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CAP Equity Guard EA MT5

1

CAP Equity Guard EA MT5 is a risk management tool designed to monitor the equity of your trading account in real-time and take predefined actions when equity thresholds are reached. It is particularly useful for traders and money managers seeking automated protection against excessive drawdowns or equity fluctuations.

This EA can perform various automated actions such as closing trades, deleting pending orders, or pausing external EAs once specified equity conditions are met. It also supports restart recovery and provides optional alert notifications.


Key Features

  • Monitors entire account equity, not just single trades.

  • Works independently or alongside other EAs.

  • Automatically closes trades or removes external EAs upon equity triggers.

  • Restores functionality after terminal restarts using global variables.

  • Visual panel and alert system for real-time monitoring.


How It Works

When attached to a chart, the EA monitors equity changes. You can configure it to take action when a defined profit or loss level is reached — in currency or percentage. The EA maintains a record of your equity level using a global variable, which allows it to resume correctly after a terminal or VPS restart.

Example Use Case:

  • Starting equity: 1000

  • Trigger type: P. in currency

  • Trigger value: 5
    → When equity reaches 1005, all open trades are closed, and 1005 becomes the new reference point. This cycle repeats based on new equity changes.


Input Parameters


EA Configurations

  • Stop EA – If true , the EA will stop all operations.

  • Profit Type – Choose In Currency or In Percent .

  • Profit Value – Value in currency or % based on your selection.

  • Loss Type – Choose In Currency or In Percent .

  • Loss Value – Value in currency or % based on your selection.


Trigger Actions

  • Close All Open Trades – Close trades when condition is met.

  • Delete Pending Orders – Delete all pending orders on trigger.

  • Disable External EA – Remove other EA(s) from charts.

  • EA Stop After Trigger – Choose how long the EA pauses after trigger:

    • None – EA continues running.

    • Stop for X Minutes

    • Stop for the Day

    • Stop Until Manually Reset

  • X_Minute – Number of minutes to pause when selected.

  • External_Chart_ID – Chart IDs to manage external EAs (comma-separated).

  • Template_Remove_Name – Template names to remove on trigger.

  • Restore External EA – Restore previously removed EAs.

  • Template_Restore_Name – Templates to apply when restoring EAs.


Notification Settings

  • Enable Pop-Up Alerts

  • Enable Sound Alerts

  • Send Email Alerts

  • Send Mobile Notifications

Best Practices

  • Attach the EA when there are no active trades.

  • Avoid depositing or withdrawing funds during active trades. Doing so may affect the equity calculation logic. If a deposit or withdrawal is necessary:

    1. Pause the EA using Stop EA .

    2. Perform your deposit/withdrawal.

    3. Manually adjust the recorded equity value via the input.

    4. Restart the EA.


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Author

Mohammad Ali, technical analyst and speculator, software engineer and founder of MEETALGO LLC.‌


