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Loss recovery EA that can close many opened trades

Sunny Chan (Sunnyday)
Oct 20 2015 at 07:30
157 posts
Let say I have 10+ loosing trades opened in one chart, and I want to close them all in profit.
Are there any recovery EA that can close many trades?

Closing them one by one or all at once doesn't matter.

molyang
Oct 20 2015 at 08:19
13 posts
you can try looking for it at MQL4 community forum.. maybe not specifically like what you want, but there are many good programmers there.

Sunny Chan (Sunnyday)
Oct 20 2015 at 08:29
157 posts
oh it is kinda hard to program I think.

Ivan (StoneHeart)
Oct 20 2015 at 17:43
131 posts
I have something similar. This is SCRIPT.
It calculate the Break Even price for BUY and SELL separately and simultaneously,
and show these prices with lines.
If Modify is TRUE, and current Bid/Ask price is Above/Below shown levels for Buy/Sell,
to all orders is set StopLoss (total result from all orders must be positive).
If Modify is FALSE , only lines are drawn , no modifications.
If price continue in your direction,
You have to start script again to get better StopLoss.
... keep in mind : program work only once , when started;
... It is NOT working , while done !!!

Attachments:


Small GAIN, big WIN
HalleyFX
Oct 21 2015 at 09:51
83 posts
Yes, their is such an EA.

For demonstration purposes, lets assume you buy 0.01 lots of EURUSD at 1.12500. If the trade goes into negative right away, the recovery mechanism kicks in.
A sell order of 0.02 lots will be placed at 1.12000, aming to exit both trades at 1.11500 plus your take-profit.
A protective buy stop order of 0.03 lots will be placed at 1.12500, aming to exit at 1.13000 plus your take-profit.
If the buy order is executed, a sell stop order of 0.05 lots will be placed again at 1.12000 aiming to exit all trades at 1.11500 plus your take-profit.
This process will repeat with increasing but NOT exponential lotsizes until an exit point is found or until the maximum amount of trades is placed. If the EA has placed the maximum amount of trades, it will start to accept partial losses until the deal is closed.

Sunny Chan (Sunnyday)
Oct 21 2015 at 10:33
157 posts
yes it does exist but I am looking for one that can close alot of trades in profit.

HalleyFX
Oct 21 2015 at 12:59
83 posts
AH! Sorry, I thought you were looking for a loss recovery EA...


EA's which close trades in profits can be found on the MQL community or have a look at forexfactory. This definitely exist for many years.

CrazyTraderfx (CrazyTrader)
Oct 21 2015 at 16:06
1718 posts
HalleyFX posted:
Yes, their is such an EA.

For demonstration purposes, lets assume you buy 0.01 lots of EURUSD at 1.12500. If the trade goes into negative right away, the recovery mechanism kicks in.
A sell order of 0.02 lots will be placed at 1.12000, aming to exit both trades at 1.11500 plus your take-profit.
A protective buy stop order of 0.03 lots will be placed at 1.12500, aming to exit at 1.13000 plus your take-profit.
If the buy order is executed, a sell stop order of 0.05 lots will be placed again at 1.12000 aiming to exit all trades at 1.11500 plus your take-profit.
This process will repeat with increasing but NOT exponential lotsizes until an exit point is found or until the maximum amount of trades is placed. If the EA has placed the maximum amount of trades, it will start to accept partial losses until the deal is closed.


Interesting way of trading...

Sunny Chan (Sunnyday)
Oct 22 2015 at 08:41
157 posts
most of them only can close one trade only

Michael Bai (michaelbai)
Oct 29 2015 at 11:01
33 posts
I can recommend a programmer for you I met from Twitter if you like.

Take Challenges Head On
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