Risk managment in EAs (limit the EA lose per period)
Hi!
There is no very simple code for this feature because it requires regular analysis of the Trade History separately for each EA
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- General - MQL5 programming forum
2018.05.12
words are relevant to this case:
Before opening a new position, sum the closed positions profits for your specific period and test it.
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words are not relevant to this case:
Show us your attempt (using the CODE button) and state the nature of your problem.
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2018.05.12
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Hi!
I'm trying to build a system with multiple EAs and want to limit the loss that every EA can perform in a specific period of time.
Let say I want to limit an EA to lose up to 1% of the account balance in a single month (if the EA loses already 1% of the account balance, it will not be able to open new trades until the next month and so on).
There is an option to add a simple code to an existing EA and limit its optional loss it can make every month?
Hope there is a simple solution for this issue :)