A Close All Switch For MT4 & MT5 When Certain Account Equity Hit | Forex Factory

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A Close All Switch For MT4 & MT5 When Certain Account Equity Hit

  • #1
  • First Post: Jul 29, 2025 7:09am Jul 29, 2025 7:09am
How are you all

I am looking for a Close All Switch For MT4 & MT5 When Certain Account Equity Reached.

Example an On Screen Switch Preferably:

Account Equity: 50 [Base Currency of account]

So if Equity Crosses 50 Close all trades.

Thats it.
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  • #2
  • Jul 29, 2025 7:23am Jul 29, 2025 7:23am
Quoting HusainAbbas
How are you all I am looking for a Close All Switch For MT4 & MT5 When Certain Account Equity Reached. Example an On Screen Switch Preferably: Account Equity: 50 [Base Currency of account] So if Equity Crosses 50 Close all trades. Thats it.
So, you want a Button on screen to close trades instead of clicking the " X " and just close the trade?



You might experiment with any of these EA's in the Codebase.
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  • #3
  • Jul 29, 2025 7:30am Jul 29, 2025 7:30am
If you want to do it manually, use a Script - try any of these, something must work just the way you want it.
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  • #4
  • Jul 29, 2025 8:06am Jul 29, 2025 8:06am
Quoting Erebus
{quote} So, you want a Button on screen to close trades instead of clicking the " X " and just close the trade? You might experiment with any of these EA's in the Codebase. {image}
Hahaha Nice One Yeah I can look it up in Market for Free EAs Or Scripts that does this. However if anybody had a Nice EXQUISITE TYPE of ONSCREEN BUTTON little bit home made and USERFREINDLY would do.it. Just MT4 or MT5 Model with EQUITY REACHING "X" CLOSE ALL.
If not I will DOWNLOAD one of the freebies from OnTerminal MT5 and MT4. I know there are plenty However I was looking for a FF TOUCH one as there are very good and solid experienced programmers here that can do extrterrestrial things.
Prop Firm - TripleXXX 10% Target All Time Return: 10.2%
  • #5
  • Jul 29, 2025 8:19am Jul 29, 2025 8:19am
Quoting HusainAbbas
{quote} Hahaha Nice One Yeah I can look it up in Market for Free EAs Or Scripts that does this. However if anybody had a Nice EXQUISITE TYPE of ONSCREEN BUTTON little bit home made and USERFREINDLY would do.it. Just MT4 or MT5 Model with EQUITY REACHING "X" CLOSE ALL. If not I will DOWNLOAD one of the freebies from OnTerminal MT5 and MT4. I know there are plenty However I was looking for a FF TOUCH one as there are very good and solid experienced programmers here that can do extrterrestrial things.
Good luck with that, you see, your request is so confusing, you want a manual Button, so that means you must be at the screen observing the account balance, then you want to close at a certain Equity, which is exactly what many EA's already do automatically, you don't need to be there.

As I said, I'm confused what you want, or maybe the exact purpose of it apart from maybe looking pretty for you, so I'm done.

No need to re-invent the wheel as the saying goes, but let's see who offers help.

MAY THE TREND BE WITH YOU
  • #6
  • Jul 29, 2025 8:20am Jul 29, 2025 8:20am
Quoting HusainAbbas
How are you all I am looking for a Close All Switch For MT4 & MT5 When Certain Account Equity Reached. Example an On Screen Switch Preferably: Account Equity: 50 [Base Currency of account] So if Equity Crosses 50 Close all trades. Thats it.
You may use my AccountGuard (https://github.com/rosasurfer/mt4-mql-framework/blob/master/mql40/experts/tools/Account%20Guard.mq4). You can enter a percentage or absolute value of drawdown. When triggered it will close all open positions and pending orders and block the account until the next day. If you try to enter a new order before the end of day it will be immediately deleted or closed.

Only MT4 is supported. If interested I will upload a compiled version.
It takes blood, sweat and enough tears to wash away the blood.
  • #7
  • Jul 29, 2025 8:21am Jul 29, 2025 8:21am
Quoting HusainAbbas
I am looking for a Close All Switch For MT4 & MT5 When Certain Account Equity Reached. Example an On Screen Switch Preferably: Account Equity: 50 [Base Currency of account] So if Equity Crosses 50 Close all trades.
Have you asked A.I. ??
If you find one that is close, you could ask AI to modify it to your liking.

Perplexity says:
You can indeed automate the process of closing all trades on MT4 and MT5 when your account equity reaches a specific value (e.g., 50 in your base currency). Several solutions exist for your needs, including scripts, Expert Advisors (EAs), and utilities—some even with on-screen controls and customizable thresholds.
Ready-Made Solutions

  1. MT4/MT5 Free Utilities & EAs

    1. There are utilities like "Close All When Equity MT4" and "Equity Closer" for MT5, which automatically monitor your account equity and close all trades once a preset target is reached. These tools allow you to set an absolute equity value, so as soon as your account equity rises above or falls below your desired threshold, all trades will be closed automatically


  1. .
  2. These EAs often let you:

    1. Specify the equity value (e.g., 50).
    2. Decide if you want to close on crossing above or below the threshold.
    3. Get notifications (e.g., to your mobile app) when the action triggers


      1. .



  4. Account Protector Tools

    1. The "Account Protector" EA can close all open positions once account equity increases by a set amount or percentage. This kind of tool is robust and used by prop traders to enforce drawdown or profit limits


    1. .


