Close positions at end of Day/Daily candle EA or indicator | Forex Factory

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Attachments: Close positions at end of Day/Daily candle EA or indicator
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Close positions at end of Day/Daily candle EA or indicator

  • #1
  • First Post: Edited Mar 22, 2013 4:53am Mar 21, 2013 9:03pm | Edited Mar 22, 2013 4:53am
Hi All

Can anyone point me to an MT4 EA or indicator that will close my positions out at the close of the daily candle? My broker is FXPro and it closes at 5pm EST. I am asleep at this time in Asia. Hope there exists such a thing.

Appreciate the help

Nokaut
  • #2
  • Mar 23, 2013 6:53am Mar 23, 2013 6:53am
The following way may not be the most efficient code.....but if you are looking to close all trades at the beginning of the 00 hour candle....this will do it.

Here you go...


If (Hour() == 0 && Minute() < 2 && OrdersTotal() > 0 && OrderType() == OP_BUY)

{OrderSelect(0,SELECT_BY_POS,MODE_TRADES);

OrderClose(OrderTicket(),OrderLots(),Bid,5,Green);}

If (Hour() == 0 && Minute() < 2 && OrdersTotal() > 0 && OrderType() == OP_SELL)

{OrderSelect(0,SELECT_BY_POS,MODE_TRADES);

OrderClose(OrderTicket(),OrderLots(),Ask,5,Yellow);}
  • #3
  • Mar 24, 2013 7:35pm Mar 24, 2013 7:35pm
That's brilliant. Thanks very much. But how would I put that code into an EA for use in MT4? I have been researching but haven't managed it yet. Thanks again!

Quoting 60minman
The following way may not be the most efficient code.....but if you are looking to close all trades at the beginning of the 00 hour candle....this will do it.

Here you go...


If (Hour() == 0 && Minute() < 2 && OrdersTotal() > 0 && OrderType() == OP_BUY)

{OrderSelect(0,SELECT_BY_POS,MODE_TRADES);

OrderClose(OrderTicket(),OrderLots(),Bid,5,Green);}

If (Hour() == 0 && Minute() < 2 && OrdersTotal() > 0 && OrderType() == OP_SELL)

{OrderSelect(0,SELECT_BY_POS,MODE_TRADES);

OrderClose(OrderTicket(),OrderLots(),Ask,5,Yellow);}...
  • #4
  • Mar 26, 2013 2:27am Mar 26, 2013 2:27am
Nokaut,

This should work I believe.
Attached File(s)
File Type: mq4 Close Trades.mq4   2 KB | 1,626 downloads
  • #5
  • Mar 26, 2013 2:33am Mar 26, 2013 2:33am
You simply would open another chart and apply the ea to it...just click and drag. Time frames should not matter. When your MT4 time shows 00:00 0r 00:01 it will begin to close any trades that are still open....and should not stop until all trades are closed.

Just add the Close Trades ea to your experts folder. Then restart your mt4...then click and drag the ea onto a chart.
  • #6
  • Mar 26, 2013 9:05pm Mar 26, 2013 9:05pm
Thanks so much for this 60minman. You have gone out of your way to help me. You are a saint. Thanks again.
  • #7
  • Last Post: Jan 30, 2014 8:16am Jan 30, 2014 8:16am
hello, sorry for my bad english

could you make the EA close SELL position if the close daily candle is ABOVE certain price? with option for half or full position close?
vice versa with the BUY position, close half or full position if the price is BELOW certain price.

thanks in advance!
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