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Open a position for EA MT4

5
Hello everyone,
this is another utility that I wrote specifically for users using my profile with a large number of experts and sets (https://www.mql5.com/en/blogs/post/750723) .
This utility is useful for working with a profile using grid strategies (averaging and martingale). As we know, such strategies periodically fall into a large drawdown and you need to be careful when opening averaging positions (do not open too many). In my profile, I use a limit of 3 positions for each EA, if this was not enough to exit the drawdown, then the positions are against a strong trend and you need to choose a key level (the most likely for a rebound or trend reversal) to open the next position.
Consider the situation, some EA has opened 3 positions against the trend, then you do not want EA to continue averaging on its own, but you want to choose the price value at which to open the next position. To do this, you need: 
  1. Attach the utility "Open a position for EA" to the chart of the symbol for which the drawdown.
  2. In the "Magic_positions" parameter, register the magic number of EA whose positions are in drawdown. This is necessary so that EA takes into account the open position of the "Open a position for EA" utility, this will allow EA to control all open positions and close them at the appropriate moment.
  3. Specify the desired trading lot size for the new position in the "Lots" parameter.
  4. Set the desired price to open the next position in the "Price_for_pending_order" parameter field. The type of orders will suit "ORDERS_LIMIT" (selected in the "Type_Orders" parameter), but in some situation "ORDERS_STOP" may be useful to you, or you can just instantly open a position at the current price (without taking into account the "Price_for_pending_order" parameter) - MARKET_BUY or MARKET_SELL. 
That's all,  I'll describe a few more additional parameters that may come in handy.
  • "Comment_position" - comment for a new position/order, can be any (does not affect anything).
  • "Allow_only_in_direction_open_positions" - if "true", it will allow you to open a position/order only in the direction of open positions (i.e. BUY or SELL). It's like insurance, so as not to accidentally open a trade in another direction.
  • "Delete_order_if_position_opened" - if "true", the pending order will be deleted if a position with the specified magic number somehow opens (for example, EA will open a position according to its logic, or another pending order with this magic number  will be trigger).
  • "Remove_utility_after_execution" - if "true", the utility will be removed from the chart after performing its function.   


Recensioni 1
Andreas Andrianto
797
Andreas Andrianto 2023.12.28 10:42 
 

This is a great tool that I am looking for, and it's free!

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KT Equity Protector EA consistently monitors the account equity and closes all the market and pending orders once the account equity reached a fixed equity stop loss or profit target.  After closing all trading positions, the EA can close all open charts to stop other expert advisors from opening more trading positions. Equity Stop-Loss If your current account balance is $5000 and you set an equity stop loss at $500. In this case, the KT Equity Protector will close all the active and pending
-25% discount ($199 -> $149) Advanced trading tool: One click smart orders that execute under your conditions Developed by trader for trading community:  position size calculator (lot size), open position after price action, strategy builder, set and forget trading, mobile notifications... Risk Management -  Risk percentage position size calculator, gain percentage, target risk reward ratio, spread and commissions are included in calculations 7 Advanced order types   - Set and forget trading
TakePropips TradePad Pro
Eric John Pajarillaga Aldana
5 (4)
TakePropips TradePad Pro include un potente gestore commerciale, un misuratore di forza valutaria, strumenti di rendicontazione dei conti, strumenti di gestione del rischio e molto altro! È uno dei più avanzati gestori e assistenti commerciali del forex che tu abbia mai incontrato! È la soluzione perfetta per i trader che desiderano un modo più efficiente di gestire le transazioni commerciali. Puoi scaricare il manuale utente sul nostro post sul blog:   https://www.mql5.com/en/blogs/post/751180
The Best One Scalping Trade Panel functional manual trade panel with risk reward, auto SL by candle ( original solution), lot size calculation, one-click trading, scale in and out of trades (partial close),  Works with all symbols not just currency pairs, perfect works on DAX, NASDAQ, GOLD, ...... I earn every day during live stream on ZakopiecFX - join Me Risk by lot Risk by percent SL by points SL by Candle, Renko, RangeBar ( original solution) TP by point TP by Risk/Reward Auto Trailing b
Click and Go Trade Manager
Victor Christiaanse
5 (11)
