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Gain Guard MT5

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Published: 15 September 2023

Current version: 1.22

Gain Guard MT5

Utilities
Edgar Elsner
Version: 1.22
Updated: 25 April 2024

Gain Guard MT5

secures the profits of all or selected trades on one terminal or on several terminals with the same account number.

The selection can be configured according to Magic numbers and/or symbols, so that the Magic numbers and/or symbols that are not selected remain unconsidered.

What is it useful for?

For example, when several experts trade on one terminal and manual trading also takes place.

Experts have different strategies and SL/TP. In particular, some experts let the trades run relatively far into profit, only to later close with a loss at the Stop loss level as far as there is one set.

The trader can intervene here by overlaying his own profit strategy with that of the experts using Gain Guard MT5 in order to optimize the profit prospects or prevent large drawdowns.

If several experts are working on the terminal, not all of them will usually be in the profitable area at the same time or even have losing trades. Nevertheless, the sum of all open positions can, on average, show an acceptable total profit, so that closing all open positions at the same time already meets the profit expectation of the Trader.

This is particularly achieved with the [BULK] function. The profit/loss of all trades is summarized and the average profit determined is maximized using the virtual profit trailing function. In contrast to a static take profit, the trailing stop is adjusted if the average profit continues to rise.

If the [BULK] function is deactivated, individual trades can be selected according to magic number(s), symbol(s) and long and/or short positions.

Profit trailing is determined with two parameters:

- Minimum percentage of secured profit at trailing start (e.g. 75%)

- Maximum percentage of secured profit if profit continues to increase (e.g. 95%)

The trader can also choose between several trailing modes:

- "Exponential", "Percentage", "Static" and "Disabled"

If Gain Guard MT5 is not needed to be active or should be deactivated for a short time, it can be switched off using the [ON]/[OFF] button without having to deactivate the terminal's "Algo Trading", which then would also deactivate the active experts.

MT4 version is available here: https://www.mql5.com/en/market/product/116470

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Gain Guard MT4 secures the profits of all or selected trades on one terminal or on several terminals with the same account number. The selection can be configured according to Magic numbers and/or symbols, so that the Magic numbers and/or symbols that are not selected remain unconsidered. What is it useful for? For example, when several experts trade on one terminal and manual trading also takes place. Experts have different strategies and SL/TP. In particular, some experts let the trades run

FREE

Triangle patterns are chart formations that signal a possible breakout in either direction. In the case of symmetrical triangles, the probability of a breakout to the upside or downside is about 50%. For more detailed information, I recommend the numerous publications on the Internet on this subject. What is special about this indicator is that it can be integrated into your own MT4 applications, such as scripts, Expert Advisers, etc. using the implemented indicator buffer via the iCustom() func

30 USD

Easy Open and manage your orders and positions – Calculate risk and lot size – Build your expert adviser from the integrated indicators – Trail your profits in various ways Key Features: Virtual Trading Lines: free changeable in any direction to build resistance, support, channels, triangles,… Order Types: Buy, Sell, Buy Limit, Sell Limit, Buy Stop, Sell Stop, OCO, Bracket Order Virtual Profit Trailing Strategies: Static, Percent, Exponential, Scaling up, Scaling down, Fifo, Bulk, Bollinger Ch

49 USD

TRADECOPY CLIENT MT4 Over the years I developed TradeCopy MT4/MT5 for that purposes: I'm running several experts on one and/or different terminals and accounts. The trades opened by those experts, usually will not move straight away into profit zone. Very often they use to pullback more or less before end up in profit (or in loss finally...). To improve the profits and avoid possible drawdowns of trades that have been opened by the accounts that are running the TradeCopy Master MT4/MT

49 USD

Symmetric Triangle Dashboard MT4 is a matrix that was designed to monitor any standard and/or custom indicator as well as symmetrc triangle patterns by any symbol-timeframe combination to be alerted if the desired contition is met. Furthermore by simply clicking on the selected signal, the refering chart becomes opened including the assigned indicator template if there was designed one. In "Custom" mode, user can add any indicator to scan its up to 7 timeframes per symbol to for example, get

49 USD

This indicator was developed by me, based on my experiences during my long term daily trading. It allows to get an excellent and compact overview about the current market situation without to have to monitor multiple charts. The default settings are widely used by traders. For example on sites like forexlive.com: https://www.forexlive.com/technical-analysis Features: The Moving Average Swiss Knife-like indicator for Daytraders Allows to setup of up to seven different MAs (MA and DEMA) to use on

30 USD

Triangle patterns are chart formations that signal a possible breakout in either direction. In the case of symmetrical triangles, the probability of a breakout to the upside or downside is about 50%. For more detailed information, I recommend the numerous publications on the Internet on this subject. What is special about this indicator is that it can be integrated into your own MT5 applications, such as scripts, Expert Advisers, etc. using the implemented indicator buffer via the iCustom() func

30 USD

Symmetric Triangle Dashboard MT5 is a matrix that was designed to monitor any standard and/or custom indicator as well as symmetrc triangle patterns by any symbol-timeframe combination to be alerted if the desired contition is met. Furthermore by simply clicking on the selected signal, the refering chart becomes opened including the assigned indicator template if there was designed one. In "Custom" mode, user can add any indicator to scan its up to 7 timeframes per symbol to for example, get

49 USD

Traders Swiss Knife MT5 operates and manages your trades at your fingertips – auto calculates risk and lot size – builds expert advisers from integrated indicators – trails your profits in various modes. Key Features: Virtual Trading Lines: free changeable in any direction or auto-placed by ZigZag indicator to build resistance, support, channels, triangles, wedges,… Order Types: Buy, Sell, Buy Limit, Sell Limit, Buy Stop, Sell Stop, OCO, Bracket Orders Virtual Profit Trailing Strategies: Stat

49 USD

TRADECOPY CLIENT MT5 Over the years I developed TradeCopy MT4/MT5 for that purposes: I'm running several experts on one and/or different terminals and accounts. The trades opened by those experts, usually will not move straight away into profit zone. Very often they use to pullback more or less before end up in profit (or in loss finally...). To improve the profits and avoid possible drawdowns of trades that have been opened by the accounts that are running the TradeCopy Master MT4/MT5 was

49 USD

Rescue Trader MT5 Rescue Trader isn't a Grid or Martingale Expert as each single trade is protected by fixed stoploss. Adding of new trades to existing trades are always entered on indicator pattern entry and not simple on fixed distances like Grid-/Matingale-Systems usually work. For additional protection, its drawdown recovery algorithmus closes particular trades that are profitable while at the same time closes older loosing trades in the way that in total that bulk closes in profit. Howev

69 USD

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Version 1.22 2024.04.25

- Minor bug fixes

Version 1.21 2024.04.25

- Fixed an issue where in some combinations of magic number/symbol positions in "Bulk" mode became closed that not have been included in the lists of magic numbers and symbols.

Version 1.20 2024.03.07

Minor bug fixes