Tutorial Money Management

[Md Saidul Islam]

Hey Buddys ,

today I'm sharing with you a pretty simple EA that I'm using to manage my trades. It works also pretty well with other profit scalping and maritangle EA's to reduce the risk of trades.

It can:
1. Manage your loss / winn & stop your trades & EA's on a special point of loss / profit in
1.1 Pips
1.2 Percent
1.3 Amount / Money
2. Manage Trailing stops
3. Many others

Here is the full way to use it:

• Double-click the script to execute or attach it to the desired chart
• Once started EA will start monitoring current account equity and all upcoming closed trades
• You can set EA to close all trades and disable all EAs when account equity reaches a certain loss or profit level in percent, money or pips. You can choose multiple options like close all trades when account reach certain profit in percent or certain loss in money.
• You can set EA to close all trades and disable all EAs when certain cumulative profit or loss level is reached in money or pips.
• Profit or loss target in money depends on your account currency. If you have USD account, profit/loss target will be in USD, if your account is in USD, profit/loss target will be in USD.
• By default EA will manage all trades running on your account, but you can override this by setting certain magic number in EA settings.
• All values must be positive.
• By default EA is set to disable all Expert Advisors on equity trigger. This means that after EA will close all trades it will try to disable all EAs by virtually clicking “Expert Advisor” button on your Metatrader toolbar. This will disable all EAs including Equity Sentry and no trades should be opened by any EA until manual intervention. Note that we can not guarantee that this will affect all EAs. Some EAs (like for Renko or other offline charts) work in different mode and they can not be disabled until removed from chart.
• You can set EA to use Trailing Stop and/or BreakEven function on your trades.

Here is the explenation of all settings:

DisableAllExpertAdvisors
by default this is set to true and it means that EA will disable all Expert Advisors on equity trigger or certain cumulative profit/loss reached. This means that after EA will close all trades it will try to disable all EAs by virtually clicking “Expert Advisor” button on your Metatrader toolbar. This will disable all EAs including Equity Sentry and no trades should be opened by any EA until manual intervention.

CloseMetatraderCompletely
by default this value is set to false. If you set it to true EA will close MT4 platform completely on equity trigger or certain cumulative profit/loss reached. This is very useful if you use trade copier software to receive trades as most of the trade copiers does not stop operating when “Expert Advisors” are disabled.

EquityLossPercent
when account loss equity in percent will reach this value EA will close all trades. Set this value to zero to disable it

EquityLossMoney
when account loss equity in money (account currency) will reach this value EA will close all trades. Set this value to zero to disable it

EquityLossPips
when account loss equity in pips will reach this value EA will close all trades. Set this value to zero to disable it

EquityProfitPercent
when account profit equity in percent will reach this value EA will close all trades. Set this value to zero to disable it

EquityProfitMoney
when account profit equity in money (account currency) will reach this value EA will close all trades. Set this value to zero to disable it

EquityProfitPips
when account profit equity in pips will reach this value EA will close all trades. Set this value to zero to disable it

MagicNumber
this is where you set magic number. If set to zero (default), EA will manage all trades. Set this variable to a certain value and EA will manage only the trades with the specified magic number

CumulativeLossMoney
when cumulative profit/loss amount in money (account currency) will reach this loss level EA will close all trades. Set this value to zero to disable it. Value must be positive.

CumulativeLossPips
when cumulative profit/loss amount in pips will reach this loss level EA will close all trades. Set this value to zero to disable it. Value must be positive.

CumulativeProfitMoney
when cumulative profit/loss amount in money (account currency) will reach this profit level EA will close all trades. Set this value to zero to disable it. Value must be positive.

CumulativeProfitPips
when cumulative profit/loss amount in pips will reach this profit level EA will close all trades. Set this value to zero to disable it. Value must be positive.

TrailStopStartPips and TrailStopMovePips
EA will activate Trailing Stop function when trade goes in profit by pips value set in TrailStopStartPips. Once activated EA will move stop loss in profit every pips value set in TrailStopMovePips

BreakEvenStartPips
sets how many pips trade should get into profit before stop loss is moved to the entry price. BreakEvenMovePips is used to set how many pips EA must add to the entry price if you want your trade to be closed in profit on reverse.


Happy & Save trading!k:
:rock:

 

[Olufemi Ayodele]

Where is the EA?

 

[Olufemi Ayodele]

I guess this is the EA

 

[Hoàng Anh Tuấn]

i have source code

 

[Carakaplus]

Thanks a lot ,rhis usefull for MM trading

 

[nejcjost]

Thanks for sharing.

