close all positions by total profit or loss
Info
The close all positions by total profit or loss is a Script for MetaTrader 4 that this expert advisor closes all open positions when a specified total profit or loss level for the account is reached. it can also remove pending orders.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Script works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Scripts folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use close all positions by total profit or loss
1. Installation: Move your script file into the MQL/Scripts directory and restart the platform.
2. Execution: Drag the script onto a chart; it will perform a one-time action, such as closing all open orders or clearing chart objects.
3. Editing: Use MetaEditor (F4) to modify code, click "Compile," and verify no errors appear in the terminal before running.
4. Removing: Scripts stop automatically, but you can remove them manually by right-clicking the chart and choosing "Remove Script."
Frequently Asked Questions
Q: How are scripts different from EAs? A: Scripts execute a single action and then stop; EAs monitor the market and trade continuously.
Q: Can I assign a hotkey to a script? A: Yes, right-click the script in the Navigator, select "Set Hotkey," and define your preferred keyboard shortcut.
Q: Why did my script stop? A: Scripts are designed to stop immediately after finishing their programmed command; this is normal behavior.
What this tool does
this expert advisor closes all open positions when a specified total profit or loss level for the account is reached.
Typical Use Case
This Script excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Script works on MetaTrader 4. Place the file in the MQL4/Scripts folder and restart the terminal.
Description & Settings
Related: script to close all orders - another powerful script for MetaTrader 4 traders.
this expert advisor closes all open positions when a specified total profit or loss level for the account is reached. it can also remove pending orders.Also recommended: cm insurer: strategy for managing losing positions - similar script with strong performance on MetaTrader 4.
settings:
targetloss
=30 - target loss amount in deposit currency.
targetprofit
=60 - target profit amount in deposit currency.
deleteorders
=true - remove pending orders after closing all positions.
closeterminal
=false - close the terminal after closing all positions.
showcomment
=true - display comments.
numberaccount
=0 - trading account number.
usesound
=false - use sound alerts.
soundsuccess
="ok.wav" - sound file for successful closure.
sounderror
="timeout.wav" - sound file for closure errors.
slippage
=3 - price slippage tolerance.
numberoftry
=5 - number of trading attempts after an error.
You may also like: close loss positions by deposit currency amount - excellent alternative for script users on MetaTrader 4.
Source Code
#property copyright "RobotFX"
#property link "https://robotfx.org"
extern string _P_Expert="---------- Параметры советника";
extern double TargetLoss = 30; // Целевой убыток
extern double TargetProfit = 60; // Целевая прибыль
extern bool DeleteOrders = True; // Удалять отложенные ордера
extern bool CloseTerminal = False; // Закрыть терминал
extern bool ShowComment = True; // Показывать комментарий
extern int NumberAccount = 0; // Номер торгового счёта
extern string _P_Performance= "---------- Параметры исполнения";.......
⚠ 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.