The AW Equity Protection MT5 utility is designed to provide an additional layer of security for your trading account by analyzing the performance of other advisors across all instruments to prevent drawdowns. Developed by AW Trading Software Limited, this tool offers functionalities like locking, closing positions, and sending notifications when certain parameters are exceeded. It can operate on the current symbol or across all symbols and can even remove pending orders and close other advisors’ positions.
Features and Functionalities
Ability to send all types of notifications
Works on the current symbol or all symbols
Can remove pending positions
Closes other advisors working on your account
User Reviews and Ratings
The AW Equity Protection MT5 has a user rating of 2, based on several reviews:
User shaikbabu rated it 1/5 with comments about issues with the locking system not functioning as expected.
User gibbsy66 provided feedback that the EA worked fine but had issues with other EAs opening trades immediately after a close.
Pricing and Availability
The system is priced at $35 and was first published on October 11, 2023. It has been downloaded a number of times.
Pros and Cons
Pros:
Comprehensive protection features
Customizable notifications
Works across multiple symbols
Cons:
Issues with the locking mechanism
Mixed user reviews
Reliability and Recommendations
While the AW Equity Protection MT5 offers a variety of useful features, its reliability is currently questionable based on user reviews. Potential users should proceed with caution and perhaps test the utility on a demo account before using it in live trading.
Additional Resources
For more information on the trading results of this system, you can visit Forexroboteasy.com. You can also download sample source codes from the forum easytradingforum.com.
Conclusion
The AW Equity Protection MT5 has potential but requires further refinement based on user feedback. Always ensure to conduct thorough testing and consider user reviews before integrating it into your trading strategy.
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