Creating one stop loss for all active order

Sharkie78 2009.12.15 16:16

I would like to create a stop loss facility that once hit it will flat all the open position for a specific instrument, the distance should be in Pips. To make thing clearer, I am using a scale in approach,yet I want to get out of the entire position if any of the open trades pass the stop loss limit . I was unable to find a function that will flatten everything.

Brian Dee - Random Trader 2009.12.15 16:43 #1

Borrow the AllProfit function from here https://www.mql5.com/en/code/9156

And when the Profit is negative to the amount of your stop loss, use the CloseAll functions in this https://www.mql5.com/en/code/8714

NB - you will have to convert currency to pips for each symbol

Good Luck

-BB-

opening only one order Can I trade GBPAUD please help, Total balance

Sharkie78 2009.12.21 12:36 #2

BarrowBoy:

Borrow the AllProfit function from here https://www.mql5.com/en/code/9156

And when the Profit is negative to the amount of your stop loss, use the CloseAll functions in this https://www.mql5.com/en/code/8714

NB - you will have to convert currency to pips for each symbol

Good Luck

-BB-

Thanks this is very helpful .One question though. You use the OrderMagicNumber function and compare it with the iMagic variable you created. I don't understand why you conduct this test.

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