Click and Go Trade Manager, the ultimate solution for seamless trading execution. With a simple click on the chart, you can effortlessly define your stop loss, entry price, and target levels. No more hassle of inputting values manually - it's made incredibly intuitive and easy. Embedded risk management is a key feature of our Trade Manager. We understand the importance of protecting your investments, which is why the Click and Go Trade Manager incorporates risk management. When placing orders,
Riskless Pyramid
Snapdragon Systems Ltd
5 (1)
Introduction This powerful MT4 trade mangement EA offers a way potentially to aggressively multiply trade profits in a riskfree manner. Once a trade has been entered with a defined stoploss and take profit target then the EA will add three pyramid add-on trades in order to increase the overall level of profit. The user sets the total combined profit target to be gained if everything works out. This can be specified either as a multiple of the original trade profit or as a total dollar amount. Fo
Take a Break
Eric Emmrich
5 (27)
The most advanced news filter and drawdown limiter on MQL market NEW: Take a Break can be backtested against your account history! Check the " What's new " tab for details. Take a Break has evolved from a once simple news filter to a full-fledged account protection tool. It pauses any other EA during potentially unfavorable market conditions and will continue trading when the noise is over. Typical use cases: Stop trading during news/high volatility (+ close my trades before). Stop trading when
Trade Assistant Pro 36 in 1
Makarii Gubaydullin
4.95 (20)
Questo è uno strumento multifunzionale: ha più da 65 funzioni, tra cui possiamo citare alcuni come: calcolatrice della dimensione del Lot, azione sui prezzi, rapporto R/R, gestore commerciale, zone di domanda e offerta Versione demo   |   Manuale d'uso   |   MT5 L'utilità non funziona nel tester di strategia: puoi scaricare la versione demo QUI per testare il prodotto. Se hai qualsiasi domanda / idea di miglioramento o anche nel caso di trovare un bug, ti prego di contattarmi appena possibile,
Altri dall’autore
Breakthrough Strategy MT5
Konstantin Kulikov
3.91 (11)
Questo sistema è stato sviluppato per funzionare con un gran numero di set e dopo un certo tempo si è mostrato bene lavorando alla chiusura delle contrattazioni del venerdì. Di conseguenza, questa direzione del trading è diventata la principale per lavorare con questo Expert Advisor. Ci sono 25 set correnti per diverse coppie di valute, oltre a un profilo per una rapida installazione. Puoi analizzare le statistiche dell'Expert Advisor per diverse coppie di valute usando il mio segnale.   Valuta
FrankoScalp MT5
Konstantin Kulikov
4.28 (29)
Congratulazioni! Hai raggiunto la pagina dell’Expert Advisor più longevo del mercato Forex! Già da più di 5 anni questo Expert Advisor è sulla bocca di tutti e in vari top. Su qualsiasi forum Forex si può trovare discussioni sull’EA "FrankoScalp", ma solo su mql5 si può acquistare la versione originale aggiornata dell’EA, così come entrare in contatto con l’autore ed entrare in una comunità amichevole di utenti dell’EA "FrankoScalp". Dettagli dell’acquisto Quando compri EA, lo ottieni per sem
News Trade EA MT5
Konstantin Kulikov
4.55 (11)
Presento un utile robot che io stesso utilizzo da diversi anni. Questo robot può essere utilizzato sia in modalità semiautomatica che completamente automatica. Il programma contiene le impostazioni flessibili per fare trading sulle notizie del calendario economico. Non può essere verificato nel tester delle strategie. Soltanto il vero lavoro. Nelle impostazioni del terminale è necessario aggiungere il sito delle notizie all’elenco degli URL consentiti. Fare clic su Strumenti > Opzioni > Consu
Friday Monday MT5
Konstantin Kulikov
3.88 (8)
This EA trades a weekly gap, opening trades on the Friday before the market close and closing trades on Monday morning. This strategy do not contain grid and martingale elements. I have been using this strategy for a long time with my "Breakthrough Strategy" EA. I intentionally did not over-optimize the sets for "Breakthrough Strategy", as they have been showing good results for a long time on a real account: https://www.mql5.com/en/signals/395124 . Therefore, as an alternative or addition to t
Good Monday MT5
Konstantin Kulikov
2.75 (4)
The expert trades at the opening of the market after the weekend, focusing on the price gap (GAP). Already developed sets are in the comments. At the same time, various options are available in the expert settings, allowing you to create your own unique sets yourself.  Download settings (sets):   https://www.mql5.com/en/blogs/post/747929 Currency pairs for which the sets have been developed: GBPUSD, AUDUSD, NZDUSD, USDCAD, EURGBP, EURCHF, GBPCAD, GBPAUD, AUDCHF, AUDJPY, AUDNZD, CHFJPY, CADJPY,
Breakthrough Strategy
Konstantin Kulikov
4.36 (36)
Questo sistema è stato sviluppato per funzionare con un gran numero di set e dopo un certo tempo si è mostrato bene lavorando alla chiusura delle contrattazioni del venerdì. Di conseguenza, questa direzione del trading è diventata la principale per lavorare con questo Expert Advisor. Ci sono 25 set correnti per diverse coppie di valute, oltre a un profilo per una rapida installazione. Puoi analizzare le statistiche dell'Expert Advisor per diverse coppie di valute usando il mio segnale. Valuta l
News Trade EA MT4
Konstantin Kulikov
