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Equity Guardian EA

  • #21
  • Jun 3, 2020 7:52am Jun 3, 2020 7:52am
Quoting falanca
No ı ment 'partial trail stops option for the orders merely
It seems like you are asking for a trailing stop on each individual position?

There are plenty of EA that will do that for you

Equity Guard watches all trades and closes by equity gain or loss by percentage

Probably could run both at the same time but kind of defeats the purpose

Good luck
It takes a lot for me to IGNORE you, but you can try.
  • #22
  • Jun 3, 2020 7:58am Jun 3, 2020 7:58am
Quoting falanca
No ı ment 'partial trail stops option for the orders merely
I'm not sure what you mean by that.

Do you mean an option to start moving the stops of the orders?
"Pips are vanity. Profit is sanity."
  • #23
  • Jun 3, 2020 8:28am Jun 3, 2020 8:28am
Quoting driven18
Paul, I have used it already and works great.... I am treating every day as a new day....is there anyway to have a parameter "Start Guarding Equity at " " 0000(as an example) "Close All Trades at = " " 2259(as an example) Guardian then will start anew everyday and exit all trades at specific time, profit or loss.
Paul, I beleive your response was that it is "Already on the list of improvements!" Am I correct?
  • #24
  • Jun 3, 2020 8:33am Jun 3, 2020 8:33am
Quoting driven18
{quote} Paul, I beleive your response was that it is "Already on the list of improvements!" Am I correct?
The next version contains an option to trigger a close at a specific date and time.

But it doesn't have the ability to schedule a restart, which is what I think you're after? You would need to reset the EA and enter a new close date and time.
"Pips are vanity. Profit is sanity."
  • #25
  • Jun 3, 2020 8:57am Jun 3, 2020 8:57am
Quoting PaulDV
{quote} The next version contains an option to trigger a close at a specific date and time. But it doesn't have the ability to schedule a restart, which is what I think you're after? You would need to reset the EA and enter a new close date and time.
Yes, Paul, I am asking for restart. Your Equity Guardian will have much more wider application.

I also trade breakouts but analyze each day as a new day, including fundamentals, higher TF, previous day momentum, etc..

Anyway you can incorporate Restart New Day = True/False?
  • #26
  • Jun 4, 2020 1:39am Jun 4, 2020 1:39am
Quoting driven18
{quote} Yes, Paul, I am asking for restart. Your Equity Guardian will have much more wider application. I also trade breakouts but analyze each day as a new day, including fundamentals, higher TF, previous day momentum, etc.. Anyway you can incorporate Restart New Day = True/False?
This is not really in line with the purpose of the EA and is a rather specific feature that I don't feel that many people would use.

There is also a workaround, in that you can manually restart the whole process each day, which means that it can still be used in the way you are wanting albeit not automatically.

And finally, coding in such a feature is not as simple as it may at first seem, as there a number of questions around how it should work, what additional parameters would need to be coded in, what settings to present to users, etc.

I'll add this to the list of things to bear in mind for later development, but for now, there are more useful features to be added.
"Pips are vanity. Profit is sanity."
  • #27
  • Jun 4, 2020 2:36am Jun 4, 2020 2:36am
Quoting PaulDV
Equity Guardian EA This little EA is designed to protect your account from unexpected drawdowns and/or lock in profits. Note: It does NOT place orders. It does NOT amend existing orders. It can be used alongside any other EA or manual strategy that you care to use. Features Monitors EQUITY, not simply floating profit/loss. Can monitor all trades, trades submitted by any EA or trades submitted by a specific EA. Closes all monitored trades if equity falls below a specified loss limit (expressed in either an amount or a percentage of the opening balance)...
"Can disable auto trading when close is triggered."

Isn't it a problem that EA will turn off automatic trading? EA will turn off.
Please excuse the bad English via Google Translate.
  • #28
  • Jun 4, 2020 4:39am Jun 4, 2020 4:39am
Quoting dokopy
{quote} "Can disable auto trading when close is triggered." Isn't it a problem that EA will turn off automatic trading? EA will turn off.
No, the AutoTrading button only determines whether or not EAs can open or amend trades, it doesn't stop them from running.
"Pips are vanity. Profit is sanity."
  • #29
  • Jun 4, 2020 5:19am Jun 4, 2020 5:19am
Version 1.10 has been uploaded to the first post.

