Q: What is the primary function of the CLP CloseIfProfitorLoss EA?

CLP CloseIfProfitorLoss EA manages the total profit or loss by automatically closing positions and implementing a trailing profit feature to maximize gains.

Q: How does the Trailing Profit function work?

Trailing Profit adjusts stop-loss levels dynamically as profits increase, allowing you to lock in more gains as the market moves in your favor.

Q: What is the Separate Order feature?

Separate Order allows you to manage and close BUY and SELL positions independently based on specific parameters like stop-loss and take-profit .

Q: Can the EA handle multiple symbols?

Yes . You can configure the EA to apply its functions to all symbols in the terminal or restrict it to the current symbol , providing flexibility across different trading pairs.

Q: What is the emergency "Close ALL" button?

The \"Close ALL\" button allows you to instantly close all open positions, providing a quick exit option in case of unexpected market movements.

Q: How do I activate the CLP CloseIfProfitorLoss function?

Activate the function by pressing the ON button on the control panel. Ensure all required parameters are set correctly for the EA to start managing your trades.

Q: What criteria can be used to close positions?

Positions can be closed based on deposit currency , points (pips) , percentage of the account balance, or drawdown levels , allowing versatile risk management.

Q: What is the difference between Trailing Stop and Trailing Profit?

Trailing Stop adjusts the stop-loss for each position individually, while Trailing Profit modifies the virtual stop loss for total profits, allowing overall profit management.

Question 1

What are the values ​​in the fields for editing in Points or pips?

Accepted Answer

In points()! The item is taken from the value of the Point () variable of the MQL language.

Question 2

On the chart there are 2 open positions with lots of 0.1 and 0.2. I see that from the current price to the break-even 50 points, that is, loss is 50 points, and you show -150 points, why?

Accepted Answer

The calculation in points is correct from our side.

Question 3

Is it possible to set the trailingprofit to start from the minus zone?

Accepted Answer

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Question 4

What is the primary function of the CLP CloseIfProfitorLoss EA?

Accepted Answer

CLP CloseIfProfitorLoss EA manages the total profit or loss by automatically closing positions and implementing a trailing profit feature to maximize gains.

Question 5

How does the Trailing Profit function work?

Accepted Answer

Trailing Profit adjusts stop-loss levels dynamically as profits increase, allowing you to lock in more gains as the market moves in your favor.

Question 6

What is the Separate Order feature?

Accepted Answer

Separate Order allows you to manage and close BUY and SELL positions independently based on specific parameters like stop-loss and take-profit.

Question 7

Can the EA handle multiple symbols?

Accepted Answer

Yes. You can configure the EA to apply its functions to all symbols in the terminal or restrict it to the current symbol, providing flexibility across different trading pairs.

Question 8

What is the emergency "Close ALL" button?

Accepted Answer

The \"Close ALL\" button allows you to instantly close all open positions, providing a quick exit option in case of unexpected market movements.

Question 9

How do I activate the CLP CloseIfProfitorLoss function?

Accepted Answer

Activate the function by pressing the ON button on the control panel. Ensure all required parameters are set correctly for the EA to start managing your trades.

Question 10

What criteria can be used to close positions?

Accepted Answer

Positions can be closed based on deposit currency, points (pips), percentage of the account balance, or drawdown levels, allowing versatile risk management.

Question 11

What is the difference between Trailing Stop and Trailing Profit?

Accepted Answer

Trailing Stop adjusts the stop-loss for each position individually, while Trailing Profit modifies the virtual stop loss for total profits, allowing overall profit management.

Question 12

How do I set the Total Loss and Total Profit levels?

Accepted Answer

Configure the EA to close positions automatically when the total loss or total profit reaches a preset value in dollars, points, or percentages of your account balance.

Question 13

What is Virtual Stop Loss/Take Profit mode?

Accepted Answer

Virtual Stop Loss/Take Profit sets virtual levels for closing positions without using real stop-loss orders, allowing the EA to manage closures based on defined criteria.

