EA closing all trades and orders when profit reached? | Forex Factory

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EA closing all trades and orders when profit reached?

  • #1
  • First Post: Nov 6, 2014 2:56am Nov 6, 2014 2:56am
Hi traders!

I'm testing a strategy for when i'm not able to be in front of the screen.
It is working very well and consists in putting orders near major S/R lines.

Do you know or can you code an EA that closes ALL trades and orders when the daily balance reaches a goal in percentage or money considering also the running trades?
If not based on daily data, it would be good also on money account value.

Example:
Account balance: 1000$
Daily goal: +50$ / 5%
Account goal value: 1050$

2 trades to TP: +30$
4 trades running: -20$ / + 12$ / +14$ / +14$ balance of running trades: +20$

30$+20$= +50$/5%/1050$ goal reached, ALL running trades closed and pending orders removed.


I found a lot of EAs that do this job but they work only on the balance of the currently running trades.
Being this a "scalping" strategy with only 10 pips TP (and a little more for SL), trades last only a few minutes and I'm putting a lot of orders.
It already happened to me to reach the goal at a certain point of the night (I'm using this during Asian Session, when I sleep), and after that hit a SL and run back the balance.

Every help will be appreciated a lot .

Thanks,
Lrt
"Every battle is won before it's fought."
  • #2
  • Nov 28, 2014 6:54am Nov 28, 2014 6:54am
Quoting Lrt.Ita
Hi traders! I'm testing a strategy for when i'm not able to be in front of the screen. It is working very well and consists in putting orders near major S/R lines. Do you know or can you code an EA that closes ALL trades and orders when the daily balance reaches a goal in percentage or money considering also the running trades? If not based on daily data, it would be good also on money account value. Example: Account balance: 1000$ Daily goal: +50$ / 5% Account goal value: 1050$ 2 trades to TP: +30$ 4 trades running: -20$ / + 12$ / +14$ / +14$ balance...
Hi Lrt.Ita!!
Did you find some kind of this type of Ea???
Because I am looking for exactly the same thing.
Regards
  • #3
  • Nov 28, 2014 7:16am Nov 28, 2014 7:16am
Quoting Lrt.Ita
Hi traders! I'm testing a strategy for when i'm not able to be in front of the screen. It is working very well and consists in putting orders near major S/R lines. Do you know or can you code an EA that closes ALL trades and orders when the daily balance reaches a goal in percentage or money considering also the running trades? If not based on daily data, it would be good also on money account value. Example: Account balance: 1000$ Daily goal: +50$ / 5% Account goal value: 1050$ 2 trades to TP: +30$ 4 trades running: -20$ / + 12$ / +14$ / +14$ balance...
Hello Lrt.Ita, I do not have much knowledge about EA’s I found one have you tried this?
Regards,
Moti
Attached File(s)
File Type: mq4 CloseTrades_After_Account_Profit_Reached.mq4   3 KB | 2,458 downloads
  • #4
  • Nov 28, 2014 8:33am Nov 28, 2014 8:33am
this was coded for me by Dan, can give it a try...
Can set to close trades above or bellow equity amount, or above or bellow equity % drawdown.
Attached File(s)
File Type: ex4 close all orders equity DD% profitfarmer.ex4   11 KB | 2,119 downloads
there is always, always another trade!!
  • #5
  • Dec 2, 2014 2:59am Dec 2, 2014 2:59am
Quoting Lrt.Ita
Hi traders! I'm testing a strategy for when i'm not able to be in front of the screen. It is working very well and consists in putting orders near major S/R lines. Do you know or can you code an EA that closes ALL trades and orders when the daily balance reaches a goal in percentage or money considering also the running trades? If not based on daily data, it would be good also on money account value. Example: Account balance: 1000$ Daily goal: +50$ / 5% Account goal value: 1050$ 2 trades to TP: +30$ 4 trades running: -20$ / + 12$ / +14$ / +14$ balance...
Hello Lrt.Ita did you get any, if yes please can you share it?
Thank you
Regards
Moti
  • #6
  • Last Post: Jun 4, 2020 10:20am Jun 4, 2020 10:20am
Quoting profitfarmer
this was coded for me by Dan, can give it a try... Can set to close trades above or bellow equity amount, or above or bellow equity % drawdown. {file}
Thanks a lot for sharing this EA. Dan is excellent coder
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