close loss positions by deposit currency amount
Info
The close loss positions by deposit currency amount is a Script for MetaTrader 4 that expert advisor closes positions with loss exceeding a specified deposit currency amountthis expert advisor is designed to selectively close trading positions. it identifies and closes only those positions where the unrealized loss, measured in the deposit currency, has surpassed a user-defined threshold.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Script works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Scripts folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use close loss positions by deposit currency amount
1. Installation: Move your script file into the MQL/Scripts directory and restart the platform.
2. Execution: Drag the script onto a chart; it will perform a one-time action, such as closing all open orders or clearing chart objects.
3. Editing: Use MetaEditor (F4) to modify code, click "Compile," and verify no errors appear in the terminal before running.
4. Removing: Scripts stop automatically, but you can remove them manually by right-clicking the chart and choosing "Remove Script."
Frequently Asked Questions
Q: How are scripts different from EAs? A: Scripts execute a single action and then stop; EAs monitor the market and trade continuously.
Q: Can I assign a hotkey to a script? A: Yes, right-click the script in the Navigator, select "Set Hotkey," and define your preferred keyboard shortcut.
Q: Why did my script stop? A: Scripts are designed to stop immediately after finishing their programmed command; this is normal behavior.
What this tool does
expert advisor closes positions with loss exceeding a specified deposit currency amountthis expert advisor is designed to selectively close trading positions.
Typical Use Case
This Script excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Script works on MetaTrader 4. Place the file in the MQL4/Scripts folder and restart the terminal.
Description & Settings
Related: script to close all orders - another powerful script for MetaTrader 4 traders.
expert advisor closes positions with loss exceeding a specified deposit currency amountthis expert advisor is designed to selectively close trading positions. it identifies and closes only those positions where the unrealized loss, measured in the deposit currency, has surpassed a user-defined threshold.
Also recommended: e-move slt pby mouse: intuitive stop loss and take profit management - similar script with strong performance on MetaTrader 4.
control over which positions are closed is managed through several external parameters:
numberaccount
default: 0. specifies the trading account number. if set to 0, the ea can operate on any trading account.
symbol
default: "". defines the trading instrument. accepted values include: "" for any instrument, "0" for the current instrument only, or specific market watch symbols (e.g., eurusd, gbpusd).
operation
default: -1. filters by trade operation type. -1 signifies any operation, 0 for buy operations, and 1 for sell operations.
targetloss
default: 50. the maximum allowable loss in deposit currency before a position is considered for closure.
magicnumber
default: 0. a unique identifier for positions managed by this ea.
showcomment
default: true. if enabled, the ea's external parameter values will be displayed in the comment section of the trade.
this ea was updated in 2026.
You may also like: close all positions by total profit or loss - excellent alternative for script users on MetaTrader 4.
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.