Partial Close Multi TP Manager for MetaTrader 5

Related: Basket Pair Closer: Efficiently Close Trading Positions - another powerful expert for MetaTrader 5 traders.

A versatile tool for MetaTrader 5 that allows for partial profit-taking across up to five distinct levels for any open position.

Also recommended: Basket Protective Close - similar expert with strong performance on MetaTrader 5.

This EA is designed to manage trades on various instruments including Gold (XAUUSD), EURUSD, indices, and cryptocurrencies.

Key Features:
- Set Take Profit (TP) levels at specified point distances from the entry or as multiples of the Stop Loss (Risk Ratio - R).
- Define the percentage of the initial lot size to be closed at each TP level.
- The EA monitors manual trades and positions opened by other EAs, filtered by Magic Number.
- Partial closes are executed automatically as price reaches each defined level.

Risk Management and Automation:
- After a partial close, the Stop Loss can be moved to breakeven with an optional offset.
- An optional trailing stop can be activated once breakeven is reached.
- Positions without an initial Stop Loss can have one automatically added.
- TP levels and executed closes are stored in terminal global variables, ensuring continuity through terminal restarts.

Lot Size Management:
- Partial volumes are automatically rounded to comply with the broker's minimum lot step.
- If the remaining volume falls below the minimum lot size, the entire position is closed.

Settings Overview:

Strategy Settings:
- TP Distance Mode: Choose between fixed points from entry or multiples of the Stop Loss distance (R).
- TP Distance (1-5): Specify the distance for each TP level in points or R multiples.
- TP Close Percent (1-5): Set the percentage of initial volume to close at each TP level. Levels with 0 percent or 0 distance are skipped.
- Close Remainder at Last Level: Option to close any remaining volume at the highest active TP level, regardless of its defined percentage.

Close / Exit Settings:
- Move SL to Breakeven: Specify which TP level should trigger the Stop Loss to move to breakeven. Set to 0 to disable.
- Breakeven Offset: Add points to the breakeven level to cover trading costs.
- Trailing Stop: Configure the start level, distance, and step for the trailing stop in points. It activates only after breakeven is reached.

Risk Protection Settings:
- Add Stop Loss: Define the distance in points to automatically add a Stop Loss to positions that do not have one. Set to 0 to disable this feature.

Filters Settings:
- Positions to Manage: Choose to manage only positions on the current chart's symbol or all symbols on the account from a single chart.
- Magic Number to Manage: Manage all positions (including manual trades) by setting this to 0, or specify a Magic Number to manage only positions opened by a particular EA.
- Manage Buy/Sell Positions: Enable or disable management for buy or sell positions independently.

Expert Settings:
- Max Slippage: Maximum allowed slippage in points for partial closes.
- Status on Chart: Display EA status as plain text on the chart.
- Log Actions: Enable logging of all EA actions to the Experts tab.
- Pop-up Alert: Configure optional alerts for each partial close.

Requirements:
- MetaTrader 5 platform.
- Hedging or netting account type.
- Algo trading must be enabled in the MT5 terminal settings.

Usage Notes:
- A single chart is sufficient for managing all account positions when 'Positions to Manage' is set to 'all symbols'.
- The EA operates on a one-second timer and also reacts to price ticks.
- The EA does not have its own Magic Number; executed deals retain the original Magic Number of the managed position, preserving the integrity of other EAs' statistics.

Customization and Integration:
- Attach the EA to your preferred trading chart (e.g., XAUUSD, EURUSD, BTCUSD).
- It can enhance scalping or grid EAs that typically use a single TP.
- In R mode, it transforms a Stop Loss into a dynamic risk-reward ladder (1R, 2R, 3R), suitable for various trading strategies.
- The core functions (XP_CloseVolume, XP_BreakEven, XP_Trailing) are modular and can be integrated into your custom Expert Advisors or trade managers.

About the Code:
- This is open-source software. Feel free to use, adapt, and build upon it.

Related Tools:
- Basket Pair Closer: Manages pairs by closing the best winner with the worst loser.
- XPro Trade Panel: A comprehensive panel for manual trade entries, Stop Loss, breakeven, and partial closes on MT5 and MT4.
- Grid XAUUSD & Gold Recovery: Expert Advisors specifically for Gold trading, designed to work with this manager.

Version History:
v1.0 - 2026-10-25 - Initial release.

You may also like: Close All Positions on Maximum Loss - excellent alternative for expert users on MetaTrader 5.

#property copyright "RobotFX"
#property link "https://robotfx.org"
#property version     "1.00"
#property description "This code is educational. Feel free to use, modify and upgrade as you wish. Visit ROBOTFX.ORG for professional trading tools"
#include <Trade\Trade.mqh>
enum ENUM_XP_TP_MODE
  {
   XP_TP_POINTS = 0,
   XP_TP_RISK   = 1
  };

.......

• 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.