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  • Comments (3)
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MQLTA Auto Close

5

Auto Close is an expert advisor that can assist you with your money and risk management rules. The EA can monitor your Balance, Equity, Margin, Global Profit and Global Loss and alert you in case any of these reaches a specified threshold.

Free version with limited features can be found https://www.mql5.com/en/market/product/29179


How does it work

Load the Auto Close EA in the chart and set the parameters you want to keep monitored. If any of the risk management parameters is met you can be notified or you can have the EA to close the orders for you.

You can select to filter the orders for Magic Number, Symbol and Comment.


Auto Close Parameters

  • Indicator Name - Used to name the graphical object, suggested to leave as is
  • Only Analyze/Close Order With Magic - Used to only filter the orders having a specific Magic Number
  • Only Analyze/Close Order With Comment - Used to only filter the orders having a specific comment
  • Only Analyze/Close Order In Current Symbol - Used to only filter the orders having the same symbol as the chart
  • Slippage Used to Close Orders - Max Slippage allowed when closing an order
  • Alert/Close If Balance Less Than - This is the minimum balance allowed before alerting/closing orders, set to 0 if there is no minimum
  • Alert/Close If Equity Less Than - This is the minimum equity allowed before alerting/closing orders, set to 0 if there is no minimum
  • Alert/Close If Free Margin Less Than - This is the minimum free margin allowed before alerting/closing orders, set to 0 if there is no minimum
  • Alert/Close If Profit Greater Than - This is the minimum profit for alerting/closing orders, set to 0 if there is no minimum
  • Alert/Close If Loss Greater Than - This is the maximum loss for alerting/closing orders, set to 0 if there is no minimum
  • Enable Notifications Feature - To Enable or Disable notification
  • Send Alert Notification - To enable/disable the on screen notification with sound
  • Alert Sound - To choose the sound file for the alert
  • Send Notification to Mobile - to enable/disable mobile app notification
  • Send Notification via Email - to enable/disable email notification
  • Horizontal spacing for the control panel - Pixel of distance of from the left border of the chart to the interface
  • Vertical spacing for the control panel - Pixel of distance of from the top border of the chart to the interface

Free version with limited features can be found https://www.mql5.com/en/market/product/29179


If you like this tool please take a minute to leave a review.

If you have suggestions to improve it please send me a message and we can discuss it further.

Feel free to visit my profile and "Add to friends" https://www.mql5.com/en/users/mql4autotrading.

Reviews 3
Mehdi Faraz Fard
2310
Mehdi Faraz Fard 2021.07.10 12:58 
 

very good

Vratislav Tukal
3644
Vratislav Tukal 2020.10.14 18:26 
 

very good utility... thank you

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The Expert Advisor will protect your account from unexpected losses by constantly monitoring the equity and follow the rules as per input in the parameters.   When the rules are breached the EA will close all trades.   You can set the EA to close all trades at a certain percentage or money loss, or to close at a certain percentage or money profit.   This utility is very useful for Prop Trading Challenges to keep the draw down low and to protect your equity! My signals and other products can be f
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FREE SIGNAL CHANEL:  https://t.me/redfox_daily_forex_signals Time saving and fast execution Whether you’re traveling or sleeping, always know that Telegram To Mt4 performs the trades for you. In other words, Our   Telegram MT4 Signal Trader  will analyze the trading signals you receive on your selected Telegram channels and execute them to your Telegram to MT4 account. Reduce The Risk Telegram To Mt4   defines the whole experience of copying signals from   Telegram signal copier to mt4  p
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This is a multi-pair and multi scanner dashboard to find the key signal of BBMA Oma Ally Strategy BBMA consists of the use of 2 indicators: Moving Averages Bollinger Bands BBMA consists of many types of entries: Reentry Extreme Rejection EMA50 GAP (EMA50 to Upper/Lower BB) MHV Full Setup (CSE>TPW>MHV>Direction>Reentry) There are many multi timeframe signals based on this strategy. RRE (Reentry - Reentry - Extreme) REE (Reentry - Extreme - Extreme) REM (Reentry - Extreme - MHV) RRM (Reentry - R
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Mehdi Faraz Fard
2310
Mehdi Faraz Fard 2021.07.10 12:58 
 

very good

Vratislav Tukal
3644
Vratislav Tukal 2020.10.14 18:26 
 

very good utility... thank you

Mahen Weerakkody
263
Mahen Weerakkody 2018.09.04 00:28 
 

User didn't leave any comment to the rating

Reply to review
Version 1.3 2021.02.16
Minor code cleanup and optimizations.
Version 1.1 2018.09.04
- Extended feature upon user request, now close orders will also delete pending orders