EA to "save" profit and move/lock it if profit goes higher. does it exist? | Forex Factory

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EA to "save" profit and move/lock it if profit goes higher. does it exist?

  • #1
  • First Post: Oct 16, 2008 1:08am Oct 16, 2008 1:08am
Hi everyone

Am looking for a EA that look at the total amount in profit, not a single trade. And lets say its at 3100usd in TOTAL profit on all trades going on, then the EA "lock" 2200usd of it, so it can't drop under that, because then it close the orders. But if it now suddenly move to 5100usd, it will move the "lock" to 4000usd, and so on.

But it should also have a SL at lets say 2-3% of account value if it goes the wrong way sudddenly.

Hope somebody can help me,

thanks in advance
  • #2
  • Oct 16, 2008 2:10am Oct 16, 2008 2:10am
tHERE YOU GO.......
Attached File(s)
File Type: mq4 Trading profit protect_ea.mq4   5 KB | 5,601 downloads
forexflash
  • #3
  • Oct 16, 2008 2:36am Oct 16, 2008 2:36am
Quoting FOREXflash
tHERE YOU GO.......

Thanks
  • #4
  • Edited 2:27pm Oct 16, 2008 2:12pm | Edited 2:27pm
1. Start lock pip. Is it PIPS total or Total profit?
2. What is Magic number? What does it mean?
3. Close after pip reached?
4. Scalp profit pips? is it a level before Lock pip?

What about S/L?
------------------------------------------------------

Start lock pips is a starting point
Magic number is a "serial" number for trades....your trades MUST HAVE same magicnumber!!!
Close after pip reached will close if locked profit is hited after retrace
Scalp profit pips is a steping

I added a stop loss now for all the trades!!!
Attached File(s)
File Type: mq4 Basket trading profit protect_ea.mq4   6 KB | 4,535 downloads
forexflash
  • #5
  • Mar 17, 2009 9:17pm Mar 17, 2009 9:17pm
You sir, are a king! I have been searching far and wide for an order management solution like this.

The only thing I would request is to have the target settings automatically populate with the daily pivots!!! =) pretty plz!!!

Pimp!



Quoting FOREXflash
1. Start lock pip. Is it PIPS total or Total profit?
2. What is Magic number? What does it mean?
3. Close after pip reached?
4. Scalp profit pips? is it a level before Lock pip?

What about S/L?
------------------------------------------------------

Start lock pips is a starting point
Magic number is a "serial" number for trades....your trades MUST HAVE same magicnumber!!!
Close after pip reached will close if locked profit is hited after retrace
Scalp profit pips is a steping

I added a stop loss now for all the trades!!!
  • #6
  • Sep 24, 2011 7:17pm Sep 24, 2011 7:17pm
Quoting FOREXflash
1. Start lock pip. Is it PIPS total or Total profit?
2. What is Magic number? What does it mean?
3. Close after pip reached?
4. Scalp profit pips? is it a level before Lock pip?

What about S/L?
------------------------------------------------------

Start lock pips is a starting point
Magic number is a "serial" number for trades....your trades MUST HAVE same magicnumber!!!
Close after pip reached will close if locked profit is hited after retrace
Scalp profit pips is a steping

I added a stop loss now for all the trades!!!


Hi, I have a question about this EA. Is this EA build to handle all open trades in meta trader or it's only build to control trades for one symbol ( example : EUR/USD pair , if EA is set to chart for EUR/USD of course ) ?
Thank you for answer
  • #7
  • Edited 3:39pm Sep 25, 2011 2:36pm | Edited 3:39pm
Quoting thank you
...Thank you for answer
Mr Steve Hopwood, who seems to have written parts of this EA, provides those and many other answers in his documentation.

http://www.forexfactory.com/showthread.php?t=89371

That would be a good starting point to find information on his trade managers but then, who will mind your trades while you check through the lot :-)
  • #8
  • Dec 20, 2011 8:22am Dec 20, 2011 8:22am
Hi,
Can you re-post the EA's. They open into adobe format.

Thank you,
Ariel
  • #9
  • Last Post: Mar 11, 2020 6:13am Mar 11, 2020 6:13am
I need EA which can protect the profit. For example, if the trade went up to 5 pips profit, and continue growing then EA doesn't closed the trade, but if the profit went down to 4 pips then EA closes the trade.
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