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CloseOrDeleteAll Forex EA - Efficient Expert Advisor for MT4
Discover the power of CloseOrDeleteAll.mq4, a reliable Forex Robot designed for MetaTrader 4. This EA excels in managing trades by efficiently closing or deleting all open positions. Tested on LQDFX and FXOpen, it seamlessly integrates with any broker. Elevate your trading experience with this versatile Expert Advisor, a game-changer in the world of Forex trading. Download now for enhanced trading precision.
CloseOrDeleteAll.mq4 932 b, 27 downloads since 2015-04-29
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Get this EA + recommended setting!
Recommended Setting:
To make the most out of this Forex robot, consider using the following settings:
Take Profit (TP): 5 pips
Stop Loss (SL): 50 pips
Timeframe: 1-hour (H1)
Now, let's break down the strategy behind this EA without getting too deep into the code:
Strategy Insights:
The primary objective of this Forex robot is to clean up all orders, irrespective of the trading symbol or magic number associated with them. It aims to ensure a fresh start in your trading activities. But what's the reasoning behind this?
The EA employs a simple yet effective approach:
Close All Orders: The EA initiates by immediately closing all orders that are currently open. It doesn't discriminate based on whether they are buy or sell orders; it simply takes action.
Deletion of Pending Orders: In addition to closing active trades, it also takes care of any pending orders, whether they are buy stops, sell stops, buy limits, or sell limits. The purpose here is to ensure a clean slate for new trading opportunities.
Opinion and Recommendations:
The beauty of this EA is its simplicity. It can be a handy tool in specific scenarios, such as when you want to reset your trading strategy without manually closing each trade or deleting pending orders.
However, it's crucial to exercise caution and avoid running this EA haphazardly. Before using it, consider the following:
Use Case: This EA is most beneficial when you want to reset your trading activities or quickly exit all positions. It's not designed for generating new trading signals.
Risk Management: Always ensure that you have adequate risk management in place. The stop loss (SL) and take profit (TP) settings should align with your overall risk tolerance.
Timeframe: While the recommended setting is H1, remember that different timeframes may yield varying results. Test it thoroughly on a demo account to ensure it aligns with your trading objectives.
Customization: You can explore different settings and adjustments to tailor the EA to your specific needs.
In conclusion, this Forex robot serves as a helpful tool to clean up your trading slate swiftly.
CloseOrDeleteAll.mq4 932 b, 1 downloads since 2023-11-09
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