Equity Target Closer MT5
- Utilità
- Versione: 1.0
- Attivazioni: 10
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
- Attach the EA to any one chart and choose what to measure, the profit target and the loss limit.
- Every second it checks your result.
- Profit target reached or loss limit hit: all trades are closed and pending orders deleted.
- 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
- Drag Equity Target Closer MT5 onto any one chart (any symbol, any timeframe).
- In the Common tab, tick "Allow Algo Trading", and make sure the Algo Trading button is on.
- 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.
