Analyzing my grid accounts with medium risk (initial lot 0.01 for every $300 of balance - https://www.mql5.com/en/signals/1295791) and conservative risk (initial lot 0.01 for every $450 of balance - https://www.mql5.com/en/signals/748852), you can see that a drawdown of more than 30% happens about once every two years.

Thus, insurance in the form of forced closing of all positions at a 30% drawdown looks reasonable and pays off within 2-3 months.

On more aggressive accounts (for example, the initial lot is 0.01 for every $150 of balance - https://www.mql5.com/en/signals/920482), I see the use of closing at drawdowns as ineffective, since large drawdowns can be frequent. From such accounts, you need to periodically withdraw profits (every few months) to accounts with medium and low risk.

Hi,

There is no magic number parameter in this utility.

• "Select_trades" - if "All", then consider all positions on the account simultaneously; if "by_Symbol", then consider positions for different symbols separately; if "by_Magic", then consider positions with different magic numbers separately; if "by_Magic_and_Symbol", then consider positions for different symbols and with different magic numbers separately (this is the same as using the "Close_trades_by_profit_percentage" parameter in my Expert Advisor).

Hello!

" Lets say Close trades by Profit Money set to 1.000 and 
select trades "all" = then alls trades will be closed wenn i reach 1.000 in open orders ? " - Yes.

" when another EA opens new positions will your EA close them again or only when there are 1.000 again. " -  when there are 1.000 again (by equity).

"Same for Loss. Balance 10.000€ maximum loss 500€ all trades will close when equity is 9.500€ ?" - Yes.

Utility update

1) It became possible to delete pending orders when closing positions.

"Also_delete_pending_orders_at_profit" - delete pending orders when closing in profit.

"Also_delete_pending_orders_at_loss" - deleting pending orders when closing at a loss.

2) Another position accounting model "Select_trades = one_given_magic_and_chart_symbol" has appeared. When choosing this model, ONLY positions with a magic number from the "One_given_magic_number" parameter for the chart symbol to which the utility is attached will be taken into account.

Hi, balance is used (not equity)

Hi Konstantin, 

nice and simple product. Though as a suggestion it would be very helpful to include a field to close partly (%) the positions by a number. 

Can you do that? Would be great. 

Thanks, 

Hello,

1) Yes. However, consider the "Select_trades" parameter.

2) 90. Since the utility analyzes the current equity and the current balance. That is, there will be a calculation based on the new balance, regardless of whether it is deposit /withdraw or TP/SL.

1) select trades parameter should be set to all right ?
So i guess if i set close trades by profit money only then balance will be discarded for calculation only floating profit is calculated right ? which will be easier to set for PAMM accounts since there will be frequent deposits and withdrawals ?? Also it is irrespective of few trades hitting SL/TP ? Just manually calculate ur desired % of profit u need from balance and set it correct ??

Yes, you probably need to select "All" to take into account all positions at the same time.

Yes, floating profit or floating loss from the balance.

Hi, I probably gave the wrong answer. 

the utility analyzes the current equity and the current balance.  See the example in comment #12.

Прочитав предыдущие каменты, понял, что в режиме  " by_Symbol " эксперт будет отрабатывать заданный профит или убыток по каждому из символов независимо и независимо от символа окна, на котором установлен. Я прав?

Да, верно.

В описании так же указана эта информация.

• "Select_trades" - если "All", то рассматривать все позиции на счёте одновременно; если "by_Symbol", то рассматривать позиции по разным символам отдельно; если "by_Magic", то рассматривать позиции с разными магическими числами отдельно; если "by_Magic_and_Symbol", то рассматривать позиции по разным символам и с разными магическими числами отдельно (это аналогично, как если бы использовать параметр "Close_trades_by_profit_percentage" в каждом эксперте). И ещё одна модель учёта позиций "Select_trades = one_given_magic_and_chart_symbol". При выборе этой модели будут учитываться ТОЛЬКО позиции с магическим номером из параметра "One_given_magic_number" для символа чарта, к которому прикреплена утилита.

Спасибо за развёрнутый ответ! Мой вопрос изначально был связан с возможностью закрытия арбитражной пары при сохранении торговли по другим стратегиям и символам, отличным от арбитражной пары.