Development of ea for mt5, changes in old ea

Risk Manager v3: 5 OCT 2022

1) Apply Stop loss -Each Trade : True or False

    Stop loss in %

    Stop loss in Pips :

If its True and trade are open without SL it put SL automatically , but if SL is there already coming by user

This will Over right our SL Automatically.

2. Apply Daily Stop loss : True or false

    Daily SL Risk USD: input in USD amount if 0 mean this is disabled.

    Daily SL Risk %. : Ask percentage in number input =Its Account balance %

Note: in Daily Stop Loss: It calculate Net Loss (Gross profit-Gross loss) current trading day, if it reach near to Amount in USD or % of balance it Close open trade all and Disable Algo Trading for that day and re-open next trading day Automatically Next day 00:00 (12 AM) or Time zone Start time (read point 4)

3. Apply Maximum Stop Loss : True or False

    Maximum SL Risk in USD:  0 is to disable

    Maximum SL Risk  in % : like 10% (its % of Account balance)

we store balance when EA apply ,calculate and store this amount like 10000 USD is starting balance when we apply this EA so 10% is 1000 USD if we loose daily 2% mean in 5 wrong day we lose 10% of Initial balance it close any open position and Stop Algo Trading and Don’t start next day. It can only work if we remove this EA and reapply again.

4. Trading Time Zone:  Enable /Disable

Start Time  UTC-5: 0:00

End Time UTC-5: 23:59

Note :

1) If we enable: If Daily Risk Loss reach it will start Trading day 00:00 as per  start time time Zone input.

If I set in start time UTC: 9: 30 AM New York *UTC -5 Eastern Time Zone  it enable Algo trading that time.

If we set start time UTC: 00:00 it enable accordingly .

2) If we don’t enable Trading Time Zone: in Disable mode

It use Broker time to start Algo trading option .