Hello Traders,
i am one of those trader who win for weeks then loose everything in 1 or 2 days due to over confident , revenge mentality and some silly mistakes . i have wrote this EA to over some of my weakness. EA is very simple
1. equity Guard
How to use it
* withdrawal also reduce equity .
1. you have to run this EA on VPS (if you have semi control you can run it on local machine)
2. password for m4 and VPS must set by some one else and you should not have access to it (in my case my wife only know my password).
3. open mt4 on vps and attache ea to any chart, set daily quota and and secure minimum balance.
4. Set Email information if you want receive emails.
5 your ready to go.
a. Daily quota
it's daily $ value you can afford to loose. counting will start from last mt4 restart or broker day change which ever happen later , don't use this as your s/l , once equity gone below , it will close all open trade. after that if you open trade it will close it , you have to wait fro next day to take next trade.
b. secure minimum balance
This is 2nd hard limit. once equity gone below this level EA keep closing trade. only way to over come this is login to VPS (but u don't know password) change amount.
installing this ea
1. copy Equity-guard.mq4 to C:\Program Files\meta trader \experts
2. restart your meta trader
3. go to tool - > option - > expert advisor and tick as follow
4 . attache equity guard ea to any chart
Disclaimer : use it on your own risk. try it in demo first
new ideas and improvement welcome
Ver. 1.01
Maximum Daily profit option Added
Reducing daily quota by percentage of profit option Added
bug fix - commodity force closed error fixed
Safe trading
i am one of those trader who win for weeks then loose everything in 1 or 2 days due to over confident , revenge mentality and some silly mistakes . i have wrote this EA to over some of my weakness. EA is very simple
1. equity Guard
How to use it
* withdrawal also reduce equity .
1. you have to run this EA on VPS (if you have semi control you can run it on local machine)
2. password for m4 and VPS must set by some one else and you should not have access to it (in my case my wife only know my password).
3. open mt4 on vps and attache ea to any chart, set daily quota and and secure minimum balance.
4. Set Email information if you want receive emails.
5 your ready to go.
a. Daily quota
it's daily $ value you can afford to loose. counting will start from last mt4 restart or broker day change which ever happen later , don't use this as your s/l , once equity gone below , it will close all open trade. after that if you open trade it will close it , you have to wait fro next day to take next trade.
b. secure minimum balance
This is 2nd hard limit. once equity gone below this level EA keep closing trade. only way to over come this is login to VPS (but u don't know password) change amount.
installing this ea
1. copy Equity-guard.mq4 to C:\Program Files\meta trader \experts
2. restart your meta trader
3. go to tool - > option - > expert advisor and tick as follow
Attached Image
4 . attache equity guard ea to any chart
Disclaimer : use it on your own risk. try it in demo first
new ideas and improvement welcome
Ver. 1.01
Maximum Daily profit option Added
Reducing daily quota by percentage of profit option Added
bug fix - commodity force closed error fixed
Safe trading
Attached File(s)
Equity-guard.mq4
3 KB
|
589 downloads
equity guard v 1.01.mq4
4 KB
|
454 downloads
|
Uploaded Jul 2, 2012 8:23pm
Mohan