Closing a Currency Basket at Net Profit or Loss Limits

Summary

This tool description explains an expert advisor that monitors the combined net profit of a user-selected basket of currency pairs. It closes positions across the monitored pairs when the basket reaches a specified profit target; settings also include a maximum permitted loss. The advisor can be run from any chart, with the chosen instruments monitored regardless of that chart.

Configuration covers the exact, case-sensitive instrument names, the profit and loss thresholds in account currency, allowed slippage on closing orders, and a minimum order age. The default minimum age prevents orders opened within the previous 60 seconds from being closed. The description explains operational controls but gives no entry strategy, testing results, or details on how profit is calculated across positions, so it does not establish the behavior or performance of a complete trading system.

Key ideas

• The advisor monitors net profit across a specified basket of currency pairs.
• It closes monitored positions when the basket reaches the configured profit target.
• A maximum loss threshold, closing slippage, and minimum order age are configurable.
• Instrument names must match the platform's market watch names exactly, including case.
• The description covers exit management but provides no entry logic or performance evidence.

Tags

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