AccountEquity vs. AccountBalance EA or Code?

Quoting Pipologist

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Does anyone know of an EA that will automatically and immediately send market orders to CLOSE ALL positions IF AccountEquity drops below a percentage of AccountBalance and/or if AccountEquity rises above a percentage of AccountBalance? I think this could be useful for a multiple positions management strategy instead of trading with hard static stops or take profits or in conjunction with open stops and takeprofits. I guess what I'm looking for is an EA that's been coded and can be tweaked. Or, the portion of code that will Close all positions (which...

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Quoting Pipologist

Disliked

Thanks, I'll check it out later this weekend. I'm thinking about testing exits based on equity +/- instead of having open stops and TPs. It's a pet peeve of mine when the market trades near stop or tp levels, I don't want anyone to see them, at the same time, I don't want a static price pattern of +/- pips of TP/SL. Other than having variable TP/SLs based on algorithmic movement, I'm thinking it may be interesting for some PA EAs to exit based on equity.

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Quoting chrissfx

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Good morning @ all, i'm looking for an EA like Gumrai did post here. But i would like it with a concret profit/loss - parameter. For example, close all positions when 300$ profit is reached (TP), close all positions when 150$ negative is reached (SL). Gumrai's version works with % of account balance. I've been googeling around, but most of the time the EA's work with percent of equity or having a lot of fancy stuff, a couldn't find this simple but helpful tool. Does anyone have such small tool and can share it, or may change an existing one to this?...

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  extern int mg = some_mgic_number;

  if ((AccountBalance()-AccountEquity()) > 200  ){
    EndSession();
    return(0);
  }

  bool EndSession(){ // This closes ALL orders
    int cnto,total=OrdersTotal(),dummy;
    for(cnto=0;cnto<total;cnto++){
       Sleep(3000);
       dummy = OrderSelect(cnto,SELECT_BY_POS,MODE_TRADES);
       if(OrderSymbol()==Symbol() && OrderMagicNumber()==mg){
         if(OrderType()>1)        dummy = OrderDelete(OrderTicket());
         if(OrderType()==OP_BUY)  dummy = OrderClose(OrderTicket(),OrderLots(),Bid,3);
         if(OrderType()==OP_SELL) dummy = OrderClose(OrderTicket(),OrderLots(),Ask,3);
       }
    }
    return(true);
  }