Balance Guardian EA

Balance Guardian EA 2.0 (MT4/MT5)

Overview

This Expert Advisor constantly monitors the balance and P/L of your trading account to prevent costly drawdowns and/or take profits. When a certain drawdown or profit target is reached, the EA will alert, close all trades and in some cases, delete all pending orders. Optionally, it can also close all charts to remove all EAs operating in the account.

The following features are implemented and can be enabled or disabled at will:

P/L Maximum Loss
P/L Profit Target
Other benefits are:

Dead easy to use
It implements alerts of all kinds
Reports to the terminal
Technical information:

It executes every tick and displays information on the chart
It monitors all trades and magic numbers on the account
It can be used with the investor password and will monitor and alert on breaches
How to get started:

Load the EA once a single chart
Do not load the EA in other chart
Customize your events and setttings
Leave the EA alone and never close that chart

Overview

Input parameters

When loading the expert to any chart, you will be presented with a set of options as input parameters. Don’t despair if you think they are too many, because parameters are grouped into self-explanatory blocks.

Profit Target
The profit target for the account expressed in percentage. A value of zero disables this feature.
Maximum Loss
The maximum loss possible for the account expressed in percentage. A value of zero disables this feature.
Stop EAs on Max Loss
Choose if automated trading must be stopped when the max loss is reached.
Stop EAs on Profit Target
Choose if automated trading must be stopped when the profit target is reached.
Alert Name
Custom alert name for the alert messages.
Display Alerts
Enable or disable visual alerts.
Email Alerts
Enable or disable email alerts.
Push Alerts
Enable or disable push alerts.
Sound File
Name of sound file to play on visual alerts.
Label Color
Color of the text objects on the screen.
Slippage
Maximum slippage in points to close trades.