Expert Advisor PZ Equity Guardian

Buy PZ Equity Guardian Expert Advisor in the store selling algo trading systems

Pz Equi­ty Guardian is an Expert Advi­sor that con­stant­ly mon­i­tors the equi­ty of your trad­ing account and pre­vents cost­ly draw­downs.

  • Easy usage! Just load the EA to a ran­dom emp­ty chart
  • Espe­cial­ly use­ful for mon­ey man­agers
  • It has two emer­gency pro­ce­dures
  • Visu­al, email and push alerts

It imple­ments two emer­gency pro­ce­dures that are exe­cut­ed on two dif­fer­ent draw­down lev­els you can cus­tomize.

  1. The first pro­ce­dure clos­es half the vol­ume of all los­ing trades (Default at 22% draw­down)
  2. The sec­ond pro­ce­dure clos­es all los­ing trades (Default at 30% draw­down)

When an emer­gency pro­ce­dure takes place, you are noti­fied by visu­al, email and push alerts.

Every trans­ac­tion is dumped to the Experts tab of the ter­mi­nal.

We use this EA for our man­aged accounts.

Settings

When load­ing the indi­ca­tor to any chart, you will be pre­sent­ed with a set of options as input para­me­ters.

  • Equi­tyRef­er­ence
    This input para­me­ter holds the ref­er­ence equi­ty you want to be used for draw­down cal­cu­la­tions. It is used unless the cur­rent equi­ty is high­er.
  • Draw­Down­Par­tial­Close
    This is the draw­down in per­cent­age that trig­gers the first secu­ri­ty mea­sure: clos­ing half the vol­ume of all los­ing trades.
  • Draw­Down­To­tal­Close
    This is the draw­down in per­cent­age that trig­gers the sec­ond secu­ri­ty mea­sure: clos­ing all los­ing trades.
  • Alerts
    Enable display/email/push/sound alerts for secu­ri­ty mea­sures.

Some Nitty-Gritty Details

  • The Expert Advi­sor is exe­cut­ed every sin­gle tick
  • Pend­ing orders are ignored by both pro­ce­dures
  • The Expert Advi­sor stops work­ing if any secu­ri­ty mea­sure is exe­cut­ed once, and needs restart­ing

Author

Arturo López Pérez, pri­vate investor and spec­u­la­tor, soft­ware engi­neer and founder of Point Zero Trad­ing Solu­tions.

PZ Equity Guardian 

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