Basket-Equity Guardian EA for MT4 and MT5

Description

Short Description: An account-wide portfolio protection EA that monitors total equity, closes basket trades on profit/loss targets, and protects account drawdowns.

Overview

The Basket-Equity Guardian EA is an account-level risk management system for MetaTrader 4 and MetaTrader 5. It acts as an overarching safety net for your entire account, monitoring combined floating P/L across all open orders and automatically liquidating trades when portfolio profit targets or maximum drawdown caps are reached.

Key Features

• Account-Wide Equity Tracking: Monitors overall floating P/L ($ and %) across all open instruments.
• Basket Profit Target Close: Flattens all positions when basket profit reaches predefined dollar or percentage targets.
• Emergency Equity Loss Cap: Immediately liquidates all positions if account equity drops below a critical threshold.
• Trailing Equity Profit: Locks in floating portfolio gains by trailing total account equity upward.
• Timer & End-of-Day Shutdown: Automatically flattens open orders before weekend market close.

How It Works

1. Tick Inspection: Calculates total floating account equity on every tick.

2. Threshold Evaluation: Compares current equity against Peak Equity, Daily Starting Equity, Profit Target, and Loss Limit.

3. Emergency Liquidation: Dispatches fast multi-threaded order close requests if any threshold is breached.

Trading/Indicator Logic

• Target Profit: If `AccountEquity >= TargetEquityUSD`, close all orders.
• Max Loss Limit: If `AccountEquity <= MinEquityUSD`, close all orders and halt trading.
• Trailing Equity: If `AccountEquity` drops `TrailingEquityStepUSD` below Peak Equity, close all orders.

Supported Markets

• All Financial Markets (Forex, Metals, Indices, Crypto)

Recommended Timeframes

• All Timeframes

Recommended Symbols

• Account-Wide Protection (All Open Symbols)

Main Settings

• `TargetProfitUSD` (500.0): Basket profit target in cash.
• `MaxLossUSD` (200.0): Basket max loss limit in cash.
• `UseTrailingEquity` (true): Enable trailing equity target.
• `CloseAtWeekend` (true): Flatten positions before weekend.

Installation

1. Copy `.ex4` or `.ex5` to `MQL4/Experts` or `MQL5/Experts`.

2. Attach to any chart and enable Algo Trading.

How To Use

1. Set desired dollar target and loss limits and keep running on your MT4/MT5 terminal or VPS.

Who Is It For

• Prop Firm & Portfolio Traders: Managing multiple EAs or manual trades simultaneously.

What’s Included

• `.EX4` / `.EX5` Executables + User Manual + Support.

Updates & Support

Includes lifetime updates.

Risk Disclaimer

Test thoroughly on demo accounts prior to live deployment.

FAQ

Q: Does this close trades on all symbols?

A: Yes, it manages the entire account equity basket.