Looking for MT4 Script: Close all trades when balance is XXX | Forex Factory

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Attachments: Looking for MT4 Script: Close all trades when balance is XXX
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Looking for MT4 Script: Close all trades when balance is XXX

  • #1
  • First Post: Mar 24, 2010 10:58am Mar 24, 2010 10:58am
Hello All,
i am looking for a MT4 script that allows to set a $ XXXX values and when the balance is XXXX or more the script close all opens trades. Eg. I would like to set +$100 in the script and when balance is +100 or more the script will close all open trades on all charts.
I know there was such a free script but don't find it anymore.
Could somone please post or let me know where to find/download it?

thanks a lot
  • #2
  • May 30, 2010 5:54pm May 30, 2010 5:54pm
I am really waiting the replies for this topic. I really like the issue.
  • #3
  • May 30, 2010 8:11pm May 30, 2010 8:11pm
i think it can only be done by an EA, because scripts cant check the profit all the time for you
  • #4
  • Edited 4:00am Jun 1, 2010 1:06am | Edited 4:00am
Try this script:
Attached File(s)
File Type: mq4 CloseAtTarget.mq4   1 KB | 2,292 downloads
  • #5
  • Jun 1, 2010 2:25am Jun 1, 2010 2:25am
Don't think a script can do that as monitoring the account balance needs constant per tick evaluation which script can't do.
I think you wanted to ask about an EA (Expert advisor)
EA no. 16 --->HERE<--- can do that.

Hope this helps.
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
  • #6
  • Jun 1, 2010 4:01am Jun 1, 2010 4:01am
Quoting forexsaint
Don't think a script can do that as monitoring the account balance needs constant per tick evaluation which script can't do.
I think you wanted to ask about an EA (Expert advisor)
EA no. 16 --->HERE<--- can do that.

Hope this helps.
Why you think a script can't do and why you think it need "per tick evaluation"?
  • #7
  • Jun 1, 2010 11:42pm Jun 1, 2010 11:42pm
Quoting Torquemada
Why you think a script can't do and why you think it need "per tick evaluation"?
Because Script executes the code (check for a set value of profit, in this case) only once
and
"per tick evaluation" is needed as floating profit changes with every tick.
Let me know if, i am wrong (with details). I can easily handle being wrong !
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
  • #8
  • Jun 2, 2010 12:26am Jun 2, 2010 12:26am
Quoting forexsaint
Because Script executes the code (check for a set value of profit, in this case) only once
and
"per tick evaluation" is needed as floating profit changes with every tick.
Let me know if, i am wrong (with details). I can easily handle being wrong !
Well, this is partially true.
A script can be placed in a while loop (infinite or predefined by some condition) and will execute it's code until is stopped or condition became false.
Also at end of loop it can be placed a Sleep(), so it can easy execute it's code on predefined interval instead "per tick".

for example:
Inserted Code
while(OrdersTotal()>0)
{
//do something, like close orders
}
script will stop execution and exit as soon as OrdersTotal()=0;
Hope this make sense.
  • #9
  • Jun 2, 2010 2:45am Jun 2, 2010 2:45am
Quoting Torquemada
Well, this is partially true.
A script can be placed in a while loop (infinite or predefined by some condition) and will execute it's code until is stopped or condition became false.
Also at end of loop it can be placed a Sleep(), so it can easy execute it's code on predefined interval instead "per tick".
Adding to the partial truth,
i don't see anything else than a disadvantage here using a script (using this predefined interval check).
It's a known fact how volatile and fast moving FX can be be and accordingly the floating P/L.

