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EmoGuardian

5

Avoid overtrading, FOMO and compulsive behaviours, by imposing advanced risk limits to your trading account using EmoGuardian.

Automatically add Stop Losses to positions, manage EAs losses, load/unload EAs automatically. Limit the risk per position, per trade, per Time Range, per day.

The risk management options have been developed to specifically tackle emotions and compulsive behaviors that lead traders to blow their accounts. 

Attention: this is a utility and as such it won't work on the strategy tester. EmoGuardian does not work on Netting Accounts (most trading accounts are Hedging account)

Manual and demo vesion here

Attention: this is a utility and as such it won't work on the strategy tester. EmoGuardian does not work on Netting Accounts (most trading accounts are Hedging account)

Unique features:

  • Automatically add stop losses to positions in percentages of the account balance or in pips
  • Kill EAs when risk limits are reached and reload them automatically the next day
  • Create emergency signals to manage EAs that run on VPS servers

Daily Limits

  • Set a minimum/maximum equity level in the account currency
  • Set a max loss/max gain  per day in currency value or in percentage
  • Customize when the day starts

Position Limits

  • Limit the max open volume per position
  • Limit the max daily volume
  • Limit the number of trades per day
  • Impose a maximum number of consecutive losers
  • Impose a max. open risk per trade or per symbol

Limits per Time Ranges

Define up to 3 different time ranges. For each time range you can impose:

  • a max loss in the account currency
  • a max number of trades
  • a break after a limit is hit, during the break trade won't be allowed

    Emoguardian performs advanced consistency checks before allowing the user to load some risk parameters, thus avoiding errors that might cause the immediate flattening of positions. 

    The possibility of error is reduced to zero by extensive checks and error signaling. 

    Every operation done by EmoGuardian to reduce risk exposure is logged in detailed.

    Emo-Guardian is an ongoing project that will grow over time and provide more and more options to manage risk according to your needs. Customers requests and feedbacks will be highly considered and will result in implementations of more features to the EA.

    Reviews 1
    srfinviz
    114
    srfinviz 2023.09.25 17:30 
     

    Good EA, it helps take emotions out of trading. Good seller, always open to feedbacks and respond promptly.

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    Эксперт - торговый помощник, созданный по одноимённой торговой стратегии Оракул в сотрудничестве с ее автором Нео. Определяет на графиках в автоматическом режиме разворотные импульсные модели и строит по ним Вилки Нео - авторский инструмент, позволяющий определять циклы движения цены и указывающий на ожидаемую цель TakeProfit . Поиск ведется на всех заданных периодах графиков одновременно с фильтрацией совпадений. Осуществляется фильтрация неверных Вилок с указанием кода ошибки. Утилита имеет
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    Cerberus Equity Watcher
    Samuel Bandi Roccatello
    5 (2)
    Cerberus the Equity Watcher  is a risk management tool that constantly monitors your account equity and avoid major drawdowns, caused by faulty EAs or by your emotional behaviour if you are a discretional trader. It is extremely useful for systematic traders that rely on EAs that might contain bugs, or that might not performed well in unexpected market conditions.  Cerberus let you set a minimum equity value and (optionally) a  maximum value , if either of those are reached all positioned are f
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    srfinviz
    114
    srfinviz 2023.09.25 17:30 
     

    Good EA, it helps take emotions out of trading. Good seller, always open to feedbacks and respond promptly.

    Reply to review
    Version 2.0 2024.03.19
    Version 2.0 is a big jump forward and some major improvements have been made.

    ADDED FEATURES:
    -Automatic SL in Percetange of Account Balance or in Pips
    -Possibility to reload other EAs after they get "killed" by the limits specified in the Daily Limit tab and in the "Time Ranges Tab".
    -New detailed logging system

    MORE SAFETEY FEATURES:
    -EmoGuardian will not allow to be loaded multiple times on the same platform
    -EmoGuardian will not allow to be loaded on Netting Accounts

    SOME BUG FIXES:
    -Bugs about the Max Daily Loss Volume (Positions tab) has been solved
    -Bugs about the second Time Range has been solved
    -Minor bugs about reporting in the second interface has also been solved
    -Memory consuption has been improved
    -Minor bug about resizing of equities CFDs is now fixed
    Version 1.3 2023.09.26
    The new version prevent installing multiple instances of EmoGuardian on the same mt5 platform. This would result in conflicts.
    If you need to use multiple Emoguardians on the same account, you can do so by using multiple installations of the MT5 platform and install one EmoGuardian for each platform.
    Version 1.2 2023.09.25
    Minor bug fixed: in the "Time Ranges" tab the max n. of trades could not be set to zero. Now this is possible, if max n. of trades in a given time range is zero, after one trade all position will be flattened.