It is quite risky to have open positions on your MT4 account while you are away from the computer, because you never know when prices go wrong direction and the next moment your deposit is lost.
Equity Sentry is here to solve this problem and monitor your MT4 account 24/7 automatically for you.
Equity Sentry EA is a MT4 add-on to help you protect your deposit by monitoring the account 24/7 and closing all open trades when account equity drops to your desired level (Hard Stop).
The main function of the EA is to close all trades and disable all Expert Advisors running on the MT4 terminal to prevent them from opening, modifying or closing any trades. I call this „Close & Stop“.
Additionally, there‘s an option to filter trades by currency pair and/or magic number.
„Close & Stop“ can happen on several Triggers.
- Account equity drops to a certain level
- Account equity reaches a certain level
- Open trades (floating loss/profit) reaches certain level
- Closed trades + Open trades (floating loss/profit) reaches certain level
EA can calculate floating P/L in pips, deposit currency or percentage.
EA can perform several actions on Trigger:
- Close open trades
- Delete pending orders
- Disable Autotrading on MT4 terminal, which makes all EA‘s to stop any operations or simply prevent them from opening, modifying or closing any trades on the account. EA disables Autotrading in a very simple manner by clicking the „Autotrading“ button programatically in the top MT4 toolbar.
- Close MT4 terminal completely.
- Send email alerts
- Send mobile notifications
The speed of order closing depends on broker you are using and the speed of your Internet connection.