Free account protection ea, download at title.
MT5 version at title
This Expert Advisor constantly monitors the equity of your trading account to prevent costly drawdowns or comply with trading rules. When a certain drawdown level is reached, the EA will close all trades and pending orders. Optionally, it can also close all charts to remove all EAs operating in the account. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ]
Other features are:
MT5 version at title
PZ Equity Guardian EA MT4
This Expert Advisor constantly monitors the equity of your trading account to prevent costly drawdowns or comply with trading rules. When a certain drawdown level is reached, the EA will close all trades and pending orders. Optionally, it can also close all charts to remove all EAs operating in the account. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ]
Other features are:
Input Parameters
- Account Balance: The EA lets you set a desired reference account balance. If set to zero, the EA will use the current account balance and update its value as long as it is executing. Therefore the account balance will contain either your desired reference account balance, or the highest value achieved during the EA's current execution.
- Maximum Drawdown: Maximum drawdown in percentage terms allowable in the account. When the drawdown level is surpassed, the EA will close all trades and pending orders, and optionally, close all charts to prevent EAs from further trading.
- Stop Automated Trading: If enabled, the EA will close all charts on the platform to prevent further trading if the drawdown level is reached. If disabled, the charts will remain open and the EAs trading in the account will keep trading.
- Alerts: Enable or disable alerts of all kinds.
- Slippage: Max slippage allowed on order closing.
- Account Balance: The EA lets you set a desired reference account balance. If set to zero, the EA will use the current account balance and update its value as long as it is executing. Therefore the account balance will contain either your desired reference account balance, or the highest value achieved during the EA's current execution.