Equity Guardian for Automated Trading Shutdowns

Summary

The document describes a protective expert advisor that monitors account equity and can close open orders and disable automated trading when a configured threshold is reached. It presents two uses: an equity take profit that halts trading after gains reach a chosen level, and an equity stop loss intended to limit further damage if another expert advisor behaves unexpectedly. The tool is described as attachable to any symbol and timeframe.

This is an operational risk-control mechanism, not a trading strategy: it does not explain how to choose thresholds, size positions, or evaluate performance. The document provides no testing results, execution details, or evidence about how reliably orders are closed or automation is disabled. Traders would need to check how it handles open positions, slippage, platform outages, and equity changes before relying on it, and should treat the stated protection as a configurable safeguard rather than a guarantee against losses or margin calls.

Key ideas

• An equity threshold can trigger closure of open orders and disable automated trading.
• The advisor supports both a take-profit threshold and a stop-loss threshold.
• It is presented as a safeguard for accounts running another automated strategy.
• The document provides no performance evidence or guidance for setting thresholds.

Tags

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