Quote
...
script will stop execution and exit as soon as OrdersTotal()=0;
Hope this make sense
Sure, if possible and if someone hates EA's.. can go for it! IMO !
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
  • #10
  • Jun 2, 2010 3:52am Jun 2, 2010 3:52am
Advantage or disadvantage are subjective...
For example you can set execution time to 500ms and will be faster than ticks interval in most cases.
Average ticks interval on 5 digits broker is ~ 1.5 seconds.
Scenario:
You already have a EA on that chart and you cannot modify it to add missing code you need.
Which solution you'll use?
Probably a script.
Of course, scripts are not suitable for complex code, but for simple tasks are ideal, easy to code and use.
Advantage or disadvantage... depends on needs and how are used.
Attached Image
  • #11
  • Jun 2, 2010 7:01am Jun 2, 2010 7:01am
There is no point checking the P/L, faster than the tick, either!
It ain't gonna change!
Can be used though, if one is interested in stimulating newly bought processor!
Over n Out!
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
  • #12
  • May 20, 2011 11:34am May 20, 2011 11:34am
Quoting Torquemada
Try this script:
Torquemada, this is a Terrific script (as opposed to EA). I have looked for ages for this and finally found it.

Slight problem though. With many open trades, once the script starts when profit target is reached, it stalls and does not close all open trades. Is it because it does another check (default 10 seconds) and recognises that profit has now moved out of the target range because of some closures. If this is the case, how do we get around the problem. Have you got an updated script?
  • #13
  • May 21, 2011 9:11am May 21, 2011 9:11am
Quoting calpereira
Torquemada, this is a Terrific script (as opposed to EA). I have looked for ages for this and finally found it.

Slight problem though. With many open trades, once the script starts when profit target is reached, it stalls and does not close all open trades. Is it because it does another check (default 10 seconds) and recognises that profit has now moved out of the target range because of some closures. If this is the case, how do we get around the problem. Have you got an updated script?
No update, sorry.. Try to increase check interval, probably your broker have slower execution times.
  • #14
  • Edited 4:18pm Jun 9, 2011 3:49pm | Edited 4:18pm
#1, if you are waiting for your account to be up by $X, and then close all trades, dont do it on the first tick where you see that profit level..

wait, perhaps, for your PL to be up by that amount, at least, for say two minutes.

and then if you were waiting to be up by $100.00, and you require that it be up by at least $100.00 for at least two minutes, at the end of two minutes, i assure you that you will be up by more than $100.00, perhaps $104 or $108 maybe..

now, just start slamming stop losses directly behind every trade on the table and then just keep snugging down those stop losses onto your trades until all are closed.

and instead of just looking for $X of upside, maybe consider these options:

if PL> (accountmargin*X%)...

if PL> (accountbalance*Y%)...

and you might want to use both types of conditions, at the same time, in an either/and/or manner..

good luck.

edward/.

http://i55.tinypic.com/2gy8srb.jpg
  • #15
  • Jul 10, 2011 10:19am Jul 10, 2011 10:19am
Hı ıf you stıll need ıt let me know
regards
  • #16
  • Mar 29, 2012 5:08am Mar 29, 2012 5:08am
Dear Forexer,
Could anyone confirm that this Script or EA was solved the problem/question on the first post?
Thank you.

Regards
fx1079
The man behind the gun
  • #17
  • May 16, 2012 7:32pm May 16, 2012 7:32pm
  •  dyos
  • | Joined Jul 2007 | Status: Automating forex strategies daily | 48 Posts
I wrote this code awhile ago. I uploaded it. Let me know if it's what you're looking for. It's not exact but it basically monitors your account balance. If it falls under a certain amount it sends out an email notification.

I do programming projects on the side if you need it customized.

http://www.jeremywhittaker.com/2012/...low-threshold/
  • #18
  • May 16, 2012 7:51pm May 16, 2012 7:51pm
Profitkeeper should solve your problem. It automatically "resets" loops back when the trades are closed, so allowing you to have a systems approach to exiting your trades.

http://www.forexfactory.com/showthread.php?t=312841
Measure trends automatically with zero lag
  • #19
  • Last Post: Jan 31, 2023 3:58am Jan 31, 2023 3:58am
Hello, I can create that script for you using Mql4
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