Kalifx Equity Guard EA

Kalifx Equity Guard — Account Protection Utility (MT4)


Kalifx Equity Guard is a MetaTrader 4 utility that monitors account equity and floating losses and closes open positions when predefined risk limits are reached. It operates independently of trade entry logic and works with both manual trades and Expert Advisors.

The utility runs continuously in the background after being attached to any chart and timeframe.

Main Functions

  • Monitors account equity drawdown using percentage or monetary thresholds

  • Monitors floating losses using percentage or monetary thresholds

  • Closes open trades automatically when limits are reached

  • Works with manual trades and Expert Advisors

  • Optional on-chart status panel


Input Parameters

EnableEquityProtection

Turns equity protection on or off.
If enabled, the EA will monitor your account equity and act when limits are reached.

MaxEquityDrawdownPercent

The maximum percentage loss from your highest account equity allowed before all trades are closed.

Example:
If set to 10 , trades will close when equity drops 10% from its peak.

MaxEquityDrawdownMoney

The maximum money loss (in your account currency) allowed from peak equity before trades are closed.

Example:
If set to 100 , trades will close when equity drops by $100.

EnableFloatingLossProtection

Turns floating loss protection on or off.
This monitors unrealized losses on open trades.

MaxFloatingLossPercent

The maximum floating loss percentage of your account balance allowed before trades are closed.

Example:
If set to 5 , trades close when floating loss reaches 5% of balance.

MaxFloatingLossMoney

The maximum floating loss in money allowed before trades are closed.

Example:
If set to 50 , trades close when open losses reach $50.

CloseAllTradesOnTrigger

If enabled, all open trades will be closed immediately when any protection rule is hit.

ShowPanel

Shows or hides the on-chart information panel displaying equity and protection status.

Operating Logic

Attach the utility to any chart and timeframe. Once running, it monitors equity and floating losses in real time. When any configured protection threshold is reached, open positions are closed according to the selected settings. The utility does not open trades and does not interfere with strategy execution.

Technical Notes

  • Compatible with all Expert Advisors and manual trades

  • No external DLLs or internet access required

  • Runs entirely within MT4’s native environment

Support
Support is provided via the product comments section and the MQL5 private messaging system.


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KEENBASE SOFTWARE SOLUTIONS
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