Equity Master Stop v1 MT5
- Utilities
-
Frank William Jr Colbert
Hello everybody! I've thought of making some trading tools, utilities, and in-depth analyzers to make trading safer and easier for myself, and I hope these can also help others on their forex trading, analyzing and risk management Journey. - Version: 1.0
An advanced equity protection and trade management script. It monitors individual trade P&L and closes positions when floating equity targets (profit or loss) are met. It features "skip closing hours" for high volatility, wide spreads, or price instability times.
Features:
Closes trades at a target profit (`MAX_FLOATING_EQUITY`) or maximum loss (`MAX_FLOATING_LOSS`).
Includes a `FORCE_CLOSE_AT_MAX_EQUITY` level that bypasses all exit protection checks.
"SKIP_CLOSING_HOURS" input to pause loss-based closures in unfavorable market conditions (e.g., during rollover).
Effective Uses:
Global Equity Stop: Act as a master circuit breaker for a portfolio of many EAs. If floating loss hits -$100, close Trade.
Profit Runner Management: Force close a single trade when it reaches a specific profit target (e.g., $2.00).
