Account Protector

[johnd135792]

Hi,

Could I check if i select filter to a certain magic number and action "Disable autotrading", will it disable for that magic number only or the whole terminal?
If it is the latter case, is there any way to disable autotrading for a particular magic number only?
Thanks.

 

[Enivid]

Hi,

Could I check if i select filter to a certain magic number and action "Disable autotrading", will it disable for that magic number only or the whole terminal?
If it is the latter case, is there any way to disable autotrading for a particular magic number only?
Thanks.

Disable autotrading works for the entire platform. There is no way to disable autotrading for specific magic number only.

 

[chrissezhi]

Thank you for a great product and your continued efforts!

Question - if I set "equity trailing stop (hidden)" = 100.00 but no action or condition is set, which this do anything? What about multiple trades?

 

[Enivid]

Thank you for a great product and your continued efforts!

Question - if I set "equity trailing stop (hidden)" = 100.00 but no action or condition is set, which this do anything? What about multiple trades?

Equity trailing stop works without actions/conditions. If the equity falls behind its maximum value by the set amount ($100) in your case, all trades are closed.

 

[chrissezhi]

Equity trailing stop works without actions/conditions. If the equity falls behind its maximum value by the set amount ($100) in your case, all trades are closed.

Thank you for the quick reply - can the trailing stop be added if trades are already in progress? Say for example I have equity in currency > 500 …. I say to myself I want to make sure that I at least bank 300.00. I could enter that amount on trades already in progress. If balance hits 300.00 and not 500.00 all trades will close. Btw - Merry Christmas and Happy New Year!!!

 

[Enivid]

Thank you for the quick reply - can the trailing stop be added if trades are already in progress? Say for example I have equity in currency > 500 …. I say to myself I want to make sure that I at least bank 300.00. I could enter that amount on trades already in progress. If balance hits 300.00 and not 500.00 all trades will close. Btw - Merry Christmas and Happy New Year!!!

It will work even if the trades are already in progress. However, if we work with your example, it won't trigger when equity hits 300. If you set 300 value there, it will trigger at 200 if the prior maximum equity was 500.

EDIT: It's not an "equity stop-loss", it's "equity trailing stop".

 

[Handsfree6976]

Hi Enivid. Thank you so much for creating such a wonderful EA.
Regarding the Equity trailing stop (hidden) feature, it would be amazing if you could upgrade it with the second option: set the equity trailing stop value in percent - Equity trailing stop (hidden), %
The scenario would be account equity peaked at 600, and the input Equity trailing stop (hidden), % set at 10%. When equity fall back to 535 which equivalents to ~10.83% draw down, it meets input condition >= 10% then Account Protector will close all positions and delete all pending orders.
Thank you.

 

[Enivid]

Hi Enivid. Thank you so much for creating such a wonderful EA.
Regarding the Equity trailing stop (hidden) feature, it would be amazing if you could upgrade it with the second option: set the equity trailing stop value in percent - Equity trailing stop (hidden), %
The scenario would be account equity peaked at 600, and the input Equity trailing stop (hidden), % set at 10%. When equity fall back to 535 which equivalents to ~10.83% draw down, it meets input condition >= 10% then Account Protector will close all positions and delete all pending orders.
Thank you.

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

 

[Handsfree6976]

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

Thank you so much. Do you have ETA for the next version of Account Protector?

 

[PaulDvor]

Hi, guys. I just got a question: since I'm a very emotional person I'm looking for something that won't allow me trading if I reach a certain amount of Daily Drawdown. I've been funded a few times, but in the end it all comes to a point that I blow accounts because of revenge trades after losing ones.

So, can this EA block the whole MT5 platform so I can't trade until next day or something? It's very important that there should be no way of walk-around when you're blocked. If no, can something like this be coded?

 

[Enivid]

Thank you so much. Do you have ETA for the next version of Account Protector?

There is no ETA at all. Could be next few weeks or it could be late in 2024.

