Exit strategy

Close Delete On Friday - expert for MetaTrader 5

On Friday, starting from the specified time ' Friday Start Hour ' :: ' Friday Start Minute ', the utility starts closing positions and deleting pending orders.

MultiCurrency Close All - expert for MetaTrader 5

The utility advisor can track the total profit for three specified symbols (' Symbol 0 ', ' Symbol 1 ' and ' Symbol 2 '). If the profit for these symbols reaches the ' Target Profit ' value or the loss becomes greater than the ' Max Loss ', all positions for the specified symbols will be closed.

Daily Trading Statistics Indicator - indicator for MetaTrader 5

The utility indicator displays (using four OBJ_LABEL graphical objects) daily trading statistics. Displays:

• Trades of day - the number of transactions per day
• Wining trade - profit per day (in the currency of the trading account)
• Losing trade - loss per day (in the currency of the trading account)
• Total profit - total profit for the day (in the currency of the trading account)

Each object can be flexibly configured - set vertical indent, font size and type, color ...

Close all at the specified symbol - expert for MetaTrader 5

Close all positions by the specified (in ' Symbol ') parameter. There is only one check in the Expert Advisor: it is the correctness of the entered symbol.

Money management is a very important aspect for successful trading. Its main purpose is to minimize risks and maximize profits. With the right use of money management, it is possible to achieve improved trading results.

In general, money management is a set of rules that allows traders to calculate the optimal volume of positions, taking into account all the possibilities and limitations. Today, there are quite a few money management strategies to fit every taste. We will try to consider several ways to manage money based on different mathematical growth models.

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Stop loss and take profit are stop orders that close a position when the price reaches their value. Stop loss allows traders to limit losses, while take profit enables thjem to save their gains. The main advantage of using stop loss and take profit is the ability to control financial risks and use money management.

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