Understanding the Basket Manager EA
The Basket Manager EA is a nifty tool designed to help traders like you manage multiple positions effortlessly in MetaTrader 5. Here’s how it operates:
- If you have fewer than n open positions, the EA will sit idle and let you trade as you wish.
- As soon as you open the n-th position, the EA will automatically close all previous positions if their total profit and loss (PnL) is in the green.
- If you have n or more positions open, the EA will close everything once the total PnL turns positive.
This smart strategy ensures that you don’t pile up too many positions, which can increase risk to your capital. Plus, it helps you lock in profits regularly, giving you peace of mind!
Keep in mind that all positions should carry the same level of risk. This doesn’t necessarily mean they need to be the same lot size, as different instruments can have varying volatility.
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