If you’re looking to streamline your trading process, the Close Basket Pairs script for MetaTrader 4 might just be the tool you need. This handy MQL4 script automates the closing of positions across a group of currency pairs based on specific profit and loss thresholds. Let’s break it down:
- Script Name: CloseBasketPairs.mq4
- Copyright: MetaQuotes Software Corp., 2024
- Version: 1.01
- Author: persinaru@gmail.com
- License: Free open source (IP 2024)
- Main Function: Closes positions for a defined basket of currency pairs when profit or loss thresholds are reached.
- Disclaimer: Use at your own risk; the creator is not responsible for any potential losses.
The script allows you to define your basket pairs and their order types, along with the profit and loss thresholds you want to set. It efficiently loops through all your open positions, checking if they match the defined basket pairs. When a position hits your specified criteria—either a profit exceeding your set limit or a loss surpassing your threshold—the script closes that position automatically.
Additionally, it includes functions for initialization, deinitialization, and managing tick events. The PrintStrategyInfo() function is particularly useful as it provides insights into your trading strategy, helping you keep track of how your basket is performing.
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