Market / MetaTrader 4 / Utilities /

PnL Manager EA

Demo downloaded: 15

Published: 2 April 2020

Current version: 1.0

PnL Manager EA

Utilities
HITESH ARORA
Version: 1.0
Activations: 5

Profit and Loss Manager EA is to close the running or pending trades when reached to a specified profit or loss. EA works fully on virtual mode i.e. no hard Stop Loss or Take profit set.

You can run the EA in any of the 3 modes:

1. Per Trade: In this mode, actions are applied to all the trades separately. Rules are applied on a single trade separated, it’s profits/loss not combined with any other trades.

2. Per Pair: In this mode, actions are applied to the sum of the trades in a single currency pair.

3. Whole Account: In this mode, actions are applied to the combined results of all the trades in all currency pair.

Refer this link for more detailed explanation of EA Settings:

https://www.mql5.com/en/blogs/post/734746

After you attached the EA to a chart it will show the following information on the chart:

Running Mode of the EA
Conditions for the EA
Actions to be performed.

We recommend using EA in demo account first to understand all the functionality.

EA Settings:

Conditions

Run Mode: It tells the running mode of the EA

Per Trade: In this mode, conditions applied to all the trades separately
Per Pair: In this mode, conditions applied to the combination of trades per pair
Whole Account: In this mode, conditions are applied to the combination of the all the trades running. When Current Chart Only is enabled, it works only on the Current chart and ignores all other pairs

Current Chart Only: If true, EA applied only on the attached chart pair
Combine Buy & Sell: If true, it will combine BUY and SELL trades for calculation
Profit Book Type:

Points: In this option profit/loss is calculated only in points
Currency: In this option profit/loss is calculated only in account currency
Both: In this option profit/loss is calculated by both the ways points and account currency

Profit Points: It shows the profit in points
Loss Points: It shows the loss in points
Profit Currency: It shows the profit in account currency
Loss Currency: It shows the loss in account currency
Ignore Loss Points/Currency: If true, it will set the profit in Points/Currency not loss
Profit Calculation Method: It tell which method is used to calculate points

Average: It uses weighted average mean for points calculation
Sum: It uses summation for points calculation

Actions

Close Open Trades: If true, close open trades
Close Pending Order: If true, close pending orders

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This indicator provides the technical overview using following tools: Pivot Points Technical Indicators Moving Averages Pivot Points are calculated using five different methods: Classic Fibonacci Camarilla Woodie DeMark With the technical indicator , you can find the trading signals using the combination of different indicators. It supports the following technical indicators: RSI Stochastic Stochastic RSI MACD ADX CCI ATR Ultimate Oscillator ROC Bull/Bear Power Moving Averages is used to find th

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Contact us for any custom order, CodeYourTrade.com . Keltner Channels are volatility-based envelopes. Moving average dictates direction and the ATR sets the channel width. It’s a trend following indicator used to identify reversals. Channels can also be used to identify overbought and oversold levels when the trend is flat. Trading Strategy We have created 2 zones SELL ZONE and BUY ZONE using the Keltner channels. In SELL ZONE (upper) we take only sell orders and in BUY ZONE (lower) we take

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Contact us for any custom order, CodeYourTrade.com . The MACD Histogram measures the distance between the MACD line and the MACD signal line. Two important terms are derived from the MACD histogram are: · Convergence : The MACD histogram is shrinking in height. This occurs because there is a change in direction or a slowdown in the trend. When that occurs, the MACD line is getting closer to the MACD signal line. · Divergence : The MACD histogram is increasing in height (eit

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Contact us for any custom order, CodeYourTrade.com . Multiple Moving Average (MA) indicator is used to find the direction of the trend using multiple Moving Average indicators. It calculates using the following rules: · Ask < MA, it is SELL · Bid > MA, it is BUY · Ask > MA > Bid, it is None (no signal) After you attached the indicator to a chart it will show the following information on the chart: Multiple MAs arranged by their method Buy and Sell count Summary: Co

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Contact us for any custom order, CodeYourTrade.com . This indicator is used to calculate the pivot points using 5 different methods: Classic Fibonacci Camarilla Woodie DeMark After you attached the indicator to a chart it will show the following information on the chart: Pivot points levels of the current chart using different methods. Indicator Setting Pivot Point Calculator Show Pivot Point Calculator: Show all pivot points on chart Pivot Points Timeframe: It tells which time is used to ca

