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The foreign exchange market (Forex) is a highly volatile market where fluctuations are the norm. Traders need to have robust strategies and reliable trading tools to mitigate the risks associated with these fluctuations. One such indispensable tool is the Exodus Account Protector. This utility helps traders shield their Forex trades from significant drawdown, thereby serving as an effective risk management tool.

Features and Functionality of the Exodus Account Protector

The Exodus Account Protector is designed to protect both live and evaluation accounts from hitting the maximum daily drawdown. This feature makes it an ideal tool for proprietary firms such as FTMO and MFF (MyForexFunds).

The utility is to be applied to the EURUSD 1m Chart. By default, it sets the Maximum Draw Down Balance and Maximum Draw Down Equity at 4% of the Account Balance. At the same time, it sets the Target Profit Balance and Target Profit Equity at 1% of the Account Balance. The utility resets itself between 16:57 to 16:58 GMT.

Understanding the Parameters of the Exodus Account Protector

There are certain parameters within the Exodus Account Protector that users can adjust according to their specific needs. These include:

  • Starting Balance: This is the initial balance of the account. If set to 0, the utility will automatically copy the account balance as the starting balance.
  • Starting Equity: This represents the initial equity of the account. If set to 0, the utility will automatically copy the account equity as the starting equity.
  • Maximum Draw Down Balance: If set to 0, the utility will automatically set the maximum drawdown balance to 4% of the account balance.
  • Maximum Draw Down Equity: If set to 0, the utility will automatically set the maximum drawdown equity to 4% of the account equity.
  • Target Profit Balance: If set to 0, the utility will automatically set the target profit balance to 1% of the account balance.
  • Target Profit Equity: If set to 0, the utility will automatically set the target profit equity to 1% of the account balance.

Reset Parameters

The reset parameters include ResetHour, ResetMinMinute, and ResetMaxMinute, which determine when the utility resets itself. Please note that the utility will reset its counters if the EA is added or re-added to the chart, or if the settings are changed.

Disclaimer

While the Exodus Account Protector is a useful tool for Forex risk management, it’s important to note that the utility’s creators are not responsible for any financial loss or any loss that the utility might cause. Users are advised to use the tool judiciously and responsibly.

Frequently Asked Questions

  1. What is the Exodus Account Protector?
    The Exodus Account Protector is a utility designed to protect Forex trading accounts from hitting the maximum daily drawdown.
  2. How does the Exodus Account Protector work?
    The utility sets certain parameters to protect your account balance and equity. It also resets itself daily to ensure accurate tracking of your account details.
  3. Who can use the Exodus Account Protector?
    The tool is ideal for proprietary firms like FTMO and MFF (MyForexFunds), and any Forex trader who aims to effectively manage their trading risks.

For independent testing of the Exodus Account Protector, users can visit the forexroboteasy.com website. Here, they can also subscribe to updates on the results of testing this product. Users are also encouraged to share their experiences using this tool.

Remember, this is an independent product review. Your experience may vary based on your unique trading conditions and needs.

Exodus Account Protector: Shield Your Forex Trades from Draw Down

forexroboteasy.com

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