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Partial Close EA

2.67

The most simple and easy to use Partial Close EA (by Rimantas Petrauskas)

The main idea of this EA is to apply partial close to your positions. EA will automatically find your open market positions and apply partial close according to your settings.

For those who do not know what Partial Close is: it is simply an action to close only a part of your position. For example, if your trade lot size is 1.2 and you close 25% of it (which is 0.3) you will still have 0.9 lot size trade running and existing bank profits from that 0.3 lot size that was just closed. This action obviously can be performed manually, but if you want to program your MT4 to do this for you then you need "Partial Close EA".


How to use Partial Close EA?

The EA should be attached to a separate chart on your MT4 and it will apply partial close to all trades selected by magic number or trade number. The EA will see the trades of that currency pair (instrument) that it is attached to. By default the EA will apply partial close to any market order on the currency pair (instrument) it is attached to. The EA can also be applied to non-Forex pairs/instruments like Indices, Commodities, etc. For this you might need to use CustomPipSizes option (read explanation below).


Partial Close EA Inputs

  • ManageMagicNumber — This tells the EA to apply partial close to trades only with certain magic number you choose. If this value is set to zero, the EA will manage only manually opened trades. If you set this to -1 (negative one), the EA will manage all of the trades running on the account (default value).
  • ManageTradeNumber — This tells the EA to apply partial close only to the trade number specified. This will also make the EA ignore the ManageMagicNumber option.
  • ManageTradeWithComment - This tells the EA to apply partial close only to those trades that have a specified text in "trade comment". If you set this parameter to "777", it will manage trades that have "trade comment" like "1777" or "777" or "777565, but not "7737" or trades with no "trade comment" at all.
  • PartialCloseCount — This tells the EA to apply partial close X times. Set this to zero to disabled Partial Close option.
  • PartialCloseOnHoldPips — This tells the EA to start partial close when trade reaches X pips in profit. Zero means EA will start applying partial close at the first target (PartialCloseStepPips). If this option is set to 50 pips and PartialCloseStepPips=20 pips, then EA would wait for the trade to reach profit of 50 + 20 = 70 pips to close the first part of the trade.
  • PartialCloseStepPips — This tells the EA to apply partial close each X pips in profit. If this option is set to 20 pips and PartialCloseCount=3, then EA will apply partial close 3 times every 20 pips. This means TP1 = 20 pips, TP2 = 40 pips and TP3 = 60 pips.
  • PartialCloseStepPercent — This tells EA to close X% of the trade. Percentage of the lot size is counted from the initial lot size.
  • PartialCloseBreakEvenAfter — This indicates after how many partial closes EA should move stop loss to a break-even point (open price + few pips to cover commission expenses). Zero value means no break-even will be applied.
  • CustomPipSizes — I have added this option because there are no standard pip sizes for indices and other non-Forex pairs between brokers. This option allows you to override the pip size that the EA will detect automatically. In 99% cases EA will work fine on all Forex pairs, but for non-Forex pairs you might notice that pip size is different between brokers. For example NAS100 with one broker might be quoted with 1 decimal and another broker might quote it to 2 decimals. Here is an example how to enter in a comma separated list of custom pip sizes: XAUUSD=0.1,XAGUSD=0.01,WTI=0.1
  • For those who are using EA on a non-Forex pairs please set the CustomPipSizes option correctly according to your broker settings. Sorry, I am unable to help you setting this option, because each broker might need different value.
  • SlippageClosePips — This is the slippage setting EA will use to exit the market (close the trade). Note that not all brokers use this and this will be ignored by your broker on ECN accounts. If you do not know what that is, simply leave it as is.


Author

Rimantas Petrauskas, programmer, software engineer, algorithmic Forex trader.

Comentarios 20
darktideac2
247
darktideac2 2016.04.06 19:26 
 

Great program! Other scale out EA's I have tried worked only on attached chart and you had to set timeframe manually and cost 10x as much as this one.

