Basket EA MT5
Basket EA ΜΤ5 is the most simple and easy way to control your overall profit/loss when trading.
The idea behind Basket EA ΜΤ5 is to be able to control your trading account's profit and/or loss at a basket level, for all your open positions combined.
- Martingale, Grid, Averaging or other dangerous techniques are not used
- Option to exclude certain magic number trades from basket management
- Basket Take Profit in % for all open positions combined
- Basket Stop Loss in % for all open positions combined
- Basket Break Even in % for all open positions combined
- Basket Trailing Stop Loss in % for all open positions combined
- Extra account protection after a large drawdown
- 100% automated Expert Advisor
- MQL5 VPS compatible
How to use Basket EA MT5?
If you are trading manually you should attach Basket EA ΜΤ5 to a separate chart of your MT5 terminal and click the Algo Trading button. This way you can continue opening new manual trades and Basket EA ΜΤ5 will act only when your customized criteria are met. If you are trading using Expert Advisors, you need to attach Basket EA ΜΤ5 to a separate chart on your MT5 terminal, click the Algo Trading button and the Basket EA ΜΤ5 will manage all your EA opened trades at a basket level, taking into account their combined profit and/or loss. If you use MQL5 VPS, you need to upload all your EAs and Basket EA ΜΤ5 on separate charts, click the Algo Trading button and then synchronize with your MQL5 VPS in order to migrate your trading environment onto the virtual server (right click on the MQL5 VPS in the Navigator window >> Synchronize experts, indicators).
Basket EA MT5 Inputs
- Click here for detailed: Basket EA MT5 Settings/Inputs Guide
Note: Basket EA ΜΤ5 does not work in the MT5 Strategy Tester. It will only function by managing open or about to open orders.
#tags account protection money management risk account management account basket take profit stop loss break even trailing stop loss account basket level protection