Equity Target Closer

Equity Target Closer closes all positions and pending orders when the profit or loss of the account reaches a level you choose. It does not open trades. Attach it to one chart and it checks the account on every tick and once per second.

What it does

  • Profit target: when the P/L reaches the target, it closes everything.
  • Loss limit: when the P/L reaches the limit, it closes everything.
  • Money or %: levels in account currency or in % of the balance.
  • Two ways to measure: floating P/L of the open positions, or today's P/L (closed trades of the day plus open positions; deposits and withdrawals are excluded).
  • Filters: all positions, or only one symbol and/or one magic number.
  • Pause until tomorrow (optional): after a close it keeps closing any new trade until the next day.
  • Status on the chart: current P/L, target and limit.

Inputs

  • What to measure (floating P/L or today's P/L)
  • Units (money or % of balance)
  • Close all at this profit (0 = off)
  • Close all at this loss, positive number (0 = off)
  • Only this symbol (empty = all)
  • Only this magic number (-1 = all)
  • Also delete pending orders
  • After closing, keep closing new trades until tomorrow
  • Day reset hour (server time)

Notes

  • Positions are closed at market, so in fast markets the final result can be slightly beyond the level you set.
  • Use only one copy per account with the same filters.
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