Question 14

How do I enable Separate BuySell mode?

Accepted Answer

Enable the Separate BuySell option to calculate and close BUY and SELL positions independently, offering precise control over each market direction.

Question 15

Can the EA be used on any trading account?

Accepted Answer

Yes. The EA is universally compatible with any trading account and can work alongside other advisors or manual trading strategies.

Question 16

How does the EA handle drawdown?

Accepted Answer

The EA can automatically close positions when the account experiences a specified drawdown level, effectively managing and mitigating potential losses.

Question 17

What are the key features of the Control Panel?

Accepted Answer

The Control Panel offers a user-friendly interface for managing trades, setting profit/loss levels, enabling features like Separate Orders, and monitoring the status of the EA.

Question 18

How do I configure Trailing Profit in percentages?

Accepted Answer

Set the Profit% level and the TrailingProfit distance in percentages. For example, set Profit% to 2% and TrailingProfit to 1%, so trailing activates once profit exceeds 2% and adjusts as profit increases.

Question 19

What happens when Trailing Profit is activated?

Accepted Answer

When Trailing Profit activates, the EA sets a new closing level based on the trailing distance. If profit drops below this level, all positions are forcibly closed to secure gains.

Question 20

How does the EA display the status of Trailing Profit?

Accepted Answer

Indicators on the control panel show green when Trailing Profit is active and red when it is turned off, providing a quick visual status of the function.

Question 21

Can I customize the EA settings externally?

Accepted Answer

Yes. By enabling VPS_CLP_Activation, you can manage closing functions through external variables, allowing customization without using the internal control panel.

Question 22

What should I do if the profit field flashes red?

Accepted Answer

If the profit field flashes red, it indicates an error with the set value. Ensure that profit values are set above 0 and correct any negative inputs as the EA requires positive values for profits.

Question 23

How are virtual stop lines displayed?

Accepted Answer

Virtual stop lines for future position closures are shown on the chart when Show_Future_BE_TP_SL is enabled, providing visual cues for potential closing points.

Question 24

Is there a difference in handling BUY and SELL positions?

Accepted Answer

Yes. With the Separate BuySell feature, the EA monitors and closes BUY and SELL positions independently, ensuring precise management for each direction.

Question 25

How does the EA manage positions on a VPS server?

Accepted Answer

When VPS_CLP_Activation is enabled, the EA manages closing functions via external settings, as MetaQuotes restricts sending global variables to the VPS server from MQL.

Question 26

What should I do if positions form a lock and lines are not shown?

Accepted Answer

If lines are not shown, it may indicate that positions are forming a lock and cannot be closed by the total profit or loss. Ensure that Separate Orders mode is configured correctly.

Question 27

Can the EA work alongside other Expert Advisors?

Accepted Answer

Yes. The EA is designed for universal use and is compatible with other advisors or manual trading strategies, allowing seamless integration into your trading setup.

Question 28

How does the EA handle errors in profit and loss settings?

Accepted Answer

The EA automatically corrects errors by converting negative profit values to positive and vice versa for loss values. If values are set to 0, the fields will flash red, indicating an error.

Question 29

What information is displayed on the control panel?

Accepted Answer

The control panel displays the current condition of your positions, including profit/loss levels in dollars, pips, and percentages, as well as the status of active functions like Trailing Profit.

Question 30

How do I set virtual take profit and stop loss?

Accepted Answer

Enable Virtual Stop Loss/Take Profit by selecting Separate Deals, setting the desired Profit and Loss values in dollars, pips, or percentages, and activating the CLP ON option on the control panel.

Question 31

Are there video tutorials available for using the EA?

Accepted Answer

Yes. The article includes examples of use presented in pictures and videos, demonstrating how to configure and operate the EA effectively.

CloseIfProfitorLoss

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CLP CloseIfProfitorLoss with Trailing. Control of the total profit or loss with profit trailing.