tells the EA to apply partial close only to those trades that have a specified text in "trade comment". If you set this parameter to "777", it will manage trades that have "trade comment" like "1777" or "777" or "777565, but not "7737" or trades with no "trade comment" at all.
  • PartialCloseCount — This tells the EA to apply partial close X times. Set this to zero to disabled Partial Close option.
  • PartialCloseOnHoldPips — This tells the EA to start partial close when trade reaches X pips in profit. Zero means EA will start applying partial close at the first target (PartialCloseStepPips). If this option is set to 50 pips and PartialCloseStepPips=20 pips, then EA would wait for the trade to reach profit of 50 + 20 = 70 pips to close the first part of the trade.
  • PartialCloseStepPips — This tells the EA to apply partial close each X pips in profit. If this option is set to 20 pips and PartialCloseCount=3, then EA will apply partial close 3 times every 20 pips. This means TP1 = 20 pips, TP2 = 40 pips and TP3 = 60 pips.
  • PartialCloseStepPercent — This tells EA to close X% of the trade. Percentage of the lot size is counted from the initial lot size.
  • PartialCloseBreakEvenAfter — This indicates after how many partial closes EA should move stop loss to a break-even point (open price + few pips to cover commission expenses). Zero value means no break-even will be applied.
  • CustomPipSizes — I have added this option because there are no standard pip sizes for indices and other non-Forex pairs between brokers. This option allows you to override the pip size that the EA will detect automatically. In 99% cases EA will work fine on all Forex pairs, but for non-Forex pairs you might notice that pip size is different between brokers. For example NAS100 with one broker might be quoted with 1 decimal and another broker might quote it to 2 decimals. Here is an example how to enter in a comma separated list of custom pip sizes: XAUUSD=0.1,XAGUSD=0.01,WTI=0.1
  • For those who are using EA on a non-Forex pairs please set the CustomPipSizes option correctly according to your broker settings. Sorry, I am unable to help you setting this option, because each broker might need different value.
  • SlippageClosePips — This is the slippage setting EA will use to exit the market (close the trade). Note that not all brokers use this and this will be ignored by your broker on ECN accounts. If you do not know what that is, simply leave it as is.


Author

Rimantas Petrauskas, programmer, software engineer, algorithmic Forex trader.

Comentários 20
darktideac2
247
darktideac2 2016.04.06 19:26 
 

Great program! Other scale out EA's I have tried worked only on attached chart and you had to set timeframe manually and cost 10x as much as this one.

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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
Equity Shield
Vladimir Stepanov
4.57 (7)
O Expert Advisor protegerá sua conta de perdas inesperadas monitorando constantemente o patrimônio e seguindo as regras conforme a entrada nos parâmetros. Quando as regras forem violadas, o EA fechará todas as negociações. Você pode configurar o EA para fechar todas as negociações com uma certa porcentagem ou perda de dinheiro, ou para fechar com uma certa porcentagem ou lucro em dinheiro. Este utilitário é muito útil para os Prop Trading Challenges para manter o draw baixo e proteger seu patri
Custom Ultimate Sniper Dashboard
Hispraise Chinedum Abraham
5 (2)
Este painel de atiradores personalizados Ultimate Sniper Dashboard é uma actualização EA para o indicador original Ultimate Sniper Dashboard. Trabalha com até 98 algoritmos diferentes para assegurar que capta a verdadeira natureza de uma tendência numa classe de activos com que se trabalha. É uma resposta directa a muitas das sugestões e conselhos que recebemos da maioria dos nossos clientes ao longo de vários meses.   Esta versão personalizada é totalmente personalizável. Alimentada por 98
Take a Break
Eric Emmrich
5 (26)
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
News Trapper EA
Noha Mohamed Fathy Younes Badr
5 (6)
Hi, all.  News trapper EA It is an expert for trading very safe expert  put Settings interest rate only or high impact news for Automated Trading on the news of the economic calendar. It shows stable trading during last 10  years. EA doesn't use dangerous technologies like martingale, grid. The Expert is very simple to use. The program contains flexible settings In the terminal settings, you need to add the news site to the list of allowed URLs. Click Tools >Options > Expert Advisors. Check th
Exp Averager
Vladislav Andruschenko
4.79 (19)
Exp-Averager   foi projetado para calcular a média de suas negociações que receberam um certo rebaixamento, abrindo negociações de média. O consultor tem a capacidade de abrir novas posições na tendência ou contra a tendência atual. Ele também inclui um recurso de parada móvel inteligente que se aplica a uma série de posições. O orientador pode aumentar ou diminuir o tamanho do lote das posições. Esta é uma estratégia amplamente utilizada para trazer posições perdedoras ao preço médio. Versão
TPSpro Trade PRO
Roman Podpora
5 (3)
-  Version MT5  (Coming soon) An instrument capable of instantly calculating position size or risk based on a specified stop-loss level is critically important for both professional traders and beginners. Trading utility  TRADE PRO   provides fast and accurate calculations, helping you make decisions in conditions of limited time and increased market volatility. Main functions: Original. Simple. Effective. Original and convenient opening of the main trading panel: Simply hover your mouse over th
TakePropips TradePad Pro
Eric John Pajarillaga Aldana
5 (4)
TakePropips TradePad Pro inclui um poderoso gerenciador comercial, medidor de força da moeda, ferramentas de relatórios de contas, ferramentas de gerenciamento de risco e muito mais! É um dos gerentes e assistentes comerciais forex mais avançados que você jamais encontrará! É a solução perfeita para traders que desejam uma maneira mais eficiente de gerenciar transações comerciais. Você pode baixar o manual do usuário em nosso blog:   https://www.mql5.com/en/blogs/post/751180 Você pode testar e
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Timed Exit EA
Rimantas Petrauskas
5 (2)
The most simple and easy to use Timed Exit EA to close all trades automatically at specific time each day (hours:minutes:seconds) (by Rimantas Petrauskas) The main idea of this EA is to automatically close trades daily at your specified time. For example if you set EA to close all trades at 15:29:30, EA will do this each day when markets are open. This way you can set the EA to close all trades before the news. EA should be attached to a separate chart of any time frame on your MT4 and it will s
Filtro:
bikletona
44
bikletona 2020.03.02 12:44 
 