4.38 (16)
Presento un utile robot che io stesso utilizzo da diversi anni. Questo robot può essere utilizzato sia in modalità semiautomatica che completamente automatica. Il programma contiene le impostazioni flessibili per fare trading sulle notizie del calendario economico. Non può essere verificato nel tester delle strategie. Soltanto il vero lavoro. Nelle impostazioni del terminale è necessario aggiungere il sito delle notizie all’elenco degli URL consentiti. Fare clic su Strumenti > Opzioni > Consu
FrankoScalp
Konstantin Kulikov
3.81 (117)
Congratulazioni! Hai raggiunto la pagina dell’Expert Advisor più longevo del mercato Forex! Già da più di 5 anni questo Expert Advisor è sulla bocca di tutti e in vari top. Su qualsiasi forum Forex si può trovare discussioni sull’EA "FrankoScalp", ma solo su mql5 si può acquistare la versione originale aggiornata dell’EA, così come entrare in contatto con l’autore ed entrare in una comunità amichevole di utenti dell’EA "FrankoScalp". Dettagli dell’acquisto Quando compri EA, lo ottieni per sem
Friday Monday
Konstantin Kulikov
5 (3)
This EA trades a weekly gap, opening trades on the Friday before the market close and closing trades on Monday morning. This strategy do not contain grid and martingale elements. I have been using this strategy for a long time with my "Breakthrough Strategy" EA. I intentionally did not over-optimize the sets for "Breakthrough Strategy", as they have been showing good results for a long time on a real account: https://www.mql5.com/en/signals/395124   . Therefore, as an alternative or addition to
GridMartin Conqueror
Konstantin Kulikov
4.71 (14)
An automated trading system with smart entry/exit algorithms that uses grid and martingale techniques to maximize profits. The expert has monitoring with a long history for many months, since this system, like all my other experts, is focused on long-term growth: https://www.mql5.com/en/signals/author/test-standart The best sets for currency pairs: GBPUSD, GBPCAD, EURJPY (timeframe М1). Download settings (sets):   https://www.mql5.com/en/blogs/post/747929 Description of EA parameters in comment
GoldenScalp MT5
Konstantin Kulikov
4.2 (5)
Hello algo traders. This Expert Advisor can be considered the apogee of my activity in Forex. I managed to apply all my knowledge to the development of this trading system. The Expert Advisor trades on gold (XAUUSD), any timeframe (the same on any TF), the initial account balance is from $50. The following presets are available "GS default SL 001for100"   (same as default settings). Each position has several closing logics, including a hidden StopLoss, which is calculated individually for eac
GoldenScalp MT4
Konstantin Kulikov
4.25 (4)
Hello algo traders. This Expert Advisor can be considered the apogee of my activity in Forex. I managed to apply all my knowledge to the development of this trading system. The Expert Advisor trades on gold (XAUUSD), any timeframe (the same on any TF), the initial account balance is from $50. The following presets are available "GS default SL 001for100" (same as default settings). Each position has several closing logics, including a hidden StopLoss, which is calculated individually for each
GridMartin Conqueror MT5
Konstantin Kulikov
4 (6)
An automated trading system with smart entry/exit algorithms that uses grid and martingale techniques to maximize profits. The expert has monitoring with a long history for many months, since this system, like all my other experts, is focused on long-term growth: https://www.mql5.com/en/signals/author/test-standart The best sets for currency pairs: GBPUSD, GBPCAD, EURJPY (timeframe М1). Download settings (sets):   https://www.mql5.com/en/blogs/post/747929 Description of EA parameters in comment
Close by percentage MT5
Konstantin Kulikov
4.86 (7)
Hello friends. I wrote this utility specifically for use in my profile with a large number of Expert Advisors and sets ("Joint_profiles_from_grid_sets"   https://www.mql5.com/en/blogs/post/747929 ). Now, in order to limit losses on the account, there is no need to change the "Close_positions_at_percentage_of_loss" parameter on each chart. Just open   one   additional chart, attach this utility and set the desired percentage for closing all trades on the account. The utility has the following fu
FREE
Good Monday
Konstantin Kulikov
5 (8)
The expert trades at the opening of the market after the weekend, focusing on the price gap (GAP). Already developed sets are in the comments. At the same time, various options are available in the expert settings, allowing you to create your own unique sets yourself.  Download settings (sets):   https://www.mql5.com/en/blogs/post/747929 Currency pairs for which the sets have been developed: GBPUSD, AUDUSD, NZDUSD, USDCAD, EURGBP, EURCHF, GBPCAD, GBPAUD, AUDCHF, AUDJPY, AUDNZD, CHFJPY, CADJPY,
Virtual Trailing SL TP MT5
Konstantin Kulikov
5 (1)
The utility places virtual (hidden from your broker) trailing stop, breakeven, stop loss and take profit.‌ It is necessary to allow automated trading in the terminal settings. In testing mode, the utility opens Buy or Sell positions on the first ticks, which allows you to visually observe the given logic, changing the utility parameters. In real mode, the utility does not open positions. Parameters magic   - magic number. If less than 0, positions with any magic number are tracked. only_this_sym
