Basket EA MT5

Overview of Basket EA MT5

The Basket EA MT5 is a powerful tool designed for traders to manage their overall trading account by focusing on the combined profit and loss of all open positions.
It provides features such as basket take profit, stop loss, break even, and trailing stop loss settings, all adjustable in monetary terms or as a percentage of the account balance.
Allows exclusion of specific trades based on their magic number or symbol from the EA’s management.
Includes account protection settings that automatically close all trades and delete pending orders when certain financial targets are hit.

No reliance on risky strategies like Martingale or Grid systems.
Options to manage or exclude trades based on unique identifiers (magic numbers).
Flexible settings for basket take profit and stop loss, both in percentage and monetary values.
Dynamic adjustments based on real-time account balance updates.
Automated alerts via terminal, push notifications, and email when critical account management options are triggered.
Compatible with MQL5 VPS, allowing traders to operate efficiently in a virtual trading environment.

Attach the Basket EA to a separate chart in your MT5 terminal.
Ensure the Algo Trading button is activated to allow the EA to operate.
If trading manually, the EA will only activate according to user-defined criteria, leaving manual trades unaffected.
The EA is not compatible with the MT5 Strategy Tester, so it is advisable to download a demo version to experiment.

The EA is equipped with account protection features that close all trades and remove any attached EAs when specific loss thresholds are met.
This mechanism helps in safeguarding the trading account from significant drawdowns, allowing traders to manage risk effectively.

The Basket EA MT5 has received positive user feedback for its effectiveness in managing trades and enhancing profitability.
It consistently provides users with alerts about their account status and triggers necessary actions when risks are identified.
This level of management ensures users can focus on their trading strategies without constant supervision of their positions. 💹

Basket EA MT5 represents a crucial technological advancement for Forex traders, combining risk management with ease of use.
With essential features tailored for both manual and automated trading, it provides flexibility alongside robust protections to enhance overall trading success. 🚀