CloseAllAtEquityLevel

Does anyone know how to use this Expert?

Can you help me?

More specifics would help.

By the title, it also sounds more like a trade management EA. Steve Hopwood wrote an excellent Multi Purpose Trade Management EA (MPTM). Read its documentation, it'd probably do what you want.

That said:

extern bool EquityStopLoss = TRUE;
extern double EquityPercent = 10.0; //for 10% drawdown

int start(){
   if(EquityStopLoss&&1-AccountEquity()/AccountBalance()>EquityPercent/100){ //if drawdown exceeds 10%
   CloseAll(); //Close all trades
   }
}

void CloseAll(){ //Close all BUY and SELL orders including Pending Orders if any
   bool result=false;
   for(int i=OrdersTotal()-1;i>=0;i--){
      OrderSelect(i,SELECT_BY_POS,MODE_TRADES);
      if(OrderSymbol()==Symbol()&&OrderMagicNumber()==Magic)result=OrderClose(OrderTicket(),OrderLots(),OrderClosePrice(),MaxSlippage*mt,Blue);
      if(result==false){
         Print('CloseAll failed with error#',GetLastError());
         continue;
      }
   }
}

   Raiden posted:
   More specifics would help.

By the title, it also sounds more like a trade management EA. Steve Hopwood wrote an excellent Multi Purpose Trade Management EA (MPTM). Read its documentation, it'd probably do what you want.

That said:

extern bool EquityStopLoss = TRUE;
extern double EquityPercent = 10.0; //for 10% drawdown

int start(){
   if(EquityStopLoss&&1-AccountEquity()/AccountBalance()>EquityPercent/100){ //if drawdown exceeds 10%
   CloseAll(); //Close all trades
   }
}

void CloseAll(){ //Close all BUY and SELL orders including Pending Orders if any
   bool result=false;
   for(int i=OrdersTotal()-1;i>=0;i--){
      OrderSelect(i,SELECT_BY_POS,MODE_TRADES);
      if(OrderSymbol()==Symbol()&&OrderMagicNumber()==Magic)result=OrderClose(OrderTicket(),OrderLots(),OrderClosePrice(),MaxSlippage*mt,Blue);
      if(result==false){
         Print('CloseAll failed with error#',GetLastError());
         continue;
      }
   }
}

Thank you for the answer!

I dont know much about Metaquotes... How can I change the percentage?
If I want that it closes all my operations if the equity reaches 20% decrease... fore example... What Should I do?

I never mentioned Metaquotes.

Google this 'Multi Purpose Trade Management EA'. Read the 1st entry, it should be from forexfactory.com

... sometimes I can sympathise with Steve.

Thank you, but I still do not understand... What do I have to do with what you wrote before?

You could copy that text, open the Meta Editor, and paste that into an EA. (There are two more variables that need to be defined though.)

But you should skip that and just use the Multi Purpose Trade Management EA by Steve Hopwood in the forexfactory.com link.

Whoops, I notice my comments in my CloseAll() function says it closes Pending Orders too but it doesn't. I forgot to update it when I separated it out.

I have a programmer that could do that money management program change for a fee. Hes very good. Most likely would charge form $35 to $75 would be my guess if the prg isnt private or locked.

I've written the EA, you can find it here.

https://raidenworks.com/2012/05/31/drawdown-percent-close-ea/

Dude i would program those lines for ar 5 $
This is one or 2 simple for functions till everything is closed

*Must* suppress urge not to.. feed.. troll....

There are a number of free EAs that can be added to a extra chart to do what you wish, I had my programmer add that function to my last EA.

@ Professor53:

Could you point out the links to them? Would be interesting to check them out.