Let me know if you experience any issues, or have any questions.
"Pips are vanity. Profit is sanity."
  • #30
  • Jun 4, 2020 5:34am Jun 4, 2020 5:34am
Quoting PaulDV
{quote} I'm not sure what you mean by that. Do you mean an option to start moving the stops of the orders?
Yes.Sure.Ea will also take control for orders eitherly when controlling Equity.Option will be like that

Trail stop every order %50 for every 100 pip;true
Trail starts:100 pips(X pips)
Trail stops;50 pips(x pips)
  • #31
  • Jun 4, 2020 5:39am Jun 4, 2020 5:39am
Quoting PaulDV
Version 1.10 has been uploaded to the first post. Let me know if you experience any issues, or have any questions.
thanks really appreciate your work is amazing
Best regards
  • #32
  • Jun 4, 2020 6:13am Jun 4, 2020 6:13am
Quoting falanca
{quote} Yes.Sure.Ea will also take control for orders eitherly when controlling Equity.Option will be like that Trail stop every order %50 for every 100 pip;true Trail starts:100 pips(X pips) Trail stops;50 pips(x pips)
I thought so.

Then no, that's not the ethos behind this EA - it simply monitors equity and does not interfere with trades/orders placed by other EAs as that may also affect the strategy used by those EAs.

This is a tool to use in an attempt to avoid larger than wanted drawdowns and/or take profits at a predetermined level. It is not a trade manager.
"Pips are vanity. Profit is sanity."
  • #33
  • Jun 4, 2020 6:14am Jun 4, 2020 6:14am
Quoting cescof
{quote} thanks really appreciate your work is amazing Best regards
Thank you.
"Pips are vanity. Profit is sanity."
  • #34
  • Edited 7:09am Jun 4, 2020 6:45am | Edited 7:09am
Quoting PaulDV
Version 1.10 has been uploaded to the first post. Let me know if you experience any issues, or have any questions.
Thanks for the beautiful EA, Paul. It seems my personal request sent to you as PM may now be unnecessary.
  • #35
  • Jun 4, 2020 6:45am Jun 4, 2020 6:45am
Hi Paul,

its awesome Ea to lock your positions in case something terrible happens.

Is it posiblle to further develop EA from standalone Locker to Locker+Unlocker.
Help to be helped.
  • #36
  • Jun 4, 2020 7:56am Jun 4, 2020 7:56am
Just wondering why am seeing this on the panel even after imputing all necessary parameters?
Attached Image (click to enlarge)
Click to Enlarge Name: why this.png Size: 90 KB
  • #37
  • Jun 4, 2020 11:02am Jun 4, 2020 11:02am
Quoting PaulDV
{quote} No, the AutoTrading button only determines whether or not EAs can open or amend trades, it doesn't stop them from running.
After deactivating auto-trading, EA can do nothing.
Please excuse the bad English via Google Translate.
  • #38
  • Jun 4, 2020 11:56am Jun 4, 2020 11:56am
Paul, you can see that profit is at 7% plus, trailing at 7% is not triggered.
Attached Image
  • #39
  • Jun 4, 2020 11:59am Jun 4, 2020 11:59am
Quoting timidave
Just wondering why am seeing this on the panel even after imputing all necessary parameters? {image}
That looks extremely odd - you don'even have a border on th epanel.

Can you try shutting down you terminal and restarting it, and then adding the EA again please?
"Pips are vanity. Profit is sanity."
  • #40
  • Jun 4, 2020 11:59am Jun 4, 2020 11:59am
Quoting dokopy
{quote} After deactivating auto-trading, EA can do nothing.
That's not true. EA's still run, they simply cannot do anything with orders or trades.
"Pips are vanity. Profit is sanity."
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