virtual profit close
Info
The virtual profit close is a Expert Advisor for MetaTrader 4 that virtual profit close with this expert adviser you can control an already existing open position (by another ea or a manual order) and close it by desired profit level virtually. additionally a trailing stop can be used (not virtual.
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 virtual profit close
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
virtual profit close with this expert adviser you can control an already existing open position (by another ea or a manual order) and close it by desired profit level virtually.
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: close positions by percentage profit or loss - another powerful expert for MetaTrader 4 traders.
virtual profit closewith this expert adviser you can control an already existing open position (by another ea or a manual order) and close it by desired profit level virtually. additionally a trailing stop can be used (not virtual!)
Also recommended: Automated Position Closing by Profit/Loss Target - similar expert with strong performance on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.01"
#property strict
enum tdir {sell,buy,};
sinput string ean ="-virtual profit close-";
input tdir testdirection = sell;//strategy tester order type ( buy or sell )
extern int magicnumber = 1234;//set magic number to monitor
extern double profit = 30.;//set virtual take profit pips
sinput string ea1 ="| -> trailing stop";.......
⚠ 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.