Equity Target Closer MT5

Close all your trades automatically when your account reaches a profit target or a loss limit. Equity Target Closer watches your result every second, closes everything at the right moment and then stops trading until tomorrow, or starts again from zero. Money or percent.

A good day can turn into a bad day in a few minutes, and a bad day can get much worse when you keep trading. With a clear daily target and a clear loss limit that close everything for you, you keep your profit and you stop the damage, without emotions.

HOW IT WORKS

  1. Attach the EA to any one chart and choose what to measure, the profit target and the loss limit.
  2. Every second it checks your result.
  3. Profit target reached or loss limit hit: all trades are closed and pending orders deleted.
  4. Then: trading stops until tomorrow (a new trade is closed at once), or trading continues and the result starts again from zero.

WHAT TO MEASURE

  • Account result today: closed trades of today plus open trades. The day starts at the server hour you choose.
  • Open trades P/L only: the profit or loss of the open trades now. Very useful for baskets, grids and other EAs.

FEATURES

  • Profit target and loss limit in money or in percent of the balance at the start of the day. Each one can be turned off.
  • Close all symbols or only the chart symbol.
  • All trades, manual trades only, or the trades of one EA (magic number).
  • Delete pending orders too (optional).
  • One alert per event: popup and push notification to your phone.
  • Works with manual trading and with other EAs on the same account.

THE PANEL ON THE CHART

  • Status: ACTIVE, TARGET REACHED or LOSS LIMIT HIT.
  • Your result in money and percent.
  • Your profit target and loss limit.
  • The balance at the start of the day, used for the result.

INSTALLATION

  1. Drag Equity Target Closer MT5 onto any one chart (any symbol, any timeframe).
  2. In the Common tab, tick "Allow Algo Trading", and make sure the Algo Trading button is on.
  3. In the Inputs tab, choose what to measure, the unit, the target and the loss limit. Click OK.

NOTES

  • The stop is checked again at every start and after every settings change. It stays only while your result is still over the target or the limit.
  • The trades are closed at market price, so the final result can be a little different from the target (spread and slippage).
  • The EA works only while MetaTrader 5 is running and connected. Use a VPS for full protection.
  • The EA never opens trades. It only closes positions and deletes pending orders.
  • Free tools from the same author: Daily Loss Limit Lock MT5, Max Trades Per Day MT5 and Margin Level Protector MT5. For prop firm challenges: Prop Firm Rules Guard MT5.

Questions or ideas? Send me a private message on MQL5. If the EA helps you, a short review is very welcome.

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