Exp_GTakeProfit_Tm
Exp_GTakeProfit_Tm is an Expert Advisor utility that manages open positions by applying a group take-profit mechanism with time-based filtering. It monitors a portfolio of trades and closes all managed positions when the cumulative profit of the group reaches a specified target threshold, with optional time window restrictions for activation.
Open the interactive view (equity curve, symbol switch)Key facts
Backtest results (H1, about 1 year)
Not backtested yet — this EA could not be converted automatically.
Strategy analysis
This EA is a position management utility rather than an independent trading strategy. Its core concept is Group Take Profit, which closes all managed positions simultaneously when the cumulative floating profit of a designated group reaches a user-defined target. Entry conditions are not applicable since this EA does not open positions on its own but rather manages externally opened positions. Exit conditions trigger when the group's total profit hits the TakeProfit parameter threshold, or when operations fall outside the user-specified time window. Position management involves filtering positions by MagicNumber and symbol to select which positions belong to the managed group. Money management is handled through a fixed-amount group take-profit target, ensuring that overall portfolio gains are locked in once the cumulative threshold is met. The time filtering feature allows users to restrict the EA's active operation to specific trading sessions, preventing unnecessary actions during inactive periods. The EA may also support exclusion of certain positions or conditional filtering for more granular control over the managed position group.
Strengths
- Group take-profit mechanism effectively locks in overall portfolio gains, preventing individual profitable positions from being eroded by other losing positions
- Time window filtering avoids unintended closures during low-liquidity or high-volatility periods
- Magic number and symbol filtering provides flexible management of position groups from different strategies, suitable for multi-strategy parallel execution
Weaknesses
- As a utility EA it contains no independent trading signals and relies entirely on external positions, making it meaningless when used alone
- Group take-profit without a group stop-loss means there is no protection if the overall portfolio continues to lose, potentially causing significant losses
- Time window restrictions may prevent closure when the window ends before the profit target is reached, potentially missing optimal exit opportunities
Possible improvements
- Add a group stop-loss feature that automatically closes all positions when the cumulative loss reaches a defined threshold, providing downside protection
- Add a real-time dashboard and notification system for group profit monitoring, making it easier to track the managed portfolio status
Risk assessment
Overall risk: Medium
- Lack of group stop-loss mechanism means no automatic protection when the portfolio is in loss
- Time window restrictions may prevent closure operations outside the designated hours, even when favorable
Evaluation scores
Parameters
| Parameter | Default | Description |
|---|---|---|
TakeProfit | 100 | Group take profit target amount (in currency) |
Magic | 0 | Magic number filter, 0 means manage all manual positions |
TimeStart | 00:00 | EA activation time window start |
TimeEnd | 24:00 | EA activation time window end |
OnlyProfit | true | Whether to close positions only when group is profitable |
OnlyCurrentSymbol | false | Whether to manage positions of current symbol only |
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Backtests are historical simulations and do not guarantee future results. Not financial advice.