Maximize Your Trading Strategy: Close Positions by Equity Percentage on MetaTrader 5

Mike 2018.06.19 01:13 23 0 0
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Idea by: adam malik kasang.

MQL5 code by: Vladimir Karputov.

If you're looking to enhance your trading game on MetaTrader 5, you might want to consider using an Expert Advisor (EA) that automatically manages your positions based on equity percentages. This EA is designed to close all your open trades—regardless of the symbol or magic number—once your equity hits a specific ratio compared to your balance.

The beauty of this tool lies in its simplicity. You only need to set one input parameter: Equity Percent From Balance. This lets you define the threshold percentage of your equity that you want to maintain above your balance, helping you keep your trading strategy on track.

Here’s a quick rundown of how it works:

  • Flexible Management: Adjust your trading strategy based on your equity needs.
  • Automatic Closure: The EA takes care of closing trades, so you can focus on strategy.
  • Easy Setup: Just set the equity percentage, and you’re good to go!

This approach not only helps in risk management but also gives you peace of mind while trading. So, if you haven’t already, consider integrating this EA into your MetaTrader 5 setup. It could be a game changer for your trading strategy!

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