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MEETALGO LLC
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CAP Stochastic EA Pro MT5 trades using the Stochastic Indicator. It offers many customizable Stochastic trading scenarios and flexible position management settings, plus many useful features like customizable trading sessions, a martingale and inverse martingale mode. [  Installation Guide  |  Update Guide  |  Submit Your Problem  |  All Products  ] Before buy Pro version? You can buy alternation pro version, our powerfull EA,   CAP Strategy Builder EA .  This is strategy builder EA. It product
The   MeetAlgo Candle Patterns EA MT4   is a powerful, fully automated Expert Advisor designed to detect and trade dozens of high-probability candlestick patterns—used by professional traders for decades to spot key market reversals and momentum shifts. With advanced filtering, trend-following logic, and customizable entry parameters, this EA turns classical price action into algorithmic precision. Whether you’re a seasoned trader or new to algorithmic systems, the Candle Patterns EA gives you f
CAP Zone Recovery EA PRO
MEETALGO LLC
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CAP Moving Average Pro EA  trades using the Moving Averages Indicator. It offers many customizable Moving Averages trading scenarios and flexible position management settings, plus many useful features like customizable trading sessions, a martingale and inverse martingale mode. [   Installation Guide  |  Update Guide  |  Submit Your Problem  |  FAQ  |  All Products  ] Before buy Pro version? You can buy alternation pro version, our powerfull EA,   CAP Strategy Builder EA .  This is strategy bu
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MEETALGO LLC
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MEETALGO LLC
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CAP Equity Guard EA
MEETALGO LLC
5 (3)
CAP Equity Guard EA is a risk management tool designed to monitor the equity of your trading account in real-time and take predefined actions when equity thresholds are reached. It is particularly useful for traders and money managers seeking automated protection against excessive drawdowns or equity fluctuations. This EA can perform various automated actions such as closing trades, deleting pending orders, or pausing external EAs once specified equity conditions are met. It also supports resta
MeetAlgo Zone Recovery Manual EA MT5 is a specialized version of our flagship product, Zone Recovery EA PRO. While both EAs are built upon the powerful Zone Recovery Algorithm, this version introduces a major enhancement: the ability to manage multiple manual trades individually on the same symbol. Turn Losing Trades into Winning Ones – Now with Individual Trade Control This EA is ideal for traders who open multiple manual positions and want each trade to be managed independently, without interf
CAP Trade Pad EA
MEETALGO LLC
4.8 (15)
Trade easily from the chart with   CAP Trade Pad EA . It handles risk management for you and can perform several useful tasks with your existing trades. Trade easily from the chart Trade with precise risk management hassle free Set your desired stop loss and take profit levels Close all existing trades with a single click Delete all pending orders with a single click Reap partial profits with a single click It has no input parameters How to Use Please Read this blog -   Details Information in o
FREE
MeetAlgo Bollinger Bands EA Pro trades using the Bollinger Bands Indicator. It offers many customizable Bollinger Bands trading scenarios and flexible position management settings, plus many useful features like customizable trading sessions, a martingale and inverse martingale mode. [  Installation Guide  |  Update Guide  |  Submit Your Problem  |  FAQ  |  All Products  ] Functions Easy to use and customizable Stochastic setting. Customizable indicator settings Built-in money management Grid t
CAP Zone Recovery Manual EA MT4   is a specialized version of our flagship product, Zone Recovery EA PRO . While both EAs are built upon the powerful Zone Recovery Algorithm, this version introduces a major enhancement: the ability to manage multiple manual trades individually on the same symbol. Turn Losing Trades into Winning Ones – Now with Individual Trade Control This EA is ideal for traders who open multiple manual positions and want each trade to be managed independently, without interfer
The CAP Internal Trade Duplicator EA is a utility that allows you to duplicate trades within the same MetaTrader 5 terminal, on the same account. It is designed for users who want to increase trade volume from existing positions without relying on external tools or services. This tool is especially helpful when you're subscribed to a signal provider on MQL5 and wish to adjust the lot size beyond the original position. The EA automatically replicates each new trade based on your defined settings
CAP Prime Scalper EA
MEETALGO LLC
1 (8)
CAP Prime Scalper EA  is a Forex scalping EA that uses a smart system to detect key breakout signals then cuts the profit of the move as much as possible while minimizing the loss. The robot automatically analyzes the market volumes and volatility and follows strong supply and demand movements. It smoothly sets breakeven levels and features the built-in smart mechanism for partial closure of profitable trades. It also has option to stop trading before important news releases to avoid slippage an
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MEETALGO LLC
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Reply from developer Mohammad Ali 2022.02.16 13:11
CAP Equity only work for one EA in a account. Don't run multiple EA on multiple chart
Van The Nguyen
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Van The Nguyen 2021.04.29 04:24 
 

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Ricardo Dacosta
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Ricardo Dacosta 2020.05.26 09:59 
 

Please be aware that this Equity Guard EA is limited to disabling 12 open charts only. According to developer the max number of input characters on MQL5 limits the total number of open charts to disabled/enable to only 12. Such issue is not mentioned in the description. Not worth the purchase with such limitation

Reply to review
Version 7.5 2025.06.14
FIXED BUGS: Minor bugs fixed for improved stability.
UPDATED: Reorganized the input section for better readability and ease of use.
ADDED: NEW FEATURE Dashboard now displays remaining minutes when the EA is temporarily paused due to the X-Min stop setting.
Version 7.3 2024.09.02
FIXED BUGS: Time Zone For Close Trade Not working
CHANGED INPUT: Add new sections - A D D I T I O N A L T R A D E C L O S I N G, In this section closing works individually, It doesn't related to equity closing. An additional function closes your trade only when triggered.
Version 7.2 2024.08.30
CLOSE ALL- The button added on the dashboard, when you click all trades will be closed.
Version 7.1 2024.08.13
FIXED BUGS: Fixed some bugs
ADDED: NEW FEATURE
This is the version where we added a lot of new inputs/functions, please check the description.
Version 6.2 2023.09.15
FIXED BUGS: POP-Up alert not working, when equity trigger.
Version 6.1 2023.08.05
FIXED BUGS: Can't set new equity into Record Equity text box
Version 6.0 2023.01.01
Complied with new build
Version 5.10 2021.02.23
Product Update Info
ADDED: NEW INPUT – Add more Disable External inputs so you can disable more EA. previously terminal has input max limitation so user can't put chart id more then 20 chart. We add more three same Disable External inputs so you can add more chart id
Version 5.0 2020.07.04
-->Minor Update
Version 4.20 2019.11.12
-->New Input add
---> Equity Reset Type - Currently equity will reset when you have no open order. But in this version new input come you can have option how equity will be reset. there two option
1. When No Order- when you have no order equity will be reset.
2. When Trigger Hit- equity will be not reset until equity trigger will be hit (any profit or loss hit)
Version 4.0 2019.02.25
-->Minor improvements internal coding.
-->Nothing change product logic.