EA to close a percentage of lots per trade

Quoting trendchaser

Disliked

its a bit tricky to make such a ea, especially to handle multiple orders

i can do it though, but not for free

Ignored

//+------------------------------------------------------------------+
//|                                             Multi-Lot_Trader.mq4 |
//|                                    Copyright © 2009, D. Hamilton |
//+------------------------------------------------------------------+
#property copyright "Copyright © 2009, D. Hamilton"

extern string Symbol1="EURUSD";
extern double Lots1=0.01,Targ_Buy=0,Targ_Sell=0;
extern string Set_Buy="1",Set_Sell="0";
extern int TakeProfit=36,StopLoss=30,Slip1=3;

int Buy_1,Buy_2,Buy_3,Sell_1,Sell_2,Sell_3;
int Gate1B=0,Gate2B=0,Gate3B=0,Gate1S=0,Gate2S=0,Gate3S=0;

//+------------------------------------------------------------------+
//| expert initialization function |
//+------------------------------------------------------------------+
int init()
  {
//----
//---- Set Buy and Sell Targets
   if(Targ_Buy==0){ Targ_Buy=Ask; } if(Targ_Sell==0){ Targ_Sell=Bid; }
//---- Buy_Only and Sell_Only Input Options
   string SB=Set_Buy; if(SB=="Y"||SB=="y"||SB=="Yes"||SB=="yes"||SB=="1"){ Set_Buy="y"; }
   string SS=Set_Sell; if(SS=="Y"||SS=="y"||SS=="Yes"||SS=="yes"||SS=="1"){ Set_Sell="y"; }
   if(Set_Buy!="y"){ Set_Buy="n"; } if(Set_Sell!="y"){ Set_Sell="n"; }
   if(Set_Buy=="Y"&&Set_Sell=="y"){ Set_Sell="n"; }
   if(Set_Buy=="n"&&Set_Sell=="n"){ Set_Buy="y"; }
//----
   return(0);
  }
//+------------------------------------------------------------------+
//| expert deinitialization function |
//+------------------------------------------------------------------+
int deinit()
  {
//----

//----
   return(0);
  }
//+------------------------------------------------------------------+
//| expert start function |
//+------------------------------------------------------------------+
int start()
  {
//---- Open Buy Orders
   if(Ask==Targ_Buy&&Set_Buy=="y")
     {
      if(Gate1B==0)
        {
         Buy_1=OrderSend(Symbol1,OP_BUY,Lots1,Ask,Slip1,Ask-Point*StopLoss*0.33,Ask+Point*TakeProfit*0.33,"",0,0,Blue);
         Gate1B=1;
        }
      if(Gate2B==0)
        {
         Buy_2=OrderSend(Symbol1,OP_BUY,Lots1,Ask,Slip1,Ask-Point*StopLoss*0.66,Ask+Point*TakeProfit*0.66,"",0,0,Blue);
         Gate2B=1;
        }
      if(Gate3B==0)
        {
         Buy_3=OrderSend(Symbol1,OP_BUY,Lots1,Ask,Slip1,Ask-Point*StopLoss*1.00,Ask+Point*TakeProfit*1.00,"",0,0,Blue);
         Gate3B=1;
        }
     }
//---- Open Sell Orders
   if(Bid==Targ_Sell&&Set_Sell=="y")
     {
      if(Gate1S==0)
        {
         Sell_1=OrderSend(Symbol1,OP_SELL,Lots1,Bid,Slip1,Bid+Point*StopLoss*0.33,Bid-Point*TakeProfit*0.33,"",0,0,Red);
         Gate1S=1;
        } 
      if(Gate2S==0)
        {
         Sell_2=OrderSend(Symbol1,OP_SELL,Lots1,Bid,Slip1,Bid+Point*StopLoss*0.66,Bid-Point*TakeProfit*0.66,"",0,0,Red);
         Gate2S=1;
        } 
      if(Gate3S==0)
        {
         Sell_3=OrderSend(Symbol1,OP_SELL,Lots1,Bid,Slip1,Bid+Point*StopLoss*1.00,Bid-Point*TakeProfit*1.00,"",0,0,Red);
         Gate3S=1;
        } 
     }
//---- Check for Open Buy and Sell Orders
      if(OrderSelect(Buy_1,SELECT_BY_TICKET,MODE_HISTORY)==true)
        {
         datetime ctmTB1=OrderCloseTime(); if(ctmTB1>0){ Gate1B=0; }
        }
      if(OrderSelect(Buy_2,SELECT_BY_TICKET,MODE_HISTORY)==true)
        {
         datetime ctmTB2=OrderCloseTime(); if(ctmTB2>0){ Gate2B=0; }
        }
      if(OrderSelect(Buy_3,SELECT_BY_TICKET,MODE_HISTORY)==true)
        {
         datetime ctmTB3=OrderCloseTime(); if(ctmTB3>0){ Gate3B=0; }
        }
      if(OrderSelect(Sell_1,SELECT_BY_TICKET,MODE_HISTORY)==true)
        {
         datetime ctmTS1=OrderCloseTime(); if(ctmTS1>0){ Gate1S=0; }
        }
      if(OrderSelect(Sell_2,SELECT_BY_TICKET,MODE_HISTORY)==true)
        {
         datetime ctmTS2=OrderCloseTime(); if(ctmTS2>0){ Gate2S=0; }
        }
      if(OrderSelect(Sell_3,SELECT_BY_TICKET,MODE_HISTORY)==true)
        {
         datetime ctmTS3=OrderCloseTime(); if(ctmTS3>0){ Gate3S=0; }
        }
//----
   return(0);
  }
//+------------------------------------------------------------------+ 

Quoting Ozzie Taz

Disliked

ecTrade..... Love your work mate.

Thanks for taking the time and effort creating the EA. Very much appreciated.

Ignored

Quote

Disliked

Glad you liked the idea, still can't believe that there aren't more ideas and options for money management.

Quote

Disliked

I believe it is the bread and butter to trading.

Quoting Ozzie Taz

Disliked

Thanks for the offer trendchaser but im stunned that it hasn't been created before. I have looked hi and low on all the money management EA's out there and i can't find a single one that will scale out (winners and lossers) x% at certain pip levels per trade.

Especially the scaling out of a losing position. Of all the EA's i have tested they don't do this well at all. You must scale out more than half of your position at a particular level or the EA goes to crap.

Im hoping someone can prove me wrong

Ignored

Quoting ecTrade

Disliked

Hey Taz, I think I have something that will work for you here. Basically it allows you to open three trades simultaneously of the same lot size (albeit you can change that too if you want) which have varying Take Profit and Stop Loss settings which, are variable depending on the decimal value you type into the code. //+------------------------------------------------------------------+ //| Multi-Lot_Trader.mq4 | //| Copyright 2009, D. Hamilton | //+------------------------------------------------------------------+ #property copyright "Copyright...

Ignored