Free Equity guard tool | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Equity drawdown indicator or tool - Where to find? 4 replies

Free Order Tool w/ Extras 1 reply

Difference between Total equity and Realized equity? 4 replies

Desktop Crosshair: Nifty little Free tool 0 replies

Box Spreads of Equity Index Options on Futures as a Financing Tool 0 replies

Attachments: Free Equity guard tool
Exit Attachments

Free Equity guard tool

  • #1
  • First Post: Edited Sep 7, 2011 10:21pm Mar 22, 2009 9:33pm | Edited Sep 7, 2011 10:21pm
Hello ,
I don't know whether there has already been such a kind of tool in this forum. I just want to share my own to you. It 's 100% free.

it can moditor the equity or banlance of your account ,you have 3 ways to set target ,there are all optional.
1 is the Maximal equity target.
2 is the Minmal equity target.
3 is the Drawdown from the highest equity.

when the target is reach,it can close all all trades or pending trades or disable the EA button.

Allply this ea to One chart is enough. any one is ok. it will check the changes of equity every 0.5 second.

when this ea is running ,Press F7 cann't call out the window to set parameters.
If you want to change the parameters ,you must remove the ea from the chart first,and then apply it to the chart again and set the parameters.


Feel free to use it and share it with your friends this free tool.http://www.forex-tsd.com/images/smilies/party.gif

the new version 1.2c is more robust. thanks all
Attached File(s)
File Type: mq4 EquityGuard1.2c.mq4   11 KB | 3,513 downloads | Uploaded Sep 7, 2011 10:19pm
  • #2
  • May 7, 2009 3:25pm May 7, 2009 3:25pm
Quoting lee_yan_cn
Hello ,
I don't know whether there has already been such a kind of tool in this forum. I just want to share my own to you. It 's 100% free.

it can moditor the equity or banlance of your account ,you have 3 ways to set target ,there are all optional.
1 is the Maximal equity target.
2 is the Minmal equity target.
3 is the Drawdown from the highest equity.

when the target is reach,it can close all all trades or pending trades or disable the EA button.

Allply this ea to One chart is enough. any one is ok. it will check the changes of equity every...
Good day,
thank you for your kind efforts in making your utility available to beginers. I sent an e-mail to the address displayed on the EA and I hope I receive a response soon.

Anyone reading this and is in contact with the programer, kindly ask that he reads an respond to main on this EA.

I have found the following, which if changed could assit with the EA's usability. (A) It gets disbled if other EA's are giving pop-up alerts. Can it be modified, so that it does not do this?
(B) Does not alow an otion to cycleagain

(1) once it kills existing trades, it could have an option to for an automatic reset for itself (as well as turning back on the EA function in MEtaTrade), based on a pre-computed metric say, I wish to operate in a 1000, pip or $ range split such that Equity target(profit) is at say 550 in front and (drawdown of 450 Pips or $).

This could also be of say a target of 10 % Equity advance and a 5-7.5% Equity drawdown in any cycle, for another equity level monitoring alternative.
(2) It needs to allow other EA’s to function normally Pop-up or otherwise
(3) Once the “close all trades” metric is satisfied, then every open trade is killed in (1), and a new trade/equity management cycle is started. Incidentally, here could have been an upfront option to determine if it is a “stand alone/manual operation” or a “cycle/automatic mode” for the Equity monitoring was desired. One operates once and need to be reset, the other continues until there base level equity is reached say $200.00 (say 5-10% of opening equity, personal margin call if you will) or till stopped manually or a weekly timer.

My e-mail is availablekindy respond. I have some other ideas, for functioning of EA's but I am unable to code at the moment. I am will ing to partner with someone in this regared. The programer of this EA would be one such person I would like to team up with.

Thanks fprypue reading.
  • #3
  • Feb 2, 2013 12:26pm Feb 2, 2013 12:26pm
Anyone who are using this tool, please help.

It worked fine and now I am getting messages when i import it on the chart.

"Please Reset EquityGuard Parameters
Wrong Parameter for Maximal Target"


I have not done anything different then before, it just coming up with tese messages? How to solve it?
  • #4
  • Dec 19, 2013 6:31am Dec 19, 2013 6:31am
MaximalTarget must be > than your accountbalance (or equity?) ...
MinimalTarget must be < that ...
PM me with coding requests and I'll probably put you on my ignore list
  • #5
  • Dec 21, 2013 9:14am Dec 21, 2013 9:14am
Anyone still using it? Is it working?
Does it read equity or balance?
  • #6
  • Apr 3, 2014 11:24am Apr 3, 2014 11:24am
The EA reads Equity not Balance... till now.... because here is a new build 625 MT4. The EquityGuard doesn't work with this new build. Can anyone fix this issue?. It works with 610 but not with build 625.

