Account Protector is a risk management expert advisor for MetaTrader 4 and 5 designed to monitor account health and prevent excessive drawdowns. It allows users to set specific triggers based on floating profit or loss, equity levels, free margin, spread, or daily performance. When these conditions are met, the EA auto
Risk & protection · MT4
Equity Tracker
Equity Tracker is a risk management utility for MetaTrader 4 designed to monitor account equity in real time.
GitHub stars1
Forks1
Last update9 years ago16 Dec 2016
LicenceMIT
Overview
Equity Tracker serves as a global protection mechanism by automatically closing all open and pending positions when equity reaches a predefined target or drops below a minimum threshold. Users can configure these exit levels using absolute currency amounts or percentage-based gains and losses. Once the specified equity conditions are met and orders are liquidated, the tool removes itself from the chart to prevent further execution.
- Automatic closure of all open and pending positions
- Currency or percentage based target equity levels
- Account-wide equity stop loss protection
- Visual on-chart labels for tracking target levels
Details
Author
toomyem on GitHub
Type
Risk & protection
Platform
MetaTrader 4 (MQL4)
Markets
Any symbol
Timeframes
Any timeframe
Risk profile
No grid, martingale or hedging logic was found in its code or README. That says nothing about how it performs: backtest it first.
EA files
Input parameters
Read from EquityTracker.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
WantedEquity | double | 0.0 | Wanted equity (in currency) |
WantedGain | double | 0.0 | Wanted equity gain (in %) |
SLEquity | double | 0.0 | Minimum equity before SL |
SLPercent | double | 75 | SL level (% of balance) |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone toomyem/EquityTracker from GitHub, and unzip it.
- 2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL4/Experts.
- 3Copy the filesCopy the .mq4 file into Experts.
- 4Compile in MetaEditorOpen the file in MetaEditor and press Compile. Fix any missing includes the compiler reports.
- 5Test before you tradeRun it in the Strategy Tester, then attach it to a demo chart and allow algorithmic trading.
Third-party code. ForexR did not write, test or endorse this EA, and the summary above was generated automatically from its README and code. ForexR lists only repositories with readable source code and never hosts files. Read the code, backtest it and use a demo account first; automated trading can lose money quickly.
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