  6. Placing Your Solution On-Screen

    1. Many of these EAs and utilities provide a panel or on-screen switch for manual override or quick adjustment. Look for descriptions mentioning "on-screen control" or "hot button," or choose a tool that offers a graphical panel for setting/changing the equity target in real time


    1. .


How to Use

  1. Download the Tool

    1. For MT4: Search for utilities like "Close All When Equity MT4".
    2. For MT5: Look up "Equity Closer" or similar EAs.


  2. Install on Your Platform

    1. Copy the EA or script into your platform’s Experts or Scripts folder.


  3. Attach to Any Chart

    1. Set your desired equity threshold (e.g., 50).
    2. If available, enable on-screen controls or notification features.


  4. The Tool Watches Equity

    1. When equity crosses your specified value, it closes all open positions automatically.


Example Solutions

  1. MT4/MT5:

    1. [Close All When Equity MT4]


  1. [Equity Closer for MT5]

Account-specific "Orders on Equity" trading tool for advanced needs

    1. .


  2. Custom Option

    1. If you wish to create your own, you can utilize MQL4/MQL5 code snippets that monitor AccountEquity()/AccountInfoDouble(ACCOUNT_EQUITY) and trigger a close-all when the value is reached—many code samples and tutorials are available on trading forums


    1. .


Important Notes

  1. Make sure to test any EA/script on a demo account before using it with live funds.
  2. Most utilities are customizable for both profit (equity above) and loss (equity below) thresholds.
  3. Many will work for both manually and automatically placed trades.

This approach suits both prop trading and strict personal risk management. For on-screen switches specifically, choose tools that mention panel or GUI operation, or ask the developer for one with visual controls.
With these solutions, you can automate trade closures exactly when your chosen equity limit is reached, minimizing manual intervention and emotionaltional decision-making

  • #8
  • Jul 29, 2025 9:21am Jul 29, 2025 9:21am
If you search for "equity kill switch" on the MQL5 market, there are many. I have not used any however, so I can't comment on how well they work.
  • #9
  • Jul 29, 2025 9:30am Jul 29, 2025 9:30am
Quoting Price
{quote} Have you asked A.I. ?? If you find one that is close, you could ask AI to modify it to your liking. Perplexity says: You can indeed automate the process of closing all trades on MT4 and MT5 when your account equity reaches a specific value (e.g., 50 in your base currency). Several solutions exist for your needs, including scripts, Expert Advisors (EAs), and utilities—some even with on-screen controls and customizable thresholds. Ready-Made Solutions MT4/MT5 Free Utilities & EAs There are utilities like "Close All When Equity MT4" and "Equity...
Nice I will check out A.I. Actually I have some time constraints so I was looking for .mq4 or.mq5. Anyway I know the MT4 & MT5 Switch is available in free downloads EA in both MT4 and MT5.
Prop Firm - TripleXXX 10% Target All Time Return: 10.2%
  • #10
  • Jul 29, 2025 9:32am Jul 29, 2025 9:32am
Quoting FBarthez16
If you search for "equity kill switch" on the MQL5 market, there are many. I have not used any however, so I can't comment on how well they work.
Yeah I know that. However I am looking for .mq4 or .mq5 for little modification to suit needs. Sometimes the freebies dont work at critical times in trading. So I have noticed that before too so thats why I wanted to acquire a .mq4 and or .mq5 so that I can get it modified as per my specifications to suit my needs.
Prop Firm - TripleXXX 10% Target All Time Return: 10.2%
  • #11
  • Jul 29, 2025 9:43am Jul 29, 2025 9:43am
Quoting emmzett
{quote} You may use my AccountGuard (https://github.com/rosasurfer/mt4-mql-framework/blob/master/mql40/experts/tools/Account%20Guard.mq4). You can enter a percentage or absolute value of drawdown. When triggered it will close all open positions and pending orders and block the account until the next day. If you try to enter a new order before the end of day it will be immediately deleted or closed. Only MT4 is supported. If interested I will upload a compiled version.
I wanted to clarify the DrawdownLimit option. It says Either an absolute money amount or a percentage value.

> I need only Absolute Money Amount

> If inputted for example $50 Close all at $50 that is positive equity value And if - value close at at -negative

So can this be achieved with Equity Guard. That is all I need. No other option keeping it simple. And can you give MT5 Version too.
Prop Firm - TripleXXX 10% Target All Time Return: 10.2%
  • #12
  • Jul 29, 2025 10:03am Jul 29, 2025 10:03am
Quoting HusainAbbas
{quote} I am looking for .mq4 or .mq5 for little modification to suit needs....
Send AI a free one that is close to what you want
Ask the AI, "What does this mt4/5 indi do?"

This gives you a pro detailed explanation.
Then, make small modifications, ask for complete code and no other changes

It might take a few tries, and if it gets it all messed up...... start over.
  • #13
  • Jul 31, 2025 9:30pm Jul 31, 2025 9:30pm
Quoting HusainAbbas
{quote} So can this be achieved with Equity Guard. And can you give MT5 Version too.
I seriously doubt that you know how to search within the Market right there in MT5, or on the website?

Or maybe you just need everything handed to you?

Learn to use the tools you have.
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No need to re-invent the wheel.
MAY THE TREND BE WITH YOU
  • #14
  • Last Post: Edited 9:52pm Jul 31, 2025 9:40pm | Edited 9:52pm
You could even try this: it's recent, by the same author, look at the features, and it's -

FREE
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Got me interested in it now...
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