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Contact us for any custom order, CodeYourTrade.com . The Stochastic RSI indicator is essentially an indicator of an indicator. It is used in technical analysis to provide a stochastic calculation to the RSI indicator. This means that it is a measure of RSI relative to its own high/low range over a user-defined period of time. This indicator is primarily used for identifying overbought and oversold conditions. You can hide all the information displayed in the chart by setting false to Sho

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Spread & Swap Indicator is used to check the spread and swap for the current pair. You can hide all the information displayed in the chart by setting false to Show On Chart . Indicator Settings: Main Setting Display Spread : Shows the spread of the current pair. Display Swap (per lot) : Show the swap charges per lot for the current pair. Display Setting Display : Shows the indicator information on chart Location : Location of the display window Top-Left : Display all the details in top-left p

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With the Technical Analysis indicator, you can find the trading signals using the combination of different technical indicators. It supports the following technical indicators: 1. RSI 2. Stochastic 3. Stochastic RSI 4. MACD 5. ADX 6. CCI 7. ATR 8. Ultimate Oscillator 9. ROC 10. Bull/Bear Power After you attached the indicator to a chart it will show the following information on the chart: 1. Technical indicators, their values and the signal generated fro

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Contact us for any custom order, CodeYourTrade.com . With the Technical Indicator Multi-Timeframe, you can easily identify the oversold/overbought levels or buy/sell levels points on several different timeframes by using only one chart. You can confirm Short Term trades by higher timeframe Levels. It supports 4 technical indicators as of now Stochastic, RSI, Parabolic SAR & Heiken Ashi. After you attached the indicator to a chart it will show the following information on the chart: Timeframe

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Contact us for any custom order, CodeYourTrade.com . Trade Notifier indicator is used to notify opening or closing of the trades via email or alert. It can also send regular trade updates via email. After you attached the Indicator to a chart, it will show the following information on the chart: 1. Alert information 2. Email information 3. Details to include in email body You can hide all the information displayed in the chart by setting false to Display . Indicator Settings A

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Contact us for any custom order, CodeYourTrade.com . Trend Direction indicator finds the direction of the trend using 2 indicators ADX and Parabolic SAR. Change the color of the Sell and Buy strength from the Colors tab in indicator settings. After you attached the indicator to a chart it will show the following information on the chart: 1. Parabolic SAR: Input values of Parabolic SAR Indicator 2. ADX: Input values of ADX Indicator 3. Trend Strength: Direction of the trend

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Contact us for any custom order, CodeYourTrade.com . Martingale EA is a multicurrency Expert Advisor using martingale or grid technique to trade the market. Trading strategy: Manual Entry + Automated Trade Management Manual Entry : User can input the starting trade type in the EA based on their analysis. The EA has no intelligence of its own to decide the entry trade type. Intelligence can be added in the EA upon request. Automated Trade Management : It manages the trade using martingale or gr

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Contact us for any custom order, CodeYourTrade.com . Timed Close EA is used to close all the trades automatically at your specific time. You can set the EA using any of the 3 options: 1. OneTime: In this option EA will run only once. Execute at that date-time and stops. 2. Weekly: In this option EA will run at specific day-time every week. For example if you wanted to close all the trades before market close at Friday, you can use this option. 3. Daily: In this option EA will run d

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Contact us for any custom order, CodeYourTrade.com . The main use of Straddle EA is to trade at the major fundamental news events. It opens 2 pending orders Buy Stop and Sell Stop to capture the market single direction movements at the time of news. The EA will run from "News Time – Seconds before News Time" to "Expiration Time". These are the sequence of states in the EA: Waiting : Before "News Time – Seconds before News Time". The EA is waiting to start. Passed : The EA started and trade ex

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Contact us for any custom order, CodeYourTrade.com . Partial Close EA is used to partially close running trades. EA has an option to filter out the trades and works only on specific trades. Following are the filters for the EA: 1. Magic Number: Have an option to works on all orders with the given magic number 2. Order Number: Can work specifically on the single order with the given order number 3. Chart: Can work for all the trades of the current attached chart Example : Let’s sa

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Contact us for any custom order, CodeYourTrade.com . Brent Wti spread indicator shows the difference of Brent and Wti value. Trading Strategy: Identify the range of spread movement. To buy the difference execute these 2 trades “Buy BRENT and Sell WTI” To sell the difference execute these 2 trades “Sell WTI and Buy BRENT” Indicator Settings: Main Setting Indicator Maximum : Maximum level to show in indicator Indicator Minimum : Minimum level to show in indicator Brent Symbol Name : Symbol n

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