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
GHTech Risk Management
This MetaTrader 4 expert advisor focuses on account protection and risk management.
GitHub stars1
Forks0
Last update9 years ago7 Jun 2017
LicenceNone stated
Overview
GHTech Risk Management monitors various drawdown levels, including weekly, monthly, and emergency thresholds, and enforces trading pauses if these limits are exceeded. The tool also evaluates trading performance by checking the risk-to-reward ratio of historical trades against user-defined minimums. It allows for strict control over risk per trade and total risk across all open orders based on a fixed initial balance. The README is missing, so configuration relies on the input parameters.
- Multi-level drawdown protection
- Automated trading pauses upon risk limit breach
- Historical risk-to-reward ratio monitoring
- Customizable risk per trade and total risk limits
Details
Author
godcryhe 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 RiskManagement.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
InitBalance | long | 10000 | risk per trade is based on the initial balance which is set at year start |
RiskPerTrade | double | 0.02 | risk per trade |
MaxRiskTotalTrade | double | 0.03 | max risk of total orders |
MaxWeeklyDrawDown | double | 0.04 | Max weekly drawdown |
MaxMonthlyDrawDown | double | 0.06 | Max monthly drawdown |
EmergencyStop | double | 0.1 | Stop trading for two weeks if 10% drawdown is reached |
MaxDrawDownAllowed | double | 0.2 | Max allowed drawdown |
StopTradingDaysOL | int | 5 | Min stop trading days because of loss is over risk limit |
MinLoss | double | -10 | Min loss as a filter |
MinRRRatioPerTrade | double | 1.5 | Min RR ratio |
MinRRRatioHistory | double | 1.8 | Min RR history ratio |
MinHisTradesToCalRRR | int | 5 | the min number of transactions to calculate the RR ratio |
Show all 16 inputs
| Name | Type | Default | Description |
|---|---|---|---|
LastTradesToCalRRR | int | 3 | calculate the last 3-10 trades RR ratio |
StopTradingDaysRR | int | 5 | Min stop trading days because of history RR ratio < MinRRRatioHistory |
GMToffset | int | -6 | Mountain Daylight Time -6, Mountain time -7; |
ServerTimeGMToffset | int | 3 | server time and GMT offset |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone godcryhe/Experts 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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