Simple EA fix - "close all at equity level X" | Forex Factory

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Simple EA fix - "close all at equity level X"

  • #1
  • First Post: Feb 7, 2010 5:28pm Feb 7, 2010 5:28pm
Hi folks - can someone please lend a hand with a minor "repair" to this EA.

I use this "close all positions at equity level X" EA to sometimes close hedge trades with positions on different instruments and different currencies.

The problem I have is that it starts to close "all positions" when the equity target is hit, but then (I think) what happens is it stops closing positions if that equity level drops during the closing process and/or if the loosing trade side of a hedge trade is closed first. What I really need it to do is just close ALL positions as soon as the equity target is reached, and not stop closing positions at market level regardless of any changes to that equity level during the closing process.

Can someone help?

Thanks a million (well not quite a $million but you know what I mean)
Attached File(s)
File Type: mq4 CloseAllAtEquityLevel.mq4   5 KB | 5,450 downloads
File Type: ex4 CloseAllAtEquityLevel.ex4   5 KB | 2,825 downloads
  • #2
  • Jul 12, 2010 10:53pm Jul 12, 2010 10:53pm
thanks mate.. it really helps
sharpshooter.......
  • #3
  • Sep 3, 2011 5:17am Sep 3, 2011 5:17am
Thanks, I'm supposed to.
But I have one question, whether the EA can code so when equity reach the target profit and close all positions, automatically raise the equity target for a given number of x, because the second EA continues to open new positions ?

thank you very much
  • #4
  • Edited Sep 5, 2011 4:39am Sep 4, 2011 9:20am | Edited Sep 5, 2011 4:39am
Hmm.. see if this works for you.

UseEquityRaiseAfterClose
When this is set to true, it will utilize this "Equity Raise After Close" function.

EquityRaisedByXAfterClose
This indicates how much equity that will be raised after the it closes all positions.

Calculation for this is:
New Equity Target = Original Equity Target + EquityRaisedByXAfterClose.

RunEquityRaiseContinuously
When this is set to true, it will run this new "Equity Raise" continuously after each "Close All Positions" function is performed. When this is set to false, it will run this new "Equity Raise" just once after a "Close All Positions" is performed.
Attached File(s)
File Type: mq4 CloseAllAtEquityLevel v1.2.mq4   5 KB | 4,301 downloads
  • #5
  • Edited 7:38pm Sep 4, 2011 6:38pm | Edited 7:38pm
Thanks, but unfortunately I am not sufficiently explained.
Other EA on the grid and is continually adding to equity a couple of dollars. To the goal he may miss just a few cents when it reaches the EA closes all positions.
Means that "EquityRaisedByXAfterClose" just a profit at the time of the closing of all positions (not accounted for the constant gains of the grid EA).

If it is possible to "EquityRaisedByXAfterClose" should be a numeric value.
For example, after each closing of all positions to increase the target for $ 10
"New Equity Target = Original Equity Target + X$"
if at all feasible


thanks again
  • #6
  • Sep 5, 2011 4:40am Sep 5, 2011 4:40am
Quoting Breza
Thanks, but unfortunately I am not sufficiently explained.
Other EA on the grid and is continually adding to equity a couple of dollars. To the goal he may miss just a few cents when it reaches the EA closes all positions.
Means that "EquityRaisedByXAfterClose" just a profit at the time of the closing of all positions (not accounted for the constant gains of the grid EA).

If it is possible to "EquityRaisedByXAfterClose" should be a numeric value.
For example, after each closing of all positions to increase the target for $ 10
"New Equity...
Hi Breza,

I'm sorry, it was my bad. I have accidentally set the "EquityRaisedByXAfterClose" as a bool not an int lol. bool means it will be either "true" or "false". int means it will be an interger type or in english terms, a number value.

I have edited the original file to include this amendment. Please redownload the newer version, "CloseAllAtEquityLevel v1.2.mq4".
  • #7
  • Sep 11, 2011 7:04am Sep 11, 2011 7:04am
That's it !
Excellent job
  • #8
  • Feb 25, 2012 8:22am Feb 25, 2012 8:22am
Quoting tigpips
Hmm.. see if this works for you.

UseEquityRaiseAfterClose
When this is set to true, it will utilize this "Equity Raise After Close" function.

EquityRaisedByXAfterClose
This indicates how much equity that will be raised after the it closes all positions.

Calculation for this is:
New Equity Target = Original Equity Target + EquityRaisedByXAfterClose.

