Equity Protect basic
FREE
Published:
5 April 2024
Current version:
1.6
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i like that you have equity protector, not just drowdown, as for prop firms can be difficult to always calculate all trades how much drowdown can be not to avoid 5% less per day (as i could already lost before some balance), it works great.
careful if you have 20 lots or more, it can be few hundrets € over it...but still great (slippage can be biger on fast spikes). but this is not problem of this utility...
One Question. I want that all trades get closed when i reach the 30% of the equity
In this version i have to type an ammount every day in the expert settings because my equity grows fast
In the pro version can i do this? (percent of equity instead of ammount)
Great tool thankyou
One Question. I want that all trades get closed when i reach the 30% of the equity
In this version i have to type an ammount every day in the expert settings because my equity grows fast
In the pro version can i do this? (percent of equity instead of ammount)
Great tool thankyou
yes, you can do it in the pro version
The Pro version uses a percentage of the account balance to calculate ，i think it's not a problem for you.
The configuration is as follows：
I m using online provider Blue Guardian through monaxa demo, does it work for demo account? and mobile phone app?moo,
yes, it works for demo account ,but not support on mobile phone
Thanks, I m interesting about the Pro version, if I setup on windows, could it stop my trade on mobile app if login the same demo? (To protect when I over trade), anyway, I try this free version to see what happen
It can close orders from anywhere
thanks for this great tool . i attach ea to chart . but i see sad emotion . it is run ? i aee it smile in your exampel . whats wrong with me ?
you can click "run" button to make it run
Max equity means the upper limit of the account equity. It is triggered when the account equity is higher than this value. This is a very special function and most people will not use it. Its current name is equity upper limit, corresponding to equity lower limit. This function is provided in the professional version.
equity protect pro mt5
you can click "run" button to make it run
Max equity means the upper limit of the account equity. It is triggered when the account equity is higher than this value. This is a very special function and most people will not use it. Its current name is equity upper limit, corresponding to equity lower limit. This function is provided in the professional version.
equity protect pro mt5
no i see max equity in the panel of the free version between account equity and equity protect . i should care about it ? or i set only equity protect value and click run and thats it ?
sorry ! I made a mistake
max equity is used to record the historical maximum equity
You don't have to pay attention to it
Hello, it only closes the the orders once it hits the equity limit once, after the loss limit hits, when i place new orders it doesnt close them. why?
Hello, it only closes the the orders once it hits the equity limit once, after the loss limit hits, when i place new orders it doesnt close them. why?
Yes, after the protection is triggered, the current equity value limit is meaningless and you need to reset a new protection value.
Because all EAs have been closed, no new orders will be created. If it continue to close other orders at this time, it will interfere with the user's operations.
HI does the pro version close all open trades AND stop my other ea from opening more trades UNTIL LIMIT IS REFRESHED
once my daily drawdown limit is reached?
HI does the pro version close all open trades and stop my other ea from opening more once my daily drawdown limit is reached?
yes
yes
i was under the impression it was not possible to do this on mt5 ?
you can try the free version , when the limit is reached ,it will close all of your charts(means stop all EAs from open trades), the pro version is the same