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Looking for an equity trailing EA

  • #1
  • First Post: Oct 19, 2016 11:48am Oct 19, 2016 11:48am
Hi All,

I'm looking for an EA that will trail my floating profit, same as a "regular" trailing stop or a Jumping Trailing Stop does.
I've found several EAs but they either trail by magic number only (I have several magic numbers in play when I trade) or have a static TP and/or SL.

What I'm interested in is, an EA that will BE+LOCK once floating profit reaches a certain amount in account currency and then start trailing when the TS level is reached in amount currency or a TS with Step will be activated or a percentage of the floating profit will be used for trailing.


Anyone familiar with something like that?


Thanks.
  • #2
  • Nov 24, 2016 4:42am Nov 24, 2016 4:42am
Bumping this one up again.

I've tried MPTM, ArgoLab and several others that had failed to do what I want (or advertised to do).
Any other suggestions would be greatly appreciated.


Thanks.
  • #3
  • Nov 25, 2016 4:44am Nov 25, 2016 4:44am
Yup, Flex EA has that exact feature but its commercial EA.
  • #4
  • Nov 25, 2016 4:50am Nov 25, 2016 4:50am
Quoting kinitex
Yup, Flex EA has that exact feature but its commercial EA.
Thanks.
Can you provide a link to it, please? Googling it got me to a trading EA and not MM EA (not to mention that it costs 1000$ )
  • #5
  • 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 | 895 downloads
.................
  • #6
  • Nov 20, 2017 10:00am Nov 20, 2017 10:00am
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...
Thanks, I used EquitySentry for quite some time but it wasn't trailing the equity, just closing everything when a certain profit was hit, the author of the EA wasn't interested in adding the trailing feature so I ended up writing something on my own (very ugly and far from finish but it does what I want it to do).
  • #7
  • Nov 20, 2017 11:53pm Nov 20, 2017 11:53pm
Quoting Reamasesa
{quote} Thanks, I used EquitySentry for quite some time but it wasn't trailing the equity, just closing everything when a certain profit was hit, the author of the EA wasn't interested in adding the trailing feature so I ended up writing something on my own (very ugly and far from finish but it does what I want it to do).

Have you tried version 1.4 of Equity Sentry? It has option of trailing equity.
.................
  • #8
  • Nov 21, 2017 12:26am Nov 21, 2017 12:26am
Quoting VEEFX
{quote} is this EA from a trusted source. Why is v1.4 writing Account #, account name and broker name in the log file? Seems fishy.

Downloaded from a forum. Here is the link (https://soehoe.id/money-management-e...-losses.t4193/)
I dont know which log file you are talking about? In what way it can harm? I know nothing about coding/programming.
.................
  • #9
  • Nov 21, 2017 1:27am Nov 21, 2017 1:27am
Quoting VEEFX
{quote} I am developing something similar but not to protect profit but prevent a max drawdown situation. Say max DD setting is 10% but I want to be proactive and start reducing my losses when 5% floating downdown (from PEAK equity and not from current AccountEquity() ) is reached. When 5%, reduce exposure by closing one MINLOT position size at a time to prevent DD. If all positions are closed out then MaxDD 'step' is set to 7.5% from PEAK equity. if 7.5% is reached then 10% and then 12.5% and then 15% which is my maximum loss capacity to bear....
I didn't quite get it, if all the positions are closed, why increase the MaxDD? And If you're increasing it like that, once everything is closed, if I understood correctly, then it's 5% + 7.5% + .... which brings you to more then 15% total for the account, or did I miss something?
You should talk to xmess on this, he's a great guy and very knowledgeable.

As for me, I'm more of an all or nothing, I treat my positions as basket for profit or loss.
  • #10
  • Nov 21, 2017 1:29am Nov 21, 2017 1:29am
Quoting KashifNawaz
{quote} Have you tried version 1.4 of Equity Sentry? It has option of trailing equity.
There's 1.8 now and no, I haven't. It looks like it's pips only and I'm interested in the currency TS and not by pips (I also didn't understand if it's per trade or per entire profit/loss and my writing my own ugly EA had allowed me to learn some MQL4, so I didn't go looking again).
  • #11
  • Nov 21, 2017 1:35am Nov 21, 2017 1:35am
Quoting VEEFX
{quote} is this EA from a trusted source. Why is v1.4 writing Account #, account name and broker name in the log file? Seems fishy.
Some of them do that, it's more of a habit, I think, in a neighboring forum the guy nearly always have the account number printed on the screen for his EAs, it's how he's used to it and that's about it for him, he won't change it.
If you are worried that it might send out your information, it can do that even without printing it into the log.
  • #12
  • Nov 21, 2017 1:38am Nov 21, 2017 1:38am
Quoting KashifNawaz
{quote} Downloaded from a forum. Here is the link (https://soehoe.id/money-management-e...-losses.t4193/) I dont know which log file you are talking about? In what way it can harm? I know nothing about coding/programming.
Ah, I just saw that Equity Sentry is מם' requiring a purchased license (and quite an expensive one, as that).
Free is better
  • #13
  • Last Post: Mar 5, 2018 9:29am Mar 5, 2018 9:29am
good thread. i also want precisely market following trailing, equity and for individual trades. More tight stops when Volatility is low. i want to set stops at most important price levels, and tightening the stops when trade gets older.
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