 

[JanggutBull]

thanks for sharing

 

[veronicaanas]

thanks for sharing

 

[sean]

thanks

 

[Dominic Damoah]

Very well done ... `this is the most important .... God bless you bro

 

[Dominic Damoah]

This is one of the best tutorials I have seen in years .... Great job

Hey Buddys ,

today I'm sharing with you a pretty simple EA that I'm using to manage my trades. It works also pretty well with other profit scalping and maritangle EA's to reduce the risk of trades.

It can:
1. Manage your loss / winn & stop your trades & EA's on a special point of loss / profit in
1.1 Pips
1.2 Percent
1.3 Amount / Money
2. Manage Trailing stops
3. Many others

Here is the full way to use it:

• Double-click the script to execute or attach it to the desired chart
• Once started EA will start monitoring current account equity and all upcoming closed trades
• You can set EA to close all trades and disable all EAs when account equity reaches a certain loss or profit level in percent, money or pips. You can choose multiple options like close all trades when account reach certain profit in percent or certain loss in money.
• You can set EA to close all trades and disable all EAs when certain cumulative profit or loss level is reached in money or pips.
• Profit or loss target in money depends on your account currency. If you have USD account, profit/loss target will be in USD, if your account is in USD, profit/loss target will be in USD.
• By default EA will manage all trades running on your account, but you can override this by setting certain magic number in EA settings.
• All values must be positive.
• By default EA is set to disable all Expert Advisors on equity trigger. This means that after EA will close all trades it will try to disable all EAs by virtually clicking “Expert Advisor” button on your Metatrader toolbar. This will disable all EAs including Equity Sentry and no trades should be opened by any EA until manual intervention. Note that we can not guarantee that this will affect all EAs. Some EAs (like for Renko or other offline charts) work in different mode and they can not be disabled until removed from chart.
• You can set EA to use Trailing Stop and/or BreakEven function on your trades.

Here is the explenation of all settings:

DisableAllExpertAdvisors
by default this is set to true and it means that EA will disable all Expert Advisors on equity trigger or certain cumulative profit/loss reached. This means that after EA will close all trades it will try to disable all EAs by virtually clicking “Expert Advisor” button on your Metatrader toolbar. This will disable all EAs including Equity Sentry and no trades should be opened by any EA until manual intervention.

CloseMetatraderCompletely
by default this value is set to false. If you set it to true EA will close MT4 platform completely on equity trigger or certain cumulative profit/loss reached. This is very useful if you use trade copier software to receive trades as most of the trade copiers does not stop operating when “Expert Advisors” are disabled.

EquityLossPercent
when account loss equity in percent will reach this value EA will close all trades. Set this value to zero to disable it

EquityLossMoney
when account loss equity in money (account currency) will reach this value EA will close all trades. Set this value to zero to disable it

EquityLossPips
when account loss equity in pips will reach this value EA will close all trades. Set this value to zero to disable it

EquityProfitPercent
when account profit equity in percent will reach this value EA will close all trades. Set this value to zero to disable it

EquityProfitMoney
when account profit equity in money (account currency) will reach this value EA will close all trades. Set this value to zero to disable it

EquityProfitPips
when account profit equity in pips will reach this value EA will close all trades. Set this value to zero to disable it

MagicNumber
this is where you set magic number. If set to zero (default), EA will manage all trades. Set this variable to a certain value and EA will manage only the trades with the specified magic number

CumulativeLossMoney
when cumulative profit/loss amount in money (account currency) will reach this loss level EA will close all trades. Set this value to zero to disable it. Value must be positive.

CumulativeLossPips
when cumulative profit/loss amount in pips will reach this loss level EA will close all trades. Set this value to zero to disable it. Value must be positive.

CumulativeProfitMoney
when cumulative profit/loss amount in money (account currency) will reach this profit level EA will close all trades. Set this value to zero to disable it. Value must be positive.

CumulativeProfitPips
when cumulative profit/loss amount in pips will reach this profit level EA will close all trades. Set this value to zero to disable it. Value must be positive.

TrailStopStartPips and TrailStopMovePips
EA will activate Trailing Stop function when trade goes in profit by pips value set in TrailStopStartPips. Once activated EA will move stop loss in profit every pips value set in TrailStopMovePips

BreakEvenStartPips
sets how many pips trade should get into profit before stop loss is moved to the entry price. BreakEvenMovePips is used to set how many pips EA must add to the entry price if you want your trade to be closed in profit on reverse.


Happy & Save trading!k:
:rock:

 

[cicak]

Thanks for sharing.
God bless u brother

 

[hyrosat]

thanks for sharing, it is certainly very useful

 

[GLOBAREVO]

i have source code

WOW GREAT

 

[silversilver]

Lovely. Thanks for sharing it. good for monitoring . have a good'n

 

[eribudi]

Thanks for sharing this robot. I will test and get back to you soon.