The Money Protector EA is an automated monitoring tool that watches your account and will automatically close trades when certain conditions are met in an effort to avoid high downdraw or lock in profits.
This tool is great for prop challenges or funded accounts where downdraw is restricted.
This EA constantly monitors your account, and will automatically close trades for you if certain conditions are met. This helps avoid unexpected downdraw or allows you to lock in profits even when you are away from the computer. Furthermore the EA also features the option to close trades at a certain date and time. This feature is great if you are away from the computer and want to close trades before high impact news events, or before the weekend.
This tool is also very useful for prop trading challenge like FTMO or My Forex Funds where downdraw is limited.
List of available triggers:
Equity drops below
Equity reaches above
Balance drops below
Balance reaches above
Floating loss (exact amount)
Floating loss (percentage)
Floating profit (exact amount)
Floating profit (percentage)
Time & date trigger
Once a trigger parameter happens the EA can do the following:
Close all trades and delete pending orders
Close all trades only
Delete pending orders only
Close all charts (this will remove EAs from charts to prevent further auto trading)
Send an email alert
Send a mobile alert
Money Protector EA
Installation guide and instructions
==== General Settings ====
license_key: Enter a license key that was included with your order magic_number: Enter the magic number for the orders that you want the EA to monitor. If you want the EA to monitor all orders under your account enter “-1”.
==== Trigger Settings ====
equity_drops_below: If the equity on your account drops below this number then the EA will follow the “trigger actions”. equity_reaches_above: If the equity on your account goes above this number then the EA will follow the trigger actions. Balance_drops_below: If the balance on your account drops below this number then the EA will follow the “trigger actions”. Balance_reaches_above: If the balance on your account goes above this number then the EA will follow the “trigger actions”. Floating_loss: If the floating loss reaches this exact number the EA will follow the trigger actions Floating_loss_%: If the floating loss reaches this exact percent then the EA will follow the trigger actions Floating_Profit: If the floating profit reaches this exact number the EA will follow the trigger actions Floating_Profit_%: If the floating profit reaches this exact percent of the balance then the EA will follow the trigger actions.
==== Time Trigger ====
On_time_trigger: Enable/disable the time trigger filter time_trigger: Enter the exact time and date that you wish the EA to perform the trigger actions
==== Trigger Actions ====
Trigger action: The EA provides the following options 1) Close open orders & delete pending orders 2) Only close open orders 3) Only close pending orders Disable_all_charts: Setting this to true will mean the EA will close all open charts when the actions are triggered. Email_alert: The EA will send you an email alert if the actions are triggered Mobile_alert: The EA will send you a mobile alert if the actions are triggered
Version 1.0 – January 18th 2022
A step by step picture guide showing how to install your product after ordering can be found by clicking here.
Disclaimer: By ordering any product on ForexBotShop.com you acknowledge that you are familiar with the risks of trading and that you are solely responsible for the outcomes of your decisions. We accept no liability whatsoever for any direct or consequential loss arising from the use of our products. It’s to be noted carefully in this respect, that past results are not necessarily indicative of future performance.