An Account-Level Profit and Loss Threshold Tool for Closing Trades

Summary

This document describes a MetaTrader expert advisor that closes trades when account-currency profit or loss crosses user-defined thresholds. Profit-triggered closing is enabled by default in the listed settings, while loss-triggered closing is disabled by default. Users can choose whether the action applies to the current symbol or all symbols, and whether pending orders should also be removed.

The tool is an order-management utility rather than an entry or exit strategy: it does not explain how to set thresholds or manage exposure across positions. The description says the profit calculation includes commissions and swaps and lists a maximum slippage parameter. It provides no test results or evidence that threshold-based closure improves trading outcomes. Its behavior depends on the chosen scope, enabled triggers, account currency, and execution conditions.

Key ideas

• The expert advisor closes trades after configured account-currency profit or loss thresholds are crossed.
• Profit closure is enabled by default, while loss closure is disabled by default.
• Users can apply closure to the current symbol or across all symbols.
• A setting controls whether pending orders are included.
• The document provides no evidence that threshold closures improve performance.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.