Partial Close EA based on SL pips percent | Forex Factory

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Partial Close EA based on SL pips percent

  • #1
  • First Post: Apr 19, 2020 1:38am Apr 19, 2020 1:38am
Good day.

Does anyone have an ea which has the function to close trades partially based on Stoploss pips amount. Please note that i have searched extensively before posting. None are with this sort of function, all have common function to close percentage of lot size at pre-determined x amount of pips.

Example: Say i have opened a long position in EurUsd with 25 pips Stoploss. Once the trade moves 12.5 pips in favor which is 50 percent of Stoploss, ea will move Stoploss to BE+1 & close x% of the trade. Once the trade moves 25 pips in favor which is 100% of SL, ea will close x% of the trade. Once trade moves 37.5 pips in favor which is 150% of SL ea will close x% of the trade. This way 5 levels of partial close. I aim for bank whatever i can take from the market, cause no one for certain tell price will go x price level before hitting their SL.

If anyone is having this kind of ea & can share for free with the community it would be a great help for me & others who would look for it in the future. I can explain furthermore if anyone is interested.

Thanks & Best Regards.
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  • #2
  • Edited 2:34am Apr 19, 2020 2:21am | Edited 2:34am
Quoting Aar
Good day. Does anyone have an ea which has the function to close trades partially based on Stoploss pips amount. Please note that i have searched extensively before posting. None are with this sort of function, all have common function to close percentage of lot size at pre-determined x amount of pips. Example: Say i have opened a long position in EurUsd with 25 pips Stoploss. Once the trade moves 12.5 pips in favor which is 50 percent of Stoploss, ea will move Stoploss to BE+1 & close x% of the trade. Once the trade moves 25 pips in favor which...
this might be a good start.
#7: TrailingWithPartialClose.mq4 Expert Advisor
https://forextradingstrategies4u.com...iling-stop-ea/

and it has few different types for Trailing.
Type 3 - is something you might be interested which has few move / partialpercentage close built in.

Type 3 uses up to 3 levels for trailing stop |
//| Level 1 Move stop to 1st level |
//| Level 2 Move stop to 2nd level |
//| Level 3 Trail like type 1 by fixed amount other than 1 |

Once familiar, more levels can be added to code, I think.

some option seems it has already some percentage handling.


extern string st6 = "--Profit Controls--";
extern double StopLoss = 100; // Maximum pips willing to lose per position.
extern int usePartialClose = 1;
extern double PartialPercent = 50;
extern int TP_Level1 = 20;
extern int Slippage=3;
bool First_TP_Level = false;
  • #3
  • Apr 19, 2020 3:07am Apr 19, 2020 3:07am
Quoting BlueRain
{quote} this might be a good start. #7: TrailingWithPartialClose.mq4--
Thanks a lot for the input. I am not near the laptop, will take a detailed look. But I am afraid it won't work, because from the screenshot what i see :

1. Stoploss to be manually input each time for each trade.

2. Tp level has to be set which is also manual input. Based on the tp level it will close percentage of the lotsize of the trade.

I assume the partial percent is the percentage of lot size maybe. Anyway I will take a detailed look into it.

Once again thanks a lot.

Best Regards.
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  • #4
  • Apr 19, 2020 1:07pm Apr 19, 2020 1:07pm
Quoting Aar
{quote} Thanks a lot for the input. I am not near the laptop, will take a detailed look. But I am afraid it won't work, because from the screenshot what i see : 1. Stoploss to be manually input each time for each trade. 2. Tp level has to be set which is also manual input. Based on the tp level it will close percentage of the lotsize of the trade. I assume the partial percent is the percentage of lot size maybe. Anyway I will take a detailed look into it. Once again thanks a lot. Best Regards. {image}
there is another thread
https://www.forexfactory.com/showthread.php?t=785645

they are doing similar one.. partial close thing.

This is starting point and you might have to ask to modify.
typically, in this FF, it is easier if you bring something and ask to modify providing exactly what you want.

it might be easier if you learn how that script works and ask if coders can modify to automatic like using percentage, ATR, etc etc.
  • #5
  • Apr 20, 2020 2:37am Apr 20, 2020 2:37am
Quoting BlueRain
{quote} typically, in this FF, it is easier if you bring something and ask to modify providing exactly what you want...
That's a good idea. Thanks. I already posted in his thread couple days ago regarding another request.

Regards.
How big can you think!
  • #6
  • Apr 28, 2020 2:23am Apr 28, 2020 2:23am
Does anyone have this sort of Ea or knows of anything similar to this?

Regards.
How big can you think!
  • #7
  • Aug 28, 2020 7:40pm Aug 28, 2020 7:40pm
Quoting Aar
Does anyone have this sort of Ea or knows of anything similar to this? Regards.
Hi Aar,
I just happen to be searching for the same thing as you.
Would be very good also if the partials had a TRAILING FUNCTION much like the popular Trailing Take Profit, TTP.

PLEASE ANYBODY CAN HELP US?
  • #8
  • Feb 26, 2021 1:04pm Feb 26, 2021 1:04pm
I'm looking for the same, someone please? Thanks
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