Loss

Stop Loss Take Profit – EA MetaTrader 5

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Stop Loss Take Profit - expert for MetaTrader 5
If a trade is closed by Stop loss, the volume is doubled; if it’s closed by Take profit the minimum volume is used. OnTradeTransaction is used to determine whether a trade was performed after the activation of Stop loss or Take profit. The excellent enumeration ENUM_DEAL_REASON was added in build 1625: ENUM_DEAL_REASON Reason description … … Read more

ATR Stop Loss – indicator MetaTrader 5

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ATR Stop Loss - indicator for MetaTrader 5
This indicator will draw ATR based stop loss calculation based on IgorAD,igorad2003@yahoo.co.uk ATRStops MQL4, with adjustable multiplier and ATR period. This indicator includes helper functions and example to run calculation via function call so the calculation logic can be placed in external include file. Work in any timeframe. Just rename to mq4 to use it … Read more

Close Orders By Target or Cut Loss – EA MetaTrader 4

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Close Orders By Target or Cut Loss - expert for MetaTrader 4
We use this EA as a trading tool. There are 3 inputs required, as follows: Profit Target Cut Loss Magic Number extern    double         inTargetProfitMoney     = 10;       //Target Profit ($) extern    double         inCutLossMoney          = 0.0;      //Cut Loss ($) extern    int            inMagicNumber           = 0;        //Magic Number When this EA is executed, it will first call the OnInit () function. Where we will verify the … Read more

closing partially script and Stop loss to Break Even point – script MetaTrader 5

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par
closing partially script  and Stop loss to Break Even point Input Parameters are as follows. input bool ParticalClosed=false; input int ClosedVolume=50;//Percentage of Lots to Close % input string ack=”Type 50 for 50%”; input bool  StopMoveToBE=false; input int   AddBreakEventPips=10;// opening price +1 Pips closing partially script and Stop loss to Break Even point – script MetaTrader … Read more

Dynamic Trailing Stop Loss and Profit Target Management – EA MetaTrader 5

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Dynamic Trailing Stop Loss and Profit Target Management - expert for MetaTrader 5
This code is a risk management strategy for an Expert Advisor in MetaTrader that manages existing trades based on the input parameters. It focuses on closing trades when a profit or loss threshold is reached and employs a trailing stop loss to lock in profits as the trade moves in the trader’s favor. Here is … Read more