Expert Advisor is turned off. Equity Protection Activated

[Oliver Grasset]

Hello,

Today, after downloading the best 10 EAs as portfolios and dropping them in the correct charts, they didn’t stick; they disappeared. This is very annoying.

 

[Alan Northam]

Hi Oliver,

This normally occurs when the account protections have been activated.  You can find the account protections in the robots properties box.  If you can provide a screenshot of the upper left corner of the trading chart and the properties box showing the account protections I can help further!

Alan,

[Oliver Grasset]

I’m not sure what you mean, but here’s a screenshot…

[Alan Northam]

Hi Oliver,

As I thought, the Minimum equity protection has been activated.  This shows the account balance is below 888002.  You need to make adjustments to Max spread, Minimum equity, and Maximum daily loss.  You can set these to zero to get the account trading but you won’t have any protections.  If this is a prop firm you can get these protection level requirements from them.  If it is a brokerage account then you need to decide what protection levels you are willing to accept.

Alan,

[Oliver Grasset]

I guess I’m stupid yeah?

[Alan Northam]

Hi Oliver,

Not stupid, just learning.  We all go through it!

Alan,

[Oliver Grasset]

So what, I need $888002 to run your bots?

[Oliver Grasset]

Anyway, I put all the bots back from last week, and they work. The new bots I downloaded this morning don’t work, so that’s even more confusing. I still don’t know how to:

You need to make adjustments to Max spread, Minimum equity, and Maximum daily loss.  You can set these to zero to get the account trading but you won’t have any protections. 

Can you send me a video?

[Oliver Grasset]

[Oliver Grasset]

That’s working now. I set everything to 0 as I have a drawdown bot that protects my account. Thank you.

[Alan Northam]

Hi Oliver,

Have you tested the drawdown bot to make sure it works?  Maybe just set it slightly below current price so that if you get a small drawdown it will close the EAs.  This would be a good test before setting a lower trigger level and then finding out it doesn’t work as advertised.  It is wise to test it to make sure it works.

Alan,

[Oliver Grasset]

Hey Alan, that’s a good idea. I’m also running this portfolio on a demo account, so if the DD bot fails, I won’t lose any real money. Thanks for your help and tip!

[Alan Northam]

Hi Oliver,

That’s a good strategy to start with a demo account!  Keep up the good work!

Alan,

[David Correa]

Hello Fellow Traders,

I have a concern with 3 of the Bots from EURUSD, XAUUSD, BTCUSD from Top 10 App. The Bot’s are applied on the chart. However, there is a message in the chart that says, that bots are turned off. I am also attaching a screenshot for quick reference.

Can someone help me with the same please?

Thank you in advance for the support.

 

[Alan Northam]

Hi David,

The text in the graphic says “Minimum equity protection activated”.  This happens to protect your account from further loss.  You need to change the “Minimum equity (currency) setting in the EA properties box.

Alan,

[David Correa]

Hello Alan,

Thank you so much for your a timely response. I will work on the changes and check if the bots are running smoothly.

What’s the best setting I can set up for the same?

Regards,

David

[Author]

Posts