MetaTrader5
Maximize Your Trading Efficiency with the Exp_GStopLoss_Tm EA for MetaTrader 5
Introducing the Exp_GStopLoss_Tm EA
If you're a trader looking to manage your risk effectively, the Exp_GStopLoss_Tm Expert Advisor (EA) for MetaTrader 5 could be a game-changer for you. This EA is designed to automatically close all open positions when total losses exceed a predefined Stop Loss level or when you need to wrap up trading beyond a specified time window.
How Does It Work?
The Exp_GStopLoss_Tm functions as a global stop loss mechanism, acting on all your open positions at once. When the EA takes action, it logs the details in a file, providing you with insights into your trading decisions.
Key Features
Loss Calculation Options: Choose how you want to measure losses, either in percentage or in your account's currency units.
Time-Based Trading: You can set specific time intervals for when trading is allowed, ensuring you're only active during your preferred hours.
Input Parameters
//+----------------------------------------------+
//| Options to calculate the losses |
//+----------------------------------------------+
enum LossMode
{
ENUM_PERCENT, //losses in percents
ENUM_CURRENCY //losses in deposit currency units
};
//+----------------------------------------------+
//| Input parameters of the EA indicator |
//+----------------------------------------------+
input LossMode LMode=ENUM_PERCENT; //method of detecting losses
input double StopLoss=20.0; //stop loss level
With the above parameters, you can easily set your desired loss detection method and Stop Loss level. But that's not all!
Time Control Features
This EA also allows you to restrict trading to specific hours:
input bool TimeTrade=true; //Permission to trade by time intervals
input HOURS StartH=ENUM_HOUR_0; //Trading start (Hours)
input MINUTES StartM=ENUM_MINUT_0; //Trading start (Minutes)
input HOURS EndH=ENUM_HOUR_23; //Trading end (Hours)
input MINUTES EndM=ENUM_MINUT_59; //Trading end (Minutes)
You'll find that you can set both start and end times for trading, allowing for tailored trading sessions. By default, this EA is set to trade from 00:00 to 23:59, but you can adjust as needed.
If your start time falls after the end time, don't worry! The EA will automatically close positions the following day based on your specified schedule.
Conclusion
With the Exp_GStopLoss_Tm EA, you can take control of your trading strategy and manage your risk like a pro. This tool is perfect for traders looking to streamline their operations and safeguard their investments.
2018.07.14
