1. Welcome back! Thank you for being a part of this Traders Community. Let's discuss and share :)
    Selamat datang kembali! Trimakasih telah menjadi bagian dari Komunitas Trader ini. Mari berdiskusi dan berbagi :)
    Dismiss Notice

New EA Money Management EA Equity Sentry || Manage your wins & losses

Discussion in 'Expert Advisor atau Robot Forex' started by RonFroese, 31 Mar 2016.

  1. RonFroese

    RonFroese Member

    Equity
    Credit
    Ref Point
    Hey Buddys :),

    today I'm sharing with you a pretty simple EA that I'm using to manage my trades. It works also pretty well with other profit scalping and maritangle EA's to reduce the risk of trades.

    It can:
    1. Manage your loss / winn & stop your trades & EA's on a special point of loss / profit in
    1.1 Pips
    1.2 Percent
    1.3 Amount / Money
    2. Manage Trailing stops
    3. Many others :)


    Here is the full way to use it:

    • Double-click the script to execute or attach it to the desired chart
    • Once started EA will start monitoring current account equity and all upcoming closed trades
    • You can set EA to close all trades and disable all EAs when account equity reaches a certain loss or profit level in percent, money or pips. You can choose multiple options like close all trades when account reach certain profit in percent or certain loss in money.
    • You can set EA to close all trades and disable all EAs when certain cumulative profit or loss level is reached in money or pips.
    • Profit or loss target in money depends on your account currency. If you have USD account, profit/loss target will be in USD, if your account is in USD, profit/loss target will be in USD.
    • By default EA will manage all trades running on your account, but you can override this by setting certain magic number in EA settings.
    • All values must be positive.
    • By default EA is set to disable all Expert Advisors on equity trigger. This means that after EA will close all trades it will try to disable all EAs by virtually clicking “Expert Advisor” button on your Metatrader toolbar. This will disable all EAs including Equity Sentry and no trades should be opened by any EA until manual intervention. Note that we can not guarantee that this will affect all EAs. Some EAs (like for Renko or other offline charts) work in different mode and they can not be disabled until removed from chart.
    • You can set EA to use Trailing Stop and/or BreakEven function on your trades.

    Here is the explenation of all settings:

    DisableAllExpertAdvisors
    by default this is set to true and it means that EA will disable all Expert Advisors on equity trigger or certain cumulative profit/loss reached. This means that after EA will close all trades it will try to disable all EAs by virtually clicking “Expert Advisor” button on your Metatrader toolbar. This will disable all EAs including Equity Sentry and no trades should be opened by any EA until manual intervention.

    CloseMetatraderCompletely
    by default this value is set to false. If you set it to true EA will close MT4 platform completely on equity trigger or certain cumulative profit/loss reached. This is very useful if you use trade copier software to receive trades as most of the trade copiers does not stop operating when “Expert Advisors” are disabled.

    EquityLossPercent
    when account loss equity in percent will reach this value EA will close all trades. Set this value to zero to disable it

    EquityLossMoney
    when account loss equity in money (account currency) will reach this value EA will close all trades. Set this value to zero to disable it

    EquityLossPips
    when account loss equity in pips will reach this value EA will close all trades. Set this value to zero to disable it

    EquityProfitPercent
    when account profit equity in percent will reach this value EA will close all trades. Set this value to zero to disable it

    EquityProfitMoney
    when account profit equity in money (account currency) will reach this value EA will close all trades. Set this value to zero to disable it

    EquityProfitPips
    when account profit equity in pips will reach this value EA will close all trades. Set this value to zero to disable it

    MagicNumber
    this is where you set magic number. If set to zero (default), EA will manage all trades. Set this variable to a certain value and EA will manage only the trades with the specified magic number

    CumulativeLossMoney
    when cumulative profit/loss amount in money (account currency) will reach this loss level EA will close all trades. Set this value to zero to disable it. Value must be positive.

    CumulativeLossPips
    when cumulative profit/loss amount in pips will reach this loss level EA will close all trades. Set this value to zero to disable it. Value must be positive.

    CumulativeProfitMoney
    when cumulative profit/loss amount in money (account currency) will reach this profit level EA will close all trades. Set this value to zero to disable it. Value must be positive.

    CumulativeProfitPips
    when cumulative profit/loss amount in pips will reach this profit level EA will close all trades. Set this value to zero to disable it. Value must be positive.

