EquityLog Expert MT4

EquityLog Expert is a professional risk‑monitoring Expert Advisor for MetaTrader 4 designed to protect your trading account from unexpected margin pressure. It continuously tracks your account’s key metrics and automatically sends email alerts when your margin level drops below a safe threshold. At the same time, it logs detailed account data into a CSV file for analytics, reporting, and long‑term performance tracking.

This tool is ideal for traders who want 24/7 account protection, automated risk monitoring, and clean historical logs for analysis.

🔥 Key Features

✔ Real‑Time Margin Protection

• Monitors margin level every X minutes

• Sends automatic email alerts when margin falls below your threshold

• Includes a clear explanation of why the alert was triggered

• Alerts repeat at your chosen interval while the risk persists

✔ Professional Email Notifications

Each alert email includes:

• Reason for alert

• Full account summary

• Balance, equity, floating P/L

• Used & free margin

• Margin level

• List of all open positions with SL/TP and profit

• Timestamp

• Reminder of how often alerts will repeat

✔ Advanced CSV Logging

• Logs account data at your chosen interval

• Supports custom delimiter (comma, semicolon, pipe, tab)

• Supports local decimal formatting (EU‑friendly comma decimals)

• Choose between overwrite or append mode

• Perfect for Excel, Power BI, Python, or trading journals

✔ Lightweight & Efficient

• Runs on timer, not on ticks

• Zero impact on trading performance

• Works on any symbol, any broker, any account type

📊 What Gets Logged

Every log entry includes:

• Time

• Balance

• Equity

• Floating P/L

• Used Margin

• Free Margin

• Margin Level

This creates a clean, structured dataset for:

• Risk analysis

• Drawdown tracking

• Strategy evaluation

• Broker comparison

• Automated reporting

🎯 Who Is This For?

• Manual traders who want protection from sudden margin drops

• Algorithmic traders running multiple EAs

• Prop‑firm traders who must monitor risk limits

• Traders who want clean CSV logs for analysis

• Anyone who wants peace of mind when away from the terminal

⚙️ Input Parameters

• LogIntervalMins – how often to log account data

• AlertMarginLevel – margin threshold for email alerts

• LogIntervalMinutes – email cooldown interval

• AlertEmail – destination email

• OverwriteCSV – overwrite or append mode

• CsvDelimiter – choose your CSV separator

💡 Why Traders Love It

Because it solves a real problem: You can’t watch your account 24/7 — but EquityLog Expert can.

It gives you:

• Early warning before margin calls

• Clean logs for analysis

• Peace of mind when you’re away from the charts

📦 What You Get

• Full Expert Advisor (ex4)

• Lifetime updates

• Fast support

• Clear documentation

🚀 Start Protecting Your Account Today

Install EquityLog and get instant, automated risk monitoring with professional‑grade reporting.

Your account deserves protection — let this tool watch your equity so you don’t have to.

EquityLog Expert works as an Expert Advisor (EA) and must be attached to a chart in order to operate. It does not open trades or interfere with your strategies — it simply monitors your account and logs data in the background.

How to install

1. Copy the EA into: MQL4/Experts/

2. Refresh MetaTrader 4.

3. Open any chart (any symbol, any timeframe).

4. Drag EquityLog onto the chart.

5. Enable:

   • Allow Algo Trading

   • Allow DLL imports (optional, only if you use email alerts)

Important

• The EA must run on its own chart tab.

• You can attach it to any FX pair, because it does not depend on the symbol.

• You only need one instance of the EA running — it monitors the entire account.

Why it needs a chart

MetaTrader 4 requires all EAs to run inside a chart window. This allows the EA to:

• Use the timer event

• Send email alerts

• Write CSV logs

• Monitor account metrics in real time

Even though the EA does not trade, it still needs a chart to stay active.