multi pair closer
Info
The multi pair closer is a Expert Advisor for MetaTrader 4 that this ea will monitor the net profit of a currency basket and close all positions when the specified profit has been acquired. it does not matter which chart you run the bot on, all pairs that you have chosen to monitor will be monitored.
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 multi pair closer
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
this ea will monitor the net profit of a currency basket and close all positions when the specified profit has been acquired.
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: sma multi hedge ea - another powerful expert for MetaTrader 4 traders.
this ea will monitor the net profit of a currency basket and close all positions when the specified profit has been acquired. it does not matter which chart you run the bot on, all pairs that you have chosen to monitor will be monitored.
Also recommended: multibreakout expert advisor - similar expert with strong performance on MetaTrader 4.
settingscurrency basket
- a comma separated list of the currency pairs to watch. this is case sensitive, so use the exact names of your instruments as shown in the market watch window.
profit target in account currency
- the net profit amount you're aiming for with the currency basket.
maximum allowed loss in account currency
- the net loss amount you're willing to withstand.
allowed slippage when closing orders
- the slippage setting to send with the commands that close positions.
minimum age of order in seconds
- the minimum age of an order to be closed, by default orders created within the last 60 seconds will not be closed.
You may also like: prototype-ix: a multicurrency ea example - excellent alternative for expert users on MetaTrader 4.
Source Code
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⚠ 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.