EA profit manager

EA  profit manager will monitor all other EA positions  and all manual open positions.

It will close trades on account, close all open and all pending trades

Highest recorded equity

EA  will record Equity Highest (of account )every day in a log .Every new equity high will be recorded , if it exceeds previous highest recorded equity.It will display it on chart.

input int equity trigger=10000;//equity level must be greater than this level

input int  basket take profit=100; // currency value

Add a variable :

input int variable deductible  equity =100;// allowable  decrease in equity is deducted  from HIGHEST RECORDED EQUITY//manual input

Highest recorded equity - deductible variable equity =  usable equity (used for calculations for entry) 

example 

highest recorded equity is 10,000  -  deductible variable equity =100 =  usable equity = 9900

weekly open equity + weekly basket take  profit

EA will record weekly open equity  balance ,on monday at  open of platform or at 00:00 earliest,  it will display it on chart.

Function :close all and delete all pending  , if current  equity / CURRENT OPEN PROFIT  >=   than weekly open equity + weekly basket take  profit  and it is   >= usable equity  and equity trigger.

input int weeklyBasketTakeProfit=100;// profit in currency of account 

example weekly open balance is £ 10,000 , current equity is £10200 , and profit = £200  // close all because account profit is >  weekly open equity +  weekly  basket take  profit and  equity trigger.

EA will close trades only once on weekly basis  as above ,  but for second  subsequent  take profit activation  it will add the number of activations by  basket take profit=100.

First time take profit   basket take profit=100  //  basket take profit=100 *1

second time take profit   basket take profit=150  //  basket take profit=100 *1.5

third time take profit   basket take profit=200  //  basket take profit=100 *2.0

EA will record comments and alerts   , when trades are closed or errors are made.

example 1

Highest recorded is 20000

variable deductible  equity =100;//manual input

20,000  -100 = 19900 

= 19,900    is the  Equity used   for  profit trigger 

input int equity trigger=10000;//equity level must be greater than this level

19,900  >  input int equity trigger of 10000 ...........................take profit =true 

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example 2

Highest recorded is 10000

variable deductible  equity =100;//manual input

10,000  -100 = 9900 

= 9,900    is the  Equity used   for  profit trigger 

input int equity trigger=10000;//equity level must be greater than this level

9,900  <  input int equity trigger of 10000 ...........................take profit =false