RunEquityRaiseContinuously
When this is set to true, it will run this new "Equity Raise" continuously after each "Close All Positions" function is performed....
Thanks for sharing man, pls tell me what is the work of this function "Profitable Trade Amount"? The default is set to 1.

Thanks
No Risk No Reward
  • #9
  • Nov 27, 2012 12:38am Nov 27, 2012 12:38am
This Simple EA looks great. A very useful tool in Forex trading.

I want to share this Free MT4 EA with you since you need to close all the trades at the certain equity level.
Hope Equity Sentry will be useful for you.

http://www.ea-coder.com/forex-softwa...y-free-mt4-ea/

Regards
"You are too special to go with the rest." - Rimantas Petrauskas
  • #10
  • Mar 13, 2013 2:43pm Mar 13, 2013 2:43pm
Hello, I would REALLY-TRULY appreciate if there is an e-mail alert (a message sent to a specified e-mail address) in addition to "UseAlerts". Thank you for consideration.
  • #11
  • Apr 16, 2013 2:48am Apr 16, 2013 2:48am
Quoting Breza
Thanks, but unfortunately I am not sufficiently explained. Other EA on the grid and is continually adding to equity a couple of dollars. To the goal he may miss just a few cents when it reaches the EA closes all positions. Means that "EquityRaisedByXAfterClose" just a profit at the time of the closing of all positions (not accounted for the constant gains of the grid EA). If it is possible to "EquityRaisedByXAfterClose" should be a numeric value. For example, after each closing of all positions to increase the target for $ 10 "New Equity Target...
Thanks!
Please tell me, how can i add this code of this EA on other EA.
Quantitative trading - Trending market update every day.
  • #12
  • Aug 8, 2013 6:31am Aug 8, 2013 6:31am
very nice ! tks tigpips. is just the thing that I need.

ps: it could be explained better
  • #13
  • Mar 27, 2014 7:02am Mar 27, 2014 7:02am
Quoting Hedginghog
Hi folks - can someone please lend a hand with a minor "repair" to this EA.
pls. test, I made some changes ...
Attached File(s)
File Type: mq4 CloseAllAtEquityLevel mod.mq4   9 KB | 2,665 downloads
File Type: ex4 CloseAllAtEquityLevel mod.ex4   8 KB | 1,620 downloads
PM me with coding requests and I'll probably put you on my ignore list
  • #14
  • Mar 27, 2014 7:09am Mar 27, 2014 7:09am
ur ea is good but problem is how to capture the increasing equity. means suppose equity is
  • #15
  • Mar 27, 2014 7:12am Mar 27, 2014 7:12am
present equity is 25 $ and it incresing so want a trailing stop on present equity that is 25. means i want it become 25 , then trailing to become 30 or 40 or so on like a trailing stop in a single trade
  • #16
  • Mar 27, 2014 7:13am Mar 27, 2014 7:13am
I have modified the one from post1 http://www.forexfactory.com/showthread.php?t=219635 ...
not the other one (not sure if/when I will have a look, because there should be many of "close at equity"-ea out there) ...
PM me with coding requests and I'll probably put you on my ignore list
  • #17
  • Mar 27, 2014 7:18am Mar 27, 2014 7:18am
no sir both two article concept is same but last line is differ andd parmeter lik
  • #18
  • Mar 27, 2014 7:19am Mar 27, 2014 7:19am
problem in this ea not work good
Attached File(s)
File Type: mq4 CLOSE EQUITY RISE AFTER X PIPS.mq4   6 KB | 1,751 downloads
File Type: ex4 CLOSE EQUITY RISE AFTER X PIPS.ex4   13 KB | 1,237 downloads
  • #19
  • Mar 27, 2014 7:22am Mar 27, 2014 7:22am
Quoting amitkk
present equity is 25 $ and it incresing so want a trailing stop on present equity that is 25. means i want it become 25 , then trailing to become 30 or 40 or so on like a trailing stop in a single trade
why do not you use an ordermanader-EA with normal trailingstop? 1 standardlot is about 10 USD, so if you trade with 1 standardlot you know that every pip win/loss makes about 10 USD difference ...

Hm, I forgot to mention that I have deleted the Equity-target in my mod. ea. So it counts the profit of the open positions. If target is reached, it should close the positions.

If you open new positions after the close, it will start from 0, so if profit target is reached agin, it will close the positions, and so on ...
PM me with coding requests and I'll probably put you on my ignore list
  • #20
  • Mar 27, 2014 7:28am Mar 27, 2014 7:28am
ok thanks
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