EA To Close All Trades When Profit Level Reached

//+------------------------------------------------------------------+
//| Close when profit level reached.mq4 |
//| Copyright 2020, MetaQuotes Software Corp. |
//| https://www.mql5.com |
//+------------------------------------------------------------------+
#property copyright "Copyright 2020, MetaQuotes Software Corp."
#property link "https://www.mql5.com"
#property version "1.00"
#property strict
extern double ProfitMultiplier = 1.2;
int Profit;
 
//+------------------------------------------------------------------+
//| Expert initialization function |
//+------------------------------------------------------------------+
int OnInit()
{
//---
 
//---
return(INIT_SUCCEEDED);
}
//+------------------------------------------------------------------+
//| Expert deinitialization function |
//+------------------------------------------------------------------+
void OnDeinit(const int reason)
{
//---
 
}
//+------------------------------------------------------------------+
//| Expert tick function |
//+------------------------------------------------------------------+
void OnTick()
{
//---
ObjectCreate("BALANCE", OBJ_LABEL, 0, 0, 0);
ObjectSetText("BALANCE"," BALANCE = "+ round (AccountBalance()) ,20 , "Arial BOLD", clrFloralWhite);
ObjectSet("BALANCE", OBJPROP_CORNER, 1);
ObjectSet("BALANCE", OBJPROP_XDISTANCE, 10);
ObjectSet("BALANCE", OBJPROP_YDISTANCE, 50);
ObjectCreate("EQUITY", OBJ_LABEL, 0, 0, 0);
ObjectSetText("EQUITY"," EQUITY = "+ round (AccountEquity()) ,20 , "Arial BOLD", clrFloralWhite);
ObjectSet("EQUITY", OBJPROP_CORNER, 1);
ObjectSet("EQUITY", OBJPROP_XDISTANCE, 10);
ObjectSet("EQUITY", OBJPROP_YDISTANCE, 100);
ObjectCreate("PROFIT", OBJ_LABEL, 0, 0, 0);
ObjectSetText("PROFIT"," PROFIT = "+ round (AccountProfit()) ,20 , "Arial BOLD", clrFloralWhite);
ObjectSet("PROFIT", OBJPROP_CORNER, 1);
ObjectSet("PROFIT", OBJPROP_XDISTANCE, 10);
ObjectSet("PROFIT", OBJPROP_YDISTANCE, 150);
ObjectCreate("TARGET", OBJ_LABEL, 0, 0, 0);
ObjectSetText("TARGET"," TARGET = "+ round ( AccountBalance() * ProfitMultiplier) ,20 , "Arial BOLD", clrFloralWhite);
ObjectSet("TARGET", OBJPROP_CORNER, 1);
ObjectSet("TARGET", OBJPROP_XDISTANCE, 10);
ObjectSet("TARGET", OBJPROP_YDISTANCE, 200);
Profit = ( AccountBalance() * ProfitMultiplier);
if (AccountEquity() >= Profit)
 
{
 
//Update the exchange rates before closing the orders
RefreshRates();
//Log in the terminal the total of orders, current and past
Print(OrdersTotal());
 
//Start a loop to scan all the orders
//The loop starts from the last otherwise it would miss orders
for(int i=(OrdersTotal()-1);i>=0;i--){
 
//If the order cannot be selected throw and log an error
if(OrderSelect(i,SELECT_BY_POS,MODE_TRADES)==false){
Print("ERROR - Unable to select the order - ",GetLastError());
break;
}
 
//Create the required variables
//Result variable, to check if the operation is successful or not
bool res=false;
 
//Allowed Slippage, which is the difference between current price and close price
int Slippage=0;
 
//Bid and Ask Price for the Instrument of the order
double BidPrice=MarketInfo(OrderSymbol(),MODE_BID);
double AskPrice=MarketInfo(OrderSymbol(),MODE_ASK);
 
//Closing the order using the correct price depending on the type of order
if(OrderType()==OP_BUY){
res=OrderClose(OrderTicket(),OrderLots(),BidPrice,Slippage);
}
if(OrderType()==OP_SELL){
res=OrderClose(OrderTicket(),OrderLots(),AskPrice,Slippage);
}
 
//If there was an error log it
if(res==false) Print("ERROR - Unable to close the order - ",OrderTicket()," - ",GetLastError());
}
}
return;
}

Quoting Toppi

Disliked

Hi Thanks for EA. Wonder if you can put some more option like close all orders, all pending orders and also close auto trading when the preset profit is reached? Toppi

Ignored

Quoting ignush

Disliked

Hi Thank you for your great work and generosity. Where can I get this EA for MT%? Thank you !

Ignored

void OnTick()
  {
   double balance = AccountInfoDouble(ACCOUNT_BALANCE); //The Balance of your trading accoumt
   double profit = 10.0; //The target profit you want all your trades to close at
   if(AccountInfoDouble(ACCOUNT_EQUITY) >= (balance+profit)) { //Check is equity is more or equal to the target profit + balance
      closeall();
   }
  }
void closeall() { //Closes all orders
   for(int x=OrdersTotal();x>=0;x--)
   {
      if(OrderSelect(x,SELECT_BY_POS)==true)
      {
         if(OrderClose(OrderTicket(),OrderLots(),OrderClosePrice(),0,clrNONE))
         {
            Print("Close Order");
         }
         else
         {
            Print("Error on closing");
         }
      }
   }
}

Quoting Fourxxxx

Disliked

I have just written this EA as I could not find anything like it only scripts. The purpose is to close all trades when the preset profit is reached. With the setting of 1.2 it is to close when Equity is 20% greater than the Balance. With the wild swings ATM I am getting high profits on multiple charts that are often evaporating just as quick and I am leaving too much profit on the table. Just needs to be dropped on a separate chart in your MT4 Platform. WARNING I have not tried this on a live account yet, just demo but it seems to be doing what...

Ignored

Quoting Fourxxxx

Disliked

I have just written this EA as I could not find anything like it only scripts.

Ignored