 

[Enivid]

Hi, guys. I just got a question: since I'm a very emotional person I'm looking for something that won't allow me trading if I reach a certain amount of Daily Drawdown. I've been funded a few times, but in the end it all comes to a point that I blow accounts because of revenge trades after losing ones.

So, can this EA block the whole MT5 platform so I can't trade until next day or something? It's very important that there should be no way of walk-around when you're blocked. If no, can something like this be coded?

No, the Account Protector cannot block your platform. It can either disable auto-trading (which you can easily re-enable) or it can close your platform (you would still be able to launch it again). It cannot prevent you from purposefully blowing your account.

 

[Trevor978]

With "Close % of positions", can we do it several times (renew the condition for the same position?) For example: I put a certain EURUSD price it closes 20% and then I put another EURUSD price for another close at 30% of the same trades.

If it's possible I'd like to know, for example 1000 lots, he then closes 200 lots, there are 800 lots left, for the 2nd close will he take 30% of 1000 (initial) or 800 remaining ? = 300 lots or 240 lots (800x0.3) ?

Can you ensure that the initial lot of the position is taken into account for all partial closes (here 1000 in the example) ?

 

[Paiw11]

Do I need a VPS all the time? If I switch off my PC, are the conditions still saved?
(and for Position Sizer EA? I also have the same question)

 

[Enivid]

With "Close % of positions", can we do it several times (renew the condition for the same position?) For example: I put a certain EURUSD price it closes 20% and then I put another EURUSD price for another close at 30% of the same trades.

If it's possible I'd like to know, for example 1000 lots, he then closes 200 lots, there are 800 lots left, for the 2nd close will he take 30% of 1000 (initial) or 800 remaining ? = 300 lots or 240 lots (800x0.3) ?

Can you ensure that the initial lot of the position is taken into account for all partial closes (here 1000 in the example) ?

First, you need to use two separate instances of AP on two different charts to make two actions trigger separately.
Second, you'd need to calculate the second % value taking in mind that the first AP already closed 20% of volume. This means that you cannot use 30% in the second AP if you want it to close 300 lots. You need to use 37.5%.

 

[Enivid]

Do I need a VPS all the time? If I switch off my PC, are the conditions still saved?
(and for Position Sizer EA? I also have the same question)

Your conditions are saved if you turn off the PC. And the same is true for the Position Sizer - its panel fields will get restored when you turn your PC off and then on again. However, the Account Protector won't be doing anything if you turn your PC off. It won't monitor the conditions and won't trigger actions. If you want it to actually work while your PC is off, you need to install it on a VPS.

 

[AudiRS6]

First, you need to use two separate instances of AP on two different charts to make two actions trigger separately.
Second, you'd need to calculate the second % value taking in mind that the first AP already closed 20% of volume. This means that you cannot use 30% in the second AP if you want it to close 300 lots. You need to use 37.5%.

Hi, I'd like to know more about this too. If you do 2 partial closes, you need to use 2 different charts, i.e. another Metatrader terminal with AP installed on it? (3rd partial close of the same position = 3rd Metatrader terminal ?...).
Can you specify: before setting up the % of the 2nd partial close, you have to wait for the first partial close to finish first, then you can programme and activate the 2nd partial close? I mean, not until the first closing has taken place.

 

[AudiRS6]

Please can you answer I plan to set up this week

 

[Enivid]

Hi, I'd like to know more about this too. If you do 2 partial closes, you need to use 2 different charts, i.e. another Metatrader terminal with AP installed on it? (3rd partial close of the same position = 3rd Metatrader terminal ?...).
Can you specify: before setting up the % of the 2nd partial close, you have to wait for the first partial close to finish first, then you can programme and activate the 2nd partial close? I mean, not until the first closing has taken place.

You don't need a second MetaTrader terminal for that. You can set two APs on two different charts of the same MetaTrader. You can either set them up both at the same time or set up the second one after the first one triggers.

 

[AudiRS6]

Thank you very much, I don't want to bother you too much, but how do you put 2 charts of the same asset on the same Metatrader? if you can give me the quick steps and sections please