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Equity Shield mt5

Overview of Equity Shield MT5

  • Equity Shield MT5 is an expert advisor (EA) designed to protect trading accounts from unforeseen losses.
  • The EA continuously monitors account equity, following predefined rules to manage trades effectively.
  • It is particularly beneficial for traders participating in Prop Trading Challenges, maintaining a low drawdown.

    • Key Features

  • Configurable options for closing trades based on specific percentage or monetary loss thresholds.
  • Ability to manage multiple pairs simultaneously or focused on a single pair.
  • Customizable parameters for profit and loss conditions, such as setting stop loss (SL) and take profit (TP) in both money and percentage terms.
  • Emergency management functions to halt trading when risk thresholds are breached, ensuring safety for your equity. 🚀

    • Using Equity Shield in Prop Trading Challenges

  • The tool is optimized for keeping drawdowns within acceptable limits, essential for passing Prop Firm evaluations.
  • Recommended settings include setting SL to slightly lower than the maximum daily drawdown limit to account for potential slippage.
  • Traders can load the EA on a single chart and allow it to manage across multiple currency pairs effortlessly.

    • User Experience and Feedback

  • Equity Shield has received an average rating of 4.57 from users across various reviews, indicating strong overall satisfaction.
  • Users highlight its reliability in protecting equity and ease of configuration as significant advantages.
  • Some reviews mention its importance during volatile market conditions, proving its utility as a safety net. 💪

    • Installation and Customization

  • Installation requires loading the EA onto one chart and customizing the settings according to personal trading strategies.
  • Traders are advised to keep the chart open to ensure continuous monitoring and action by the EA.
  • Support for users is available post-purchase, enhancing the overall trading experience.

    • Ah, Equity Shield mt5! The knight in shining armor that promises to guard your trading castle from dragons of unexpected losses. But as with any shiny object, is it too good to be true? Let’s investigate this EA’s claims while sprinkling in some skepticism, just to keep thing ...

    Release Date: 12/09/2022

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