NO FUNCIONA YA

Cameron DAndrea
244
Cameron DAndrea 2018.01.26 15:34 
 

Once u get it figured out it work great

14048788
137
14048788 2018.01.14 01:22 
 

I bought it But it's not working.

Victor Angel Revilla Marquez
2153
Victor Angel Revilla Marquez 2017.10.23 05:30 
 

dosent work, what disgusting thing

Lee Bryant
2679
Lee Bryant 2016.09.20 16:51 
 

O usuário não deixou nenhum comentário para sua avaliação

bkarri
87
bkarri 2016.08.10 05:55 
 

Break even functionality is not working in this EA.

Example:: If break even is expected to happen on a trade after x number of partial closes, EA is modifying trade to break even right at first partial close. EA is not considering value specified. NO RESPONSE FROM AUTHOR YET. Waiting to hear back from Rimantas/ seller /author. Will update this review after response from them.

darktideac2
247
darktideac2 2016.04.06 19:26 
 

Great program! Other scale out EA's I have tried worked only on attached chart and you had to set timeframe manually and cost 10x as much as this one.

junghunna7
14
junghunna7 2015.04.23 11:45 
 

O usuário não deixou nenhum comentário para sua avaliação

mikal
15
mikal 2015.04.02 15:50 
 

O usuário não deixou nenhum comentário para sua avaliação

mrsparky
48
mrsparky 2015.03.31 14:13 
 

O usuário não deixou nenhum comentário para sua avaliação

tradderx
334
tradderx 2015.03.31 08:23 
 

O usuário não deixou nenhum comentário para sua avaliação

agustrader01
14
agustrader01 2015.03.27 03:55 
 

O usuário não deixou nenhum comentário para sua avaliação

chadhansen1
14
chadhansen1 2015.03.23 07:06 
 

O usuário não deixou nenhum comentário para sua avaliação

Rabbitpips
299
Rabbitpips 2015.03.19 02:03 
 

O usuário não deixou nenhum comentário para sua avaliação

Artep05
1613
Artep05 2015.03.17 21:38 
 

O usuário não deixou nenhum comentário para sua avaliação

ptrader
18
ptrader 2015.03.16 13:07 
 

O usuário não deixou nenhum comentário para sua avaliação

stevenvasen
17
stevenvasen 2015.03.16 09:51 
 

O usuário não deixou nenhum comentário para sua avaliação

Cesta
24
Cesta 2015.03.10 22:23 
 

O usuário não deixou nenhum comentário para sua avaliação

Povilas Zukauskas
18
Povilas Zukauskas 2015.03.04 09:04 
 

O usuário não deixou nenhum comentário para sua avaliação

Mujeeb Abdul
2183
Mujeeb Abdul 2015.02.28 17:40 
 

O usuário não deixou nenhum comentário para sua avaliação

Responder ao comentário
Versão 1.4 2021.03.08
Added compatibility with the latest MetaTrader 4 Build.
Versão 1.3 2016.09.28
Fixed "ManageTradeWithComment" parameter.
Versão 1.2 2016.09.20
Fixed break-even error. Now PartialCloseBreakEvenAfter parameter works correctly.

Added new feature (parameter): ManageTradeWithComment

ManageTradeWithComment - this tells the EA to apply partial close only to those trades that have specified text in "trade comment". If you set this parameter to "777", it will manage trades that have "trade comment" like "1777" or "777" or "777565, but not "7737" or trades with no "trade comment" at all.
Versão 1.1 2015.12.23
Fixed problems detecting price Digits when using CustomPipSizes option.