Using a Global Stop Loss and Take Profit Across Open Positions

Summary

This document describes an Expert Advisor that monitors the combined profit or loss across all open positions and closes every position once a predefined threshold is exceeded. In effect, it applies a portfolio-wide stop-loss and take-profit rule rather than placing separate exit thresholds on each trade. The tool also records comments about its actions in a log, which can help users review when it triggered.

The description gives no details about how thresholds are set, which instruments or account types are supported, or how the advisor handles execution delays, slippage, or partial fills. It also provides no test results or performance evidence. A combined threshold can limit aggregate losses or secure aggregate gains, but it does not specify how risk is allocated among positions or guarantee that closing orders will execute at the threshold price.

Key ideas

• The advisor closes all open positions when their combined profit or loss crosses a preset limit.
• Its thresholds apply to the portfolio of positions rather than to each trade separately.
• The advisor logs comments about its actions.
• The document does not explain threshold selection, execution behavior, or tested performance.

Tags

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