Closing Open Positions at Account-Balance Profit or Loss Thresholds

Summary

This document describes an MQL5 expert advisor intended to manage already-open positions by closing them when profit or loss reaches a user-set threshold expressed as a percentage of account balance. It does not generate entries or determine when to trade, so it is an exit and risk-management component rather than a complete strategy.

The text gives no performance results or empirical analysis. It says the logic can be applied across symbols and timeframes and can be combined with other trade-management components, such as position sizing and trailing stops. Those claims are general usage guidance; the document does not specify threshold calibration, handling of multiple positions, execution behavior, or protections against slippage and gaps. Users would need an independent entry method and further rules to define a complete system.

Key ideas

• The advisor closes existing positions when their profit or loss reaches a configured share of account balance.
• It provides no entry signals or market-timing logic.
• It is presented as a risk-management component that can be combined with sizing or trailing-stop tools.
• The document offers no backtest or evidence that the thresholds improve trading outcomes.

Tags

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