This EA is an awesome tool folks, please, if someone can fix it... Thanks a lot!!
  • #7
  • Apr 3, 2014 11:28am Apr 3, 2014 11:28am
try compiling with the build 509 editor ( http://www.forexfactory.com/showthread.php?t=470340 ), then copy the .ex4 file (not the mq4) to your experts folder ...
PM me with coding requests and I'll probably put you on my ignore list
  • #8
  • Apr 3, 2014 1:39pm Apr 3, 2014 1:39pm
I did that but... the EA only desactivates the EA's but not closes open orders nor pending. It seems that only works one feature "DisableAllEas"... Thanks anyway "fxdaytrader"
  • #9
  • Jun 20, 2014 6:24am Jun 20, 2014 6:24am
Here is the fix by Dadas :
Attached File(s)
File Type: mq4 EquityGuard1.2c fix by Dadas for build 646.mq4   12 KB | 2,691 downloads
  • #10
  • Jan 18, 2015 4:26am Jan 18, 2015 4:26am
Is this one help on the CHF announcement?
  • #11
  • Dec 20, 2016 3:19pm Dec 20, 2016 3:19pm
Thanks 
  • #12
  • May 30, 2018 5:31pm May 30, 2018 5:31pm
Quoting Marek8
Here is the fix by Dadas : {file}
hello Marek....its so useful,,,thx for that EA...
but i need it to dis-activate EA before deleting order or at the same time...can you do it please...If my EA still runing ,it will drop more pending orders...for that i need to dis-activate it first.....
thx a lot for both sides doing or not....
with respect
  • #13
  • Jun 28, 2018 10:16am Jun 28, 2018 10:16am
Quoting Moudi
{quote} hello Marek....its so useful,,,thx for that EA... but i need it to dis-activate EA before deleting order or at the same time...can you do it please...If my EA still runing ,it will drop more pending orders...for that i need to dis-activate it first..... thx a lot for both sides doing or not.... with respect
same issue here.. my other expert still opens trade till expert fully disabled. so one position still open after disabling.. have you any fix?
Would be cool if the expert could prevent opening further psoitions by other EA till expert is diabled
  • #14
  • Aug 26, 2018 12:16pm Aug 26, 2018 12:16pm
Quoting Marek8
Here is the fix by Dadas : {file}

Anybody add these

extern int StopLoss=100;
extern int TakeProfit=300;
extern int BreakEven=100;
input bool WorkAsTradManager=false;
input bool MaxLot=2;
input int MaximumOrdersPer24=1;
input int MagicNumber=13341;
input string StartTime1="07:00";
input string EndTime1="09:20";
input string CloseTime="00:00";
extern int StartTrail=100;
extern int TrailingStop=50;
extern int TrailingStep=10;
input string MondayStartTime="10:00";
input bool UseCloseFriday=true;
input string FridayCloseTime="15:30";
input string DisableTime="23:59";
input string FridaydisbleTime="19:59";
Attached File(s)
File Type: mq4 EquityGuard1.2c fix by Dadas for build 646.mq4   24 KB | 1,071 downloads
  • #15
  • Apr 16, 2020 9:31am Apr 16, 2020 9:31am
Hi,
I made some changes, add the step parameter.
Attached File(s)
File Type: ex4 EquityGuard JM.ex4   38 KB | 1,020 downloads
  • #16
  • Jun 6, 2020 7:12am Jun 6, 2020 7:12am
Quoting jdmartins
Hi, I made some changes, add the step parameter. {file}
Hi jdmartins ..
thanks for your nice EA .
but i have a question .how i can use equity step i don't understand it .
thanks for your help
  • #17
  • Aug 29, 2020 9:35am Aug 29, 2020 9:35am
Quoting msldin
{quote} Hi jdmartins .. thanks for your nice EA . but i have a question .how i can use equity step i don't understand it . thanks for your help
Hi msldin,
Let me try to explain the equity step.
For example, if you define maximal target at 1000 and step for 10, once your equity reach 1000 all the open trades will be closed and your maximal target pass to 1000+10(step), and then if the equity reaches 1010 then all the orders will be closed and the maximal target pass to 1010+10 and so on.
This is good when you use EA that open many orders,
  • #18
  • Dec 9, 2020 9:13pm Dec 9, 2020 9:13pm
Quoting jdmartins
{quote} Hi msldin, Let me try to explain the equity step. For example, if you define maximal target at 1000 and step for 10, once your equity reach 1000 all the open trades will be closed and your maximal target pass to 1000+10(step), and then if the equity reaches 1010 then all the orders will be closed and the maximal target pass to 1010+10 and so on. This is good when you use EA that open many orders,
Hi Jdmartins,
Your EA more powerful for me, Thanks very very much.
Please Add fuction Moblile Notficatios alert in your EA (EquityGuard JM).
I think Moblile Notification can tell us when Maximal-Minimal Target and We open MT4 for check.

Please advise.
Fourmerge
  • #19
  • Jan 3, 2021 11:49am Jan 3, 2021 11:49am
Quoting fourmerge
{quote} Hi Jdmartins, Your EA more powerful for me, Thanks very very much. Please Add fuction Moblile Notficatios alert in your EA (EquityGuard JM). I think Moblile Notification can tell us when Maximal-Minimal Target and We open MT4 for check. Please advise. Fourmerge
You are welcome!
Unfortunately I don't know how to do that, I'm not a programmer, I'm just a curious.
What I can do is share the mq4 file if anyone wants to change it.
What I can do is share the mq4 file if anyone wants to change it.
  • #20
  • Edited Jan 8, 2021 4:44am Jan 4, 2021 8:43pm | Edited Jan 8, 2021 4:44am
Quoting jdmartins
{quote} You are welcome! Unfortunately I don't know how to do that, I'm not a programmer, I'm just a curious. What I can do is share the mq4 file if anyone wants to change it. What I can do is share the mq4 file if anyone wants to change it.
Hi Jdmrtins,

Thanks for your reply,

Please Share the Mq4 , My email is { email address deleted by staff }

Please tell me your email for my contact you.

Thanks very much,

Happy New Year for you and everybody.

Fourmerge,
0 traders viewing now