Account Protector

[abmfcs]

Hi Enivid.

Me again with another request. is it possible for you to add a condition for rolling equity take profit? It is very similar to the "Equity >= % of snapshot", except what I am proposing will use a fixed dollar value above the snapshot.

In other words, what I am proposing is "Equity >= $ above snapshot". I am not a coder but I think this should be rather simple to implement considering you already have the percentage option built in. This dollar condition will be handy in situations where we are using a fixed lot size regardless of the account growth.

I would humbly request you to please please consider this. AP is already the most important tool for me and this feature will make it even more robust.

Btw, the workaround of setting up two AP instances to close large number of trades has been working well.

 

[Enivid]

Hi Enivid.

Me again with another request. is it possible for you to add a condition for rolling equity take profit? It is very similar to the "Equity >= % of snapshot", except what I am proposing will use a fixed dollar value above the snapshot.

In other words, what I am proposing is "Equity >= $ above snapshot". I am not a coder but I think this should be rather simple to implement considering you already have the percentage option built in. This dollar condition will be handy in situations where we are using a fixed lot size regardless of the account growth.

I would humbly request you to please please consider this. AP is already the most important tool for me and this feature will make it even more robust.

Btw, the workaround of setting up two AP instances to close large number of trades has been working well.

I'll consider adding this in the next version of Account Protector.

 

[cdhamo]

Hi. Can you please advise which setting I could set to protect the balance going into a negative?

 

[Enivid]

Hi. Can you please advise which setting I could set to protect the balance going into a negative?

Negative balance is something your broker should protect against. The only case where negative balance is possible is when the price slips or gaps past the broker's stop-out level. Account Protector won't be able to close your trades when even the broker's own stop-out facility fails.

 

[cdhamo]

Negative balance is something your broker should protect against. The only case where negative balance is possible is when the price slips or gaps past the broker's stop-out level. Account Protector won't be able to close your trades when even the broker's own stop-out facility fails.

Unfortunately with a pro account, the ASIC negative balance protection is waived.

 

[Enivid]

Unfortunately with a pro account, the ASIC negative balance protection is waived.

I understand... Unfortunately, AP won't help you here because negative balance can occur only in a situation when even the broker's server-side mechanisms fail - you cannot solve it from the client's side.

 

[cdhamo]

Hi Enivid. Can you please tell me if I want to enable the "breakeven" function on the main screen, do I need to attach the EA just once to the platform, or do I have to attach it to each chart/pair?

 

[Enivid]

Hi Enivid. Can you please tell me if I want to enable the "breakeven" function on the main screen, do I need to attach the EA just once to the platform, or do I have to attach it to each chart/pair?

One chart is enough, it will work for all symbols (unless filtered otherwise via the Filters tab).

 

[cdhamo]

T

One chart is enough, it will work for all symbols (unless filtered otherwise via the Filters tab).

Thanks for your quick response. I need some further assistance please. So I have set the 'Profit Value (pips) to move SL to breakeven' as 50, and 'extra pips' as 2. However, as you can see from my chart, the SL was set before 7 pips. Can you please help me rectify this?

 

[Enivid]

T

Thanks for your quick response. I need some further assistance please. So I have set the 'Profit Value (pips) to move SL to breakeven' as 50, and 'extra pips' as 2. However, as you can see from my chart, the SL was set before 7 pips. Can you please help me rectify this?

The Account Protector uses "broker's pips", which are fractional in your case. Multiple the values by 10 to get the standard pips you likely want.

 

[Pipnetter]

Can it be used to take partial profits?

 

[Enivid]

Can it be used to take partial profits?

Yes, you can take partial profits by applying the percentage close action.

 

[KeepOne]

Hello and thank you for answering our questions here .

I want to use Account Protector to move SL to BE from several orders in profit on the same instrument. Let's say I have two EURUSD buys opened and want to move SL to BE when both combined reach a 75 USD profit for example. If I only "filter by instrument" will it apply that "75 USD in profit" condition by performing a simple addition (example one is 30 USD in profit and the other 45 USD, then move to BE) or the condition isn't supported that way (applies to one trade only)?

 

[Enivid]

I want to use Account Protector to move SL to BE from several orders in profit on the same instrument. Let's say I have two EURUSD buys opened and want to move SL to BE when both combined reach a 75 USD profit for example. If I only "filter by instrument" will it apply that "75 USD in profit" condition by performing a simple addition (example one is 30 USD in profit and the other 45 USD, then move to BE) or the condition isn't supported that way (applies to one trade only)?

Unfortunately, BE, Trailing stop, and extra profit settings work on per-trade basis only. However, you could probably try using the Equity trailing stop feature to attain what you desire but very roughly.

 

[Enivid]

Version 1.05 has been released. It introduces quite a few important changes:
1. Added "Equity − snapshot" and "Snapshot − equity" conditions. (Suggested by @abmfcs)
2. Added "Chart price" conditions. (Suggested by @Trendy)
3. Added an optional delay between order closing (DelayOrderClose input parameter). (Suggested by @Robertosvjr)
4. Added an option (UseTotalVolume input parameter) to use total volume for close percentage calculation when closing multiple small orders.(Suggested by @Robertosvjr)
5. Added an input parameter (AdditionalFunds) for a trader to specify additional funds to add to the account's balance, equity, and free margin. (Suggested by @JohnyBravo345534)
6. Changed the Close percentage field in the Actions tab to accept non-integer values. (Suggested by @Robertosvjr)
7. Removed the alert about DLL Imports being disabled.
8. Fixed the removal of a leftover panel when re-attaching the Account Protector after a critical error.
9. Fixed handling of closed markets in MT5.
10. Improved compatibility of the MT5 version with cryptocurrency-denominated accounts and cryptocurrency instruments.

Please download, test, and let me know how it works for you!

 

[noobzai202]

Hi, i tried opening the mq4 file in metaeditor but immediately compiled it and many errors showed up and couldnt be compiled...

 

[Enivid]

Hi, i tried opening the mq4 file in metaeditor but immediately compiled it and many errors showed up and couldnt be compiled...

Are both Account Protector.mqh and Defines.mqh located in the same folder as Account Protector.mq4 when you compile it? What error messages you are getting?

 

[noobzai202]

Are both Account Protector.mqh and Defines.mqh located in the same folder as Account Protector.mq4 when you compile it? What error messages you are getting?

Its fine all good now! I wanna ask like do brokers manage to differentiate using this Risk Management EA and also normal trading EAs? If both of them have the same magic number.

 

[Enivid]

Its fine all good now! I wanna ask like do brokers manage to differentiate using this Risk Management EA and also normal trading EAs? If both of them have the same magic number.

Why would brokers need to differentiate those EAs?

 

[m4n0]

I had the settings set to close all trades and disable auto trading. But still, some of the trades went on beyond the equity in currency that I set. Lost two funded traded challenges because of that. May I know what I could have missed?