The CAP Equity Guard Expert Advisor constantly monitors the size of your own funds in your trading account and prevents costly drawdowns. CAP Equity Guard EA is useful for money management. In case of an emergency, you are sent a visual alert, a notification to your email and to your mobile device.

The Expert Advisor performs the following functions:

• Monitors your entire trading account.
• Easy to manage. Just drag it to any empty chart.
• After restarting the MetaTrader 4 terminal, it will continue to work fully.
• It can be used in conjunction with other Expert Advisors.
• Visual, email, and push notifications.
• It is possible to remove a third-party Expert Advisor after reaching the target level of funds.

Let’s look at the work of CAP Equity Guard using an example.

Set the EA to any empty chart when you don’t have any open trades. Let’s say that the amount of your own funds on your account is $ 1000, and the Expert Advisor settings specify ‘Profit Type=In Currency’ and ‘Profit Value=5.0’. You start trading manually or with the help of other Expert Advisors. When the current value of own funds increases by$ 5 (that is, the total amount of funds will be $ 1005), the Expert Advisor will close all trades and record a new value of funds equal to $ 1005. After re-increasing the funds by$ 5 from the last recorded value, the EA will close all trades again. The Expert Advisor uses a global variable to store the previous value of its own funds, so when closing the MetaTrader 4 terminal or restarting the VPS server, the Expert Advisor will restore the recorded value of funds from the global variable.

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EA CONFIGURATIONS-Expert Advisor Configurations

• Stop EA: if true, the EA will stop working
• Profit Type: Selecting the type of profit

• Profit Value: Custom profit value. When ” Profit Type = In Currency”, this value is considered a monetary amount, otherwise it is considered a percentage value.
• Loss Type: Selecting the type of loss
1. In Currency: Loss in currency.
2. In Percent: Loss as a percentage based on the account funds.
• Loss Value: Custom loss value.

DO THE FOLLOWING ON TRIGGER – Do THE following when triggered

• Close all Open Trades: If TRUE, the EA will close all active trades.
• Delete all Pending Orders: If TRUE, the EA will delete all pending orders.
• Disable External Other EA: If TRUE, the Expert Advisor will remove all third-party Expert Advisors after reaching the target profit/loss. But to do this, you need to properly configure the other settings. Information about working with other Expert Advisors is available here.
• EA Stop After Trigger: Stop the Expert Advisor after triggering, select the type.
• None: The Expert Advisor does not stop. It starts again after it is triggered.
• Stop EA For X-Minute: The Expert Advisor stops at X-Minute and continues working.
• Stop EA For This Day: The Expert Advisor stops for the whole day. It starts again the next day.
• Stop EA For Until Reset EA: The Expert Advisor stops before it restarts.
• X_Minute: The duration of stopping the EA after triggering, in minutes.
• External_Chart_ID: The Chart ID of the third-party chart (multiple values separated by commas).
• Template_Remove_Name: Delete the name of the Expert Advisor template (multiple values separated by commas).
• Restore External EA After Trigger: If TRUE, the Expert Advisor will restore the work of the third-party Expert Advisor after resuming the work of Equity EA.
• Template_Restore_Name: name of the Expert Advisor template to restore (multiple values separated by commas).

• None: The Expert Advisor does not stop. It starts again after it is triggered.
• Stop EA For X-Minute: The Expert Advisor stops at X-Minute and continues working.
• Stop EA For This Day: The Expert Advisor stops for the whole day. It starts again the next day.
• Stop EA For Until Reset EA: The Expert Advisor stops before it restarts.

NOTIFICATION-notifications

• Enable Pop-Up Alerts: Enable text alert.
• Enable Sound Alerts: Turn on the sound alert.
• Send Email Alert: Enable email alerts.
• Send Mobile Notifications: Enable notifications on your mobile device.

BASIC CONFIGURATIONS – Basic configuration

• Slippage: Slippage when trading.

1. Run the EA when you don’t have any open trades.

2. The Expert Advisor works with an increase or decrease in the amount of its own funds. If you deposit / withdraw money with an open account and active Equity guard, the Expert Advisor will consider it a profit/loss and take action. For example: You set the profit from the funds in the amount of $ 5, and the recorded amount of funds is: 1000, so the target amount of funds for the Expert Advisor is 1005. Now you have five open trades and a floating loss of -50$. At this time, you top up the deposit by $ 100, and the current amount of your funds becomes equal to (Previous funds (1000) Floating Profit Margin/Loss (-50) New funds (100) = 1050. In this case, the new amount of funds becomes larger than the target value. Accordingly, the EA will close all trades. But initially you have a loss of $ 50. In order to avoid this kind of situation, it is recommended not to top up your deposit or withdraw money when you have open trades. If there are no open trades, you can deposit or withdraw money without restrictions. In case you need to deposit or withdraw money:

Mohammad Ali is a technical analyst, trader, programmer, and founder of Capilta Business Solutions.

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