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PZ Balance Guardian MT4

This Expert Advisor constantly monitors the balance and P/L of your trading account to prevent costly drawdowns and/or take profits. When a certain drawdown or profit target is reached, the EA will alert, close all trades and in some cases, delete all pending orders. Optionally, it can also close all charts to remove all EAs operating in the account.

[ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ]

The following features are implemented and can be enabled or disabled at will:

  • P/L Maximum Loss
  • P/L Profit Target

Other benefits are:

  • Dead easy to use
  • It implements alerts of all kinds
  • Reports to the terminal

Technical information:

  • It executes every tick and displays information on the chart
  • It monitors all trades and magic numbers on the account
  • It can be used with the investor password and will monitor and alert on breaches

How to get started

  • Load the EA once a single chart
  • Do not load the EA in other chart
  • Customize your events and setttings
  • Leave the EA alone and never close that chart

Input Parameters

  • P/L Maximum Loss: The maximum equity loss possible for the account expressed in percentage. A value of zero disables this feature.
  • P/L Profit Target: The profit target for the account expressed in percentage. A value of zero disables this feature.
  • Stop EAs on Max Loss: Choose i¡automated trading must be stopped when the max loss is reached.
  • Stop EAs on Profit Target: Choose if automated trading must be stopped when the profit target is reached.
  • Alert Name: Custom alert name for the alert messages.
  • Display Alerts: Enable or disable visual alerts.
  • Email Alerts: Enable or disable email alerts.
  • Push Alerts: Enable or disable push alerts.
  • Sound File: Name of sound file to play on visual alerts.
  • Label Color: Color of the text objects on the screen.
  • Slippage: Maximum slippage in points to close trades.

    Author

    Arturo López Pérez, private investor and speculator, software engineer and founder of Point Zero Trading Solutions.


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    Pedro Jaime Rodriguez Cristancho
    164
    Pedro Jaime Rodriguez Cristancho 2023.01.01 07:25 
     

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    GBL030
    144
    GBL030 2022.08.16 13:17 
     

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    Amol Ashok Koshti
    223
    Amol Ashok Koshti 2022.03.25 00:21 
     

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    PZ TRADING SLU
    796669
    Reply from developer Arturo Lopez Perez 2022.05.28 15:25
    Make sure to give the EA trading permissions, please. The EA will be able to close all charts without trading permissions, but won't be able to close trades.
    mftrader
    174
    mftrader 2022.03.07 10:38 
     

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    PZ TRADING SLU
    796669
    Reply from developer Arturo Lopez Perez 2022.03.10 09:19
    Hello. It is impossible from me to close the terminal from the code. Apologies.
    Goldcraft Consulting
    533
    Tawanda Nyagwaya 2021.12.28 09:30 
     

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    PZ TRADING SLU
    796669
    Reply from developer Arturo Lopez Perez 2022.03.10 09:19
    I updated to run ontimer, it should avoid any downtime.
    Reply to review
    Version 2.0 2022.03.10
    - Changed to run ontimer and avoid EA downtime