Partial close StopLoss (Neither trailing nor partial TP) | Forex Factory

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Partial close StopLoss (Neither trailing nor partial TP)

  • #1
  • First Post: Edited Sep 3, 2013 4:44am Aug 31, 2013 9:19pm | Edited Sep 3, 2013 4:44am
  •  flx
  • | Joined Dec 2008 | Status: Avoid Death by a Thousand Stops | 86 Posts
What I´m looking for is an EA that partialy closes your trade [if in loss].
Ex.:
60% at 10 pips negative
20% at 30 pips negative
20% -50 pips

I couldn´t find no EA that can do this.
Does anybody know one? Please?


-What is the point of doing this way?
At the same time you will have tigh stoploss for a big lot trade and wide SL for small amount.
Put pre-orders in sweet spots [like double tops, etc] and if right, colect a lot of juice . But if not THAT right, colect a little juice anyway. Of course, if wrong SL will realize.
*Someone said "95% of traders loose money on FX" but they are not aways wrong about the direction. Just timing.
What goes around comes around
  • #2
  • Sep 2, 2013 9:43pm Sep 2, 2013 9:43pm
  •  flx
  • | Joined Dec 2008 | Status: Avoid Death by a Thousand Stops | 86 Posts
Nobody?
What goes around comes around
  • #3
  • Sep 23, 2013 10:31pm Sep 23, 2013 10:31pm
i use separate multiple stop orders to achieve partial s/l then close them using close by option (to recover spread).

ex.

buying 1 lot @ 99.80

pending stop sell orders @
0.6 lot @ 99.70
0.2 lot @ 99.50
0.2 lot @ 99.30
Mohan
  • #4
  • Edited 11:43am Sep 28, 2013 10:19am | Edited 11:43am
  •  flx
  • | Joined Dec 2008 | Status: Avoid Death by a Thousand Stops | 86 Posts
Thank you. I will try that way in the next trade.

Hope its not hedge, doubling spread and swap
What goes around comes around
  • #5
  • Sep 29, 2013 6:05pm Sep 29, 2013 6:05pm
  •  flx
  • | Joined Dec 2008 | Status: Avoid Death by a Thousand Stops | 86 Posts
Quoting mohan76
i use separate multiple stop orders to achieve partial s/l then close them using close by option (to recover spread). ex. buying 1 lot @ 99.80 pending stop sell orders @ 0.6 lot @ 99.70 0.2 lot @ 99.50 0.2 lot @ 99.30
Tried today to understand the modo. This is hedge, so doesn't apply to the OP idea.


Thank you for this out of the box style
What goes around comes around
  • #6
  • Sep 29, 2013 9:35pm Sep 29, 2013 9:35pm
Quoting flx
{quote} Tried today to understand the modo. This is hedge, so doesn't apply to the OP idea. Thank you for this out of the box style

hedge is indirect stop , if you use close by option it will turn as normal stop effect

here i have attach script try it on demo first
Attached File(s)
File Type: mq4 hedge_killer-symbol.mq4   3 KB | 942 downloads
Mohan
  • #7
  • Sep 29, 2013 10:12pm Sep 29, 2013 10:12pm
  •  flx
  • | Joined Dec 2008 | Status: Avoid Death by a Thousand Stops | 86 Posts
Just tried now at Demo.
As its name sugests...
It instantly closes running hedge trades. But only equal amount of both sides.
3buy-2sell = 1buy
3buy-3sell = 0

Worked fine on EURJPY and EURUSD

Thank you for the EA.

I agree that "hedge is indirect stop" but pay one second spread and swap. Didn't work in EUA brokers that block hedge [just saying]

"close by option" is the manual choose the amount to close? Manual is what we want to avoid here.
What goes around comes around
  • #8
  • Edited 10:55pm Sep 29, 2013 10:20pm | Edited 10:55pm
Quoting flx
Just tried now at Demo. As its name sugests... It instantly closes running hedge trades. But only equal amount of both sides. 3buy-2sell = 1buy 3buy-3sell = 0 Worked fine on EURJPY and EURUSD Thank you for the EA. I agree that "hedge is indirect stop" but pay one second spread and swap. Didn't work in EUA brokers that block hedge [just saying] "close by option" is the manual choose the amount to close? Manual is what we want to avoid here.

2nd spread will be charge if you use Close option , by using close by option we can avoid 2nd spread , most trade make this mistake , learned after 2 years of my trading life

if you check history , it will shows one trade closed with 0 profit/loss other one closed with actual profit/loss

Edit check equity before closing and after closing you can notice spread recovered
Mohan
  • #9
  • Jan 15, 2015 4:38am Jan 15, 2015 4:38am
Where are those fake 'real' traders who trade without stoplosses.I dare you to trade without stoploss again.With EuroChf falling 3000+ pips r.i.p to your forex accounts.i wish swissy rally got you naked with no SL . lol
  • #10
  • Last Post: Mar 4, 2025 8:27am Mar 4, 2025 8:27am
  •  T.mo
  • | Joined Oct 2021 | Status: Trader | 1 Post | Online Now
Quoting flx
Nobody?
HEY! Did you ever find this? I’m looking for something similar but one which moves SL to break even after reaching a certain target, and THEN allows you to close partials. Main reason for this is so that I can leave setups as they’re running instead of checking now and then.
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