Specification
What I need:
A simple protective bot that monitors the entire trading account and automatically closes all positions at preset profit/loss limits.
Required features:
- Monitor all open positions, regardless of who/what opened them
- Automatically close ALL positions when:
- Total profit reaches a set value (e.g., +€30)
- Total loss reaches a set value (e.g., -€20)
- Block new trades after closing positions — to prevent other EAs from immediately reopening positions
IMPORTANT – Daily Drawdown Reset:
- Each day at midnight (or custom time), the bot saves the current account balance
- From this new reference point, a drawdown limit is applied (e.g., -$500)
- Example: if balance at 00:00 is $10,000, bot closes all trades if it drops to $9,500
- If balance increases to $10,200 the next day, the new stop is $9,700
- Always protects the latest daily high minus the set drawdown
Settings required:
- Take Profit value (in EUR/USD)
- Daily Stop Loss / Drawdown (in EUR/USD)
both mql5 and c trader
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