Gambling Problem - use this EA to limit damage

That is great! Thank you

I have been looking for this type of EA for a long time, Kudos for this work

During my trial of this EA I observe that the EA did not close my losing trade above the preset level.
The EA is on my computer and not on a vps (i don't think this could be the problem)
after i entered the trade i shut down my computer at some point my expectation was that if when i powered the computer again whatever the loss at that point should be realised once it is greater than the preset level. However the losses on the account is greater than what i set as my loss limit but the trade are still running. when i tried adding another trade the trades are closed almost immediately just like it was explained.
please i need help or perhaps the logic of this EA may need a review.

see attached my settings and opened trades

thanks

Austine

When you shut down your computer /close mt4 EA will stop, when start again it will re calculate daily loss. check expert tab it will show limits in log .

by setting up Email detail you can receive email (tools -> option -> email )

Edit :
it should have closed your trade at mt4 open as equity gone below secure minimum balance i had problem with oil trade (instant execution) which is i have fixed with v 1.01 ,some broker use instant execution for currency trade as well ,
check journal tab you may see errors

i have added maximum profit option on ver 1.01

Big thanks! Again )

Great stuff, mohan76!
I've been thinking of creating this kind of limitation tool myself, and also want to give the 'key' to my wife btw

The only difference for me is that I prefer P/L levels expressed as percentage to balance.
So, in case someone thinks likewise, attached is your slightly modified script where daily_quota stands for amount of percent of balance that you are ready to afford losing.
E.g. for a balance of 1000 and daily_quota set to 5, all trades would be force stopped at balance=950.

Is it possible to host this EA in my local trading machine and a VPS simulteneously? Will it affect it in any way?

Austine

yes you can do that , each will have it's own setting and does not give any advantage

yes you can do that , each will have it's own setting and does not give any advantage


thanks for your response.
I have observed that this EA do not kill my trades once my limits are exceeded.
I dont know what could be wrong i have checked and all my settings seems ok.

Mohan, excellent idea.

check journal tab for any error.

No error message in my journal

Hello Mohan76 once again i like to thank you for this wonderful EA. I am a little suprised that the traffic to this thread is rather low compared to other threads where indicators and signal service like education is offered.
In any case, I observed what i considered a flaw in the EA perhaps its peculiar to me.
I tend to Swing trade leaving my open positions for a couple of days. what i observed lately is that the EA tends to kill my trades before my profit targets.
A Typical example: i entered two trades on eursud and euryen which was doing well as at the time i was going to bed, I had about $300 unrealised profit and my target was about 90 pips away from price location as the time i was leaving. when i woke up the next morning my trades had been closed for a profit but price hasnt hit my objectives.

I imagined that these trades were closed during the slight pull back in the Asian session. I thought the EA was only to close my trades when they are in the negative from my entry price. it appears that the EA also calculate price movement from the begining of a new day which i think is not right.

Please kindly look into it.