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Trade Panel es un asistente comercial multifuncional. La aplicación contiene más de 50 funciones para el comercio manual y le permite automatizar la mayoría de las acciones comerciales. Antes de comprar, puede probar la versión demo en una cuenta de demostración. Demostración aquí . Instrucciones completas aquí . Comercio. Le permite realizar operaciones comerciales básicas con un solo clic: Apertura de órdenes y posiciones. Abrir una cuadrícula de órdenes. Cierre de órdenes y posiciones. Revers
Layer Master Toolbox
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5 (4)
Utilidades
GRID TRADING - Layer Master tool kit is the ultimate, easy to use trading toolkit makes it simple to layer grids of Orders over any entry level. This toolkit will make it simple and fast to Open / Enter and Manage your grid trades on MT4. Every function is simple - but clicking and dragging the order zone - you define an area you want your orders, then you can quickly drag the SL and TP levels to where you want them. Hit one button and your orders are sent!!!  Features: It is capable to send h
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Alfiya Fazylova
4.72 (18)
Utilidades
Grid Manual es un panel de negociación para trabajar con una cuadrícula de órdenes. La utilidad es universal, tiene configuraciones flexibles y una interfaz intuitiva. Funciona con una cuadrícula de pedidos no solo en la dirección de promediar pérdidas, sino también en la dirección de aumentar las ganancias. El usuario no necesita crear y mantener una cuadrícula de pedidos, la utilidad lo hará. Basta con abrir un pedido y el "Grid manual" creará automáticamente una grilla de pedidos para el mism
Mentfx Mmanage
Anton Jere Calmes
5 (15)
Utilidades
The added video will show you the full functionality, effectiveness, and simplicity of this trade manager. Drag and Drop Trade Manager. Draw your entry and have the tool calculate the rest. Advanced targeting and close portions of a trade directly available in tool (manage trades while you sleep). Market order or limit order on either side with factored spread. Just draw the entry, the tool does the rest. Hotkey setup to make it simple. Draw where you want to enter, and the stop loss, the tool c
Copy Evolution
Antonis Michos
Utilidades
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5 (37)
Utilidades
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Trinh Dat
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Utilidades
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4.48 (21)
Utilidades
El Asesor Experto   repite   operaciones y posiciones o señala un número preestablecido de veces en su cuenta   MetaTrader 4   . Copia todas las transacciones abiertas manualmente o por otro Asesor Experto. ¡Copia señales y aumenta el lote de señales   ! Aumenta la cantidad de otros EA. Se admiten las siguientes funciones: lote personalizado para operaciones copiadas, copia de Stop Loss, Take Profit, uso de trailing stop. Versión MT 5 Descripción completa +DEMO +PDF Cómo comprar Cómo instala
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Trinh Dat
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The product will copy all  Discord  signal   to MT4   ( which you are member  ) , also it can work as remote copier.  Easy to set up. Work with almost signal formats, support to translate other language to English Work with multi channel, multi MT4. Work with Image signal. Copy order instant, auto detect symbol. Work as remote copier: with signal have ticket number, it will copy exactly via ticket number. How to setup and guide: Let read all details about setup and download Discord To MetaTrade
MT4 Local Trade Copier Pro
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3.58 (12)
Utilidades
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OneClick Auto Close MT4
Kyra Nickaline Watson-gordon
Utilidades
A utility to close all orders automatically when conditions meet. Various options are available to filter or select orders : Conditions : Closing conditions. 3 different conditions can be defined. EA will close orders anytime one or more defined conditions meet. Conditions can be defined based on account properties or selected orders properties. Also a fixed time to close orders is available. Type of orders : Buy / Sell / Buy Limit / Sell Limit / Buy Stop / Sell Stop Symbol Selection : All /
RedFox Copier Pro
Rui Manh Tien
4.73 (11)
Utilidades
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VirtualTradePad mt4 Extra
Vladislav Andruschenko
4.88 (57)
Utilidades
Panel de comercio para operar en 1 clic.  ¡Trabajando con posiciones y pedidos!  Operar desde el gráfico o desde el teclado. Con nuestro panel de operaciones, puede operar con un clic del gráfico y realizar operaciones comerciales 30 veces más rápido que el control estándar de MetaTrader. Cálculos automáticos de parámetros y funciones que facilitan la vida de un comerciante y lo ayudan a realizar sus actividades comerciales de manera mucho más rápida y conveniente. Consejos gráficos e informaci
Otros productos de este autor
Timed Exit EA
Rimantas Petrauskas
5 (2)
Asesores Expertos
The most simple and easy to use Timed Exit EA to close all trades automatically at specific time each day (hours:minutes:seconds) (by Rimantas Petrauskas) The main idea of this EA is to automatically close trades daily at your specified time. For example if you set EA to close all trades at 15:29:30, EA will do this each day when markets are open. This way you can set the EA to close all trades before the news. EA should be attached to a separate chart of any time frame on your MT4 and it will s
Filtro:
bikletona
44
bikletona 2020.03.02 12:44 
 

