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Open a position for EA MT4

5
Hello everyone,
this is another utility that I wrote specifically for users using my profile with a large number of experts and sets (https://www.mql5.com/en/blogs/post/750723) .
This utility is useful for working with a profile using grid strategies (averaging and martingale). As we know, such strategies periodically fall into a large drawdown and you need to be careful when opening averaging positions (do not open too many). In my profile, I use a limit of 3 positions for each EA, if this was not enough to exit the drawdown, then the positions are against a strong trend and you need to choose a key level (the most likely for a rebound or trend reversal) to open the next position.
Consider the situation, some EA has opened 3 positions against the trend, then you do not want EA to continue averaging on its own, but you want to choose the price value at which to open the next position. To do this, you need: 
  1. Attach the utility "Open a position for EA" to the chart of the symbol for which the drawdown.
  2. In the "Magic_positions" parameter, register the magic number of EA whose positions are in drawdown. This is necessary so that EA takes into account the open position of the "Open a position for EA" utility, this will allow EA to control all open positions and close them at the appropriate moment.
  3. Specify the desired trading lot size for the new position in the "Lots" parameter.
  4. Set the desired price to open the next position in the "Price_for_pending_order" parameter field. The type of orders will suit "ORDERS_LIMIT" (selected in the "Type_Orders" parameter), but in some situation "ORDERS_STOP" may be useful to you, or you can just instantly open a position at the current price (without taking into account the "Price_for_pending_order" parameter) - MARKET_BUY or MARKET_SELL. 
That's all,  I'll describe a few more additional parameters that may come in handy.
  • "Comment_position" - comment for a new position/order, can be any (does not affect anything).
  • "Allow_only_in_direction_open_positions" - if "true", it will allow you to open a position/order only in the direction of open positions (i.e. BUY or SELL). It's like insurance, so as not to accidentally open a trade in another direction.
  • "Delete_order_if_position_opened" - if "true", the pending order will be deleted if a position with the specified magic number somehow opens (for example, EA will open a position according to its logic, or another pending order with this magic number  will be trigger).
  • "Remove_utility_after_execution" - if "true", the utility will be removed from the chart after performing its function.   


İncelemeler 1
Andreas Andrianto
785
Andreas Andrianto 2023.12.28 10:42 
 

This is a great tool that I am looking for, and it's free!

