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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

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