close@profit
Info
The close@profit is a Expert Advisor for MetaTrader 4 that close@profit is an ea that close orders after defined profit or loss. you can define if to close only trades on current symbol or to close all orders on all symbols, to close only opened trades or also delete pending orders.
Usage
This tool is typically used for automated trading on major forex pairs and gold.
Platform
This Expert Advisor works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Experts folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use close@profit
1. Installation: Open the "File" menu, select "Open Data Folder," navigate to MQL/Experts, paste your file, and restart the terminal.
2. Activation: Drag the EA from the Navigator onto a chart, ensure "Allow live trading" is checked in the Common tab, and verify the AutoTrading button is green.
3. Optimization: Right-click your chart, choose "Expert List," click "Properties" to adjust inputs, and save your preferred setup as a set file for future use.
4. Maintenance: Regularly check the "Experts" tab in the terminal window to monitor trade logs and potential execution errors.
Frequently Asked Questions
Q: Why is my EA not opening trades? A: Check the "AutoTrading" button, ensure "Allow live trading" is enabled, and verify your broker allows automated trading on your account type.
Q: Can I run multiple EAs on one chart? A: No, each chart can only host one active EA; however, you can open multiple charts for different currency pairs to run several EAs.
Q: What does the "smiley face" icon mean? A: A smiley face in the top-right corner of the chart indicates the EA is successfully running; a frowny face means it is disabled.
What this tool does
close@profit is an ea that close orders after defined profit or loss.
Typical Use Case
This Expert Advisor excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Expert Advisor works on MetaTrader 4. Place the file in the MQL4/Experts folder and restart the terminal.
Description & Settings
Related: nevalyashka stop up - another powerful expert for MetaTrader 4 traders.
close@profit is an ea that close orders after defined profit or loss.
you can define if to close only trades on current symbol or to close all orders on all symbols, to close only opened trades or also delete pending orders.
Also recommended: droneox equity guardian - similar expert with strong performance on MetaTrader 4.
based on
close at profit
idea from
matus german
but including commissions, swaps and changes in ui.
input variables
useprofittoclose = true; - if it is true the ea will close trades when the profit is greater than defined profit to close
profittoclose = 100; - the defined profit in account currency, when close trades
uselosstoclose = false; - if it is true the ea will close trades when the loss is greater than defined loss to close
losstoclose = 100; - the defined loss in account currency, when close trades
allsymbols = true; - if it is true the ea closes trades on all symbols, if false- only on current symbol where ea is attached
pendingorders = true; - if it is true the ea closes also pending orders, on all symbols or current symbol depends on allsymbols setting
maxslippage = 3; - maximal allowed slippage in pip
legendcolor = white; - color of label text
variablescolor = gold; - color of variables
fontsize = 8; - font size
You may also like: X3MA EA: Three Moving Average Expert Advisor - excellent alternative for expert users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.00"
#property strict
extern bool useprofittoclose = true;
extern double profittoclose = 100;
extern bool uselosstoclose = false;
extern double losstoclose = 100;
extern bool allsymbols = true;
extern bool pendingorders = true;.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.