This tool is designed to automate the management of your trading positions by identifying and closing specific types of losing trades automatically. It acts as a "safety net" for your account, helping to manage risk by clearing out underperforming positions based on pre-defined criteria.
How the Logic Works
The script follows a structured sequence to evaluate your open trades and perform actions:
1. Initial Scan and Identification When executed, the tool scans all of your currently open trading positions. It checks these positions against two primary filters:
- Profitability: It specifically looks for orders that are currently in a negative state (meaning they are currently at a loss).
- Trade Type: It focuses on "Sell" orders.
2. Scope Selection You have the flexibility to choose how broadly the script should operate:
- Global Mode: If enabled, the script will scan every single open position across all different currency pairs or assets in your account.
- Specific Symbol Mode: If you prefer more control, the script can be restricted to only act on the specific chart/asset you are currently viewing.
3. Market Validation and Execution Before closing a trade, the script performs a real-time check of the current market conditions. It verifies that:
- Valid price data is available from the broker.
- The current "Bid" and "Ask" prices are active.
- It calculates the necessary "slippage" (the difference between expected and actual execution price) to ensure the order can be closed smoothly without errors.
4. Automatic Closure Once a trade meets all the criteria—it is a "Sell" order, it is currently losing money, and the market data is confirmed—the script automatically sends a command to close that position immediately. If the closing action fails for any reason, the tool is designed to record and display a specific error message so you can troubleshoot the issue.
5. Visual Confirmation Upon running, the tool places a small text label on your chart as a signature/reference, confirming that the script has been initialized and is active on your workspace.
#property show_inputs
#property copyright "expforex"
#property link "http://expforex.at.ua"
//+------------------------------------------------------------------+
//| EX4 imports |
//+------------------------------------------------------------------+
#include <stdlib.mqh>
//+------------------------------------------------------------------+
//| global variables to program: |
//+------------------------------------------------------------------+
double Price[2];
int giSlippage;
bool CloseOrdersWithPlusProfit = true;extern bool AllSymbols=true;
//+------------------------------------------------------------------+
//| script program start function |
//+------------------------------------------------------------------+
void init()
{
Stamp();
start();
}
void start() {
int iOrders=OrdersTotal()-1, i;
if (AllSymbols==true){
if(CloseOrdersWithPlusProfit) {
for(i=iOrders; i>=0; i--) {
if(OrderSelect(i,SELECT_BY_POS,MODE_TRADES) && (OrderProfit() < 0)) {
if((OrderType()==OP_SELL) && GetMarketInfo()) {
if(!OrderClose(OrderTicket(),OrderLots(),Price[1-OrderType()],giSlippage)) Print(OrderError());
}
}
}
}}
if (AllSymbols==false){
if(CloseOrdersWithPlusProfit) {
for(i=iOrders; i>=0; i--) {
if(OrderSelect(i,SELECT_BY_POS,MODE_TRADES) && (OrderProfit() < 0)) {
if( OrderSymbol()!=Symbol())continue;
if((OrderType()==OP_SELL) && GetMarketInfo()&& OrderSymbol()==Symbol()) {
if(!OrderClose(OrderTicket(),OrderLots(),Price[1-OrderType()],giSlippage)) Print(OrderError());
}
}
}
}}
}
//+------------------------------------------------------------------+
//| Function..: OrderError |
//+------------------------------------------------------------------+
string OrderError() {
int iError=GetLastError();
return(StringConcatenate("Order:",OrderTicket()," GetLastError()=",iError," ",ErrorDescription(iError)));
}
//+------------------------------------------------------------------+
//| Function..: GetMarketInfo |
//+------------------------------------------------------------------+
bool GetMarketInfo() {
RefreshRates();
Price[0]=MarketInfo(OrderSymbol(),MODE_ASK);
Price[1]=MarketInfo(OrderSymbol(),MODE_BID);
double dPoint=MarketInfo(OrderSymbol(),MODE_POINT);
if(dPoint==0) return(false);
giSlippage=(Price[0]-Price[1])/dPoint;
return(Price[0]>0.0 && Price[1]>0.0);
}
//+------------------------------------------------------------------+
void Stamp(){
ObjectCreate("Original", OBJ_LABEL, 0, 0, 0);
ObjectSetText("Original", " ---http://Expforex.at.ua---", 10, "Arial Bold", Red);
ObjectSet("Original", OBJPROP_CORNER, 2);
ObjectSet("Original", OBJPROP_XDISTANCE, 200);
ObjectSet("Original", OBJPROP_YDISTANCE, 10);
}
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