Hello i Need a custom EA created that similar to Equity Trail Robot.
How it Works:
The Equity Monitoring robot has the ability to perform the following tasks:
Close out all open positions at a certain profit target percentage
Close out all open positions at a certain loss target percentage
Lock-in a certain percentage of profit and trail from there
Any of these functions can be used individually or in combination with each other. Let's discuss each function and use examples to make these operations clear. All examples will start with $10,000 as your balance in your account.
Let's say you wanted to close all your open positions when the equity in your account grows by 10%. In this case you are looking to make $1000 profit. Set your percentage equity take profit setting to 10%. As soon as your equity reaches a 10% profit ($11,000 equity) all positions will close automatically locking in your profits.
Let's say you wanted to close all your open positions when the equity drops by 10%. In this case you are looking to limit your losses to $1000. Set your percentage equity stop loss setting to 10%. As soon as your equity drops by 10% ($9000 equity) all positions will close automatically allowing no more losses.
Let's say you want to add another function whereby you are willing to lock in a certain profit percentage with the possibility of making more money if things go your way. This function is called percentage equity trigger and percentage equity trail.
Let's say for example you would like to set a profit target of 8% and a trailing stop loss of 1%. You would set the percentage equity trigger to 8% and set the percentage equity trail to 1%. As soon as your equity grows to $800 the robot automatically lock in $700 (1% trail). At this point you cannot make less than $700 profit.
As your position continues to move in your favor so does your trailing stop loss which is always locking in and trailing by 1%. If your trade advances to $900 profit your trail will move to $800 profit. Now this point you cannot make less than $800 profit.
As long as the position continues to move in your favor so does your trailing stoploss. As soon as your position goes against you by 1% the robot will close out all your open positions resulting in a profit equal to what ever has been locked in.
Keep in mind that you can use all the settings at the same time. Let's take one final example. We have our take profit set at 10%. We have our stop loss at 10%. We have our percentage equity trigger set to 8%. And the percentage equity trail set to 1%.
At this point the Equity Trail robot will close out when any of the above conditions exists. This becomes the ultimate solution for closing out your open trades based on your personal settings and style of trading.
this above robot can be purchased at the link below but i want my own personal copy that is not locked to a single account. i need more flexibility