Close All Trades MT4 is an Expert Advisor (EA) designed to close all open trades on a specific currency pair with the same magic number. You can set profit targets in terms of either monetary value or percentage of balance, allowing for easy management of multiple trades as a single “basket.”
Advantages of Close All Trades MT4
The Close All Trades MT4 is an exceptional tool for forex traders who want to streamline their trading operations. Here are some of the key advantages of using this expert advisor:
1. Efficient Management of Multiple Trades
This EA allows traders to close all open trades with the same magic number on the same trading pair at a predefined profit level. This feature simplifies the process of managing multiple trades, enabling traders to effectively take profits in one go.
2. Customizable Profit Levels
With options to set profit targets either in monetary value or as a percentage of the account balance, traders have flexibility in defining their take profit strategies according to their risk management preferences.
3. Time-Saving Solution
Instead of manually closing each trade, which can be time-consuming and prone to error, this EA automates the process, saving valuable time and reducing the stress involved in trade management.
4. Ideal for Scalping and Day Trading
For those who engage in scalping or day trading, rapidly closing multiple trades at optimal profit levels is crucial. The Close All Trades EA is perfect for such trading styles, allowing quick exit strategies to maximize profitability.
5. User-Friendly Settings
The straightforward settings allow traders of all experience levels to easily configure the EA to meet their trading strategies. Users can seamlessly set monetary profit targets, percentage thresholds, and magic numbers without the need for extensive technical knowledge.
6. Compatibility with Different Account Types
Designed to work seamlessly with RAW/ECN accounts that offer spreads as low as 0.1 pips, this EA ensures that traders can still capitalize on tight spreads while managing their trades effectively.
7. Peace of Mind
By employing this EA, traders can enjoy peace of mind knowing that their open trades can be closed automatically based on the criteria they set, allowing them to focus on other aspects of their trading strategy.
Don’t miss out on the introductory offer! The price will increase soon, so take advantage of this opportunity to enhance your trading efficiency with Close All Trades MT4.
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