Unfortunately, it's not too good for controlling manual trading. There is the 'Close platform' action, but nothing prevents you from opening it again.
Account Protector
- Thread starter Enivid
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Hi friends, I'd like to test a new setup. I operate prop firm and input the drawdown value into the EA. However, I need to log in every day and reset the stop loss. I make long trades and would like to know if it's possible to input a fixed value into the EA. For example, I open a portfolio in my account of 5,000 and it rises to 5,300. If my account returns to 5,200, the EA closes all trades. Is this possible?
If I understand you correctly, you can achieve that by using the equity trailing stop feature. If you set it to 100, it will be trailing continuously exactly $100 below you maximum equity.
I have a suggestion to add to the EA. I am a grid trader, and I layer more as price retraces, meaning I have many orders in my account. For example, my total grid adds up to 1 lot. For example, I want to close 50% of my entries, which would be 0.50 lots, depending on the condition that I want to set below:
1) price reaches a certain price level without having to put the SL. So I just need to put in a price level at 3150 in the platform and mark it as true, 0.50 lots of the closer entries to the open price will be closed.
2) a fixed number of points achieved from the lowest entry point. Example, I would set 500 points as my target to close 50% of my buy layers which are between 3000 - 3003 and when price reaches 3005, 0.50 lots nearer to the open price would be closed.
Is it possible to add these functions? I believe it would benefit grid traders a lot. Thanks!!
1) price reaches a certain price level without having to put the SL. So I just need to put in a price level at 3150 in the platform and mark it as true, 0.50 lots of the closer entries to the open price will be closed.
2) a fixed number of points achieved from the lowest entry point. Example, I would set 500 points as my target to close 50% of my buy layers which are between 3000 - 3003 and when price reaches 3005, 0.50 lots nearer to the open price would be closed.
Is it possible to add these functions? I believe it would benefit grid traders a lot. Thanks!!
You can already do this with the Account Protector.
This can also already be done (mostly). You cannot set the price boundaries to pick which positions will be closed, you can only select between distant or closest and most profitable or most losing.
1) Ok, I have found the setting to it.
2) As I have tried before, let's say I put 0.02 per entry, totaling to 1 lot, closing 50% closes partial of each of the 0.02 which is 0.01. It means that I will still have 0.01 entries all the way up to 3003. What I want is to do is to clear 50% of all the higher or lower entry points and leave my sharpest entries untouched. Is it possible? My understanding from your reply is that it is not possible unless there is a setting that I do not know of. ? I just want to confirm.
Hope this clears up my understanding of how I want to use this EA efficiently based on my trading style. Hopefully, this could be somewhat of an idea as an additional function in the EA. I believe it benefits grid traders a lot once this function is added to the EA.
If you set UseTotalVolume input parameter to true, and use sorting Most distant trades first. And, of course, set 50% for Close on the Actions tab.
Account Protector is triggered right away when I enable Algo Trading even if I have not opened a trade for the last 2 days. I want to trigger when I have lost 2000 in a single day whether equity or balance. How can I achieve this and why it happens?
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Strangely, I cannot reproduce this (tried on two brokers - RoboForex and Pepperstone). Which build of MT5 are you using?
I'm using Version 5.00 build 5200 1 Aug 2025
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I'm using Version 5.00 build 5200 1 Aug 2025
Could you please try updating to Build 5260 and re-compiling the Account Protector? Then please check if the bug is still there.
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