Equity Guardian EA | Foreign exchange EA download - MT4/MT5 resources

1. It does not place orders.
2. It does not modify existing orders.
3. It can be used with any other EA or manual strategy you like to use.

Features

1. Monitor equity, not just floating profit/loss.
2. It is possible to monitor all trades, trades submitted by any EA or trades submitted by a specific EA.
3. All monitored trades are closed if the equity falls below the specified loss limit (expressed as an amount or percentage of the opening balance)
4. If equity reaches the specified profit target, all monitored trades are closed.
5. Automatic trading can be disabled when closing a position is triggered.

Information panel example

Attached pictures

Attached picture (click to enlarge)

1. all pairs
2. Only the current pair

The magic number for monitoring

1. 0 = None: the EA will monitor all trades regardless of their magic number.
2. -1 = All EA transactions: the EA will only monitor and control the transactions submitted by the EA, i.e. manually opened transactions will not be affected or included in the profit and loss calculation.
3. >0 = Only monitor transactions for the requested magic number.

Opening balance date
The date and time when the EA calculates the initial balance.

refresh interval
How often the EA checks equity (in seconds).

close value

1. Balance Percent - The profit and loss figure is a percentage of the initial balance.
2. Amount - P&L figures are specific amounts (in the account currency).

Profit Target <br> The profit point at which the EA is triggered (eg 10% profit or $100 profit, depending on the basis for closing the position).
If set to zero, the EA will not check the profit amount and will never be closed when the account is profitable.

Loss Limit <br> The loss point at which the EA is triggered (eg 5% loss or $100 loss, depending on the basis for closing the position).
If set to zero, the EA will not check the loss amount and will never be closed if the account loses. This is not recommended!

Is commission included?
Whether commissions and swap fees are included in the current profit amount calculation.

Close based on date/time?
Whether to close all trades (regardless of profit or loss) on a specific date and time.

Closing date and time <br> Self-explanatory.

Close pending order?
Whether to close pending orders when liquidation is triggered.

Disable automated trading?
When set to true, the EA will disable automatic trading when triggered.

Enable tracking profits?
Whether to enable tracking profit function.

Track Profit Trigger Levels <br> Points (expressed as a percentage of the opening balance or a specific amount - see the Closing Value parameter ) trigger trailing profits.

Track Profits <br> Trailing profit should remain a distance behind the current profit.

Track Profit Steps <br> The amount to move each time profit is trailed.

Version 1.15:

1. New feature: Ability to close all transactions at a specific time every day.
2. Expiration date removed.

1. Validity extended to December 2022.

1. The validity period is extended until the end of June 2021.

1. Organize and process around achieved profit targets.
2. If set to zero, there is no check whether the profit target has been reached.
3. If zero, no check is made whether the maximum loss is reached.

1. Bug Fix: Stopped current tracking profit from resetting itself.
2. Bug fix: Using today's date to calculate opening balance when resetting by turning on automatic trading.

1. Bugfix: Corrected trailing profit function (correctly this time!).
2. Corrected calculation of opening balance for new accounts.
3. Corrected trigger for scheduled shutdown.
4. Added details to notifications.

Version 1.11:

1. Bug fix: Stop crashing on new accounts.
2. Bug fix: Corrected trailing profit function.

Version 1.10:

1. Added option to monitor only the current symbol.
2. Added option to close pending orders.
3. Added option to track profits.
4. Added option to send notifications.
5. Added option to include commissions and swaps in profit calculations.
6. Added option to trigger shutdown at specific date and time.
7. Various changes to the information panel.
8. Corrected calculation of opening balance.

Version 1.00