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I'm wondering if it's possible to make a tool which, when equity drops below either a certain value, or beyond a certain % drawdown, then automatic trading could be disabled and all open trades closed as quickly as possible?
I'm using EA's, and they are making the trades, so it would be good to have a tool which would essentially override these robots, by turning off automatic trading in MT4, and then closing all the open trades.
The drawdown amount that triggers this action should be able to be adjusted, and changed.
(To re-enable the system after such an event, it should only be necessary to re-enable automatic trading manually, in MT4).
Thank you for letting me know if you could make it.
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