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The algorithm finds the most unprofitable position on your account, then the program determines the profitable positions that can cover the loss. With this profit, the loss-making order is closed automatically. The system is able to work on the most distant unprofitable orders or select them by certain tickets with manual selection. In other words, the utility closes a losing order using one or a group of profitable orders.

  • Closing orders for the current symbol or for all symbols
  • Selection of medjik numbers and tickets for closing
  • Ability to close one or more unprofitable orders at a time 
  • Selecting profitable and unprofitable orders in money, points, or percentages
  • Closing only BUY or SELL orders or closing all orders
  • Selecting the maximum number of profitable orders in the basket to cover the loss
Troubleshooting, contacting the author
MT5 version

LOSS ORDER SETTINGS-settings for closing a losing order

  • Symbol with losses  Selecting a symbol to search for a losing order:
    • All Symbols – The mode of operation for all symbols on which there is a position opening
    • Current Symbol only – Select the tool on which the panel is installed 
  • Type for orders with loss – Acceptable types of orders with a loss, which will be closed by the utility, where:
    • Buy and Sell orders-Close BUY and SELL order types
    • Buy orders-Close only the BUY order type
    • Sell orders-Close only the SELL order type
  • Magic for orders-Process orders of the current magic number or work on all orders
    • All Magic Numbers-Close any orders on all Magic Numbers
    • Current Magic only-Close orders only on the current Magic Number
  • MagicNumbers for loss (if used) – Field for entering the medjik number. To close only manual orders, enter ” 0″
  • Ticket for loss ( if needed) – Manual selection of the order to restore. Only one can be entered, when this order is closed, the system will continue to work with other orders in automatic mode
  • Min loss in % of balance – The minimum loss of the order to restore, in % of the balance
  • Min loss in points – Minimum loss of the order to restore, in points
  • Max loss in money (0=not used) The maximum amount of planting, in the money for recovery
  • Close few orders if possible-Allow multiple orders to be closed, if possible
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  • All Symbols – The mode of operation for all symbols on which there is a position opening
  • Current Symbol only – Select the tool on which the panel is installed 
  • Buy and Sell orders-Close BUY and SELL order types
  • Buy orders-Close only the BUY order type
  • Sell orders-Close only the SELL order type
  • All Magic Numbers-Close any orders on all Magic Numbers
  • Current Magic only-Close orders only on the current Magic Number

PROFIT ORDERS SETTINGS – settings of profitable positions, which are used to close a loss

  • Max number for profitable order in basket – The maximum number of orders in the basket in one direction to cover the loss
  • Additional profit in basket – The minimum amount of profit in money from profitable positions after closing a loss
  • Symbol with profitable orders – Selecting a symbol for order processing: 
    • All Symbols – The mode of operation for all symbols on which there is a position opening
    • Current Symbol only – Select the tool on which the panel is installed 

  • Type for orders with profit – Acceptable order types to work with, where
    • Buy and Sell orders-Ability to close BUY and SELL order types
    • Buy orders-The ability to close only the BUY type of orders
    • Sell orders-The ability to close only the SELL type of orders
  • Magics for profitable orders-Work with orders of the current Magic Number or for all orders
    • All Magic Numbers-Process all orders on all Magic Numbers
    • Current Magic only-Process orders only on the current Magic Number
  • MagicNumber for profitable orders (if used) – Field for entering the medjik number. In order for the panel to process manual orders, enter “0”
  • Min profit of order in money – The minimum profit of one profitable order in money for closing
  • Min profit of order in points Minimum profit of one profitable order in points for closing 
  • Show panel of advisor – Show or hide the panel 
  • Font size in panel font size on the panel
  • All Symbols – The mode of operation for all symbols on which there is a position opening
  • Current Symbol only – Select the tool on which the panel is installed 
  • Buy and Sell orders-Ability to close BUY and SELL order types
  • Buy orders-The ability to close only the BUY type of orders
  • Sell orders-The ability to close only the SELL type of orders
  • All Magic Numbers-Process all orders on all Magic Numbers
  • Current Magic only-Process orders only on the current Magic Number

Other developments of the author

Other developments of the author

Other developments of the author

Our Useful Features & Services

Published

13 February 2021

Updated

13 February 2021

Current Version

1.10

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Sven Markus Weller April 22, 2021 3:36 am
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Helpful tool to control DD for the short term. Do its job. In the long run I cannot give a ranking but.