Protectron MT4
- Utilità
- Dilwyn Tng
- Versione: 1.2
Protectron - Your 24/7 Account Protection System
Lock Profits, Limit Losses, Trade with Confidence
Overview
Protectron is a professional account protection system designed to automatically safeguard your trading capital by enforcing strict profit targets and loss limits. Whether you're trading manually, running other EAs, or managing multiple strategies, Protectron acts as your silent guardian—monitoring your account equity in real-time and executing protective actions when your defined thresholds are reached.
Unlike traditional risk management tools, Protectron monitors your total account equity (including floating P&L), providing true real-time protection that responds instantly to market conditions.
Key Features
Dual Protection System
- Profit Target Protection - Automatically close all positions when your profit goal is achieved
- Loss Limit Protection - Stop losses instantly when maximum drawdown is reached
Flexible Target Types
Choose from 5 different calculation methods for both profit and loss targets:
- Fixed Equity - Target specific account equity level
- Dollar Amount - Gain/lose X dollars from initial deposit
- Percent of Deposit - Percentage gain/loss from starting capital
- Percent of Balance - Percentage of current balance
- Off - Disable protection when not needed
Smart Initial Deposit Detection
- Auto Mode - Automatically detects your starting balance
- Manual Mode - Specify your exact initial deposit for precise calculations
Complete Position Management
- Closes all open positions instantly when triggered
- Optionally deletes all pending orders
- Prevents new trades from opening after protection activation
Real-Time Visual Dashboard
- Live equity monitoring
- Progress bars showing distance to targets
- Clear status indicators
- Profit/Loss tracking from initial deposit
Cross-Platform Compatible
- orks seamlessly on MetaTrader 4 and MetaTrader 5
- Identical functionality across both platforms
Safety Features
- Configurable alerts when protection triggers
- Optional algo trading disable recommendation
- One-time execution prevents duplicate actions
- Non-intrusive operation with other EAs
How It Works
Step 1: Initial Deposit Detection
When Protectron starts, it determines your initial deposit using either:
- Auto Mode: Uses current account balance
- Manual Mode: Uses your specified value
This becomes the baseline for all profit/loss calculations.
Step 2: Real-Time Monitoring
Protectron continuously monitors your account equity (balance + floating P/L) on every tick.
Step 3: Threshold Detection
When equity reaches your profit target OR drops to your loss limit:
- All open positions are closed immediately
- Pending orders are deleted (if enabled)
- Alert notification sent (if enabled)
- Protection status activated - prevents re-triggering
Step 4: Safe Mode
After protection triggers, Protectron enters "Protection Active" mode and stops further actions. You maintain full control to restart or adjust settings.
Settings Guide
Initial Deposit Settings
| Parameter | Description | Recommended |
|---|---|---|
| Deposit Detection | Auto or Manual | Auto for most users |
| Manual Spec ($) | Your starting capital | Set if using Manual mode |
Example:
- Started with $10,000? Set Manual mode = 10000.00
- Let EA auto-detect? Use Auto mode
Profit Target Settings
| Parameter | Description | Example |
|---|---|---|
| Target Type | How to calculate profit goal | Amount |
| Target Val ($ or %) | Your profit goal | 1000 (= $1,000 profit) |
| Delete Pendings? | Remove pending orders on trigger | Yes |
Target Type Options:
| Type | Description | Example (Initial = $10,000) |
|---|---|---|
| Off | No profit protection | - |
| Equity | Close when equity reaches X | Value=15000 → Close at $15,000 equity |
| Amount | Close when profit reaches X | Value=1000 → Close at $11,000 equity (+$1,000) |
| % Deposit | Close at X% gain from deposit | Value=10 → Close at $11,000 equity (+10%) |
| % Balance | Close at X% gain from current balance | Value=5 → Close when balance up 5% |
Profit Target Examples:
Initial Deposit: $10,000 Example 1 - Amount: Setting: Amount, $1,000 Triggers at: $11,000 equity Example 2 - % Deposit: Setting: % Deposit, 15% Triggers at: $11,500 equity Example 3 - Fixed Equity: Setting: Equity, $12,500 Triggers at: $12,500 equity
Loss Limit Settings
| Parameter | Description | Example |
|---|---|---|
| Limit Type | How to calculate loss limit | % Deposit |
| Max Loss ($ or %) | Maximum allowed loss | 5 (= 5% loss) |
| Delete Pendings? | Remove pending orders on trigger | Yes |
Limit Type Options:
| Type | Description | Example (Initial = $10,000) |
|---|---|---|
| Off | No loss protection | - |
| Equity | Close when equity drops to X | Value=9000 → Close at $9,000 equity |
| Amount | Close when loss reaches X | Value=500 → Close at $9, |
