CloseAllAtEquityLevel

May 03, 2012 at 17:12
1,989 Views
13 Replies
Member Since Apr 17, 2012   7 posts
May 03, 2012 at 17:12
Does anyone know how to use this Expert?

Can you help me?
Member Since Nov 27, 2010   244 posts
May 04, 2012 at 02:46
More specifics would help.

By the title, it also sounds more like a trade management EA. Steve Hopwood wrote an excellent Multi Purpose Trade Management EA (MPTM). Read its documentation, it'd probably do what you want.

That said:

extern bool EquityStopLoss = TRUE;
extern double EquityPercent = 10.0; //for 10% drawdown

int start(){
   if(EquityStopLoss&&1-AccountEquity()/AccountBalance()>EquityPercent/100){ //if drawdown exceeds 10%
   CloseAll(); //Close all trades
   }
}

void CloseAll(){ //Close all BUY and SELL orders including Pending Orders if any
   bool result=false;
   for(int i=OrdersTotal()-1;i>=0;i--){
      OrderSelect(i,SELECT_BY_POS,MODE_TRADES);
      if(OrderSymbol()==Symbol()&&OrderMagicNumber()==Magic)result=OrderClose(OrderTicket(),OrderLots(),OrderClosePrice(),MaxSlippage*mt,Blue);
      if(result==false){
         Print('CloseAll failed with error#',GetLastError());
         continue;
      }
   }
}
Consistency above all.
Member Since Apr 17, 2012   7 posts
May 10, 2012 at 18:37

   Raiden posted:
   More specifics would help.

By the title, it also sounds more like a trade management EA. Steve Hopwood wrote an excellent Multi Purpose Trade Management EA (MPTM). Read its documentation, it'd probably do what you want.

That said:

extern bool EquityStopLoss = TRUE;
extern double EquityPercent = 10.0; //for 10% drawdown

int start(){
   if(EquityStopLoss&&1-AccountEquity()/AccountBalance()>EquityPercent/100){ //if drawdown exceeds 10%
   CloseAll(); //Close all trades
   }
}

void CloseAll(){ //Close all BUY and SELL orders including Pending Orders if any
   bool result=false;
   for(int i=OrdersTotal()-1;i>=0;i--){
      OrderSelect(i,SELECT_BY_POS,MODE_TRADES);
      if(OrderSymbol()==Symbol()&&OrderMagicNumber()==Magic)result=OrderClose(OrderTicket(),OrderLots(),OrderClosePrice(),MaxSlippage*mt,Blue);
      if(result==false){
         Print('CloseAll failed with error#',GetLastError());
         continue;
      }
   }
}





Thank you for the answer!

I dont know much about Metaquotes... How can I change the percentage?
If I want that it closes all my operations if the equity reaches 20% decrease... fore example... What Should I do?
Member Since Nov 27, 2010   244 posts
May 10, 2012 at 18:53
I never mentioned Metaquotes.

Google this 'Multi Purpose Trade Management EA'. Read the 1st entry, it should be from forexfactory.com

... sometimes I can sympathise with Steve.

Consistency above all.
Member Since Apr 17, 2012   7 posts
May 10, 2012 at 18:57
Thank you, but I still do not understand... What do I have to do with what you wrote before?
Member Since Nov 27, 2010   244 posts
May 11, 2012 at 02:14
You could copy that text, open the Meta Editor, and paste that into an EA. (There are two more variables that need to be defined though.)

But you should skip that and just use the Multi Purpose Trade Management EA by Steve Hopwood in the forexfactory.com link.
Consistency above all.
Member Since Nov 27, 2010   244 posts
May 13, 2012 at 02:18 (edited May 13, 2012 at 02:18)
Whoops, I notice my comments in my CloseAll() function says it closes Pending Orders too but it doesn't. I forgot to update it when I separated it out.
Consistency above all.
Member Since Dec 15, 2010   795 posts
May 26, 2012 at 19:26
I have a programmer that could do that money management program change for a fee. Hes very good. Most likely would charge form $35 to $75 would be my guess if the prg isnt private or locked.
Click on my Name to see My Live Charts and Bio.
Member Since Nov 27, 2010   244 posts
May 31, 2012 at 01:56
I've written the EA, you can find it here.

https://raidenworks.com/2012/05/31/drawdown-percent-close-ea/
Consistency above all.
Member Since May 30, 2012   134 posts
May 31, 2012 at 06:05
Dude i would program those lines for ar 5 $
This is one or 2 simple for functions till everything is closed
I am the change in the market that causes you to lose :p / Watch out before I negative pip you! ^^
Member Since Nov 27, 2010   244 posts
May 31, 2012 at 09:29
*Must* suppress urge not to.. feed.. troll....
Consistency above all.
Member Since Dec 15, 2010   795 posts
Jun 03, 2012 at 07:18
There are a number of free EAs that can be added to a extra chart to do what you wish, I had my programmer add that function to my last EA.
Click on my Name to see My Live Charts and Bio.
Member Since Nov 27, 2010   244 posts
Jun 03, 2012 at 10:45
@ Professor53:

Could you point out the links to them? Would be interesting to check them out.
Consistency above all.
Member Since Jul 07, 2016   1 posts
Nov 08, 2016 at 07:25
Hi Raiden.
I like your indicator but need update.
Please update your indicator with new MQL4 language. (The MQL4 language has significantly changed since build 600 in the beginning of 2014).
If I cannot update it, the guidelines me to update it. I am a novice in MQL
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