I am wondering if anyone has come across an EA which monitors equity and can trail an equity amount?

Similar to a trailing stop but works on equity instead.

So if I have 3 positions open and my equity stands at $1500.00. If my equity reaches $1750.00 I want my equity stop to trail $50.00 behind.

My equity has now reached $1,850.00 and then dropped back to $1,800.00 and hit my trailing equity stoploss and closed all positions.

I have seen one in the code of a MakeGrid version but it was a little too complex.

If no one can help I will try and code it myself and perhaps one of the experts can tidy it up.

It could even be incorporated into the excellent MultiPosition Expert.

This comes pretty close, while not directly monitoring equity it will look at a profit target.

Attached Files

Swiss Army EA Zip.zip (26.1 KB, 38 views)

I hope you realize I'm teasing..
Those of us without programming knowledge are pretty much in the dark about this stuff.

Give yourself some credit, you CAN learn how to code MQ4