Close orders EA for hedging system | Forex Factory

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Close orders EA for hedging system

  • #1
  • First Post: Apr 9, 2007 8:24pm Apr 9, 2007 8:24pm
Hi

Im searching for an EA that will close all orders in a hedging system when a certain profit target is reached.

For example...if we are simultaneously buying both usd/chf and gbp/usd...as a general rule..these two pairs would cancel out each other...one would be in profit about the same amount as the other would be in loss..but its also likely that at times..there would be a difference in the rates of rise such that an overal profit target is reached.

What i seek is an EA that will at such a time close all orders...capturing the profit target.


Thanks in advance
  • #2
  • Apr 9, 2007 8:34pm Apr 9, 2007 8:34pm
Try this one!
Attached File(s)
File Type: mq4 CloseByPL.mq4   5 KB | 1,937 downloads
  • #3
  • Apr 9, 2007 8:40pm Apr 9, 2007 8:40pm
Is the profit target in $ or in pips???

Im looking for a PT in $s not in pips...
  • #4
  • Apr 10, 2007 5:19am Apr 10, 2007 5:19am
or
Attached File(s)
File Type: mq4 CloseAllAtEquityLevel.mq4   5 KB | 2,135 downloads
  • #5
  • Apr 11, 2007 5:15am Apr 11, 2007 5:15am
Scientist,

Wow! Looks like its exactly what im looking for.

Thanks
  • #6
  • Apr 12, 2007 2:58am Apr 12, 2007 2:58am
Quoting efextrader
For example...if we are simultaneously buying both usd/chf and gbp/usd...as a general rule..these two pairs would cancel out each other...
Not exactly. You will in fact buy gbp/chf but using more margin. Looking at last months, beeing long gbp/chf was a good position.
  • #7
  • Apr 14, 2007 4:50pm Apr 14, 2007 4:50pm
Quoting efextrader
Hi

Im searching for an EA that will close all orders in a hedging system when a certain profit target is reached.

For example...if we are simultaneously buying both usd/chf and gbp/usd...as a general rule..these two pairs would cancel out each other...one would be in profit about the same amount as the other would be in loss..but its also likely that at times..there would be a difference in the rates of rise such that an overal profit target is reached.

What i seek is an EA that will at such a time close all orders...capturing the profit target.

Thanks in advance
Do you have an EA that will make these trades simultaneously?
Then can I run the close PL EA to close. Does this CloseAllAtEquityLevel.mq4 EA work by attaching to any chart then it will monitor all currency trades? I have this SL and TP EA that when attached to any chart will monitor all my currency trades and trigger when I set the SL and TP limits. Just wondering if this does the same?
Thanks
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #8
  • Jan 19, 2011 3:41pm Jan 19, 2011 3:41pm
What lot size to take for gbpusd and for usdchf?
  • #9
  • Last Post: May 2, 2012 3:09pm May 2, 2012 3:09pm
I installed the expert Closeallequity but I do not have idea of how to use it.

What does it mean by equity target?? is it percentage? or a number?

If i Have an 10k account... and I don`t want it to get under 800. What number should I put in the Equity Target??
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