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    Equity Sentry Manual

    Uploaded by

    SheBrownies
    The document provides instructions for installing and using the Equity Sentry expert advisor on the Metatrader 4 platform. It describes downloading and attaching the EA file to a chart, enabling settings to allow live trading and DLL imports. It then explains how the EA monitors account equity and can close all trades if certain profit or loss thresholds are reached based on percentage, money amount, or pips. Finally, it outlines some key EA settings like disabling other EAs on trigger and setting magic numbers to manage specific trades.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Equity Sentry Manual

    Uploaded by

    SheBrownies
    359 views3 pages
    The document provides instructions for installing and using the Equity Sentry expert advisor on the Metatrader 4 platform. It describes downloading and attaching the EA file to a chart, enabling settings to allow live trading and DLL imports. It then explains how the EA monitors account equity and can close all trades if certain profit or loss thresholds are reached based on percentage, money amount, or pips. Finally, it outlines some key EA settings like disabling other EAs on trigger and setting magic numbers to manage specific trades.

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    Equity Sentry Manual

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    The document provides instructions for installing and using the Equity Sentry expert advisor on the Metatrader 4 platform. It describes downloading and attaching the EA file to a chart, enabling settings to allow live trading and DLL imports. It then explains how the EA monitors account equity and can close all trades if certain profit or loss thresholds are reached based on percentage, money amount, or pips. Finally, it outlines some key EA settings like disabling other EAs on trigger and setting magic numbers to manage specific trades.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    359 views3 pages

    Equity Sentry Manual

    Uploaded by

    SheBrownies
    The document provides instructions for installing and using the Equity Sentry expert advisor on the Metatrader 4 platform. It describes downloading and attaching the EA file to a chart, enabling settings to allow live trading and DLL imports. It then explains how the EA monitors account equity and can close all trades if certain profit or loss thresholds are reached based on percentage, money amount, or pips. Finally, it outlines some key EA settings like disabling other EAs on trigger and setting magic numbers to manage specific trades.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 3

    How to Install Equity Sentry

    1) Copy Equity Sentry EX4 file to your Metatrader 4 folder under \experts\
    2) Restart MT4 if it was running during this short installation process
    3) Locate Equity Sentry under "Expert Advisors" in the "Navigator" (Ctrl+N) window
    4) Click and drag EA with your mouse left button to the desired chart or just double-click it
    to run. EA must be attached only to the single chart.
    5) In the EA settings window "Common" tab you should enable "Allow live trading" and
    "Allow DLL imports". Otherwise EA will not work.
    6) Set any other desired settings and click OK to run EA
    7) You should see smiley face in the top-right corner of the chart
    8) On your Metatrader toolbar, make sure that Experts
    Advisors are turned on (green)

    9) A blue box with the EA settings will appear on the chart when EA will start running

    How to use Equity Sentry

    1) Once started EA will start monitoring current account equity


    2) You can set EA to close all trades when account equity reaches a certain loss or profit
    level in percent, money or pips. You can choose multiple options like close all trades
    when account reach certain profit in percent or certain loss in money.
    3) Profit or loss target in money depends on your account currency. If you have USD
    account, profit/loss target will be in USD, if your account is in USD, profit/loss target will
    be in USD.
    4) By default EA will manage all trades running on your account, but you can override this
    by setting certain magic number in EA settings.
    5) All values must be positive.
    6) By default EA is set to disable all Expert Advisors on equity trigger. This means that after
    EA will close all trades it will try to disable all EAs by virtually clicking "Expert Advisor"
    button on your Metatrader toolbar. This will disable all EAs including Equity Sentry and
    no trades should be opened by any EA until manual intervention. Note that we can not
    guarantee that this will affect all EAs. Some EAs (like for Renko or other offline charts)
    work in different mode and they can not be disabled until removed from chart.
    Equity Sentry settings

    DisableExpertAdvisors - by default this is set to true and it means that EA will disable all Expert
    Advisors on equity trigger. This means that after EA will close all trades it will try to disable all
    EAs by virtually clicking "Expert Advisor" button on your Metatrader toolbar. This will disable all
    EAs including Equity Sentry and no trades should be opened by any EA until manual
    intervention. Note that we can not guarantee that this will affect all EAs. Some EAs (like for
    Renko or other offline charts) work in different mode and they can not be disabled until
    removed from chart.

    "Expert Advisors" button should change from

    To

    EquityLossPercent - when account loss equity in percent will reach this value EA will close all
    trades. Set this value to zero to disable it. Value must be positive.

    EquityLossMoney - when account loss equity in money (account currency) will reach this value
    EA will close all trades. Set this value to zero to disable it. Value must be positive.

    EquityLossPips - when account loss equity in pips will reach this value EA will close all trades.
    Set this value to zero to disable it. Value must be positive.

    EquityProfitPercent - when account profit equity in percent will reach this value EA will close all
    trades. Set this value to zero to disable it. Value must be positive.

    EquityProfitMoney - when account profit equity in money (account currency) will reach this
    value EA will close all trades. Set this value to zero to disable it. Value must be positive.

    EquityProfitPips - when account profit equity in pips will reach this value EA will close all
    trades. Set this value to zero to disable it. Value must be positive.

    MagicNumber - this is where you set magic number. If set to zero (default), EA will manage all
    trades. Set this variable to a certain value and EA will manage only the trades with the specified
    magic number.
    Trading foreign exchange on margin carries a high level of risk, and may not be
    suitable for all investors. The high degree of leverage can work against you as well
    as for you. Before deciding to invest in foreign exchange you should carefully
    consider your investment objectives, level of experience, and risk appetite. The
    possibility exists that you could sustain a loss of some or all of your initial
    investment and therefore you should not invest money that you cannot afford to lose. You
    should be aware of all the risks associated with foreign exchange trading, and seek advice from
    an independent financial advisor if you have any doubts.

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