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GerFX EA Protection Filter

The EA Protection Filter (MT5 version here) provides a news filter as well as a stock market crash filter, which can be used in combination with other EAs. Therefore, it serves as an additional protective layer for other EAs that do provide such filters. 

During backtest analysis of my own night scalpers, which already use a stock market crash filter, I noticed that the historic drawdown,  especially during stock market crash phases like 2007-2008, was reduced significantly by using such a filter. 

This type filter usually only makes sense in combination with scalpers that want to avoid fast markets, so don't use it on impulse/price action strategies! 

Also, there is no guarantee that using this filter will be more profitable compared to the normal trading. 


How it works:


In MT4 an EA is not allowed to modify other EAs for safety reasons. However, it is possible to close and re-open charts, which can be used to turn on/off other EAs. 

The EA will also be able to close existing open positions or pending orders based on the given magic numbers or comments you provide as input. 


Important notes:


- Chart open/close operations can fail with internal errors, especially if the CPU is not strong enough or if there is high CPU demand. Therefore there is no guarnatee for this solution to work continually. 

- Please test the filter on DEMO account first!

- Open an M1 chart for the stock market symbol (for example US500) before starting the filter to force MT4 to load the historic data. 

- First arrange all charts and EAs that you want to use in combination with this protection filter. Then save the profile in case something goes wrong: File -> Profile -> Save As...

- Please allow requests to http://fxdata.cc and http://backup.fxdata.cc.

- Attach this EA to a new chart of any symbol after (!) all other EAs are loaded.

- Before you close the MT4 or remove the EA press the button on the chart "Turn filter OFF (opens all charts)" to re-open all charts. Else it will not remember closed charts. 

- It cannot be guaranteed that the other EAs are compatible with this filter. Make sure that the EAs are ok with being removed and initialized possibly multiple times a day ( best ask the developer). 

- Charts can only be filtered by symbol/timeframe, but open trades only by magic/comment. So you have to find a combination that makes sense for your EAs. 


Parameters:

Please read this blog post for a detailed description of additional parameters. 
  • includeTimeFrames  - a comma separated list of time frames that should be monitored. For example, if you have non-scalpers on H1 that should not be closed, delete H1 from this list. 
  • excludeSymbols -a  comma separated list of symbols that should be excluded (if you have other EAs that should not use this filter)
  • magicNumbersToCloseOpenPositions - a comma separated list of magic numbers, for which positions should be closed
  • commentsToClosePositionsExact - a comma separated list of comments, for which positions should be closed (exact match)
  • commentsToClosePositionsIncluding - same as the last parameter, but here the comment only has to be included, not an exact match
  • sleepSecondsBetweenChartOpen - to avoid terminal overload
  • filePrefix - name for the saved template files
  • debugMode - more information in Expert log

  • signalSymbol - symbol for the SP500 on your broker
  • maxPercentageChange - the maximum allowed percentage change for the stock filter to trigger
  • lookbackHours - period of the stock market movement
  • minimumKeepClosedMinutesStockFilter - minimum time to keep the chart closed after stock market filter triggered 

  • closeMinutesBeforeEvents - minutes before events when charts and positions will be closed
  • pauseMinutesAfter... - minutes after events for which the charts will be kept closed
  • minimumKeepClosedMinutesNews - minimum time to keep the chart closed after news filter triggered
  • useBreakingNewsFilterSignals - If you have the breaking news filter, its signals can be used. It works only within start/end hour of the normal news filter!

  • startHourGMTwinter - start hour for the stock market filter. In summer all times will be automatically shifted 1 hour. 
  • endHourGMTwinter - end hour for the stock market filter
  • startHourGMTwinterNews - start hour for the news filter
  • endHourGMTwinterNews - end hour for the news filter


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Dmytro Kolesnyk
5 (1)
PROTECT YOUR FTMO Account in a simplest way Must-Have Account Protector for any Prop-trading Account and Challenge MT4 Expert Advisor that protects your Forex Prop Trading account from an unexpected drawdown! FTMO Protector  is a MetaTrader Expert Advisor that lets you manage trades and control your profit and loss across multiple Robots and currency pairs using a simple parameters and settings. Use as many EAs and Instruments you need, the Protector will: 1.   Calculate your midnight E
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EA Robo verfügt über alle Konfigurationsfunktionen, um der umfassendste Roboter auf dem Markt zu sein und gibt dem professionellen Händler die notwendigen Ressourcen, um seine Betriebsstrategie zu 100% robotergesteuert zu entwerfen und zu implementieren. Im Folgenden sind einige der vorhandenen Ressourcen aufgeführt: - Option, Martingale zu verwenden oder nicht. - Bei Verwendung stehen 50 Stufen zur Verfügung, davon 10 mit vorprogrammierten Einstellungen - 10 vorprogrammierte Multiplika
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UNI pump lot Exclusive
Mr Thiti Chunsangsook
Demo version can't run !!!!!!  run test 31/03/2022 10000Cent / 1 lot >>>Make  Profit 6550 , 200 lot  Ea can't backtest ( run many currency ) !!! No martingale  !!! Auto Open 2 Currency with corelation !!! many lot , more lot with many order ( 0.01 / 1 week =2lot  200 order) High Risk 100 dollar : 0.01 lot Medium Risk  500 dollar : 0.01 lot Low Risk  1000 dollar : 0. 01 lot Setup to Easy ***** Set lot and run Ea  on One Chart **** Enjoy   The robot is designed to issue orders in two p
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Sevgi Hilal Kilic
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Salvatore Labriola
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Version 6.2 2022.11.12
A bug was corrected which could happen with settings that allowed the news filter to close positions, but not charts.
Version 6.1 2022.09.12
A bug was fixed which lead to printing of confusing messages during the weekend when using checkDuringWeekends=true.
Version 6.0 2022.05.06
- Small changes to reduce interference of parameters for opening of charts during the weekend.
- Added parameter resetStockTriggerSaturday. If true, it will reset the stock trigger variable on Saturday, regardless of other settings.
Version 5.8 2022.01.24
- Added parameter waitForCrashTriggerGoneOutsideHours. If true and the crash filter triggered during the active hours, it will wait until the stock market filter does not trigger anymore, even if that time is outside of the active hours defined in the settings.
- Added parameter extendCrashEndTimeOnEveryNewTrigger. If true, it will extend the crash trigger end time each time the trigger occurs again.
- Added parameters startMinute, endMinute, startMinuteNews, endMinuteNews, startMinuteNewsCharts, endMinuteNewsCharts making it possible to define more precise time windows.
Version 5.7 2021.04.14
- Corrected a bug in useBreakingNewsFilterSignals, which would prevented the option "close losses" from working correctly.
Version 5.6 2021.03.04
Modified closePositionsBeforeCharts so that it now has three options. If closePositionsBeforeCharts=Always is used, it will always to try first close positions, then charts. This can lead to problems if your EA opens positions again before the chart is closed.

Also keep in mind that waitMinutesBetweenClosePositionAttempts will be checked, so that if there are umonitore open positions, they won't be allowed to be closed for the given period.
Version 5.5 2021.01.12
- Changed variable useBreakingNewsFilterSignals and added breakingNewsLossPoints. With these variables the EAPF can be set to close positions after breaking news signal only if they are negative more than X points.
- Added checkDuringWeekends. If false, it would not run checks during the weekend (for example for chart opening after Friday close).
- Changed news filter solution to be consistent with my other products.