Recruitment of participants Balance Protection EA MT5

Balance Protection EA MT5

Balance Protection EA MT5 is able to turn off the real "AlgoTrading" button in your MetaTrader5 terminal. Why might this feature be very useful? Let's say you're using several EAs, but you don't have control over their trading times or things like that. So using this EA, you're able to turn off "AlgoTrading" completely and protect your account if the current drawdown is too big.

Protect your account by limiting the drawdown, max open trades, max open pending orders, and trading time. If you need anything else, just let us know, and we will try to help you with new features.

Use time filter
You can even use seconds. In this trading time window, the "AlgoTrading" button is on. Beyond this window, the button is off.

For example:
Trading time start: 08:15:50.
Trading time end: 22:40:50.

Use drawdown protection
Use this option if you want to limit the maximum drawdown on your account. All trades combined, all symbols, all manually opened trades, all trades opened by any EA.
For example, when the drawdown of -200 (money) is reached, EA turns off the "AlgoTrading" button, and none of your working EAs are able to open any new trades or take any other action.

Use max allowed trades
Use this option if you want to limit the maximum number of opened trades in your account. All trades combined, all symbols, all manually opened trades, all trades opened by any EA.
For example, when the maximum number of 20 trades is reached, the EA turns off the "AlgoTrading" button, and none of your working EAs are able to open any new trades or take any other action.

Use max allowed orders
Use this option if you want to limit the maximum number of opened pending orders in your account. All pending orders combined, all symbols, all manually opened orders, all orders opened by any EA.
For example, when the maximum number of 20 pending orders is reached, the EA turns off the "AlgoTrading" button, and none of your working EAs are able to open any new trades or take any other action.

How do I use it?
Open a new chart.
Attach this EA to the new chart.
Set the required settings.
"Allow DLL imports" must be enabled; otherwise, EA will not work.
Don't close the chart; let it work.
Now EA is ready to work.





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