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

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

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?

The calculation in points is correct from our side.

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.

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.

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 .

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.

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.

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.

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.

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.

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

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.

What is Virtual Stop Loss/Take Profit mode?

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.

How do I enable Separate BuySell mode?

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

Can the EA be used on any trading account?

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

How does the EA handle drawdown?

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

What are the key features of the Control Panel?

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.

How do I configure Trailing Profit in percentages?

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.

What happens when Trailing Profit is activated?

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.

How does the EA display the status of Trailing Profit?

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.

Can I customize the EA settings externally?

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

What should I do if the profit field flashes red?

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.

How are virtual stop lines displayed?

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.

Is there a difference in handling BUY and SELL positions?

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

How does the EA manage positions on a VPS server?

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.

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

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.

Can the EA work alongside other Expert Advisors?

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.

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

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.

What information is displayed on the control panel?

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 .

How do I set virtual take profit and stop loss?

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.

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August 3, 2020

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

The Expert Advisor (EA) offers advanced features for managing and closing positions in MetaTrader, specifically upon reaching a predetermined level of total profit or loss. With the profit trailing function enabled, the EA dynamically adjusts stop levels to secure profits as they grow.