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DrawDown Limiter MT4
Haidar, Lionel Haj Ali
5 (9)
Drawdown Limiter EA You are in the right place if you were searching for Drawdown control, Drawdown limiter, Balance protection, Equity Protection or Daily Drawdown Limit related to Prop Firm, FTMO, or Funded account trading, or if you want to protect your trading account. Have you suffered from controlling your drawdown when trading funded accounts? This EA is meant for you. Prop firms usually set a rule called “Trader Daily Drawdown”, and if it is not respected, you are disqualified.  I am an
KT Equity Protector MT4
KEENBASE SOFTWARE SOLUTIONS
3 (2)
KT Equity Protector EA consistently monitors the account equity and closes all the market and pending orders once the account equity reached a fixed equity stop loss or profit target.  After closing all trading positions, the EA can close all open charts to stop other expert advisors from opening more trading positions. Equity Stop-Loss If your current account balance is $5000 and you set an equity stop loss at $500. In this case, the KT Equity Protector will close all the active and pending
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FREE SIGNAL CHANEL:  https://t.me/redfox_daily_forex_signals Time saving and fast execution Whether you’re traveling or sleeping, always know that Telegram To Mt4 performs the trades for you. In other words, Our   Telegram MT4 Signal Trader  will analyze the trading signals you receive on your selected Telegram channels and execute them to your Telegram to MT4 account. Reduce The Risk Telegram To Mt4   defines the whole experience of copying signals from   Telegram signal copier to mt4  p
Bu program, çok kullanıcı dostu bir arayüz kullanarak MetaTrader hesabınızdaki tüm işlemleri doğrudan Notion'a aktarmanıza olanak tanır.  MT5 Sürümü  |  Kullanıcı Kılavuzu + Deneme Başlamak için lütfen Kullanıcı Kılavuzunu kullanın ve Notion Şablonunu indirin. Eğer bir deneme istiyorsanız, lütfen Kullanıcı Kılavuzuna gidin. Strateji testinde çalışmaz! Ana Özellikler Tüm işlemleri ticaret hesabınızdan Notion'a aktarın En Son Gün işlemlerini aktarın Son Hafta işlemlerini aktarın Son Ay işlemlerin
The top-selling EAs on the market cost a lot and one day they are suddenly gone. This is because one strategy will not work in the forex market all the time. Our product is unique from all others in the MQL Marketplace because our EA comes with 34+ built-in indicators that allow adding more strategies every time.  You build your strategy and keep updating it. If one strategy does not work, simply build another all using only one EA. This is All-In-One EA in this market place. You can use as trad
Comprehensive on chart trade panel with the unique ability to be controllable from mobile as well. Plus has a library of downloadable configuration, e.g. exit rules, extra panel buttons, pending order setup and more. Please see our product video. Works with all symbols not just currency pairs. Features On chart panel plus controllable from free app for Windows, iPhone and Android Built-in script engine with library of downloadable configuration, e.g. add 'Close All Trades in Profit' button, exit
MT4 Alert Signal Trader  is an EA that helps you trade MT4 Alert popup. Some indicators can provide signals by showing an alert popup containing signal texts. This EA will read and trade these signal texts. The alert texts should contain at least 2 elements:  (1) a symbol text   (ex: "EURUSD") and  (2) a command type   (ex: "Buy", "Sell", "Close") that trigger EA's trading activities. Some other contents that may have or not are open price, stop loss, take profit values... The EA needs an aweso
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
TakePropips TradePad Pro
Eric John Pajarillaga Aldana
5 (4)
TakePropips TradePad Pro , güçlü bir ticaret yöneticisi, para birimi gücü ölçer, hesap raporlama araçları, risk yönetimi araçları ve daha fazlasını içerir! Karşılaşacağınız en gelişmiş forex ticaret yöneticisi ve ticaret asistanlarından biridir! Ticari işlemleri yönetmenin daha verimli bir yolunu isteyen tacirler için mükemmel bir çözümdür. Kullanım kılavuzunu blog yazımızdan indirebilirsiniz:   https://www.mql5.com/en/blogs/post/751180 Bu ticaret sistemini Strateji Test Aracında test edebilirsi
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 the right part of the chart and cli
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Konstantin Kulikov
4.28 (29)
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Birkaç yıldır kullandığım çok yararlı bir robotu tanıtıyorum. Hem yarı otomatik hem de tam otomatik modlarda kullanılabilir. Program, ekonomik takvim haberlerinde esnek ticaret ayarlarını içeriyor. Stratejiler test cihazında kontrol edilemez. Sadece gerçek bir iş. Terminal ayarlarında, haberler sitesini izin verilen URL'ler listesine eklemeniz gerekir. Servisler > Araçlar > Danışmanlar'a tıklayın. "Aşağıdaki URL'ler için WebRequest'e İzin Ver:" kutucuğunu işaretle. Aşağıdakini ekleyin (boşluğ
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3.88 (8)
This EA trades a weekly gap, opening trades on the Friday before the market close and closing trades on Monday morning. This strategy do not contain grid and martingale elements. I have been using this strategy for a long time with my "Breakthrough Strategy" EA. I intentionally did not over-optimize the sets for "Breakthrough Strategy", as they have been showing good results for a long time on a real account: https://www.mql5.com/en/signals/395124 . Therefore, as an alternative or addition to t
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3.33 (3)
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3.81 (117)
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The utility places trailing stop, breakeven, stop loss and take profit.‌ It is necessary to allow automated trading in the terminal settings. In testing mode, the utility opens Buy or Sell positions on the first ticks, which allows you to visually observe the given logic, changing the utility parameters. In real mode, the utility does not open positions. Parameters magic   - magic number. If less than 0, positions with any magic number are tracked. only_this_symbol   - only chart symbol. If fals
