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Close orders EA for hedging system

  • Post #1
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  • First Post: Apr 9, 2007 9:24pm Apr 9, 2007 9:24pm
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
Try this one!
Attached File
File Type: mq4 CloseByPL.mq4   5 KB | 1,456 download
Is the profit target in $ or in pips???

Im looking for a PT in $s not in pips...
or
Attached File
File Type: mq4 CloseAllAtEquityLevel.mq4   5 KB | 1,776 download
Scientist,

Wow! Looks like its exactly what im looking for.

Thanks
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.
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
What lot size to take for gbpusd and for usdchf?
  • Post #9
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  • Last Post: May 2, 2012 4:09pm May 2, 2012 4:09pm
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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