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CloseAllAtEquityLevel
Anggota Sejak Apr 17, 2012
7 pos
May 04, 2012 at 02:46
Anggota Sejak Nov 27, 2010
244 pos
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;
}
}
}
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.
Anggota Sejak Apr 17, 2012
7 pos
May 10, 2012 at 18:37
Anggota Sejak Apr 17, 2012
7 pos
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?
Anggota Sejak Apr 17, 2012
7 pos
May 11, 2012 at 02:14
Anggota Sejak Nov 27, 2010
244 pos
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.
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.
Anggota Sejak Dec 15, 2010
795 pos
May 26, 2012 at 19:26
Anggota Sejak Dec 15, 2010
795 pos
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.
May 31, 2012 at 01:56
Anggota Sejak Nov 27, 2010
244 pos
I've written the EA, you can find it here.
https://raidenworks.com/2012/05/31/drawdown-percent-close-ea/
https://raidenworks.com/2012/05/31/drawdown-percent-close-ea/
Consistency above all.
Anggota Sejak May 30, 2012
134 pos
Anggota Sejak Dec 15, 2010
795 pos
Nov 08, 2016 at 07:25
Anggota Sejak Jul 07, 2016
1 pos
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
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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