Close at Profit / Loss — EA for MetaTrader 5

Version: 1.10
Platform: MetaTrader 5
Type: Expert Advisor (utility)
Symbol: any
Timeframe: any

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Description

A utility Expert Advisor that automatically closes all open positions (and optionally pending orders) when a defined profit or loss threshold is reached — across the current symbol or all symbols simultaneously.

Designed for traders who want a simple, reliable account-level safety net without manual intervention. Key features:

• unified CloseAll() logic with configurable symbol scope and pending order handling
• dynamic profit/loss color coding on the info panel (green / red)
• panel displays active TP and SL thresholds at a glance
• aligned two-column panel layout with visual separators
• proper cleanup of all panel objects on OnDeinit()
• ChartRedraw() called after each panel update

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Parameters

Parameter	Default	Description
useProfitToClose	true	Enable closing at profit threshold
profitToClose	200	Profit threshold in account currency ($)
useLossToClose	false	Enable closing at loss threshold
lossToClose	100	Loss threshold in account currency ($)
AllSymbols	false	Apply to all symbols (true) or current symbol only (false)
PendingOrders	true	Also delete pending orders when closing
MaxSlippage	3	Maximum allowed slippage in pips
showMenu	true	Display the info panel on chart
menuColor	LightSteelBlue	Panel header color
valueColor	Teal	Panel value color (neutral)
profitColor	LimeGreen	Panel value color when in profit
lossColor	Tomato	Panel value color when at a loss
fontSize	10	Panel font size
Magic	-1	Magic number filter (-1 = all EAs)
PanelX	10	Panel X offset (px)
PanelY	20	Panel Y offset (px)
PanelCorner	CORNER_LEFT_UPPER	Panel anchor corner

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Info Panel

The on-chart panel shows in real time:

Close at Profit / Loss
--------------------------------
Positions  (S / B):      2 / 1
Lots       (S / B):   0.10 / 0.20
Profit     (S / B):  -12.50 / 34.80
--------------------------------
Take Profit:          200.00 $
Stop Loss:            disabled

The profit row changes color dynamically: green when the combined P&L is positive, red when negative.

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How It Works

On every tick the EA:

1. Calculates the combined floating P&L (profit + swap) of all matching positions.
2. If P&L exceeds profitToClose → closes all matching positions (and optionally pending orders).
3. If P&L drops below -lossToClose → same action.
4. If a close attempt fails, it retries on the next tick until successful.

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Installation

1. Copy _Close_at_PRofit.mq5 to MQL5/Experts/.
2. Compile in MetaEditor (F7) — should produce zero errors/warnings.
3. Attach to any chart. The EA does not open positions on its own.
4. Configure profitToClose / lossToClose to match your risk management rules.

Tip: Set Magic = -1 to manage all positions regardless of which EA opened them, or enter a specific magic number to manage only one strategy's trades.

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Changelog

Version	Date	Changes
1.10	2025	Unified CloseAll(), dynamic P&L color, TP/SL rows on panel, ChartRedraw(), proper OnDeinit() cleanup
1.00	2025	Initial release

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License

© 2025 sunokfx

Published for free use. Redistribution with attribution permitted.