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Konstantin Kulikov
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Konstantin Kulikov
5 (3)
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Konstantin Kulikov
4.2 (5)
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Konstantin Kulikov
4.25 (4)
Hello algo traders. This Expert Advisor can be considered the apogee of my activity in Forex. I managed to apply all my knowledge to the development of this trading system. The Expert Advisor trades on gold (XAUUSD), any timeframe (the same on any TF), the initial account balance is from $50. The following presets are available "GS default SL 001for100" (same as default settings). Each position has several closing logics, including a hidden StopLoss, which is calculated individually for each
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FREE
Good Monday
Konstantin Kulikov
5 (8)
The expert trades at the opening of the market after the weekend, focusing on the price gap (GAP). Already developed sets are in the comments. At the same time, various options are available in the expert settings, allowing you to create your own unique sets yourself.  Download settings (sets):   https://www.mql5.com/en/blogs/post/747929 Currency pairs for which the sets have been developed: GBPUSD, AUDUSD, NZDUSD, USDCAD, EURGBP, EURCHF, GBPCAD, GBPAUD, AUDCHF, AUDJPY, AUDNZD, CHFJPY, CADJPY,
Hello friends. I wrote this utility specifically for use in my profile with a large number of Expert Advisors and sets ("Joint_profiles_from_grid_sets"   https://www.mql5.com/en/blogs/post/747929 ). Now, in order to limit losses on the account, there is no need to change the "Close_positions_at_percentage_of_loss" parameter on each chart. Just open   one   additional chart, attach this utility and set the desired percentage for closing all trades on the account. The utility has the following fu
FREE
The utility places virtual (hidden from your broker) trailing stop, breakeven, stop loss and take profit.‌ It is necessary to allow automated trading in the terminal settings. In testing mode, the utility opens Buy or Sell positions on the first ticks, which allows you to visually observe the given logic, changing the utility parameters. In real mode, the utility does not open positions. Parameters magic   - magic number. If less than 0, positions with any magic number are tracked. only_this_sym
The utility places stop loss and take profit for opened orders. It is necessary to allow automated trading in the terminal settings. Parameters magic - magic number. If less than 0, orders with any magic number are processed. only_this_symbol - only chart symbol. If false , orders of any symbols are processed. Take_Profit - take profit (TP). If the value is less than 0, then TP does not change. If the value equal to 0, TP is nullified (removed); Stop_Loss - stop loss (SL). If the value is less t
FREE
The utility places virtual (hidden from your broker) trailing stop, breakeven, stop loss and take profit.‌ It is necessary to allow automated trading in the terminal settings. In testing mode, the utility opens Buy or Sell positions on the first ticks, which allows you to visually observe the given logic, changing the utility parameters. In real mode, the utility does not open positions. Parameters magic   - magic number. If less than 0, positions with any magic number are tracked. only_this_sy
Hello everyone, this is another utility that I wrote specifically for users using my profile with a large number of experts and sets ( https://www.mql5.com/en/blogs/post/750723 ) . This utility is useful for working with a profile using grid strategies (averaging and martingale). As we know, such strategies periodically fall into a large drawdown and you need to be careful when opening averaging positions (do not open too many). In my profile, I use a limit of 3 positions for each EA, if this w
FREE
Tracking positions using trailing on the Parabolic SAR indicator. It is necessary to allow automated trading in the terminal settings. In testing mode, the utility opens Buy or Sell positions on the first ticks, which allows you to visually observe the given logic, changing the utility parameters. In real mode, the utility does not open positions. Parameters magic  - magic number. If less than 0, positions with any magic number are tracked. only_this_symbol  - only chart symbol. If  false , posi
FREE
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Konstantin Kulikov
5 (1)
Tracking positions using trailing on the Parabolic SAR indicator. It is necessary to allow automated trading in the terminal settings. In testing mode, the utility opens Buy or Sell positions on the first ticks, which allows you to visually observe the given logic, changing the utility parameters. In real mode, the utility does not open positions. Parameters magic  - magic number. If less than 0, positions with any magic number are tracked. only_this_symbol  - only chart symbol. If  false , posi
FREE
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3.75 (4)
This utility allows to record the spread value to the file, which is equal to or greater than the value specified in the settings, at the specified time. The utility also displays useful information on the symbol's chart: current spread value in points, name of account holder, name of trading server, leverage, the size of the swap for buy orders, the size of the swap for sell orders, day of the week for accruing triple swap, the size of a point in the quote currency, the minimum allowed level of
FREE
The utility places trailing stop, breakeven, stop loss and take profit.‌ It is necessary to allow automated trading in the terminal settings. In testing mode, the utility opens Buy or Sell positions on the first ticks, which allows you to visually observe the given logic, changing the utility parameters. In real mode, the utility does not open positions. Parameters magic  - magic number. If less than 0, positions with any magic number are tracked. only_this_symbol  - only chart symbol. If  false
Filtrele:
Andreas Andrianto
785
Andreas Andrianto 2023.12.28 10:42 
 

This is a great tool that I am looking for, and it's free!

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