KT Equity Protector MT4

KT Equity Protector EA consistently monitors the account equity and closes all the market and pending orders once the account equity reached a fixed equity stop loss or profit target. 

After closing all trading positions, the EA can close all open charts to stop other expert advisors from opening more trading positions.

Equity Stop-Loss

If your current account balance is $5000 and you set an equity stop loss at $500. In this case, the KT Equity Protector will close all the active and pending orders when the account equity reaches equal or less than $4500.

Equity Profit Target

If your current account balance is $5000 and you set an equity profit target at $1000. In this case, the KT Equity Protector will close all the active and pending orders when the account equity reaches equal or greater than $6000.

Equity Calculation Mode

Relative: 

The profit/loss is calculated using the initial account balance in relative mode. For example, if your account balance is $5000 and you set an equity stop loss and profit target at $500. The EA will stop trading when your account balance reaches $4500 or $5500.

Absolute:

The profit/loss is calculated using the exact floating equity. For example, if your account balance is $5000 and you set an equity stop loss at $4600 and an equity profit target at $5600. The EA will stop trading when your account equity reaches $4600 or $5600.

Input Parameters

• Equity Calculation Mode: Relative/Absolute. 
• Profit Target in Account Currency.
• Stop Loss in Account Currency.
• Close All Positions.
• Remove All EAs by closing all charts.