Auto Equity Protector And Gain Locker

Auto Equity Protector & Profit Locker EA

Overview

The Auto Equity Protector & Profit Locker EA is a highly effective utility tool designed to act as an automated risk manager for your MetaTrader 5 account. Whether you are trading manually, running multiple Expert Advisors, or managing a prop firm account, this EA ensures that your account equity is always protected from massive drawdowns and that your floating profits are securely locked in.

Instead of managing Stop Loss and Take Profit for individual trades, this EA looks at the bigger picture: Your Overall Account Equity.

How It Works

The EA runs quietly in the background and continuously monitors the difference between your Account Balance and your Live Account Equity. It calculates your global floating Profit/Loss in real-time.

You define two simple monetary thresholds in your account currency (e.g., USD):

1. Profit Threshold: The target profit amount you want to secure.

2. Loss Threshold: The maximum floating loss you are willing to tolerate.

When the live equity hits either of these thresholds, the EA acts instantly, closing all open positions across all charts and symbols.

How It Protects You from Big Losses (Risk Management)

Financial markets can be highly volatile, and sometimes sudden news spikes can bypass individual stop losses or cause massive drawdowns.

• Global Stop Loss: By setting the LossThreshold (e.g., $50), you are telling the EA: "Never let my account lose more than $50 at any given time."

• Prevents Margin Calls: If trades go against you, the EA will automatically detect that your equity has dropped below your allowed limit and instantly execute market orders to close all trades. This prevents small losses from turning into blown accounts.

How It Secures Your Profit (Reward Management)

Greed and delayed reactions often cause traders to watch winning trades turn into losing ones.

• Global Take Profit: By setting the ProfitThreshold (e.g., $100), you tell the EA: "When my overall floating profit reaches $100, take the money and close everything."

• Locks in Gains: The moment your combined open positions generate the target profit, the EA immediately closes them. It updates your balance with the new profit, resets, and waits for your next trading session.

Key Features

• Works Across All Symbols: It doesn't matter if you have trades open on EURUSD, Gold, and US30 at the same time. It calculates the total equity across your entire account.

• Prop Firm Friendly: Highly recommended for funded traders who need strict daily drawdown limits to protect their accounts.

• Real-Time Alerts: Receive an instant on-screen alert when the EA closes your trades, complete with a summary of your new Equity, Balance, and realized P/L.

• Lightweight & Fast: Coded efficiently to ensure ultra-fast trade closure without freezing your terminal.

Parameters

• ProfitThreshold: (Default: 10) The amount in your account currency (e.g., $10) at which you want to close all trades in profit.

• LossThreshold: (Default: 10) The maximum amount in your account currency (e.g., $10) you are willing to lose before all trades are closed.

• EnableAlert: (Default: true) Set to true to receive popup notifications when the EA triggers a mass close.