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- Published:
- 2024.09.03 04:19
- Updated:
- 2024.09.03 07:28
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The Dual Profit Closer EA is a user-friendly automated trading tool designed to enhance your trading strategy by managing and closing both buy and sell orders independently based on predefined profit thresholds.
What it does:- Separate Buy & Sell Order Management: This EA tracks buy and sell orders individually, ensuring that each type of order is closed only when it reaches your specified profit level. This dual functionality allows for more precise control over your trading strategy.
- Real-Time Profit Tracking: Stay informed at all times with live updates of your overall buy and sell profits displayed directly on your chart. This feature helps you quickly assess your trading performance without needing to dig through multiple reports. Live information will be updated on every tick.
- Customizable Profit Thresholds: Easily set and adjust your desired profit levels for both buy and sell orders. The EA will automatically close orders that meet or exceed these thresholds, helping you lock in gains at the optimal moment.
- Avoid broker manipulation: This EA will instantly close all deals when the overall profit for either buy or sell orders reaches your threshold, without setting take profit (TP) or stop loss (SL) levels.
![EA EA](https://c.mql5.com/18/156/2024-09-03_09_39_51-55604021__OctaFX-Demo_-_Demo_Account_-_Octa_Markets_Incorporated_-_vGBPUSDoH16.png)
Ideal Use Cases:
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Day Trading & Scalping: For traders who engage in high-frequency trading, the Dual Profit Closer EA ensures that profits are secured quickly and efficiently, reducing the risk of market reversals erasing gains.
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Swing Trading: Swing traders can benefit from setting profit targets that align with their medium-term market outlook, allowing the EA to manage trades according to predefined criteria without constant oversight.
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Part-Time Trading: If you cannot monitor the markets full-time, this EA ensures your trades are managed automatically, so you don’t miss out on profit-taking opportunities while away from the screen.
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Risk Management: By using separate profit thresholds for buy and sell orders, the EA helps in managing risk effectively, ensuring that both bullish and bearish trades are handled according to your risk tolerance.
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