Specification
Development of Guardian Trading Bot for MT4/MT5
What I need:
A simple protective trading bot (EA) that monitors the entire trading account and automatically closes all positions when specific profit/loss or drawdown conditions are met.
Required Features:
Monitor all open positions:
- The bot must track all active positions, regardless of whether they were opened manually or by another Expert Advisor (EA).
Automatic closing of all positions (Option 1):
- When total profit reaches a specified value (e.g. +€30), the bot must close all active trades.
→ I need a trailing profit feature where I can define a trailing step (e.g. +€5). - When total loss reaches a specified value (e.g. -€50), the bot must also close all trades.
→ I also want a trailing stop loss option, where I can define a trailing step (e.g. -€10).
Block new trades after closure:
- Once the bot closes all trades, it must block any new trades from being opened — especially from other EAs — to prevent immediate re-entry.
Option 2: Daily Drawdown Reset (should be optional and configurable)
Daily account protection with two safety levels:
- Every day at midnight (or at a custom-defined time), the bot records the current account balance.
- From that point, it calculates two drawdown thresholds:
- First warning level (e.g. -€200)
- Second critical level (e.g. -€500)
Example of how it works:
- If the balance at 00:00 is €10,000:
- First level = €9,800
- Second level = €9,500
- If the next day at 00:00 the balance is €10,200:
- New first level = €10,000
- New second level = €9,700
- The bot will always protect the highest daily balance, minus the configured drawdown values.
💡Additional logic when limits are triggered:
- If the first level (e.g. -€200) is reached:
- The bot closes all currently open positions (both positive and negative).
- It allows previously set manual orders (pending orders) to remain.
- It disables all EAs to prevent any further auto-trading.
- If the second level (e.g. -€500) is reached:
- The bot closes all positions and all pending orders.
- It completely shuts down all further activity, both manual and automated.
Bot Settings Required:
- ✅ Take Profit value (in EUR/USD)
- ✅ Daily Stop Loss / Drawdown (in EUR/USD)
- ✅ Daily reset time (with UTC offset configuration)
- ✅ Trailing profit/loss step (in EUR/USD)
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