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MT4 Script “Equity Stop”

Added in:
MT4 Tools
Product ID:
154
Brand:

197.00 $
Quantity:
MT4 Equity Stop can be a great addition to traders’ toolbox
Item Description

Many traders have used regular Stop Loss or Take Profit. These days it is highly unlikely to meet a trader who hasn’t heard about importance of using Stop Loss or Take Profit. SL can protect your account from being whipped out and TP helps to get as much as you aim for in volatile markets. We would like to take it further and show you how you can achieve more by using our new tool – Equity Stop.


Here are a few reasons why Equity Stop can be a great addition to traders’ toolbox.


 

Multiple positions

 

There are times when market makes unexpected moves that are not big enough to reach regular TP on every position; however, total equity on your account is high enough to close with a good profit. Set up Equity Profit and catch a few unexpected moves.


 

EA trading

 

If you use EA to trade on your account you always under the risk of EA malfunctioning. This risk is even greater during the time when we cannot watch it. The Equity Stop can put an extra level of protection even if you have thought about this situation and coded the stop into EA.


 

Money Manager control

 

It always better to have an extra layer of control when you trust your money someone to trade. Equity Stop can close positions based on the Equity depreciation and if used on VPS can shot down the whole platform to avoid more losing positions.


 

How it works

 

To start, you need to place the mq4 file into the folder “scripts” of you MetaTrader4. It works in the same way as your EA but in parallel and not interrupting each other. Any time you need to launch it you can just double click on the file in MT4-Navigator and set up the desired parameters. Please keep in mind that when you close the platform the script stops (in the same way like your EA). Any time you need to change anything just double click on the script in MT and set up new values. And when you need to stop the script just double click on it and click OK with 0 values.


It works with any EA, manual trading and copied trades on Subaccount.


It is very simple but very powerful.


 

Settings description

 

mt4 equity stop script


   

If you don’t want Equity Stop to work just set all parameters to 0 and click OK.


 

EquityProfitLevel – Put the amount that is higher than your current account equity. When equity reaches this level the script will follow rules set up in Action Settings.


 

EquityLossLevel – Put the amount that is lower than your current equity. When equity reaches this level the script will follow rules set up in Action Settings.


 

BalanceProfitLevel- Put the amount that is higher than your current account balance.


 

BalanceLossLevel - Put the amount that is lower than your current account balance.


 

Delete All_Pendings – When Equity/Balance reaches the Profit/Loss Stop Level the script will delete all pending orders.


 

CloseAll_OpenPositions - When Equity/Balance reaches the Profit/Loss Stop Level the script will close all Open positions.


 

CloseOnly_Profitable - When Equity/Balance reaches the Profit/Loss Stop Level the script will close only profitable Open positions.


 

CloseOnly_Losing - When Equity/Balance reaches the Profit/Loss Stop Level the script will close only losing Open positions.


 

DisableAll_EAs - When Equity/Balance reaches the Profit/Loss Stop Level the script will disable all EAs on account.


 

Close_TerminalAfterStop – When Equity/Balance reaches the Profit/Loss Stop Level the script will close MT4 terminal.


 

TerminalAlert – To show a pop up message on the screen when Equity Stop is executed.


 

SendEmail – If true, send email to the email address set in MT4-Options-Email.


 

Info_on_chart – If true, places info on the chart.


 

Info Color- You can adjust the info color.


 

InfoFont- You can adjust the info font.


 

infoFontSize – You can adjust the font size


 

Info_Position – You can locate the Info in Right Top or Left Top corners of Chart window of your MT4.


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