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Equity Protect

3

EquityProtect provides hidden StopLoss, TakeProfit or TrailingStop based on the account equity. All orders of all symbols can be closed or just the chosen currency and/or just buys or sells or pending orders deleted. EquityProtect closes all or just defined orders when the account equity falls under or rises over a certain level. Besides EquityProtect can use the account equity as trailing stop. A comment in the chart shows the equity where the robot will react.

mt5 version >>

EquityProtect is very useful for strategies with several open orders, even in different currency pairs or CFDs.

With default settings all open and pending orders will be closed if the account equity falls below the value set in MinEquity.

If MinEquity is set to 0 EquityProtect is disabled, unless MaxEquity or StartTrailEquity is set to a value higher 0.

Note: All equity settings just accept integers, whole numbers.

EquityProtect works in every chart.


Settings

  • MinEquity - Orders will be closed if the account equity falls below the set value.
  • MaxEquity - Orders will be closed if the account equity reaches the set value.
  • StartTrailEquity - When the account equity reaches the value MinEquity is set.
  • DistTrailEquity - When the set value StartTrailEquity is reached the (trailing) MinEquity value = StartTrailEquity - DistTrailEquity.
  • MinutesOffAfterClose - If set >0 EquityProtect is deactivated for set minutes after closing positions.

When the account equity rises 1$ (or whatever currency your account is) the trailing-MinEquity also rises 1$.

MinEquity, MaxEquity and StartTrailEquity can be used together.

  • CloseAllSymbols - All symbols will be closed if the account equity falls below or rises above set value.

If set to false just the orders in the currency where EquityProtect is attached to will be closed.

  • CloseBuys - Buy orders will be closed. Set to false just sell orders will be closed.
  • CloseSells - Sell orders will be closed. Set to false just buy orders will be closed.
  • DeletePending - Pending buy and sell orders will be deleted, depending on the CloseAllSymbols setting.
  • ShowComment - The comment in the chart shows the equity where EquityProtect will react.

If StartTrailEquity is set but still not reached and MinEquity set to 0 the comment shows: OrderClose Equity < 0

When StartTrailEquity is reached the comment shows the trailing-MinEquity.

Equity Protect provides hidden StopLoss, TakeProfit or TrailingStop based on the account equity.

Equity Protect closes all or defined orders when the account equity falls under or rises over a certain level. Besides Equity Protect can use the account equity as trailing stop. Equity Protect is very useful for strategies with several open orders even in different currencies.

Reviews 3
Yongqiang Chao
422
Yongqiang Chao 2017.11.15 23:43 
 

Function is great! Heiko Kendziorra is the best person in the world and I'm looking forward to waiting for an upgrade!

