Track/Close Buys and Sells Buttons
Info
The Track/Close Buys and Sells Buttons is a Expert Advisor for MetaTrader 4 that this tool is designed to track and manage your trading positions, providing a clear overview of your profits for sell and buy orders. Key features:- Separate profit tracking for sell and buy 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 Track/Close Buys and Sells Buttons
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 tool is designed to track and manage your trading positions, providing a clear overview of your profits for sell and buy orders.
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: simple engulf - another powerful expert for MetaTrader 4 traders.
This tool is designed to track and manage your trading positions, providing a clear overview of your profits for sell and buy orders.Also recommended: pinbar - similar expert with strong performance on MetaTrader 4.
Key features:- Separate profit tracking for sell and buy orders.
- Visual representation on the chart with buttons.
- Ability to close all buys or sells with a single click.
Use Cases:
- **Averaging Strategy**: When a trade goes against you, you can quickly identify and close the losing positions, allowing you to adjust your strategy.
- **Magic Number Filtering**:
- Magic < 0: Track and close all magic numbers for a specific symbol.
- Magic = 0: Focus on manually opened orders.
- Magic > 0: Manage orders from other EAs.
- **Comment Filtering**: Further refine tracked orders by including a comment filter string.
This tool is a powerful addition to your trading arsenal, offering a simple yet effective way to monitor and adjust your positions for better trading outcomes.
You may also like: Auto Tstop EA for MetaTrader 4 - excellent alternative for expert users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.00"
#property strict
input int magic = 0; // magic number, -1 for all, 0 for manual
input string filtercomment = ""; // filter by order comment string
input int slippage = 3; // maximum allowed slippage
double profitb = 0.0, profits = 0.0;
int oninit()
{.......
⚠ 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.