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Gain Guard MT4

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Published: 25 April 2024

Current version: 1.23

Gain Guard MT4

Utilities
Edgar Elsner
Version: 1.23
Updated: 11 June 2024

Gain Guard MT4

secures the profits of all or selected trades on one terminal or on several terminals with the same account number.

The selection can be configured according to Magic numbers and/or symbols, so that the Magic numbers and/or symbols that are not selected remain unconsidered.

What is it useful for?

For example, when several experts trade on one terminal and manual trading also takes place.

Experts have different strategies and SL/TP. In particular, some experts let the trades run relatively far into profit, only to later close with a loss at the Stop loss level as far as there is one set.

The trader can intervene here by overlaying his own profit strategy with that of the experts using Gain Guard MT4 in order to optimize the profit prospects or prevent large drawdowns.

If several experts are working on the terminal, not all of them will usually be in the profitable area at the same time or even have losing trades. Nevertheless, the sum of all open positions can, on average, show an acceptable total profit, so that closing all open positions at the same time already meets the profit expectation of the Trader.

This is particularly achieved with the [BULK] function. The profit/loss of all trades is summarized and the average profit determined is maximized using the virtual profit trailing function. In contrast to a static take profit, the trailing stop is adjusted if the average profit continues to rise.

If the [BULK] function is deactivated, individual trades can be selected according to magic number(s), symbol(s) and long and/or short positions.

Profit trailing is determined with two parameters:

- Minimum percentage of secured profit at trailing start (e.g. 75%)

- Maximum percentage of secured profit if profit continues to increase (e.g. 95%)

The trader can also choose between several trailing modes:

- "Exponential", "Percentage", "Static" and "Disabled"

If Gain Guard MT4 is not needed to be active or should be deactivated for a short time, it can be switched off using the [ON]/[OFF] button without having to deactivate the terminal's "Algo Trading", which then would also deactivate the active experts.

MT5 version is available here: https://www.mql5.com/en/market/product/105415

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Mount Gold EA MT5 is based on combinations of classic indicators that include trend following as well as oversold/overbought strategies for trading the XAUUSD pair and is suitable to trade on Prop firms account. It includes furthermore a powerful flexible configurable recovery mechanism as well as the option to place and close orders manually. For active Traders it makes it even more flexible for trading of further instruments than XAUUSD. All the trade entries and exits are provided by virtual

298 USD

TRADECOPY MASTER MT5 Over the years I developed TradeCopy MT4/MT5 for that purposes: I'm running several experts on one and/or different terminals and accounts. The trades opened by those experts, usually will not move straight away into profit zone. Very often they use to pullback more or less before ending up in profit (or in loss finally...). Improvement of profits (and limit losses) by additional controlling of trades that your experts on the TradeCopy Master part have been opened can be

FREE

Gain Guard MT5 secures the profits of all or selected trades on one terminal or on several terminals with the same account number. The selection can be configured according to Magic numbers and/or symbols, so that the Magic numbers and/or symbols that are not selected remain unconsidered. What is it useful for? For example, when several experts trade on one terminal and manual trading also takes place. Experts have different strategies and SL/TP. In particular, some experts let the trades run

FREE

TRADECOPY MASTER MT4 Over the years I developed TradeCopy MT4/MT5 for that purposes: I'm running several experts on one and/or different terminals and accounts. The trades opened by those experts, usually will not move straight away into profit zone. Very often they use to pullback more or less before ending up in profit (or in loss finally...). Improvement of profits (and limit losses) by additional controlling of trades that your experts on the TradeCopy Master part have been opened can b

FREE

TRADECOPY CLIENT MT4 Over the years I developed TradeCopy MT4/MT5 for that purposes: I'm running several experts on one and/or different terminals and accounts. The trades opened by those experts, usually will not move straight away into profit zone. Very often they use to pullback more or less before end up in profit (or in loss finally...). To improve the profits and avoid possible drawdowns of trades that have been opened by the accounts that are running the TradeCopy Master MT4/MT

49 USD

This indicator was developed by me, based on my experiences during my long term daily trading. It allows to get an excellent and compact overview about the current market situation without to have to monitor multiple charts. The default settings are widely used by traders. For example on sites like forexlive.com: https://www.forexlive.com/technical-analysis Features: The Moving Average Swiss Knife-like indicator for Daytraders Allows to setup of up to seven different MAs (MA and DEMA) to use on

30 USD

Traders Swiss Knife MT5 supports you to get the maximum out of your trading activities. No matter you are managing manual placed trades or you like to boost your third party Expert Advisor's trades. It works with currencies, cryptos, stocks and indices. Key Features: Virtual Trading Lines: free changeable in any direction or auto-placed by ZigZag indicator to build resistance, support, channels, triangles, wedges,… Order Types: Buy, Sell, Buy Limit, Sell Limit, Buy Stop, Sell Stop, OCO, Bracke

99 USD

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Version 1.23 2024.06.11

Fixed the issue where modifications of orders resulted an error occassionally