I thought I would share the account protector I use and the template to make the screen nice and clean. (it wont let me share template here so will go though settings this makes this post a lot longer but you can save it as template after) This account is a demo on Fusing I am testing and so far they seem great. Max loss is 20% a day as this is higher risk account.
Download the account protector from here LINK
Click on File: open data folder
MQL4: Experts then drop the file into it
So now open a chart and drag the account protector onto it its in the navigator panel if not there right click on it and refresh it should show up.
Once its loaded on chart right click Expert advisors: properties: inputs and copy these and click ok.
Now to get the clean chart. Right click on chart properties. Copy these click ok.
Now your chart should look like this next step is to setup the protector. There are many settings but I will explain a daily max loss % here. First step Action tab. This is up to you as this is not master account I set it to close 100% of all and delete any pending. My master account will stop copying if its hit anyway.
Next set conditions. In this example if I lose 20% that day It cuts me so setting is 80%.
Next step is every rollover (17:00 ny time) click snapshot of equity.
Ok that was a pain right but its done. You need to of activated EA's ect.... I will do another blog next about basic settings and optimisation. Note you only need 1 of these loaded onto whole account to protect it no need for every pair you trade.
Next time you setup a new mt4 you don't want to do that all again right? So there is a way we don't have to.
Right click on chart: template: save template and name this Default
Next time you want to make a new mt4 terminal. Go to this mt4 with it all setup and open data folder: templates find the file Default and copy it. Now open new mt4 terminal go to template folder and paste it in there. You also need to copy the account protector into Experts. When you open new chart in new terminal bosh it is all there. You just need to set up the conditions in the protector again.
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