Close by percentage MT4
Konstantin Kulikov
4.86 (7)
Hello friends. I wrote this utility specifically for use in my profile with a large number of Expert Advisors and sets ("Joint_profiles_from_grid_sets" https://www.mql5.com/en/blogs/post/747929 ). Now, in order to limit losses on the account, there is no need to change the "Close_positions_at_percentage_of_loss" parameter on each chart. Just open one additional chart, attach this utility and set the desired percentage for closing all trades on the account. The utility has the following function
FREE
Modify Order SL TP
Konstantin Kulikov
5 (2)
The utility places stop loss and take profit for opened orders. It is necessary to allow automated trading in the terminal settings. Parameters magic - magic number. If less than 0, orders with any magic number are processed. only_this_symbol - only chart symbol. If false , orders of any symbols are processed. Take_Profit - take profit (TP). If the value is less than 0, then TP does not change. If the value equal to 0, TP is nullified (removed); Stop_Loss - stop loss (SL). If the value is less t
FREE
Hello everyone, this is another utility that I wrote specifically for users using my profile with a large number of experts and sets ( https://www.mql5.com/en/blogs/post/750723 ) . This utility is useful for working with a profile using grid strategies (averaging and martingale). As we know, such strategies periodically fall into a large drawdown and you need to be careful when opening averaging positions (do not open too many). In my profile, I use a limit of 3 positions for each EA, if this w
FREE
The utility places trailing stop, breakeven, stop loss and take profit.‌ It is necessary to allow automated trading in the terminal settings. In testing mode, the utility opens Buy or Sell positions on the first ticks, which allows you to visually observe the given logic, changing the utility parameters. In real mode, the utility does not open positions. Parameters magic   - magic number. If less than 0, positions with any magic number are tracked. only_this_symbol   - only chart symbol. If fals
Virtual Trailing SL TP
Konstantin Kulikov
5 (3)
The utility places virtual (hidden from your broker) trailing stop, breakeven, stop loss and take profit.‌ It is necessary to allow automated trading in the terminal settings. In testing mode, the utility opens Buy or Sell positions on the first ticks, which allows you to visually observe the given logic, changing the utility parameters. In real mode, the utility does not open positions. Parameters magic   - magic number. If less than 0, positions with any magic number are tracked. only_this_sy
Trailing by SAR MT5
Konstantin Kulikov
Tracking positions using trailing on the Parabolic SAR indicator. It is necessary to allow automated trading in the terminal settings. In testing mode, the utility opens Buy or Sell positions on the first ticks, which allows you to visually observe the given logic, changing the utility parameters. In real mode, the utility does not open positions. Parameters magic  - magic number. If less than 0, positions with any magic number are tracked. only_this_symbol  - only chart symbol. If  false , posi
FREE
Trailing by SAR
Konstantin Kulikov
5 (1)
Tracking positions using trailing on the Parabolic SAR indicator. It is necessary to allow automated trading in the terminal settings. In testing mode, the utility opens Buy or Sell positions on the first ticks, which allows you to visually observe the given logic, changing the utility parameters. In real mode, the utility does not open positions. Parameters magic  - magic number. If less than 0, positions with any magic number are tracked. only_this_symbol  - only chart symbol. If  false , posi
FREE
Spread Record
Konstantin Kulikov
3.75 (4)
This utility allows to record the spread value to the file, which is equal to or greater than the value specified in the settings, at the specified time. The utility also displays useful information on the symbol's chart: current spread value in points, name of account holder, name of trading server, leverage, the size of the swap for buy orders, the size of the swap for sell orders, day of the week for accruing triple swap, the size of a point in the quote currency, the minimum allowed level of
FREE
Trailing and SL TP
Konstantin Kulikov
5 (2)
The utility places trailing stop, breakeven, stop loss and take profit.‌ It is necessary to allow automated trading in the terminal settings. In testing mode, the utility opens Buy or Sell positions on the first ticks, which allows you to visually observe the given logic, changing the utility parameters. In real mode, the utility does not open positions. Parameters magic  - magic number. If less than 0, positions with any magic number are tracked. only_this_symbol  - only chart symbol. If  false
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Andreas Andrianto
797
Andreas Andrianto 2023.12.28 10:42 
 

This is a great tool that I am looking for, and it's free!

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