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CAP Equity Guard EA

5

The CAP Equity Guard MT5 is an expert advisor that constantly monitors the equity of your trading account and prevents costly drawdowns. The CAP Equity Guard EA MT5 is a useful tool for money managers! When an emergency procedure takes place, you are notified by visual, email and push alerts.

The EA performs the following tasks:

  • It monitors your entire trading account.
  • Easy to use! Just drag it to a random empty chart.
  • It will work perfectly, if MetaTrader restarts.
  • It can be workable with your existing EA.
  • Visual, mail and push alerts.
  • It can remove your external EA after target equity hit.


How to Use

Let us give you an example of how CAP Equity Guard works.

Attach EA to any blank Chart when you don't have any existing trade. For example, your equity is 1000 and you set EA's input 'Profit Type=In Currency' and 'Profit Value=5.0'. You start trading by manual or any other EA. When your current equity gain is 5 (mean total equity 1005), EA will close all trade and record new equity now 1005. Again your equity gain 5 from last recorded equity, EA trigger and close all trade. EA use global variable to record previous equity, so if your MT4 close or your VPS restart, EA will restore recorded equity from global variable. You can change/modify recorded equity from dashboard record equity input box.


Input Parameters

EA CONFIGURATIONS

  • Stop EA: if true, EA will stop
  • Profit Type: Select Profit Type
    1. In Currency: Profit in currency.
    2. In Percent: Profit in percentage base on account equity.
  • Profit Value: Set your profit value. When your Profit Type=In Currency this value is considered as currency, otherwise considered as percentage value.
  • Loss Type: Select Loss Type

    1. In Currency: Loss in currency.
    2. In Percent: Loss in percentage base on account equity.

  • Loss Value: Set your loss value.

DO THE FOLLOWING ON TRIGGER

  • Close all Open Trades: if TRUE, EA will close all active trade.
  • Delete all Pending Orders: if TRUE, EA will delete all pending orders.
  • Disable External Other EA: if TRUE, EA will remove your external EA after target profit/loss hit. But to do that you have to configure other settings properly. More Details.
  • EA Stop After Trigger: Select type, how long EA stop after trigger.

    • None: EA will not stop. It runs again after trigger.
    • Stop EA For X-Minute: EA will stop for X-Minute then runs again.
    • Stop EA For This Day: EA will stop for whole day. Next day EA run again.
    • Stop EA For Until Reset EA: EA will stop until you remove EA and attach again.

  • X_Minute: Put how long EA will stop after trigger. Value are minutes.
  • External_Chart_ID: Put External Chart ID (multiple values separated by commas).
  • Template_Remove_Name: Remove EA's template name (multiple values separated by commas).
  • Restore External EA After Trigger: if TRUE, EA will restore your external EA after Equity EA is working again.
  • Template_Restore_Name: Restore EA's template name (multiple value separated by commas).

NOTIFICATION

  • Enable Pop-Up Alerts: Enable text alert.
  • Enable Sound Alerts: Enable sound alert.
  • Send Email Alert: Enable email alert.
  • Send Mobile Notifications: Enable mobile notifications.

BASIC CONFIGURATIONS

  • Slippage: Set your trading slippage.


Keep In Mind (TWO IMPORTANT RULES)

1. Attach EA when you have no exiting orders.

2. EA work with equity gain or loss. If you deposit/withdraw money when your trade is open and Equity guard EA working, then EA will consider as equity gain/loss and trigger. Example: you set equity profit 5 and your record equity was 1000 so EA's target equity is 1005. Now you have five open trade and floating loss is -50. At this time you deposit new fund 100 and your current equity is (Previous Equity (1000)+Floating Profit/Loss (-50)+New Fund (100)=1050). In this scenario your new equity is bigger than your target equity. So EA will close all trade. But originally you have loss of 50. To avoid this type of situation, my recommendation is don't deposit or withdraw money when you have trade. If there is no trade you can deposit or withdraw money, there is no problem. In case you need deposit or withdraw money follow below:

  1. Stop EA by input setting.
  2. Deposit/Withdraw Fund.
  3. Modify your record equity input value.
  4. Run EA by click EA status button again.

Official Channel

To get product news, setting files, and free indicators, please subscribe to our Official Channel.


Author

Mohammad Ali, technical analyst and speculator, software engineer and founder of MEETALGO LLC.‌

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The Expert Advisor is a risk manager helping users to control their trading. In the settings, it is possible to specify the parameters at which the risk manager force closes the opened trades and closes the terminal as well, if it is needed to prevent opening trades on emotions, which do not correspond to the trading strategy. Link to Version for MetaTrader 5  Risk Manager settings Check limit to close   - check the equity limit Limit to close (account currency)   - equity limit that is checked
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FREE SIGNAL CHANEL:  https://t.me/redfox_daily_forex_signals Time saving and fast execution Whether you’re traveling or sleeping, always know that Telegram To Mt4 performs the trades for you. In other words, Our   Telegram MT4 Signal Trader  will analyze the trading signals you receive on your selected Telegram channels and execute them to your Telegram to MT4 account. Reduce The Risk Telegram To Mt4   defines the whole experience of copying signals from   Telegram signal copier to mt4  p
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Reply to review
Version 6.2 2023.09.15
FIXED BUGS: POP-Up alert not working, when equity trigger.
Version 6.1 2023.08.05
FIXED BUGS: Can't set new equity into Record Equity text box
Version 6.0 2023.01.01
Complied with new build
Version 5.10 2021.02.23
Product Update Info
ADDED: NEW INPUT – Add more Disable External inputs so you can disable more EA. previously terminal has input max limitation so user can't put chart id more then 20 chart. We add more three same Disable External inputs so you can add more chart id
Version 5.0 2020.07.04
-->Minor Update
Version 4.20 2019.11.12
-->New Input add
---> Equity Reset Type - Currently equity will reset when you have no open order. But in this version new input come you can have option how equity will be reset. there two option
1. When No Order- when you have no order equity will be reset.
2. When Trigger Hit- equity will be not reset until equity trigger will be hit (any profit or loss hit)
Version 4.0 2019.02.25
-->Minor improvements internal coding.
-->Nothing change product logic.
Version 3.0 2018.03.09
- Minor coding change.
Version 2.0 2017.12.15
- Bugs Fixed
==> Old version could not close trades opened by other EAs. It has been fixed in this version.

- New inputs
==> Disable External Others EA - if true, the EA also disables your other EAs after equity trigger (profit/loss).
But you need to put External EA's Chart ID and remove template name properly.
==> External Chart ID - put your chart ID number, for which you want to change a template. You can set multiple chart IDs separated by commas.
==> Remove EA's Template Name - template name to remove your external EA.
==> Restore External EA After Trigger - if you want Equity EA, also restore your external EA again after equity trigger then just set it to true.
==> Restore EA's Template Name - template name to restore your external EA.

- Other
==> Remove Running Button from dashboard. You can stop/run the EA by Input's Name "Stop EA".