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PZ Balance Guardian MT5

FREE

Published: 26 December 2021

Current version: 2.0

PZ Balance Guardian MT5

3.83

Utilities
PZ TRADING SLU
Version: 2.0
Updated: 10 March 2022

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.

more...

7124

Luis Mariano Vazquez Marcos 2023.11.26 14:33 #

cUMPLE SU COMETIDO AUNQUE ME GUSTARÍA QUE SE PUEDIERA CERRAR POR PORCENTAJE

421

Marco 2023.11.21 05:56 #

Kindly add a setting to do a cumulative P/L by day, thanks

664

jimdog 2022.03.10 12:51 #

Thanks

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This indicator detects inside bars of several ranges, making it very easy for price action traders to spot and act on inside bar breakouts. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Easy to use and understand Customizable color selections The indicator implements visual/mail/push/sound alerts The indicator does not repaint or backpaint An inside bar is a bar or series of bars which is/are completely contained within the range of the preceding bar. A blue box is

FREE

149 USD

The Turtle Trading Indicator implements the original Dennis Richards and Bill Eckhart trading system, commonly known as The Turtle Trader. This trend following system relies on breakouts of historical highs and lows to take and close trades: it is the complete opposite to the "buy low and sell high" approach. The main rule is "Trade an N-day breakout and take profits when an M-day high or low is breached (N must me above M)". [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Pr

FREE

Tired of plotting trendlines? The PZ TrendLines MT5 indicator applies a mechanical approach to the construction of trend lines for you! [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] It can draw up to 18 trendlines Trendlines can be optionally based on fractals Each line represents a breakout level Each trendline can be broken or rejected Configurable amount of lines Configurable colors Support I am happy to provide free products but given my limited time, they com

FREE

Trend Trading is an indicator designed to profit as much as possible from trends taking place in the market, by timing pullbacks and breakouts. It finds trading opportunities by analyzing what the price is doing during established trends. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Trade financial markets with confidence and efficiency Profit from established trends without getting whipsawed Recognize profitable pullbacks, breakouts and early reversals The ind

249 USD

FREE

This indicator finds Three Drives patterns. The Three Drives pattern is a 6-point reversal pattern characterised by a series of higher highs or lower lows that complete at a 127% or 161.8% Fibonacci extension. It signals that the market is exhausted and a reversal can happen. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Customizable pattern sizes Customizable colors and sizes Customizable breakout periods Customizable 1-2-3 and 0-A-B ratios It implements visua

FREE

This indicator detects Sandwich Bars of several ranges, an extremely reliable breakout pattern. A sandwich setup consists on a single bar that engulfs several past bars, breaking and rejecting the complete price range. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Easy and effective usage Customizable bar ranges Customizable color selections The indicator implements visual/mail/push/sound alerts The indicator does not repaint or backpaint The indicator could not b

FREE

The market profile indicator provides with an X-Ray vision into market activity, outlining the most important price levels, value area and control value of the daily trading session. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Easy to understand and use Understand market dynamics easily Automatic timeframe selection Identify zones of trading value and discard others It is useful in all market conditions Effective for any trading strategy It implements three color

FREE

Tired of plotting trendlines? The PZ TrendLines indicator applies a mechanical approach to the construction of trend lines for you! [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] It can draw up to 18 trendlines Trendlines can be optionally based on fractals Each line represents a breakout level Each trendline can be broken or rejected Configurable amount of lines Configurable colors Support I am happy to provide free products but given my limited time, they come

FREE

This is a smooth and responsive accelerometer which reveals the market trend and strength. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Two moving averages indicate trend direction The histogram represents strength of the price movement It draws buy and sell zones as colored vertical lines Should be used as a confirmation indicator Customizable line widths and colors It implements alerts of all kinds This indicator is similar to MACD but aims to react faster t

FREE

This indicator analyzes past price action to anticipate buying and selling pressure in the market: it does so by looking back into the past and analyzing price peaks and valleys around the current price. It is a state-of-the-art confirmation indicator. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Predict buying and selling pressure in the market Avoid getting caught in buying selling frenzies No settings and no optimization needed The indicator works in all timefr

99 USD

This indicator tracks the market trend with an unmatched reliability, by ignoring sudden fluctuations and market noise. It has been designed to trend-trade intraday charts and small timeframes. Its winning ratio is around 85%. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Amazingly easy to trade Find oversold/overbought situations Enjoy noise-free trading at all times Avoid being whipsawed in intraday charts The indicator analyzes its own quality and performance It

99 USD

This expert advisor implements the original Dennis and Eckhardt trading system, commonly known as The Turtle Trader. It trades exactly like the original turtles did, and can be used by experienced traders to capture trends in up or down markets. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Easy to use and supervise Fully configurable strategy settings Fully configurable trading settings Works for ECN/Non-ECN brokers and 2-3-4-5 digit symbols Works for CFDs and for

49 USD

249 USD

299 USD

FREE

This indicator evaluates the market sentiment using raw price action measurements, and it is an amazing trading confirmation. It can be used to take a trend-trade approach or a contrarian approach using reversal patterns. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Find early reversals Confirm short-term trades Detect indecision on the market Take contrarian trades near support and resistance levels Trade inside bars confirmed by overall direction of the market T

FREE

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Luis Mariano Vazquez Marcos 2023.11.26 14:33 #

cUMPLE SU COMETIDO AUNQUE ME GUSTARÍA QUE SE PUEDIERA CERRAR POR PORCENTAJE

421

Marco 2023.11.21 05:56 #

Kindly add a setting to do a cumulative P/L by day, thanks

Alex W 2023.03.21 15:07 #

This EA did not close all the trades once it hit the stop loss resulting in further losses.

Benjamin 2022.08.20 19:54 #

No comment!

664

jimdog 2022.03.10 12:51 #

Thanks

135

Yuecel Huener 2022.03.10 11:48 #

Thank you.

Version 2.0 2022.03.10

- Updated to operate ontimer