Why Each Automated Dealer Wants a Security Internet — Introducing Commerce Fairness Guardian
For those who run Professional Advisors in your MetaTrader 5 account, you already know the sensation. You step away out of your desk, assured your techniques are working easily, solely to come back again and discover one thing went flawed. Perhaps an EA opened positions on the flawed lot dimension. Perhaps a technique that usually trades 0.1 tons all of the sudden fired off 1.0 lot orders due to a parameter glitch. Perhaps you manually positioned a commerce in a rush and by chance typed 5.0 as a substitute of 0.5.
These items occur. And once they do, they’ll do severe injury to your account earlier than you even discover.
That’s precisely why I constructed Commerce Fairness Guardian.
The Drawback With Trusting Automation Utterly
Automated buying and selling is highly effective. It removes emotion, executes with velocity, and allows you to run a number of methods across the clock. However automation is simply as dependable because the code behind it, the dealer connection feeding it, and the human who configured it.
Listed below are some actual eventualities that catch merchants off guard each single day:
A developer updates an EA and introduces a bug that miscalculates lot sizes. The EA runs advantageous throughout testing on a demo account, will get pushed to dwell, and inside minutes it has opened a number of positions at ten instances the supposed dimension. By the point the dealer notices, the account has taken a big drawdown.
A dealer runs a number of EAs on the identical account. One technique enters a place, and a second EA — because of a logic error or misconfigured image filter — additionally enters on the identical pair. The mixed publicity is now double what the dealer supposed, and neither EA is conscious of the opposite.
A guide dealer is inserting a fast scalp throughout a information occasion. Within the rush, they enter the flawed lot dimension. The market strikes in opposition to them. What ought to have been a small loss turns into a big one as a result of the place was outsized from the beginning.
None of those eventualities contain unhealthy technique. They contain human error and software program glitches — the sorts of issues that no quantity of backtesting can stop.
What Commerce Fairness Guardian Does
Commerce Fairness Guardian is a light-weight EA that runs within the background on any chart and repeatedly displays each open place in your account. It checks all trades at an everyday interval you outline — as steadily as each second in order for you — and mechanically closes any place that breaches a number of of your predefined thresholds.
It doesn’t open trades. It doesn’t intrude along with your methods. It merely watches, and acts when one thing crosses a line it shouldn’t have crossed.
There are 4 impartial standards you possibly can set, and any mixture of them might be lively on the similar time. For those who set a price to zero, that criterion is just ignored.
Most Lot Dimension — You outline the biggest lot dimension any single place ought to ever be. If a commerce seems in your account at or above that dimension, it will get closed instantly. That is your first line of defence in opposition to fat-finger errors and EA malfunctions that miscalculate place sizing.
Most Share of Account Fairness — You outline the utmost share of your fairness that any single place’s margin ought to characterize. If a commerce is utilizing an excessive amount of of your account relative to your fairness, it will get closed. This retains particular person place publicity in verify no matter what lot dimension was used, as a result of the identical lot dimension represents very totally different threat on totally different devices.
Most Revenue Quantity — You set a greenback quantity, and any commerce whose revenue (together with swap) reaches that degree or above will get closed. This acts as a common revenue goal throughout all of your positions. It’s notably helpful when you run EAs that should not have their very own take-profit logic, or in order for you a tough ceiling on any single commerce’s revenue no matter what technique opened it.
Most Loss Quantity — You set a greenback quantity as a optimistic quantity, and any commerce whose loss reaches that degree or worse will get closed. That is your final line of defence — a tough cease in greenback phrases that protects your account if a place runs away from you. It really works independently of any cease loss your EA or guide commerce could have set, and it catches conditions the place a cease loss was forgotten, deleted, or by no means positioned in any respect.
How It Protects You in Observe
Consider Commerce Fairness Guardian as an account-level threat supervisor that sits above all of your different techniques. Your EAs deal with their very own entries, exits, and commerce administration. Commerce Fairness Guardian doesn’t care about any of that. It solely cares concerning the end result — is that this place too large, too uncovered, too worthwhile to depart working, or too deep within the pink to tolerate?
Listed below are some sensible methods merchants are utilizing it:
Prop agency account safety. For those who commerce a funded account, you can’t afford to blow by means of a drawdown restrict due to a single unhealthy commerce. Set the utmost loss quantity to a fraction of your allowed drawdown, and Commerce Fairness Guardian will lower any place that threatens your account earlier than it does actual injury.
Multi-EA threat administration. Once you run a number of Professional Advisors on one account, whole publicity can creep up with none single EA being conscious. Setting a most lot dimension or most fairness share ensures that no particular person place — from any supply — exceeds what you’re snug with.
Handbook buying and selling self-discipline. Even skilled guide merchants make errors underneath strain. A most lot dimension of, say, 2.0 tons signifies that when you by chance enter 20.0 tons, the place is closed inside seconds. That one setting alone may save your account in the future.
In a single day and weekend safety. For those who depart positions open outdoors of your lively buying and selling hours, setting a most loss quantity offers you peace of thoughts that no single commerce can do catastrophic injury when you are not watching.
EA growth and testing on dwell accounts. When you find yourself testing a brand new EA on a dwell account with small dimension, set tight thresholds. If the EA misbehaves, Commerce Fairness Guardian catches it earlier than the error turns into costly.
Filtering and Flexibility
You should not have to watch all the pieces. Commerce Fairness Guardian features a magic quantity filter, so you possibly can goal solely positions opened by a selected EA whereas leaving all the pieces else untouched. There may be additionally a logo filter when you solely need to monitor a specific instrument.
The verify interval is configurable right down to the second, and the EA additionally checks on each incoming tick as a backup — so even throughout quiet markets with low tick exercise, your positions are nonetheless being watched.
If a detailed try fails because of requotes or server points, the EA mechanically retries as much as a configurable variety of instances. You possibly can set the allowed slippage in factors to fit your dealer and the devices you commerce.
When a place is closed, you get a full breakdown — the ticket quantity, image, course, lot dimension, revenue or loss, and the precise purpose it was closed. This may be delivered as an on-screen alert, a push notification to your telephone, and a log entry within the Specialists tab on your data.
Set It and Overlook It
The fantastic thing about Commerce Fairness Guardian is its simplicity. You connect it to 1 chart, set your thresholds, and depart it working. It really works throughout each image, each timeframe, and each dealer. It has no exterior dependencies, no DLLs, and no sophisticated configuration.
You do not want to consider it till the day it saves you from a mistake you didn’t see coming. And on that day, you can be glad it was there.
Yow will discover Commerce Fairness Guardian on the MQL5 Market right here.
If in case you have questions concerning the EA or tips on how to configure it on your particular setup, be at liberty to drop a remark under or message me straight. I’m comfortable that will help you get it dialled in.