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4.86 (14)
Hi, all.  News trapper EA It is an expert for trading news very safe expert  Automated Trading on the news of the economic calendar. It shows stable trading during last 10  years. EA doesn't use dangerous technologies like martingale, grid. The Expert is very simple to use.      sale will end after 48 h how to install it     and set files     read the blog         after purchase contact me to add you to   VIP   channel  The program contains flexible settings for trading on the news of the econ
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Trend Magic Alarm
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The Trend Magic Alarm shows the direction of a trend and indicates when it changes with a sound, popup window, push or email notice. Blue dots in the chart indicate an uptrend, red dots indicate a downtrend. Levels of former highs + lows give orientation in a chart.  Trend Magic Alarm can draw these levels as lines in the chart, see inputs. Input Parameters Counter : number of bars used for calculation PowerSet : shows how near to the bars the trigger dots are placed DotSize : size of the show
The indicator shows support and resistance levels as horizontal lines. It shows the highs and lows of former days, weeks and month in every chart.  How to work with support and resistance levels show the EA  Limit Scalper and   the Universal Moving Average Expert Advisor (UniMA EA) .   When the tip of the coursor is on a line (mouseover) it shows the real value of the level and which high or low is shown, see explanation below. The indicator must be installed like an   expert advisor !  To
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Levels Trader
Heiko Kendziorra
The unique Levels EA trades dozens of profitable strategies in any chart. All  strategies  are   easy to understand,  can be edited and changed to trade other strategies, currencies, CFDs or timeframes. A handful of strategies can be  downloaded in the Comments section  and with some time and patience everybody can program own trading strategies without programming knowledge. With a little analytical mind it should be easy. No martingale, no grid, always just one order open with StopLoss. Levels
Limit Scalper
Heiko Kendziorra
5 (1)
Buy the dip - sell the spike. This simple strategy, executed with limit orders, makes slippage your friend. The extended Take Profit sets no limits to profits, often profits far above the normal scalping profit are achieved. See screenshots below. No martingale, no grid, always just one order open with StopLoss.  Live Signal:  https://www.mql5.com/en/signals/1495331   The default settings   are for   GBPUSD M5   chart.   Timing is important!   Set   SetUTC   (GMT) according to the timezone
Buy The Dip Util
Heiko Kendziorra
Buy The Dip Util is an  halfautomatic  expert advisor (EA), to   buy on dips (days lows) and sell on spikes (days highs). A profit can exceed a loss trade up to 10 times , so the user can have several loss trades and still make profit. Orders are opened at the change of the hour , if a button in the chart is pressed. The  Buy The Dip as EA  does this automaticly. The order stoploss is automaticly set right below the low of the former hour (buy) or right over the high (sell). The position s
Black Night
Heiko Kendziorra
Black Night is more than just another night scalper. It is focused on safety first for a long-term stable growth: It does not open trades in the difficult rollover hour when the spreads widen and liquidity is low.  If a trade is open it does not open trades in correlating currency pairs.     It   starts trading   one hour before   the 'usual' night scalping time to take profit without swap and before spreads widen - if possible .   It   needs no set files and works fully automatically with the d
Black Night mt5
Heiko Kendziorra
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Black Night is more than just another night scalper. It is focused on safety first for a long-term stable growth: It keeps trading activity low in the difficult rollover hour when the spreads widen and liquidity is low.  It   starts trading  one hour before   the 'usual' night scalping time to take profit without swap and before   spreads widen - if possible . If a trade is open it   does not   open trades in correlating currency pairs.   It   needs   no set files   and works fully automatically
Scalpelo
Heiko Kendziorra
Scalpelo is a unique full automatic trading system that cuts many small chunks out of market movements non-stop 24 hours a day  with surgical precision. In EURUSD it opens trades with limit orders, so slippage becomes your friend and internet speed is not an issue. NO   m artingale, grid trading or other dangerous method used, that at the end erases your account.  Always just one order open with StopLoss.  Live Signal >>      The default settings   are for   EURUSD M5   chart. Settings SetUT
EquityProtect provides hidden StopLoss, TakeProfit or TrailingStop based on the account equity. All orders of all symbols can be closed or just the chosen currency and/or just buys or sells or pending orders deleted. EquityProtect closes all or just defined orders when the account equity falls under or rises over a certain level. Besides EquityProtect can use the account equity as trailing stop. A comment in the chart shows the equity where the robot will react. An Alert can be activated and ope
Universal MA EA
Heiko Kendziorra
Trade any currency, crypto, cfd or stock in any timeframe depending on 2 moving averages , from scalping to position trading. All parameters and functions can be modified and de/activated in the settings, there's no hidden algorithm. The  Universal Moving Average Expert Advisor ( UniMA EA ) trades a simple strategy that works well with dozens of profitable settings. All backtest results shown in the screenshots below and tradet in the signals can be tested with the provided set files in the co
Outbreak
Heiko Kendziorra
2.21 (24)
Outbreak is a fully automated robot that   follows breakouts in EURUSD. It opens several trades a day and closes them the same day.  Always just one order open with StopLoss. More than 80% of the trades are   profitable   in historical backtests and in the Live trading signal  >>    Live tradingl of the second strategy here >>   NO   m artingale, grid trading or other dangerous method used, that at the end erases your account.  Usually Outbreak  is scalping  the market, cutting small profits
Tech EA
Heiko Kendziorra
Buy the dip - sell the spike of the US Tech 100 Index No martingale, no grid, always just one order open with StopLoss.  Live Signal: https://www.mql5.com/en/signals/2196371 The starting price is only for the first buyers, next price USD 399 and every week that ends with a profit, it increases by another 100. The default settings  are for the US 100 Tech(Cash) CFD   M15  chart, the default lotsizes are for an account of USD 10000.   The minimum account balance is USD 100 to trade 0.01 buy a
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Olga Snizhko
980
Olga Snizhko 2021.04.26 22:12 
 

Good... When will you fix Taipan that people paid you money for?

Yongqiang Chao
422
Yongqiang Chao 2017.11.15 23:43 
 

Function is great! Heiko Kendziorra is the best person in the world and I'm looking forward to waiting for an upgrade!

applebusa
29
applebusa 2016.06.13 09:00 
 

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Version 1.1 2017.12.05
Setting and function MinutesOffAfterClose added. It deactivates EquityProtect for set minutes after closing orders.