Equity Easy Control
- Utilities
- Version: 4.0
- Activations: 7
This Expert Advisor is an assistant used in a strategy that is based specifically on equity. Trading is performed by other Expert Advisors.
When you launch this Expert Advisor on any instrument in MT4, you specify the planned increase in equity. Once the target is reached, the Expert Advisor closes all open orders and pending orders and restarts the cycle using the formula:
Equity₁ + Increase = Equity₂
It then automatically repeats this cycle based on the new equity value.
Example:
Balance and Equity are equal to $100. You start the Expert Advisor. The equity increase is set to $10. When the account equity increases by $10, the Expert Advisor closes all positions and deletes all pending orders.
After closing all positions and deleting all pending orders, the new starting equity will be calculated from the value of $110. The cycle then continues automatically from this new equity level, repeating the process indefinitely.
