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Dual Profit Closer EA - Maximize Your Trading Efficiency with Precision!


Category: Trending and Range Market

Last updated: 2024-09-14

Terminal: MT4

Preferred pairs: All

Timeframe: Any



The Dual Profit Closer EA is a powerful automated tool designed to independently manage and close both buy and sell orders once they reach your predefined profit thresholds. Whether you're targeting gains on the upside or securing profits on the downside, this EA has you covered.



Parameters:

👉 OverallBuyProfit: Set the overall buy profit (combined for all buy orders).
👉 OverallSellProfit: Set the overall sell profit (combined for all sell orders).


Strategy:

It independently monitors your open buy and sell positions, and once the profit on either type of order reaches the threshold you've set, the EA automatically closes those positions. This means no more missed opportunities or delayed decisions—just efficient, disciplined trading.

Key Features:

Independent Buy & Sell Order Management: The EA tracks buy and sell orders separately, allowing for precise control over each type of position. It ensures that buy orders and sell orders are managed according to their respective profit thresholds, providing flexibility and precision in handling market movements.

Real-Time Profit Display: Stay informed with real-time updates on your trading chart. The EA displays the current overall profit for both buy and sell orders directly on the chart, so you can see how your trades are performing at a glance.

Customizable Profit Thresholds: Set and adjust profit targets for both buy and sell orders according to your trading strategy. Whether you aim for small, frequent gains or larger, less frequent wins, the Dual Profit Closer EA can be tailored to meet your needs.

Automated Execution: Once your predefined profit thresholds are reached, the EA automatically closes the respective orders, locking in profits without the need for manual intervention. This feature is especially beneficial during times of market volatility or when you cannot monitor the market.


Ideal Use Cases:

Day Trading & Scalping: For traders who engage in high-frequency trading, the Dual Profit Closer EA ensures that profits are secured quickly and efficiently, reducing the risk of market reversals erasing gains.

Swing Trading: Swing traders can benefit from setting profit targets that align with their medium-term market outlook, allowing the EA to manage trades according to predefined criteria without constant oversight.

Part-Time Trading: If you cannot monitor the markets full-time, this EA ensures your trades are managed automatically, so you don’t miss out on profit-taking opportunities while away from the screen.

Risk Management: By using separate profit thresholds for buy and sell orders, the EA helps in managing risk effectively, ensuring that both bullish and bearish trades are handled according to your risk tolerance.


Advantages of Using Dual Profit Closer EA:

Emotional Discipline: Eliminates emotional decision-making by adhering strictly to predefined profit-taking rules, helping you maintain trading discipline.

Increased Efficiency: Automates the closing process, saving you time and effort while ensuring your strategy is executed flawlessly.

Flexibility: Customizable settings allow you to tailor the EA to your unique trading style, whether you prefer aggressive or conservative profit targets.
 

Trading involves risk. Use it responsibly and be aware of the risks associated with automated trading. Please backtest everything before putting it in a real account.