Partial Close Forex EA

The field of Forex trading has seen a significant paradigm shift with the introduction of automated trading systems. One such system that stands out is the Partial Close Forex EA. This software, designed for the MT4 platform, simplifies the often-complex process of trade management. It offers a unique blend of Forex strategies, market analysis, and automated trading mechanisms to enhance trading outcomes.

How Does Partial Close Forex EA Operate?

This automated Forex software operates on a straightforward principle. It sets up a grid on the trading chart, representing various levels of Take Profits (TP) and Stop Losses (SL). The remarkable feature of this grid is its invisibility to brokers, ensuring a level of privacy for traders.

When a user places a market trade, the EA will automatically create TP1, TP2, TP3, and SL points. These points will be based on the prices set by the user on their mobile MT4 platform. For instance, if the user sets the TP1 for GBP/USD at 1.2820, the EA will calculate TP2 and TP3 based on a pre-decided number of pips from TP1 and TP2, respectively.

Automated Adjustments and Closes

A striking feature of the Partial Close Forex EA is its auto-adjustment capability. If the user decides to alter the TP1 price, the EA will automatically recalibrate TP2 and TP3 to maintain the exact pip distance. This feature saves traders from the tedious task of manual recalculations.

The EA also handles partial closes at each TP level. For example, when TP1 is hit, the EA will move the SL to the breakeven point and execute the first partial close. This process is repeated at TP2 and TP3 levels, ensuring profit while minimizing losses.

Setting Up the Partial Close Forex EA

Setting up the Partial Close Forex EA is relatively simple. The user needs to input a few variables, such as the visible grid size, the distance between TPs, SL offset distance, and the percentage of the current lot size for partial close at each TP level. This allows users to customize their trading strategy according to their preferences.

FAQs

Q1: Can the Partial Close Forex EA be controlled via mobile?
Yes, the Partial Close Forex EA can be managed through the mobile MT4 platform.

Q2: How does the EA handle Stop Losses?
The EA moves the Stop Losses to the breakeven point once TP1 is hit and adjusts it to TP2 and TP3 when they are hit, respectively.

Q3: Can the TP points be adjusted?
Yes, if the user decides to change TP1, the EA will automatically adjust TP2 and TP3 to maintain the exact pip distance.

For an unbiased assessment of the Partial Close Forex EA, traders can visit forexroboteasy.com to view independent product testing. They can also subscribe to receive updates on the testing results of this product.

Have you used the Partial Close Forex EA? Please share your experiences to help other traders make informed decisions. Remember, this is an independent product review, and all insights are appreciated.