is there a way to automatically close all trades when a cumulative open profit/loss threshold gets breached?
Yes, it is possible.
Trading applications for MetaTrader 5 to order
- www.mql5.com
1. The idea of the trading system is as follows : Market entries are performed when a candle closes within a certain distance of the SMA. The aim is to capture small bounces off of the SMA with the TP. 2. Trading signals; Please find attached print screen Buy signal: 1) bar opens at least ( variable ) pips above SMA 2) Bar closes within...
there are plenty free scripts here
https://www.mql5.com/en/search#!keyword=close%20all
good luck
Thanks, i've made an order
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Ok so I'm completely new to the MT world, and know absolutely nothing about coding. I've always just been a chart it out on tradingview kinda guy. But I have this different technique for Taking profit/loss I really want to try, and it would require some automation to do it. My question is, if I have, say, 9 trades open, and I have a take profit value in mind that i want to reach, say $1500. Is there a way, if my portfolio of open trades reaches $1500 combined, across all my open trades, to have that event automatically trigger liquidation of all my open trades? Basically, instead of having a target in mind for each individual trade, I want to try setting a general profit target/loss limit, that once its reached, i quit while i'm ahead/cut my losses, so to speak. If such a thing isn't already out there, i'd be willing to pay for someone to develop it for me (seems like it should be fairly simple, compared to some of the stuff i see described, but as i said before, i'm completely out of my depth here). Thanks in advance!
-Erik