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Utility is for MT5 and functions by being placed on a chart.
I am looking for an Equity watching utility that is a mix of the characteristics of these two existing utilities.:
This utility ‘’Cerberus Equity Watcher’’ https://www.mql5.com/en/market/product/88828?source=Site+Profile+Seller contains what I want except for the timer. This utility https://www.mql5.com/en/market/product/96806?source=Site+Market+MT5+Utility+Rating006# is also good, except that it does not close charts and it does not retest. The font of its panel is also too small and hard to read.
Characteristics of the ‘’Close ALL when price reach the target or time’’ utility.
This Utility closes all trades when a predetermined positive or negative equity level is hit.
It can also close after a determined time has expired in seconds, minutes or hours.
It has a reset button
Profit Target / Stop loss in actual Account Currency. (Not in percentage!)
I would like a utility like this except that it also ( ‘’Cerberus Equity Watcher’’ ) :
Removes All expert advisors by closing all charts, except for the chart the Equity watching utility itself is placed on. The Equity watching utility closes all charts, even if they have no expert advisors on them. It closes all trades, both those placed manually and those placed by expert advisors
Profit Target and stop in Account Currency, look only at equity. So, this includes commission and swap. So for example if the stop and profit target are set to 60, the Equity watching utility will close all trades and charts (except for the chart the Equity watching utility itself is placed on) when draw down or profit reaches 60, including swap and commission.
Test frequency can be set in seconds.
Retest . After trades and charts have been closed, it should retest. Test frequency of retest can also be set in seconds.
Zero. If any of the settings is set to zero , this setting does not trigger anything. For example if stop is set to zero, the Equity watching utility does not monitor negative equity. Id it is set to 50 minutes (with hours and seconds set to zero), it will not close in hours or seconds but in 50 minutes. If seconds, minutes and hours are set to zero, it will not use time and run indefinitely and close all trades if either profit or stop are reached (that is, if they are set).
Display. It has a display that is visible on the chart. The display can be black and white and should show all settings and the current situation, i.e. time left, positive and negative equity. Font size: 16. Font Arial (Nice and large)
Time frames. The Equity watching utility is not affected by time frames, it is independent of this. It is not effected by time the frames of whatever open chart, nor is the Equity watching utility affected by the time frame of the chart it is placed on. It only looks at positive and negative equity levels, after which it closes all trades (be they manual or placed by Expert advisors) and charts. It also closes all charts and trades when time is up.
Reset button. The reset button is visible on the display. When the reset button is pressed, the Equity watching utility will once again accept trades and charts both manual and with Expert advisors . It should not be necessary to once again enter all settings i.e. If I have set the Timer to 3 hours 2 minutes and 15 seconds and the equity profit target to 45 Usd (that is if my account is in USD) and the stop to 30 Usd, I should not have to re enter all of this information.
The Equity watching utility will be delivered as a ready to be attached to a chart Mql5 file and of course the source file shall also be delivered..
Ownership; Upon delivery, I will be the owner of the Equity watching utility and its source code. The code shall not be locked or protected; I want to be able to edit it myself in the meta editor. There shall also be no limit to the amount of activations.
No more than 3 tests of functionality by me. So, please make sure the Equity watching utility works before sending it to me.
Thank you for your consideration. Please fell free to ask if anything is unclear.