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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.

Recensioni 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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5 (2)
Utilità
Questo programma ti permetterà di esportare tutte le tue operazioni dal tuo account MetaTrader direttamente in Notion utilizzando un'interfaccia utente molto amichevole.  Versione MT5  |  Guida per l'utente + Demo Per iniziare, utilizza la Guida per l'utente e scarica il Modello di Notion. Se desideri una demo, consulta la Guida per l'utente. Non funziona nel tester di strategia! Principali Caratteristiche Esporta tutte le operazioni dal tuo conto di trading nel tuo Notion Esporta le operazioni
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5 (3)
Utilità
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Utilità
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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
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5 (26)
Utilità
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
Indicators Data Extractor
Mounir Cheikh
5 (2)
Utilità
This tool will allow you to export MetaTrader indicators data (Buffers) for any financial instrument present in your MetaTrader 4. You can download multiple Symbols and Timeframes in the same csv file. Also, you can schedule the frequency of download (every minute, 5 minutes, 60 minutes, etc.). No need to open a lot of charts in order to get the last data, the tool will download the data directly. The CSV File will be stored in the folder:   \MQL4\Files . How it works Report Tab : Select
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Anna Kolchina
5 (1)
Utilità
« Trade Sync » — Really fast copying and precise synchronization of trades. Simple installation and configuration of the application within 5 seconds allows you to copy trades between different MetaTrader terminals installed on one Windows PC or Windows VPS at maximum speed. «Trade Sync» contains a large number of options for customizing the application to your specific needs and allows you to cope with even complex user tasks. Separate use: Trade Sync MT4 - allows you to copy (Мt4 > Мt4), Trade
CloseIfProfitorLoss with Trailing
Vladislav Andruschenko
4.86 (28)
Utilità
Chiusura delle posizioni in MetaTrader 4 al raggiungimento del profitto/perdita totale con la funzione di trailing del profitto. Puoi abilitare le fermate virtuali (ordine separato) . Calcolo e chiusura per le posizioni ACQUISTA e VENDI separatamente (Separate BUY SELL) . Chiusura e calcolo di tutti i simboli o solo del simbolo corrente (Tutti i simboli) . Abilita il trailing per il profitto ( Trailing Profit ). Chiudi su profitti e perdite totali su valuta di deposito, punti, o percentuale del
Altri dall’autore
Timed Exit EA
Rimantas Petrauskas
5 (2)
Experts
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
2363
Victor Angel Revilla Marquez 2017.10.23 05:30 
 

dosent work, what disgusting thing

Lee Bryant
2678
Lee Bryant 2016.09.20 16:51 
 

L'utente non ha lasciato alcun commento sulla valutazione.

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 
 

L'utente non ha lasciato alcun commento sulla valutazione.

mikal
15
mikal 2015.04.02 15:50 
 

L'utente non ha lasciato alcun commento sulla valutazione.

mrsparky
48
mrsparky 2015.03.31 14:13 
 

L'utente non ha lasciato alcun commento sulla valutazione.

tradderx
334
tradderx 2015.03.31 08:23 
 

L'utente non ha lasciato alcun commento sulla valutazione.

agustrader01
14
agustrader01 2015.03.27 03:55 
 

L'utente non ha lasciato alcun commento sulla valutazione.

chadhansen1
14
chadhansen1 2015.03.23 07:06 
 

L'utente non ha lasciato alcun commento sulla valutazione.

Rabbitpips
299
Rabbitpips 2015.03.19 02:03 
 

L'utente non ha lasciato alcun commento sulla valutazione.

Artep05
1705
Artep05 2015.03.17 21:38 
 

L'utente non ha lasciato alcun commento sulla valutazione.

ptrader
18
ptrader 2015.03.16 13:07 
 

L'utente non ha lasciato alcun commento sulla valutazione.

stevenvasen
17
stevenvasen 2015.03.16 09:51 
 

L'utente non ha lasciato alcun commento sulla valutazione.

Cesta
24
Cesta 2015.03.10 22:23 
 

L'utente non ha lasciato alcun commento sulla valutazione.

Povilas Zukauskas
18
Povilas Zukauskas 2015.03.04 09:04 
 

L'utente non ha lasciato alcun commento sulla valutazione.

Mujeeb Abdul
2228
Mujeeb Abdul 2015.02.28 17:40 
 

L'utente non ha lasciato alcun commento sulla valutazione.

Rispondi alla recensione
Versione 1.4 2021.03.08
Added compatibility with the latest MetaTrader 4 Build.
Versione 1.3 2016.09.28
Fixed "ManageTradeWithComment" parameter.
Versione 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.
Versione 1.1 2015.12.23
Fixed problems detecting price Digits when using CustomPipSizes option.