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Equity Protection EA is an MT4 utility that watches the combined equity of the whole account and closes all trades when a profit or loss level you set is reached. It can also trail the result, send alerts and log equity over the session.
Get one message the moment it launches, with its price.
Equity Protection EA is an account-level utility for MetaTrader 4. Instead of managing each position on its own, it looks at the combined result of everything open on the account and acts when that result reaches a profit or loss level that you define.
The EA tracks the total equity across all symbols, so forex pairs, indices, metals and stocks are all counted together. You set a global take profit and a global stop loss, either as a fixed amount or as a percentage of the account. When one of them is reached, the EA closes every open trade on the account.
A global trailing stop can be used to protect part of the result once the account is in profit. The EA also keeps a record of the highest and lowest equity seen during the session, and it can print the current equity to the Experts tab at an interval you choose, which gives you a simple history of how the account moved.
You can also close only one side of the market. For example, all sell trades can be closed when they reach a chosen loss as a share of the account, while buy trades stay open. In MT4 there is also an option to close individual trades once they reach a set percentage of profit or loss on the account.
The tool is not tied to a symbol or a timeframe. It reads account data, so it can sit on any chart. Font size and default take profit and stop loss percentages can be adjusted to suit your screen and routine.
Exact input names and defaults can differ between builds, so read the inputs window and the user guide before going live. The main groups are:
| Group | Purpose | What to check |
|---|---|---|
| Global take profit and stop loss | Level at which all trades are closed | Amount or percent mode, and the account currency |
| Global trailing stop | Protects part of the session result | Start level and trailing distance |
| Direction control | Closes buys or sells separately | Loss percentage for each side |
| Notifications | Push, email and screenshot | Terminal notification and email setup |
| Equity report | Logs equity to the Experts tab | Reporting interval in minutes |
Trading carries risk and past results do not predict future ones. This utility closes trades at market price once it detects that a level has been reached, so slippage, gaps, a lost connection or a stopped terminal can cause a different outcome. Test on a demo account first and choose levels that fit your own risk tolerance.
Because it monitors the whole account, leave the terminal open, ideally on a VPS, for as long as you have trades that you want it to manage.
| Product type | Bot or utility |
|---|---|
| Platform | MetaTrader 4 (expert advisor, .ex4) |
| Strategy focus | General |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Utility: account-level risk management |
| Markets | Any symbol on the account: forex, indices, metals, stocks and more |
| Timeframes | Any; it monitors the account, not a chart signal |
| Trade style | Does not open trades; manages and closes existing ones |
| Targets | Global profit and loss, in amount or percent |
| Alerts | Push notification, email, screenshot, Experts tab equity log |
| Requirements | MT4 terminal kept running, AutoTrading enabled for the EA |
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No. It is a utility. It watches the trades that are already open on the account, whether placed by hand or by other expert advisors, and closes them when your profit or loss rules are met.
This listing is for MetaTrader 4. An MT5 build is a separate product and the files are not interchangeable, so check the platform before you buy.
No. Because it works on the global equity of the account, one instance on a single chart is normally enough. Running several copies at once could cause conflicting closes, so keep it to one unless the user guide says otherwise.
The function exists to stop other expert advisors from opening new trades after a trigger, but its availability can depend on how the product is distributed. Check the inputs in your copy and the user guide to see whether it is present.
Enable the alert options in the EA inputs, then set up your MetaQuotes ID under Tools, Options, Notifications for push messages, and your mail account under the Email tab for email. Send a test message from the terminal first.
No. Closing happens at the market price when the EA sees the level has been reached, so fast markets, gaps, slippage or a lost connection can lead to a worse result than the level you set.
Equity Protection EA
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