I hope you can consider put equity balance at 00:00 as a default option like account balance at 00:00 in the future balance, so that can do everything in one AP instance. Thank you.
Account Protector
- Thread starter Enivid
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Looking to use on a prop challenge, trying to implement a ‘daily loss’ stop loss. Confusing which setting whether ‘>=‘ or ‘<=‘ and whether ‘+/-‘ value .
My understanding would be for a daily $2000 loss stop loss (Daily loss is less than Minus 2k);
‘Daily profit/ loss <= currency unit”
-$2000
Could someone please confirm?
My understanding would be for a daily $2000 loss stop loss (Daily loss is less than Minus 2k);
‘Daily profit/ loss <= currency unit”
-$2000
Could someone please confirm?
Yes, that's correct. Nevertheless, I recommend always to test any setup on a demo account first.
Thanks for your quick reply. Does daily loss include floating loss plus closed trades?
Please read at least the last few pages of this thread. This has been asked several times already.
There is no such feature in this EA. There is just a point-based TSL for each position separately or an overall equity trailing stop (hidden).
Understood. So is it possible to set: When total equity reaches 10% profit , then start the trailing SL with 100 point?
I noticed there is a Condition "Floating profit rises % of balance", and there is a "Profit value (points) to start trailing SL" under Main. How are these 2 parameters related?
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There is no relation between those two. The trailing stop feature that you see on the Main tab is completely independent on any Conditions or Actions. You can use the "Profit value (points) to start trailing SL" value to start trailing when a specific position has a given number of points in profit. There is no way to do the same with overall profit as percentage of the balance.
Thanks for your answer, so the parameters in the Main tab work on individual positions . So if I use the "Floating profit rises % of balance" as a condition to trigger the the trailing stop, it will applies to each position instead of overall profit. Is this understanding correct?
No, not all parameters. Equity trailing stop applies to the entire account.
No. You cannot use any condition from the Conditions tab to trigger a trailing stop from the Main tab.
There is no option to start trailing on some condition. The remaining two functions are there. If you want the AP to disable autotrading when such an equity trailing stop is hit, you need to implement this using two instances of the AP with GlobalSnapshots set to true. One instance would continuously update the equity snapshot as the equity grows (e.g., equity >= % of the snapshot set to 100.01) while the second instance would use the condition like equity <= % of snapshot set to, say, 99 (to trail 1% equity SL) with the actions to close all trades and disable autotrading.
Hi - I am running AP currently and everything is working as expected. I would like to do a demo on another pair on the same terminal. My question is this, once I set the filter to only monitor the symbol, set my condition, once the condition is fulfilled .. I have this setting for action "
Thanks!
- Close platform will close the MetaTrader platform. This will prevent any further operation of the attached expert advisor
Thanks!
Hi Enivid -
Quick question - I haven been using the "Equity-Snapshot and Snapshot-Equity"... one thing I noticed this setting does not take in current profit - so which setting is the equal to the above? Meaning if I have a "setting" set to not loose 200.00 but have made "100.00" technically the EA would not auto disable trading until -300.00.
Quick question - I haven been using the "Equity-Snapshot and Snapshot-Equity"... one thing I noticed this setting does not take in current profit - so which setting is the equal to the above? Meaning if I have a "setting" set to not loose 200.00 but have made "100.00" technically the EA would not auto disable trading until -300.00.
I'm not sure I understand what you mean, but if you take a snapshot before winning those $100, you can set the Snapshot - Equity condition to 200 and it will only get triggered when you lose $300 after gaining $100. For example:
- You start with $10,000 equity and take a snapshot at that value.
- You set the Snapshot - Equity condition to 200.
- You trade and gain $100 (either paper or closed) for the total equity of $10,100.
- You trade some more and lose $300 (again whether on paper or as a closed loss) for the total equity of $9,800.
- You condition gets triggered ($10,000 - $9,800 = $200).
Do you have an estimate when the next version wll come out for this adjustment?
Thank you
Good day -
Need help with settings. Not sure which one to select. I am using a prop firm so my % loss cannot be more than 4%. So that is one setting, the other setting is once I reach profit of $100.00, the EA will disable autotrading. So for the 4% and $100.00, which two conditions do I need to set?
Thanks so much!
Need help with settings. Not sure which one to select. I am using a prop firm so my % loss cannot be more than 4%. So that is one setting, the other setting is once I reach profit of $100.00, the EA will disable autotrading. So for the 4% and $100.00, which two conditions do I need to set?
Thanks so much!