Money Management EA Equity Sentry || Manage your wins & losses

Hey Buddys

at present I am sharing with you a reasonably easy EA that I am utilizing to handle my trades. It really works additionally fairly nicely with different revenue scalping and maritangle EA's to cut back the danger of trades.

It may possibly:
1. Manage your loss / winn & cease your trades & EA's on a particular level of loss / revenue in

2. Manage Trailing stops
3. Many others

Right here is the complete approach to make use of it:

• Double-click the script to execute or connect it to the specified chart
• As soon as began EA will begin monitoring present account fairness and all upcoming closed trades
• You may set EA to shut all trades and disable all EAs when account fairness reaches a sure loss or revenue stage in p.c, cash or pips. You may select a number of choices like shut all trades when account attain sure revenue in p.c or sure loss in cash.
• You may set EA to shut all trades and disable all EAs when sure cumulative revenue or loss stage is reached in cash or pips.
• Revenue or loss goal in cash relies on your account forex. You probably have USD account, revenue/loss goal can be in USD, if your account is in USD, revenue/loss goal can be in USD.
• By default EA will handle all trades working on your account, however you'll be able to override this by setting sure magic quantity in EA settings.
• All values should be optimistic.
• By default EA is about to disable all Professional Advisors on fairness set off. Which means that after EA will shut all trades it'll attempt to disable all EAs by nearly clicking “Professional Advisor” button on your Metatrader toolbar. It will disable all EAs together with Equity Sentry and no trades must be opened by any EA till handbook intervention. Observe that we can't assure that it will have an effect on all EAs. Some EAs (like for Renko or different offline charts) work in numerous mode and so they can't be disabled till faraway from chart.
• You may set EA to make use of Trailing Cease and/or BreakEven operate on your trades.

Right here is the explenation of all settings:

DisableAllExpertAdvisors
by default that is set to true and it implies that EA will disable all Professional Advisors on fairness set off or sure cumulative revenue/loss reached. Which means that after EA will shut all trades it'll attempt to disable all EAs by nearly clicking “Professional Advisor” button on your Metatrader toolbar. It will disable all EAs together with Equity Sentry and no trades must be opened by any EA till handbook intervention.

CloseMetatraderCompletely
by default this worth is about to false. Should you set it to true EA will shut MT4 platform fully on fairness set off or sure cumulative revenue/loss reached. That is very helpful for those who use commerce copier software program to obtain trades as many of the commerce copiers doesn't cease working when “Professional Advisors” are disabled.

EquityLossPercent
when account loss fairness in p.c will attain this worth EA will shut all trades. Set this worth to zero to disable it

EquityLossMoney
when account loss fairness in cash (account forex) will attain this worth EA will shut all trades. Set this worth to zero to disable it

EquityLossPips
when account loss fairness in pips will attain this worth EA will shut all trades. Set this worth to zero to disable it

EquityProfitPercent
when account revenue fairness in p.c will attain this worth EA will shut all trades. Set this worth to zero to disable it

EquityProfitMoney
when account revenue fairness in cash (account forex) will attain this worth EA will shut all trades. Set this worth to zero to disable it

EquityProfitPips
when account revenue fairness in pips will attain this worth EA will shut all trades. Set this worth to zero to disable it

MagicNumber
that is the place you set magic quantity. If set to zero (default), EA will handle all trades. Set this variable to a sure worth and EA will handle solely the trades with the required magic quantity

CumulativeLossMoney
when cumulative revenue/loss quantity in cash (account forex) will attain this loss stage EA will shut all trades. Set this worth to zero to disable it. Worth should be optimistic.

CumulativeLossPips
when cumulative revenue/loss quantity in pips will attain this loss stage EA will shut all trades. Set this worth to zero to disable it. Worth should be optimistic.

CumulativeProfitMoney
when cumulative revenue/loss quantity in cash (account forex) will attain this revenue stage EA will shut all trades. Set this worth to zero to disable it. Worth should be optimistic.

CumulativeProfitPips
when cumulative revenue/loss quantity in pips will attain this revenue stage EA will shut all trades. Set this worth to zero to disable it. Worth should be optimistic.

TrailStopStartPips and TrailStopMovePips
EA will activate Trailing Cease operate when commerce goes in revenue by pips worth set in TrailStopStartPips. As soon as activated EA will transfer cease loss in revenue each pips worth set in TrailStopMovePips

BreakEvenStartPips
units what number of pips commerce ought to get into revenue earlier than cease loss is moved to the entry value. BreakEvenMovePips is used to set what number of pips EA should add to the entry value in order for you your commerce to be closed in revenue on reverse.

Glad & Save buying and selling!

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equity-sentry

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