close agent
Info
The close agent is a Expert Advisor for MetaTrader 5 that this is a free example of an automated tool designed to close open positions at the optimal moment, combining two of the most effective technical analysis indicators: bollinger bands and rsi. it is particularly useful for closing residual trades at the end of the day or session, identifying overbought and oversold levels to find the best exit points, especially in low volatility conditions.
Usage
This tool is typically used for automated trading on major forex pairs and gold.
Platform
This Expert Advisor works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Experts folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use close agent
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 is a free example of an automated tool designed to close open positions at the optimal moment, combining two of the most effective technical analysis indicators: bollinger bands and rsi.
Typical Use Case
This Expert Advisor excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Expert Advisor works on MetaTrader 5. Place the file in the MQL5/Experts folder and restart the terminal.
Description & Settings
Related: Close All Positions on Maximum Loss - another powerful expert for MetaTrader 5 traders.
this is a free example of an automated tool designed to close open positions at the optimal moment, combining two of the most effective technical analysis indicators: bollinger bands and rsi. it is particularly useful for closing residual trades at the end of the day or session, identifying overbought and oversold levels to find the best exit points, especially in low volatility conditions. it's also useful during the uncertainty leading up to high-impact news.
Also recommended: yuraz closeprc 1 - similar expert with strong performance on MetaTrader 5.
update:added closeall function for all positions at specified profit.
You may also like: exp vw a p close - excellent alternative for expert users on MetaTrader 5.
Source Code
#property copyright "RobotFX"
#property description "Educational code - RobotFX www.robotfx.org"
#property version "1.00"
#property strict
#include <Trade\Trade.mqh> CTrade trade;
enum MCLOSE{
Manual=0, // Manual trades
Auto=1, // Algo trades
Both=2,};
enum OPMODE{LiveBar=0,NewBar=1};.......
⚠ 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.