Intelligent Take Profit considering Swap costs, not just pips!
newbiefx:
The profit, should be defined as money, let's say your account is in USD, then the
EA, could be set to close with profit trades that have profit >= $50, taking into
consideration the Swap, so, if a trade has let's say Swap $-10, the profit should be
$60, so the current profit + swap, would be matching the predefined smart take profit.
The profit, should be defined as money, let's say your account is in USD, then the
EA, could be set to close with profit trades that have profit >= $50, taking into
consideration the Swap, so, if a trade has let's say Swap $-10, the profit should be
$60, so the current profit + swap, would be matching the predefined smart take profit.
#define Slippage.Pips 3 #define Close.USD 50 //++++ These are adjusted for 5 digit brokers. double pips2points, // slippage 3 pips 3=points 30=points pips2dbl; // Stoploss 15 pips 0.0015 0.00150 int Digits.pips; // DoubleToStr(dbl/pips2dbl, Digits.pips) int init(){ if (Digits == 5 || Digits == 3){ // Adjust for five (5) digit brokers. pips2dbl = Point*10; pips2points = 10; Digits.pips = 1; } else { pips2dbl = Point; pips2points = 1; Digits.pips = 0; } // OrderSend(... Slippage.Pips * pips2points, Bid - StopLossPips * pips2dbl } ini start(){ for(int pos = OrdersTotal()-1; pos >= 0 ; pos--) if ( OrderSelect(pos, SELECT_BY_POS) // Only my orders w/ // && OrderMagicNumber() == magic.number.last // my magic number && OrderType() <= OP_SELL && OrderSymbol() == Symbol() ){ // and symbol if ( OrderProfit()+OrderSwap()+OrderCommission() >= Close.USD) OrderClose( OrderTicket(), OrderLots(), OrderClosePrice(), Slippage.Pips*pips2points); } }
WHRoeder:
I have tried to use the code, but does not seem to work properly...
Do I do something wrong ? Is it ready to work, or need modifications on my end ?
PS: My balance is in EUR for broker, so I have changed this:
#define Close.EUR 50
not sure if that's the error ?
What you call your variables is irreverent as long as you change them all to match.
I have tried to use the code, but does not seem to work properly...
You say nothing. Figure it out. Think. Print statements. No slaves here.
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Hello,
do you know any EA that is capable of managing lot of trades/orders at same time,
and close with profit the trades that have a predefined profit accumulated in deposit
currency ?
The profit, should be defined as money, let's say your account is in USD, then the
EA, could be set to close with profit trades that have profit >= $50, taking into
consideration the Swap, so, if a trade has let's say Swap $-10, the profit should be
$60, so the current profit + swap, would be matching the predefined smart take profit.
Let me know if anyone has seen similar tool around, or else, how this can be developed ?
PS: Please notice the EA to be able manage multiple trades, by looping all market orders
in the account it executes, independant of currency pair, magic number etc...