NO FUNCIONA YA

Cameron DAndrea
244
Cameron DAndrea 2018.01.26 15:34 
 

Once u get it figured out it work great

14048788
137
14048788 2018.01.14 01:22 
 

I bought it But it's not working.

Victor Angel Revilla Marquez
2373
Victor Angel Revilla Marquez 2017.10.23 05:30 
 

dosent work, what disgusting thing

Lee Bryant
2678
Lee Bryant 2016.09.20 16:51 
 

El usuario no ha dejado ningún comentario para su valoración

bkarri
87
bkarri 2016.08.10 05:55 
 

Break even functionality is not working in this EA.

Example:: If break even is expected to happen on a trade after x number of partial closes, EA is modifying trade to break even right at first partial close. EA is not considering value specified. NO RESPONSE FROM AUTHOR YET. Waiting to hear back from Rimantas/ seller /author. Will update this review after response from them.

darktideac2
247
darktideac2 2016.04.06 19:26 
 

Great program! Other scale out EA's I have tried worked only on attached chart and you had to set timeframe manually and cost 10x as much as this one.

junghunna7
14
junghunna7 2015.04.23 11:45 
 

El usuario no ha dejado ningún comentario para su valoración

mikal
15
mikal 2015.04.02 15:50 
 

El usuario no ha dejado ningún comentario para su valoración

mrsparky
48
mrsparky 2015.03.31 14:13 
 

El usuario no ha dejado ningún comentario para su valoración

tradderx
334
tradderx 2015.03.31 08:23 
 

El usuario no ha dejado ningún comentario para su valoración

agustrader01
14
agustrader01 2015.03.27 03:55 
 

El usuario no ha dejado ningún comentario para su valoración

chadhansen1
14
chadhansen1 2015.03.23 07:06 
 

El usuario no ha dejado ningún comentario para su valoración

Rabbitpips
299
Rabbitpips 2015.03.19 02:03 
 

El usuario no ha dejado ningún comentario para su valoración

Artep05
1705
Artep05 2015.03.17 21:38 
 

El usuario no ha dejado ningún comentario para su valoración

ptrader
18
ptrader 2015.03.16 13:07 
 

El usuario no ha dejado ningún comentario para su valoración

stevenvasen
17
stevenvasen 2015.03.16 09:51 
 

El usuario no ha dejado ningún comentario para su valoración

Cesta
24
Cesta 2015.03.10 22:23 
 

El usuario no ha dejado ningún comentario para su valoración

Povilas Zukauskas
18
Povilas Zukauskas 2015.03.04 09:04 
 

El usuario no ha dejado ningún comentario para su valoración

Mujeeb Abdul
2228
Mujeeb Abdul 2015.02.28 17:40 
 

El usuario no ha dejado ningún comentario para su valoración

Respuesta al comentario
Versión 1.4 2021.03.08
Added compatibility with the latest MetaTrader 4 Build.
Versión 1.3 2016.09.28
Fixed "ManageTradeWithComment" parameter.
Versión 1.2 2016.09.20
Fixed break-even error. Now PartialCloseBreakEvenAfter parameter works correctly.

Added new feature (parameter): ManageTradeWithComment

ManageTradeWithComment - this tells the EA to apply partial close only to those trades that have specified text in "trade comment". If you set this parameter to "777", it will manage trades that have "trade comment" like "1777" or "777" or "777565, but not "7737" or trades with no "trade comment" at all.
Versión 1.1 2015.12.23
Fixed problems detecting price Digits when using CustomPipSizes option.