    TrailStopStartPips and TrailStopMovePips
    EA will activate Trailing Stop function when trade goes in profit by pips value set in TrailStopStartPips. Once activated EA will move stop loss in profit every pips value set in TrailStopMovePips

    BreakEvenStartPips
    sets how many pips trade should get into profit before stop loss is moved to the entry price. BreakEvenMovePips is used to set how many pips EA must add to the entry price if you want your trade to be closed in profit on reverse.


    Happy & Save trading!:ok:
    :rock:


    Cheers
    Ron
     

    Attached Files:

    • Like Like x 3
  2. merlin1331

    merlin1331 Member Credit Hunter

    Equity
    Credit
    Ref Point
    thanks for your sharing. it is a good stuff for us :ok:
     
  3. Allstar D.Ray

    Allstar D.Ray Member Credit Hunter

    Equity
    Credit
    Ref Point
    Many Thanks for sharing brother, let me try your best ea. Regards
     
  4. Allstar D.Ray

    Allstar D.Ray Member Credit Hunter

    Equity
    Credit
    Ref Point
    Many Thanks for sharing brother, let me try your best ea. Regards
     
  5. Mispan

    Mispan Member Pioneer

    Equity
    Credit
    Ref Point
    thanks for sharing brother
     
  6. Allstar D.Ray

    Allstar D.Ray Member Credit Hunter

    Equity
    Credit
    Ref Point
    hii buddy, could you tell me a bit explanation to make this EA work? i have been try it on BT, but till now it doesn't open any position.
    what best pair & TF to used it? have you tried this ea previously on BT or FT? Regards :)
     
  7. RonFroese

    RonFroese Member

    Equity
    Credit
    Ref Point
    Hi Allstar :), this EA wouldn't make any profit on it's own... Like I said I'm only using it with other EA's to make my trades more save and reduce risk of DD's.
    Wish you the best of Luck!
    Cheers
     
  8. jonnytel987

    jonnytel987 New Member

    Equity
    Credit
    Ref Point
    4/5,
    This is my review for this thread:
    nice job
     
  9. dinoforexpb

    dinoforexpb Member Credit Hunter

    Equity
    Credit
    Ref Point
    Thanks..it is usefull to close my weekly trade..:ok: :)
     
    • Agree Agree x 1
  10. Putrafx

    Putrafx Member Credit Hunter

    Equity
    Credit
    Ref Point
    Happy new years for all 2017 semoga jadi tahun withdraw
     
  11. Sujad

    Sujad New Member

    Equity
    Credit
    Ref Point
    This will definitely play an important role to secure the fund and generate profit if it work as instructed.

    Basically i want to set this EA to close all the running trade (including tax position running with minus figure) when the profit reach on a certain amount while keeping other EAs' to active.

    I know that is a simple set up and i have been trying to do that. However i am not sure if i need to do any adjustment with slippage, magic number and Dashboard Display. Please help to clarify

    Thanks
    Sujad
     
    Last edited: 21 Apr 2017
  12. ossama

    ossama New Member

    Equity
    Credit
    Ref Point
    Thanks a lot for such useful EA.:ok::ok::ok:
     
  13. harvest_093

    harvest_093 Member Credit Hunter

    Equity
    Credit
    Ref Point
    5/5,
    This is my review for this thread:
    Very useful item for me. This EA eliminate your loss trade on news.
     
  14. vincent villasante

    vincent villasante Member

    Equity
    Credit
    Ref Point
    where is .dll? not working?
     
  15. chihkun

    chihkun New Member

    Equity
    Credit
    Ref Point
    thanks for sharing

    this means the exactly value like equity reach $1000 stop ? or the Increasing number $500 -> $800 , $300 ??
    EquityProfitMoney
     
  16. fxtadeusz

    fxtadeusz New Member

    Equity
    Credit
    Ref Point
    if someone has a new version
     
  17. DARAKU

    DARAKU Member Credit Hunter

    Equity
    Credit
    Ref Point
    This is my review for this thread:
    BEST EA EVER!
     
  18. rizali

    rizali New Member

    Equity
    Credit
    Ref Point
    hi, RonFroese, nice ea, it give me great help to manage trade, thanks .
     
  19. StefHelder

    StefHelder New Member

    Equity
    Credit
    Ref Point
    5/5,
    This is my review for this thread:
    thanks for sharing
     
  20. StefHelder

    StefHelder New Member

    Equity
    Credit
    Ref Point
    Thanks for sharing
     

Share This Page