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Expert Advisor for Opening Multiple Buy and Sell Orders Based on User Input - expert pour MetaTrader 5
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- Publié:
- 2023.04.26 15:42
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This Expert Advisor (EA) for MetaTrader 5 (MT5) opens multiple buy and sell orders based on user input. The EA has input variables for the number of buy and sell orders, risk percentage per trade, stop loss, take profit, and slippage. It also includes a simple user interface with Buy and Sell buttons that trigger the opening of multiple buy and sell orders.
The EA calculates the appropriate lot size based on the specified risk percentage and stop loss. It also checks the spread against the configured slippage before placing orders. The EA then opens buy orders if the average price is above the current ask price and sell orders if the average price is below the current bid price.
When a user clicks the Buy or Sell button, the EA will open the specified number of buy or sell orders with the calculated lot size, stop loss, and take profit.
Please note that this EA is a simple example and may not be suitable for live trading without additional modifications and optimizations. It's essential to test any trading algorithm in a safe environment, such as a demo account, before using it with real funds.
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This code initializes the necessary objects and input parameters, and defines a CheckTrades() function that calculates the risk and profit amounts based on the account balance and user input. It then iterates through open orders and checks if the current profit or loss meets the user-defined thresholds, and closes the position if necessary
Dynamic Trailing Stop Loss and Profit Target Management
This code snippet implements a dynamic risk management strategy for existing trades. It focuses on closing trades based on profit or loss thresholds and employs a trailing stop loss to lock in profits as the trade moves favorably. The strategy helps manage risk and enhance profitability in a streamlined manner.
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This is a very easy-to-use indicator that displays the changes in Equity and balance of the trading account as it dynamically moves. Particularly useful on the back tester and good for beginners to read this very easy MQL5 code.