Close all orders once retracement reaches a certain percentage - MetaTrader 4 Expert - MT4/MT5 Resources
This code has functionality to close all open orders after withdrawals reach a certain percentage of the account balance.
You only need to enter the magic number for the order (enter 0 to control all orders), and the maximum drawdown percentage that allows the code logic to close the order after reaching this ratio.
Just call the function DD_OFF using this code.
Attached are the header files of this code and the EA built based on this code.
Attachment download
📎 dd_close_all_-_header_file.mqh (3.56 KB)
📎 dd_close_all_-_ea.mq4 (5.06 KB)
Source: MQL5 #14582
Close all orders once drawdown reaches a certain percentage - MetaTrader 4 expert usage and filtering advice
Close all orders once retracement reaches a certain percentage - MetaTrader 4 Expert belongs to MT4 EA related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based on titles or short-term profit descriptions.
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