Q: What is the Close Minus by Plus Expert Advisor?

The Close Minus by Plus Expert Advisor is designed to close unprofitable positions by identifying and closing profitable ones to offset losses, enhancing overall trading efficiency.

Q: What criteria does the EA use to close positions?

The EA closes positions based on minimum loss thresholds and requires an additional profit to cover the losses, ensuring that closed positions result in a net positive outcome.

Q: Can the number of positions to close be adjusted?

Yes, the maximum number of positions that the EA can close is adjustable in the advisor settings , allowing traders to customize based on their trading strategy.

Q: How do I install the Close Minus by Plus EA?

To install the EA , place it on a separate chart (e.g., EURUSD) in your MetaTrader terminal, then activate the EA to begin its operations based on your configured settings.

Q: What settings can be configured in the EA?

You can configure settings such as the minimum loss to trigger the EA , the additional profit required to cover losses, and the maximum number of positions to close simultaneously.

Q: Does the EA work with both Buy and Sell positions?

Yes, the EA can handle both Buy and Sell positions , allowing it to close any type of position that meets the defined criteria.

Q: How does the EA calculate the positions to close?

The EA calculates a series of profitable positions whose combined profit exceeds the loss of the unprofitable position, ensuring that closing these positions covers the loss effectively.

Q: Is there a limit to the number of positions the EA can handle?

The maximum number of positions the EA can handle is configurable, allowing traders to set it according to their trading volume and risk management preferences.

Q: Can I specify the minimum loss for the EA to activate?

Yes, you can set a minimum loss threshold in the EA settings, which determines when the EA should start searching for profitable positions to offset the loss.

Question 1

What is the Close Minus by Plus Expert Advisor?

Accepted Answer

The Close Minus by Plus Expert Advisor is designed to close unprofitable positions by identifying and closing profitable ones to offset losses, enhancing overall trading efficiency.

Question 2

How does the Close Minus by Plus EA identify unprofitable positions?

Accepted Answer

The EA scans all open positions in the terminal to find the most unprofitable position, targeting it for closure by offsetting with profitable positions.

Question 3

What criteria does the EA use to close positions?

Accepted Answer

The EA closes positions based on minimum loss thresholds and requires an additional profit to cover the losses, ensuring that closed positions result in a net positive outcome.

Question 4

Can the number of positions to close be adjusted?

Accepted Answer

Yes, the maximum number of positions that the EA can close is adjustable in the advisor settings, allowing traders to customize based on their trading strategy.

Question 5

How do I install the Close Minus by Plus EA?

Accepted Answer

To install the EA, place it on a separate chart (e.g., EURUSD) in your MetaTrader terminal, then activate the EA to begin its operations based on your configured settings.

Question 6

What settings can be configured in the EA?

Accepted Answer

You can configure settings such as the minimum loss to trigger the EA, the additional profit required to cover losses, and the maximum number of positions to close simultaneously.

Question 7

Does the EA work with both Buy and Sell positions?

Accepted Answer

Yes, the EA can handle both Buy and Sell positions, allowing it to close any type of position that meets the defined criteria.

Question 8

How does the EA calculate the positions to close?

Accepted Answer

The EA calculates a series of profitable positions whose combined profit exceeds the loss of the unprofitable position, ensuring that closing these positions covers the loss effectively.

Question 9

Is there a limit to the number of positions the EA can handle?

Accepted Answer

The maximum number of positions the EA can handle is configurable, allowing traders to set it according to their trading volume and risk management preferences.

Question 10

Can I specify the minimum loss for the EA to activate?

Accepted Answer

Yes, you can set a minimum loss threshold in the EA settings, which determines when the EA should start searching for profitable positions to offset the loss.

Question 11

What is the AdditionalProfitInUnit parameter?

Accepted Answer

The AdditionalProfitInUnit parameter specifies the extra profit required from closing positions to ensure that the total profit exceeds the loss by a defined amount.

