Percentage Stop

5

A simple risk management tool that closes all open orders if equity drops by a specified percentage. This tool is useful if you are running multiple EAs and multiple charts and pairs in order to control your risk.

All orders will close accordingly. Once it hits specified percentage drawdown the closing of all orders cannot be stopped. The EA will reset once all orders are closed, until account equity drops again relative to account balance.

Use at your own risk.

  • This is only for MT4.
  • There is only one parameter.
  • The only parameter is StopPercent.
  • The default percentage is set at 40. As in 40 percent.
  • Option to switch control panel information on/off added.
  • Option to disable percentage stop mechanism while displaying control information added.


Avis 2
kokines
64
kokines 2024.01.31 10:53 
 

Very good job!

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A fundamental component to have within your trading arsenal is the ability to properly control and manage risk effectively. This tool offers a basic but comprehensive means to manage each and every trade position appropriately. It can be used across different markets that require percentage-based calculations as opposed to simply measuring the difference in pip or point size i.e. the method for calculating take profit and stop loss in FX currency markets is usually a fixed point/pip size vs. p
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BORIS GOLICIN
540
BORIS GOLICIN 2025.03.17 10:59 
 

L'utilisateur n'a laissé aucun commentaire sur la note

kokines
64
kokines 2024.01.31 10:53 
 

Very good job!

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