MT4 Trading Tool: Partial Close EA

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Uploaded by on Jan 20, 2010

The Partial Close Expert Advisor for MetaTrader 4 is a tool that allows forex traders to scale out of their positions at pre-set take profit levels.

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Education

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  • Scaling out doesn't really yield more profits.What it does is smoothen your equity curve without incurring large drawdowns (assuming you have a positive expectancy trading system) which may wipe out your account.

  • What is the main advantage of using partial closes, as opposed to just using regular take profits? Does it yield more profits? Why? I understand the process of the EA, but I'm just not sure why this would be profitable. Thank you to anyone who answers.

  • good video but EA does not work

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