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Take profit in money

  • Post #1
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  • First Post: Nov 12, 2016 4:09am Nov 12, 2016 4:09am
Hello guys, i have a question from coders whom can help
suppose I have 5 buy traders open, how can i set their take profit to where it gives me $10 profit? i know i can check their profit in every market tick and close all when reach, but i want to set a take profit for trades which is safer,
thank you, if any body helps...
Cycle through all open orders with an EA and add Order Profit for each order.
Set a target value and then when Total profit reaches that value close all orders.

If you need an EA coding to do it let me know and will look when have time.

Are your orders generated by an EA (I.e. do they have a MagicNumber) or do you just want to close all open orders when target reached?

M.
If you think I'm mad, I must be mad
Here you go.
Something like this should do it.
Not tested.
(If I did not understand just let me know)

M.
Attached File(s)
File Type: mq4 mn CloseAtProfit.mq4   2 KB | 379 downloads
If you think I'm mad, I must be mad
I use this one, works good.
But if you use account with commission, it doesn't count commission, so set bit more than 10.

Attached File(s)
File Type: ex4 CloseAtProfit.ex4   29 KB | 403 downloads
Please add more indicators, I still see the real price! Thanks!
Thank you guys, yes, i have an EA that gets account profit and closes all open trades, but i needed a piece of code to set take profits, let me check if your attachments works..
Quoting futurespec
Here you go. Something like this should do it. Not tested. (If I did not understand just let me know) M. {file}
That is not what i want, i need a code to set take profit for all open orders at a common price!
Quoting Crackpot
I use this one, works good. But if you use account with commission, it doesn't count commission, so set bit more than 10. {file}
Seems that is the thing that i want, but i need code not ex4, do you have the code, or do you know how to code this?
I don't get it, but your question could mean:

1.$10 total profit for all position. If its what you mean, then you should add something like this:
bool CloseAll=NULL;
//Check your total profit and set trigger
If (10>=AccountProfit()) CloseAll=1;
//Reset your close position trigger after all pos closed
If (CloseAll==1 && OrdersTotal()==0) CloseAll=0;
//Close after your total profit reach $10
if ((CloseAll==1)
{
for (int a=0, a<OrdersTotal(), a++)
{
OrderSelect(a, SELECT_BY_POS, MODE_TRADES);
if (CloseAll>=1) OrderClose(......);
a--;
}
}

2.If you want to close after each trade reach $10 profit:
for (int a=0, a<OrdersTotal(), a++)
{
OrderSelect(a, SELECT_BY_POS, MODE_TRADES);
if (OrderProfit()>=10) OrderClose(.....);
a--;
}
Sorry do not understand.
code to set take profit for all open orders at a common price!

Do you mean several open orders for same pair?
And then want profit for that pair?

M.
If you think I'm mad, I must be mad
If you mean to calculate take profit:

extern double ProfitInUsd = 10;
double TickValuePerLot=NULL, PosValue=NULL;

//Check tick value per lot;
TickValuePerLot=MarketInfo(Symbol(), MODE_TICKVALUE);
//Adjust it to your position size
PosValue=Lot*TickValuePerLot;
//Set the tp at$10:
TakeProfit=MarketInfo(Symbol(), MODE_SPREAD)+MathCeil(ProfitInUsd/PosValue);

Quoting futurespec
Sorry do not understand. code to set take profit for all open orders at a common price! Do you mean several open orders for same pair? And then want profit for that pair? M.
My bad, hahahhaa....
  • Post #11
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  • Last Post: Nov 12, 2016 9:32am Nov 12, 2016 9:32am
Quoting Passerby
If you mean to calculate take profit: //Check tick value per lot; TickValuePerLot=MarketInfo(Symbol(), MODE_TICKVALUE); //Adjust it to your position size PosValue=Lot*TickValuePerLot; //Set the tp at$10: TakeProfit=MarketInfo(Symbol(), MODE_SPREAD)+MathCeil(10/PosValue); {quote} My bad, hahahhaa....
All right, let me try your code
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