CAP Equity Guard EA

Overview of CAP Equity Guard EA

• The CAP Equity Guard EA is an essential expert advisor designed to continuously monitor your trading account's equity.
• This EA aims to prevent costly drawdowns by automatically managing your trades based on pre-set equity thresholds.
• It operates seamlessly with existing EAs and automatically resumes even after MetaTrader restarts.

Core Functions

• Monitors the entire trading account to ensure equity stays within defined limits.
• Offers responsive notifications via visual, email, and push alerts when specific conditions are met.
• Can automatically close all open trades and delete pending orders upon reaching target profit or loss.
• Utilizes global variables to record previous equity, ensuring recovery after a restart🏁.

User-Friendly Setup

• Simply attach the EA to a blank chart with no existing trades.
• Input your desired profit type (currency or percentage) and set specific values for profit and loss.
• The EA will automatically manage your trades based on these parameters【4:2†source】.

Input Parameters Flexibility

• Configurable options to enable or disable the EA, allowing for manual control at any time.
• Users can define loss thresholds in both currency and percentage formats for tailored risk management.
• Specific settings to control the EA’s behavior after it triggers an action, such as stopping for a defined period or resuming automatically【4:13†source】.

Practical Examples

• For instance, set your equity at 1000 with a profit target of 5 currency units. This means the EA will close all trades when your total equity hits 1005.
• This capability helps you to lock in profits and avoid unnecessary losses, creating a solid safety net for your trades💰.

Why Use CAP Equity Guard EA?

• Essential for money managers who need to protect client equity or their own funds from volatile market movements.
• Simplifies trading management with automated features and is highly adaptable to various trading styles.
• Excellent choice for both novice and experienced traders who want to minimize risk while trading【4:2†source】.