Closing all trades when....

Quoting smjones

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I modified a EA to do this. If you are running an EA already, just put this on a fresh chart in the same account. I use GBPJPY, because it gets the most pip action. The pair is really not important, because it just uses the tick change to activate like all EAs.

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Quoting jr2007

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Hey everyone who has posted EA on this thread........thank you very much. I only have a few questions. When using the EA, does the EA only work on the present open orders? Or, will it work on pending orders that will come into play? Also, do I need to have my computer running after the EA has been entered? Any help will greatly be appreciated.

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Quoting smjones

Disliked

The 2 I posted work on both the open and pending orders. As with all EAs, the computer must be running with MT4 running and connected to the broker for the EA to be active.

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Quoting smjones

Disliked

I modified a EA to do this. If you are running an EA already, just put this on a fresh chart in the same account. I use GBPJPY, because it gets the most pip action. The pair is really not important, because it just uses the tick change to activate like all EAs.

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Quoting jr2007

Disliked

I have been testing this EA "CloseTrades_After_Account_Loss_Prcnt2much" , with no success. I am able to activate it on to the chart, and it even gives me the "My Acct. cutoff limit:-$xxx.xx. When it reaches the cutoff limit, no action is taken. What am I doing wrong. It is in the experts/scripts folder. I drag/drop it into the chart. I am using two pairs EURUSD/USDCHF. 15min chart. I have attch the options. Any help would greatly be appreciated. Thank you

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Quoting athalon7

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I had this programmed and use to sell it. I sold more than a few. The best way to use it is set "Use Equity Percentage" to false and program your settings. Read the directions.

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Quoting smjones

Disliked

It is not a script. It is an EA. It goes in the Expert folder, not the Expert/script folder. If you already have an EA running, put this EA on a new chart by itself and it will manage closing all trades when the percent is hit. As I said above in the first post, I run it on GBPJPY, because GJ has more ticks and as with any EA, they are activated by each tcik.

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//+------------------------------------------------------------------+
//|                      CloseTrades_After_Account_Loss_TooMuch.mq4  |
//|                                     Copyright © 2007, Tradinator |
//|                                          [email protected] |
//+------------------------------------------------------------------+

#property copyright "Copyright © 2007, Tradinator"
#property link      "[email protected]"
                                           
                                           
extern double     Percent_Win= 1;                                              //+---------------------------------------------------------------------+
//extern double Open_Loss_To_CloseTrades=-1000;  //|The amount of money at which you want to take a loss & close ALL     |
                                               //|open trades. eg if the floating loss in your account reaches or goes |
                                               //|beyond -$1000 then ALL the open positions in your account will be    |
                                               //|closed.                                                              |      
                                               //+---------------------------------------------------------------------+
extern double     Percent_Loss = 1;                                              //+---------------------------------------------------------------------+
//extern double Open_Loss_To_CloseTrades=-1000;  //|The amount of money at which you want to take a loss & close ALL     |
                                               //|open trades. eg if the floating loss in your account reaches or goes |
                                               //|beyond -$1000 then ALL the open positions in your account will be    |
                                               //|closed.                                                              |      
                                               //+---------------------------------------------------------------------+                                               
int Slippage=5;                                 
int i;

//+------------------------------------------------------------------+
//| expert initialization function                                   |
//+------------------------------------------------------------------+
int init()
  {
//---- 
   
//----
   return(0);
  }
//+------------------------------------------------------------------+
//| expert deinitialization function                                 |
//+------------------------------------------------------------------+
int deinit()
  {
//---- 
   
//----
   return(0);
  }
//+------------------------------------------------------------------+
//| expert start function                                            |
//+------------------------------------------------------------------+

int start()
{
double My_Percent_Profit1 = Percent_Win / 100;
double My_Money_Profit_Target1 = AccountBalance() * My_Percent_Profit1;

if (AccountProfit()>= My_Money_Profit_Target1)
   {
    for(i=OrdersTotal()-1;i>=0;i--)
       {
       OrderSelect(i, SELECT_BY_POS);
       int type1   = OrderType();
               
       bool result1 = false;
              
       switch(type1)
          {
          //Close opened long positions
          case OP_BUY  : result1 = OrderClose(OrderTicket(),OrderLots(),MarketInfo(OrderSymbol(),MODE_BID),Slippage,Pink);
                         break;
               
          //Close opened short positions
          case OP_SELL : result1 = OrderClose(OrderTicket(),OrderLots(),MarketInfo(OrderSymbol(),MODE_ASK),Slippage,Pink);
                         break;
           //  Close pending orders
            case OP_BUYLIMIT  :
            case OP_BUYSTOP   :
            case OP_SELLLIMIT :
            case OP_SELLSTOP  : result1 = OrderDelete( OrderTicket() );                 
          }
          
       if(result1 == false)
          {
            Sleep(3000);
          }  
       }
      Print ("Account Cutoff Limit Reached. All Open Trades Have Been Closed");
      return(0);
   }  
   
   Comment("Balance: ",AccountBalance(),", Account Equity: ",AccountEquity(),", Account Profit: ",AccountProfit(),
           "nMy Account Profit Limit: ",My_Money_Profit_Target1);


double My_Percent_Profit2 = -1 * Percent_Loss / 100;
double My_Money_Profit_Target2 = AccountBalance() * My_Percent_Profit2;

if (AccountProfit()<= My_Money_Profit_Target2)
   {
    for(i=OrdersTotal()-1;i>=0;i--)
       {
       OrderSelect(i, SELECT_BY_POS);
       int type2   = OrderType();
               
       bool result2 = false;
              
       switch(type2)
          {
          //Close opened long positions
          case OP_BUY  : result2 = OrderClose(OrderTicket(),OrderLots(),MarketInfo(OrderSymbol(),MODE_BID),Slippage,Pink);
                         break;
               
          //Close opened short positions
          case OP_SELL : result2 = OrderClose(OrderTicket(),OrderLots(),MarketInfo(OrderSymbol(),MODE_ASK),Slippage,Pink);
                         break;
           //  Close pending orders
            case OP_BUYLIMIT  :
            case OP_BUYSTOP   :
            case OP_SELLLIMIT :
            case OP_SELLSTOP  : result2 = OrderDelete( OrderTicket() );                 
          }
          
       if(result2 == false)
          {
            Sleep(3000);
          }  
       }
      Print ("nnAccount Cutoff Limit Reached. All Open Trades Have Been Closed");
      return(0);
   }  
   
   Comment("nnnBalance: ",AccountBalance(),", Account Equity: ",AccountEquity(),", Account Profit: ",AccountProfit(),
           "nMy Account Cutoff Limit: ",My_Money_Profit_Target2);  
  return(0);
}