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I need help with a line of code

  • #1
  • First Post: Apr 26, 2020 8:07am Apr 26, 2020 8:07am
Dear coders,

I would like to know how to integrate the following into an EA:

As soon as the initial account balance is reduced by amount X, all open trades should be closed immediately, i.e.

If {actual accountbalance = initial accountbalance - X} THEN {close all open trades}

Could someone please translate this into MQL4?

Thank U
  • #2
  • Apr 26, 2020 8:54am Apr 26, 2020 8:54am
Inserted Code
double balInit = 0;
 
in Init()
{
   balInit = AccountBalance();
}
 
in OnTick()
{
   if (AccountBalance() < balInit - 300)
   {
      CloseAll();
      balInit = AccountBalance();
   }
 
}
  • #3
  • Apr 26, 2020 12:21pm Apr 26, 2020 12:21pm
Hi, I am really new here and i don't know how to use the forum very well yet. i am not sure if i am posting in the right Forum. i need someone who can develop EA and of course not for free.
please contact me.
  • #4
  • Apr 26, 2020 12:32pm Apr 26, 2020 12:32pm
Thank you ionone! I will try...
  • #5
  • Apr 26, 2020 1:33pm Apr 26, 2020 1:33pm
Quoting ionone
double balInit = 0; in Init() { balInit = AccountBalance(); } in OnTick() { if (AccountBalance() < balInit - 300) { CloseAll(); balInit = AccountBalance(); } }
I think you should use AccountEquity(), Not AccountBalance().

It seems Nrixs want to close all position when equity is below certain amount to protect account.

if ( AccountEquity() < AccountBalance()-LossAmount) CloseAll()
  • #6
  • Last Post: Apr 27, 2020 6:00am Apr 27, 2020 6:00am
Thank you BlueRain, it works!
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