Protectron — Product Reference Web page
This web page covers the total technical element, settings information, and configuration examples for the Protectron utility listed on the MQL5 Market.
View the product itemizing right here
How It Works
When Protectron begins, it determines the preliminary deposit baseline utilizing both Auto mode (present account steadiness) or Handbook mode (a user-specified worth). This baseline is used for all revenue and loss threshold calculations.
Protectron then screens account fairness — steadiness plus floating revenue and loss — on each tick. When fairness reaches the configured revenue goal or drops to the configured loss restrict, the next actions happen in sequence:
- All open positions are closed instantly
- Pending orders are deleted if that choice is enabled
- An alert notification is distributed if that choice is enabled
- Safety standing is activated, stopping re-triggering
After triggering, Protectron enters safety energetic mode and stops additional actions. The consumer retains full management to restart or alter settings at any time.
Revenue Goal Settings
The revenue goal defines the higher fairness threshold at which all positions are closed. 5 calculation modes can be found:
- Off — no higher threshold, revenue goal disabled
- Fairness — shut when account fairness reaches a set degree. Instance: set 15000 to shut when fairness reaches $15,000
- Quantity — shut when revenue from preliminary deposit reaches a greenback quantity. Instance: set 1000 to shut when revenue reaches $1,000
- % of Deposit — shut when revenue reaches a share of preliminary deposit. Instance: set 10 to shut at 10% acquire
- % of Stability — shut when revenue reaches a share of present steadiness. Instance: set 5 to shut when steadiness is up 5%
Revenue goal examples primarily based on a $10,000 preliminary deposit:
- Quantity mode, worth 1000 — triggers at $11,000 fairness
- % of Deposit mode, worth 15 — triggers at $11,500 fairness
- Fairness mode, worth 12500 — triggers at $12,500 fairness
Loss Restrict Settings
The loss restrict defines the decrease fairness threshold at which all positions are closed. The identical 5 calculation modes can be found:
- Off — no decrease threshold, loss restrict disabled
- Fairness — shut when account fairness drops to a set degree. Instance: set 9000 to shut when fairness drops to $9,000
- Quantity — shut when loss from preliminary deposit reaches a greenback quantity. Instance: set 500 to shut when loss reaches $500
- % of Deposit — shut when loss reaches a share of preliminary deposit. Instance: set 5 to shut at 5% loss
- % of Stability — shut when loss reaches a share of present steadiness
Preliminary Deposit Settings
The preliminary deposit is the baseline worth used for all quantity and share calculations. Two detection modes can be found:
- Auto — makes use of the present account steadiness on the time Protectron begins. Appropriate for many customers.
- Handbook — makes use of a user-specified worth. Use this mode when the account has current open positions at startup or when a exact baseline is required. Instance: set 10000 to make use of $10,000 because the baseline no matter present steadiness.
Extra Settings
- Delete Pending Orders — when enabled, all pending orders are eliminated on the similar time positions are closed
- Alert on Set off — sends a MetaTrader alert notification when both threshold is reached
- Disable Algo Buying and selling on Set off — optionally disables the algo buying and selling button in MetaTrader after safety prompts, stopping any EA from opening new trades
Notes
- Protectron hedges all open positions on the account, together with these opened manually or by different Knowledgeable Advisors. It doesn’t distinguish between commerce sources.
- Safety triggers as soon as per session. After activation, Protectron stops monitoring till manually restarted.
- For prop agency use, set the loss restrict to match the agency’s most every day drawdown rule and the higher threshold to match the revenue goal. Protectron will implement each mechanically.
- Similar performance is obtainable on each MetaTrader 4 and MetaTrader 5.
