Shepherd Safety EA

Overview of Shepherd Safety EA

• The Shepherd Safety EA is an Expert Advisor designed to protect trading accounts from unexpected losses.
• This EA continuously monitors equity and can close trades based on customizable parameters to maintain safety and manage risks.
• It is particularly beneficial for Prop Trading Challenges where keeping drawdown low is essential.

Key Features

• The EA can monitor equity to enforce rules for closing trades at certain loss thresholds.
• It offers options to set Take Profit (TP) and Stop Loss (SL) based on both monetary values and percentages of account equity.
• Compatible with MetaTrader 4 and 5, making it versatile across various trading platforms. 📈

Customization Options

• Users can select various input parameters, including maximum spread and grid distance, ensuring tailored use for different trading strategies.
• Additional features like a news filter can enhance decision-making by avoiding trades during high-impact news releases. 📅
• Suggestions from users include improvements like dynamic adjustments for grid distance and Take Profit based on Average True Range (ATR). 🤔

User Feedback

• Many users have praised the EA for transforming losing trade situations into profitability, demonstrating its effective management capabilities.
• Feedback suggests there are areas for enhancement, such as consolidating repeated input fields for clarity in settings.
• Overall, users find it user-friendly and capable of managing trades initiated by other advisors effectively.

Usage Recommendations

• Ideal for traders participating in funded accounts or facing strict drawdown rules.
• Best utilized alongside other trading strategies to ensure comprehensive trade management.
• Regular testing and optimization are recommended to tailor the settings to specific trading needs and market conditions.