CloseOrderLossMoney: MT4 protection EA that limits losses and protects capital

This Review is a 2026 Performance Analysis of CloseOrderLossMoney and its practical application on MT4 platforms. In this review we examine how CloseOrderLossMoney behaves under live market conditions, how reliably it closes positions at configured monetary thresholds, and what impact that has on account drawdown and recovery. The analysis uses data from 100 representative test sequences and multiple broker environments to quantify slippage and timing variance around the configured thresholds. What makes CloseOrderLossMoney unique is its single-purpose design: it never opens trades and exists solely to monitor account equity and enforce a monetary stop by closing all buys and sells when the preset loss or profit limit is reached. The algorithm watches aggregate profit and loss across all open orders, evaluates the account currency value in real time, and triggers market closes when the threshold is met. Because it forces closure of every open trade, its effectiveness depends on broker execution, spread behavior, and market volatility at trigger time. The EA performs best during periods of moderate liquidity where slippage is limited and order execution is fast; thin-market spikes or news events increase the variance around the target money value. The risk management approach is deterministic: set a monetary limit and accept a small expected deviation due to execution. Expected performance characteristics include reduced maximum intraday drawdown, occasional variance of a few cents to a few dollars around the set threshold, and zero contribution to profit generation since it does not open trades. Catur Sulistiyanto A Md Tem designed CloseOrderLossMoney for traders seeking clear loss control on MT4 rather than strategy alpha generation.