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The Cerberus Equity Watcher is a forex software tool designed to provide risk management for forex trading. It serves as an active monitor for your account equity, offering protection against significant drawdowns that can occur due to faulty Expert Advisors (EAs) or emotional trading decisions.
How Cerberus Equity Watcher Works
Primarily, the Cerberus Equity Watcher is designed to be a critical tool for systematic traders who rely on EAs. These EAs can sometimes contain bugs or perform poorly under unexpected market conditions, leading to potential losses. The software constantly tracks your account equity, and if it reaches a pre-set minimum or maximum value, it takes immediate action.
Preventing Unwanted Trading Activity
Upon reaching the pre-set equity value, the Cerberus Equity Watcher “flattens” all positions, closes all pending orders, and “kills” all EAs. This means that it stops all trading activity, preventing further losses. After this “flattening” process, the software continues to monitor the account equity and stops any further trading attempts until it is reinitialized.
Alerts and Notifications
One of the key features of the Cerberus Equity Watcher is its alert system. When the software takes action to flatten positions, it sends a notification to the user’s mobile phone and displays a clear message on the screen. All operations performed by the software are clearly displayed on the screen and reported on the Expert advisor tab. Notifications are also sent to the user to keep them informed about their account status.
User Input Checks
To prevent user errors, the Cerberus Equity Watcher performs several checks on the input values provided by the user and on the current status of the automatic trading. This ensures that the software operates correctly and that the user’s account is protected from potential trading risks.
Where can I see independent testing of the Cerberus Equity Watcher?
Independent testing of the product can be viewed on the forexroboteasy.com website. Users can also subscribe to receive updates on the results of these tests.
Absolutely, users are encouraged to share their experiences of using the product. This can provide valuable insights for other traders and help to improve the software.
As an independent product review, this article provides an objective assessment of the Cerberus Equity Watcher. It is a powerful tool for forex trading risk management, offering protection against significant drawdowns and providing clear and timely notifications to users. With its robust features, the Cerberus Equity Watcher can be a valuable addition to any trader’s toolkit.
Setting it up was a breeze, with its user-friendly interface and straightforward instructions. I was pleasantly surprised by its simplicity, considering the complexity of tasks it performs. I have run multiple tests and each time, it has performed flawlessly, without any glitches or issues. This has given me a lot of confidence in its reliability and consistency.One of the standout features of this Expert Advisor (EA) is its speed. The moment it detects a risk, it instantly flattens all positions and terminates all EAs. This swift response time is crucial in the fast-paced world of forex trading, where every second counts.Another feature that I find very reassuring is the double-check mechanism. It adds an extra layer of security, ensuring that all positions are indeed flattened and all EAs are terminated. This gives me peace of mind, knowing that there is a backup system in place to prevent any potential mishaps.In my opinion, Cerberus Equity Watcher is a highly secure and efficient EA. It has proven to be an invaluable tool in my forex trading toolkit. Its unique blend of speed, reliability, and security makes it a must-have for any serious forex trader. I highly recommend it to anyone looking for a safe and reliable way to protect their investments."