MQL5 EA — Profit-Target Closer (Concise Spec)

Purpose
Automatically close positions when profit targets are hit:

• Per trade: target by % of balance or fixed money.

• Equity (account/group): close when equity is ≥ X% or $X above a balance reference.

Inputs

• UseTradeTarget (bool)

• TradeTargetPercent (double)

• TradeTargetMoney (double)

• UseEquityTarget (bool)

• EquityTargetPercent (double)

• EquityTargetMoney (double)

• EquityScope (enum: Account | GroupBySymbolMagic )

• BalanceReference (enum: CurrentBalance | StartBalance )

• OnlyCurrentSymbol (bool)

• MagicNumber (long)

• Optional: MinHoldSeconds (int), ConfirmTicks (int), MaxSpreadPips (double), SlippagePoints (int)

Behavior

• Per-trade close: If floating P/L ≥ TradeTargetMoney or ≥ TradeTargetPercent of balance reference → close that trade.

• Equity close:

  • Money: Equity − BalanceReference ≥ EquityTargetMoney , or

  • Percent: Equity ≥ BalanceReference * (1 + EquityTargetPercent/100)
    On trigger, close positions in EquityScope (all account or only Symbol+MagicNumber group).

Details

• BalanceReference : snapshot at OnInit (StartBalance) or live (CurrentBalance).

• Works on hedging accounts; in netting, manage the single netted position per symbol.

• Apply stability filters ( ConfirmTicks , MinHoldSeconds ) and spread guard ( MaxSpreadPips ).

• Log clear messages (which target hit, values, tickets). Optional simple on-chart summary.

Deliverable
One clean, compilable MQL5 EA (no entry logic) implementing the above inputs and closing rules with robust error handling.