EA Account Equity Stop | Forex Factory

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EA Account Equity Stop

  • #1
  • First Post: May 28, 2013 4:22am May 28, 2013 4:22am
Hi does anyone know of a MT4 EA that will close all open positions once an account hits a set equity level as set by the user? for example my account is 10,000 but if equity was to hit 7,000 the ea would close all open positions regardless of P/L acting as a hard stop on my account.

Its something I have via my account management settings on dukascopy, but I need the same function for my MT4 brokers.

Thanks in advance
  • #2
  • May 28, 2013 4:32am May 28, 2013 4:32am
This should do what you want i think.

http://www.ea-coder.com/download-equ.../#.UaR5Y5xGbAz
  • #3
  • May 28, 2013 4:38am May 28, 2013 4:38am
Quoting muzza
This should do what you want i think. http://www.ea-coder.com/download-equ.../#.UaR5Y5xGbAz
This looks perfect thank you ever so much
  • #4
  • Nov 20, 2017 7:34am Nov 20, 2017 7:34am
Among Trailing Equity EA's, as per my experience, Equity Sentry is the best one.

 

  1. Account equity drops to a certain level (money/percentage/pips)
  2. Account equity reaches a certain level (money/percentage/pips)
  3. Open trades (floating loss/profit) reaches certain level

It will close all running EA's and will shutdown your MT4 terminal (best in case you are copying signals from other traders)

EA can perform several actions on Trigger:

  1. Close open trades
  2. Delete pending orders
  3. Disable Autotrading on MT4 terminal, which makes all EA‘s to stop any operations or simply prevent them from opening, modifying or closing any trades on the account. EA disables Autotrading in a very simple manner by clicking the „Autotrading“ button pro grammatically in the top MT4 toolbar.
  4. Close MT4 terminal completely.

Attached File(s)
File Type: zip Equity Sentry 1.4.zip   202 KB | 1,447 downloads
.................
  • #5
  • Apr 26, 2018 7:23pm Apr 26, 2018 7:23pm
Quoting KashifNawaz
Among Trailing Equity EA's, as per my experience, Equity Sentry is the best one. Account equity drops to a certain level (money/percentage/pips) Account equity reaches a certain level (money/percentage/pips) Open trades (floating loss/profit) reaches certain level It will close all running EA's and will shutdown your MT4 terminal (best in case you are copying signals from other traders) EA can perform several actions on Trigger: Close open trades Delete pending orders Disable Autotrading on MT4 terminal, which makes all EA‘s to stop any operations...

This does NOT work on equity. See image. It works on P/L which is NOT equity.
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.jpg Size: 901 KB
  • #6
  • Last Post: Jul 19, 2021 2:09pm Jul 19, 2021 2:09pm
Equity Sentry does exactly what I want BUT I do NOT want any of the trades closed! Is there any way to prevent it from closing trades? I just want the auto trading to be disabled when a specified P/L is hit?
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