Equity Target Closer - close all trades at a profit or loss level - expert for MetaTrader 5

Equity Target Closer is a simple utility that closes all your trades when the account reaches a profit target or a loss limit. It does not open trades and does not analyse the market: you trade manually or with other EAs, and it takes care of the exit at the level you set. Attach it to one chart.

How it works

• On every tick and once per second it measures the P/L of the positions it watches.
• When the P/L reaches the profit target or the loss limit, it closes all those positions at market and (optionally) deletes the pending orders.
• Optionally it pauses until the next day: any new trade opened after the close is closed again, so the day stays locked.

Inputs

• What to measure - floating P/L of open positions only, or today's P/L (closed trades of the day + open positions). Deposits and withdrawals are never counted.
• Units - money (account currency) or % of balance.
• Close all at this profit - 0 disables it.
• Close all at this loss - write it as a positive number; 0 disables it.
• Only this symbol - empty = all symbols.
• Only this magic number - -1 = all trades, 0 = manual trades only, or the magic of one EA.
• Also delete pending orders.
• Pause until tomorrow after closing.
• Day reset hour - server hour when the trading day starts (used for today's P/L and the pause).

Notes

• Works on any symbol and timeframe, on netting and hedging accounts.
• Closing is at market: in fast markets or gaps the final result can be a bit past the level. Tested in the Strategy Tester with random trades: it closed every time at the target or the limit.
• Typical uses: lock a daily profit, cap the daily loss of a manual session, or close a basket of one EA at a money target.