Auto Close Manager Equity Protection EA: Automatically protect profits and limit losses on MT5

This review of Auto Close Manager Equity Protection EA provides a 2026 performance analysis informed by feature testing, documentation review, and user feedback. The utility focuses exclusively on position management: it monitors aggregated floating profit and loss and executes closes when predefined equity targets or maximum floating losses are reached. Ademir Basso, the developer, markets the product at $50 on the MT5 platform with a 4.5/5 rating from 100 reviews, which aligns with feedback emphasizing reliability and simplicity. What makes Auto Close Manager Equity Protection EA unique is its single-purpose design. Unlike full trading systems, it does not attempt to predict markets or generate entries. The algorithm continuously sums unrealized P&L across an account or symbol and compares that value to configured thresholds. When those levels are crossed, the EA issues close commands for all relevant positions. This design reduces decision complexity and minimizes interference with entry strategies handled by other EAs or manual traders. In practical use the Auto Close Manager Equity Protection EA handles trending and range-bound conditions well because it reacts to account-level exposure rather than individual trade signals. The expected performance characteristic is not increased win rate, but improved equity preservation: fewer deep drawdowns and automatic profit capture when targets are met. Performance varies with threshold settings, trade size, and broker execution, so realistic expectations require backtesting and live-demo verification on MT5.