droneox equity guardian
Info
The droneox equity guardian is a Expert Advisor for MetaTrader 4 that expert advisor that will close all orders and disable another expert advisor / autotrading at desired level. attach on any symbol and any timeframe.
Usage
This tool is typically used for automated trading on major forex pairs and gold.
Platform
This Expert Advisor works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Experts folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use droneox equity guardian
1. Installation: Open the "File" menu, select "Open Data Folder," navigate to MQL/Experts, paste your file, and restart the terminal.
2. Activation: Drag the EA from the Navigator onto a chart, ensure "Allow live trading" is checked in the Common tab, and verify the AutoTrading button is green.
3. Optimization: Right-click your chart, choose "Expert List," click "Properties" to adjust inputs, and save your preferred setup as a set file for future use.
4. Maintenance: Regularly check the "Experts" tab in the terminal window to monitor trade logs and potential execution errors.
Frequently Asked Questions
Q: Why is my EA not opening trades? A: Check the "AutoTrading" button, ensure "Allow live trading" is enabled, and verify your broker allows automated trading on your account type.
Q: Can I run multiple EAs on one chart? A: No, each chart can only host one active EA; however, you can open multiple charts for different currency pairs to run several EAs.
Q: What does the "smiley face" icon mean? A: A smiley face in the top-right corner of the chart indicates the EA is successfully running; a frowny face means it is disabled.
What this tool does
expert advisor that will close all orders and disable another expert advisor / autotrading at desired level.
Typical Use Case
This Expert Advisor excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Expert Advisor works on MetaTrader 4. Place the file in the MQL4/Experts folder and restart the terminal.
Description & Settings
Related: equity tester - another powerful expert for MetaTrader 4 traders.
expert advisor that will close all orders and disable another expert advisor / autotrading at desired level.
attach on any symbol and any timeframe.
Also recommended: equity data exporter - similar expert with strong performance on MetaTrader 4.
features:set your equity take profit. when your equity reaches the take profit level (usd), ea will close all open orders and disable autotrading, so you can withdraw profit and start your ea again.
set your equity stop loss. when your ea gone crazy and wild, this ea will close all open orders and disable autotrading, so you can protect your equity from margin call by loss because of an expert advisor.
You may also like: equity recorder for synthetic instrument research - excellent alternative for expert users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.00"
#property strict
#include <winuser32.mqh>
extern string eaname="equity guardian";
extern string copyright="droneox";
extern bool closeorder=true; //close all order
extern bool disableexpert=true; //disable expert advisor
extern double equitytarget=999999; //equity take profit (usd).......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.