Question 12

How does the EA handle multiple loss-making positions?

Accepted Answer

The EA identifies the largest loss-making position and attempts to cover its loss by closing a series of profitable positions, effectively managing multiple losses by prioritizing the biggest one.

Question 13

Can the EA close positions of any size?

Accepted Answer

Yes, the EA can close positions of any size, as long as they meet the criteria set in the advisor's settings for minimum loss and additional profit.

Question 14

Does the EA support trailing profits?

Accepted Answer

Yes, the EA supports trailing profits, allowing it to lock in profits as they accumulate while managing and closing positions to optimize overall performance.

Question 15

How does the EA ensure it doesn't close too many positions?

Accepted Answer

The EA uses the MaxPos_in_Class setting to limit the number of positions it can close at one time, preventing excessive closures and maintaining control over trading activities.

Question 16

What kind of reports does the EA generate?

Accepted Answer

The EA generates detailed reports and log files that include information about closed positions, profits, losses, and the overall performance of the algorithm.

Question 17

Is the Close Minus by Plus EA suitable for all trading strategies?

Accepted Answer

While the EA is versatile, it is best suited for traders who actively manage multiple positions and seek to automate the process of mitigating losses through profitable closures.

Question 18

How reliable is the Close Minus by Plus algorithm?

Accepted Answer

Developed and refined over the years, the Close Minus by Plus algorithm has proven to be reliable and effective in managing and offsetting losses through strategic position closures.

Question 19

Can I customize the EA to fit my trading needs?

Accepted Answer

Yes, the EA offers various customizable settings, including loss thresholds, additional profit requirements, and maximum positions to close, allowing you to tailor it to your specific trading strategy.

Question 20

Does the EA work on all currency pairs?

Accepted Answer

The EA can be applied to any currency pair available in your MetaTrader terminal, giving you the flexibility to use it across different markets.

Question 21

What are the benefits of using the Close Minus by Plus EA?

Accepted Answer

Benefits include automated management of unprofitable positions, enhanced risk management, and the ability to maximize profits by strategically closing profitable positions to offset losses.

Question 22

Is there a limit to how much profit the EA can generate?

Accepted Answer

The potential profit is determined by the number and size of profitable positions available to offset losses, as well as the settings you configure within the EA.

Question 23

How does the EA prioritize which positions to close?

Accepted Answer

The EA prioritizes closing the largest loss-making position first and then selects profitable positions that collectively cover the loss, ensuring efficient loss mitigation.

Question 24

Can the EA handle different lot sizes?

Accepted Answer

Yes, the EA can manage positions with varying lot sizes, as long as they meet the defined criteria for loss and profit within the settings.

Question 25

Does using the EA require advanced trading knowledge?

Accepted Answer

While some understanding of trading concepts is beneficial, the EA is designed to automate complex tasks, making it accessible even to traders with basic knowledge.

Question 26

How does the EA affect my overall trading strategy?

Accepted Answer

The EA complements your trading strategy by automating the closure of unprofitable positions, allowing you to focus on other aspects of trading while effectively managing risks.

Question 27

Is customer support available for the EA?

Accepted Answer

Yes, our team provides customer support to assist you with installation, configuration, and any issues you may encounter while using the EA.

Question 28

Can I use the EA on multiple charts simultaneously?

Accepted Answer

Yes, you can deploy the EA on multiple charts and currency pairs simultaneously, allowing it to manage positions across different markets effectively.

Question 29

Does the EA require continuous monitoring?

Accepted Answer

Once configured, the EA operates automatically without the need for constant monitoring, though it's advisable to review its performance periodically.

Question 30

How does the EA handle partial closures?

Accepted Answer

The EA can execute partial closures of positions based on the settings, allowing for flexible management of profits and losses.

Trading Risk Management

Close Minus by Plus, Closing unprofitable positions by searching and closing profitable positions

Support and Resistance Levels