A new script for MetaTrader 5 offers features for precise trading risk management: users can set customizable Risk:Reward ratios and define Stop Loss in pips. The script automatically calculates and applies SL and TP levels based on open positions, whether Buy or Sell. It presents a user-friendly interface with error handling for various market conditions.

To implement, attach the script to the MT5 chart and configure parameters. The script detects open positions for the current symbol and applies the calculated levels, confirming modifications in the MT5 terminal.

This tool saves time by eliminating manual calculations, ensures consistency in trading strategy, and is versatile across various symbols and account types. Installation involves downloading from the MQL5 Codebase and following outlined steps. Testing on a demo account is advised for familiar...

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A script designed to manage buy orders effectively requires attention to its setup and functionality. Primarily, this script enables the partial closure of profitable buy orders while allowing other orders to reach their target profits. Essential parameters include `ClosePercentage`, which defines the portion of each buy position to be closed, and `Slippage`, which determines the maximum slippage in points. The `CommentText` parameter filters positions by specific comments if desired.

Key features include compatibility with multiple buy positions and the preservation of original stop loss and take profit levels for the remaining lots. It safeguards minimum volume requirements, handles errors, and provides operational feedback.

To implement, copy and compile the code in MetaEditor. The script will be accessible in the Navigator under "Scripts" and can be ex...

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A new script targets efficient trade management by partially closing profitable sell orders while maintaining other open positions for target profits. Upon execution, details can be reviewed in the Experts tab. Key input parameters include:

- ClosePercentage: Determines the portion of each sell position to close, ranging from 0 to 100.
- Slippage: Sets the maximum permissible slippage in points.
- CommentText: Optionally close positions based on specific comments.

Key features of the script include handling multiple sell positions, preserving original stop loss and take profit levels, validating minimum volume requirements, and error management with feedback. For installation, transfer the code to MetaEditor and compile. The script will then be accessible under "Scripts" in the Navigator panel. To execute, drag it onto any chart. Caution: it closes a speci...

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