EmoGuardian

Overview of EmoGuardian

EmoGuardian is a utility tool designed to enhance risk management for Forex traders, specifically addressing the common issues like overtrading and fear of missing out (FOMO). 😅

This tool automatically imposes advanced risk limits on trading accounts, aiming to protect traders from blowing their accounts due to impulsive trading behaviors.

It provides features such as automatic stop losses, managing EA losses, and automated reloading of EAs.

Unique Features

Automatically adds stop losses to positions based on a percentage of the account balance or in pips.

Kills specified EAs when predefined risk limits are reached and reloads them automatically the next day.

Creates emergency signals to manage EAs that run on VPS servers, ensuring uninterrupted protection even during technical issues.

Daily & Position Limits

Set daily limits on maximum loss/gain in currency value or percentage, helping traders maintain discipline.

Controls the maximum open volume per position and the number of trades per day to prevent overexposure.

Imposes a maximum number of consecutive losers, acting as a safeguard against ongoing losing streaks.

Time Range Limits

Allows users to define up to three different time ranges with distinct limits on losses and trades.

When a loss limit is hit, a break can be imposed, during which trading isn’t allowed, promoting recovery time. ⏳

Error Prevention Mechanisms

EmoGuardian employs advanced consistency checks before allowing any risk parameters to be loaded, effectively minimizing user errors.

All operations undertaken by the tool to reduce risk exposure are meticulously logged, ensuring full transparency for users.

Ongoing Developments

The developers of EmoGuardian have expressed commitment to continually evolve the tool based on user feedback, aiming to introduce more features that cater to the traders' needs.

As an ongoing project, it promises to enhance its functionalities and capabilities over time, adapting to market changes and trader demands.

EmoGuardian

MT5 Utilities

Easy Rating: 0/0

MQL Rating: 5/1

Automated Trading EmoGuardian

Welcome to the intriguing world of EmoGuardian, where we take a closer look at this shiny new tool from the brilliant—and somewhat eccentric—mind of Samuel Bandi Roccatello. Have you ever found yourself knee-deep in hedging chaos or regretting that last impulsive trade? EmoGu ...

Release Date: 16/08/2023