Thread: Close Specific Trade Positions

Originally Posted by jimhook_uk1

Hi,
How would you close all the open positions in a specific pair when the sum profit had reached a certain level?

Without closing all other open positions

Example

Profit Target = 50

Sum all EURUSD positions
If sum of EURUSD positions >= Profit Target
Close all EURUSD positions

Thanks in Advance

Hi jimhook_uk,

Parameters

Code:

extern double ProfitTarget=50;
extern string SpecificPairs="EURUSD";

Start

Code:

if(AccountEquity()>=(AccountBalance()+ProfitTarget))
{
    CloseBuyOrders(Magic);
    CloseSellOrders(Magic);
    return(0);
}

Functions

Code:

//|---------close buy orders

int CloseBuyOrders(int Magic)
{
  int result,total=OrdersTotal();

  for (int cnt=total-1;cnt>=0;cnt--)
  {
    OrderSelect(cnt,SELECT_BY_POS,MODE_TRADES);
    if(OrderMagicNumber()==Magic&&OrderSymbol()==SpecificPairs)
    {
      if(OrderType()==OP_BUY)
      {
        OrderClose(OrderTicket(),OrderLots(),Bid,3);
        switch(OrderType())
        {
          case OP_BUYLIMIT:
          case OP_BUYSTOP:
          result=OrderDelete(OrderTicket());
        }
      }
    }
  }
  return(0);
}

//|---------close sell orders

int CloseSellOrders(int Magic)
{
  int result,total=OrdersTotal();

  for(int cnt=total-1;cnt>=0;cnt--)
  {
    OrderSelect(cnt,SELECT_BY_POS,MODE_TRADES);
    if(OrderMagicNumber()==Magic&&OrderSymbol()==SpecificPairs)
    {
      if(OrderType()==OP_SELL)
      {
        OrderClose(OrderTicket(),OrderLots(),Ask,3);
        switch(OrderType())
        {
          case OP_SELLLIMIT:
          case OP_SELLSTOP:
          result=OrderDelete(OrderTicket());
        }
      }
    }
  }
  return(0);
}

Jim,

I thought this was what you wanted. The logic is quite simple.

Firstly you need to define 2 doubles. One double we'll call TotalOpenProfit. It will sit before the OrderSelect() function and will = 0 so that it will reset as the code returns.

The second double will be called OpenProfit and will sit within the OrderSelect() function before any conditons.

OpenProfit = OrderProfit()+OrderSwap()+OrderCommission();

Then, when the OrderSelect() function starts counting the open trades, TotalOpenProfit will equal TotalOpenProfit+OpenProfit and will either increase or decrease with each order in the pool that the OrderSelect() function counts.

Once the TotalOpenProfit>=50 then you can start closing open positions and deleting pending orders.

I hope that helps. I'd rather post the idea behind the logic in the hope that you understand, than a load of code which is probably meaningless to many.

Originally Posted by jimhook_uk1

Hi jezzer,
You are correct; I want this code to only close positions in a specific pair if the total profit of that pair hits the target. I want all other open positions to remain open until they are closed by some other process.

Ok good question, you should create first a loop, something like this :

Code:

double TotalProfits=0;

int i;
int Limit=500;
for(i=0;i<Limit;i++)
{
   OrderSelect(i,SELECT_BY_POS,MODE_TRADES);
   if(OrderSymbol()==SpecificPairs&&OrderMagicNumber()==Magic)
   {
      TotalProfits+=(OrderProfit());

   }
}

And then to replace this :

Code:

if(AccountEquity()>=(AccountBalance()+ProfitTarget))

by :

Code:

if(TotalProfits>=ProfitTarget)