Equity Sentry EA is the best MT4 Equity Protection EA for retail Forex traders which can close all open positions and disable all Expert Advisors in specific situations. The primary function of the ESEA is to allow Forex traders set a “Hard Stop” level to protect the account from unexpected drawdowns. Also, it has other additional useful features like “Evergreen Profit Target” and “On Timer Actions.”
Equity Sentry EA is designed to monitor MT4 account 24/7 and perform specific operations and safety procedures when predefined conditions are met.
When market price declines to a particular level ESEA will close all open positions and disable all Expert Advisors even if you use a trading robot which opens new orders immediately after old ones get closed. ESEA will shut down other EAs before closing positions eliminating the chance of any new positions being opened.
Equity Sentry EA is probably the only app for MT4 to prevent other EAs from opening new trades after the Hard Stop is triggered.
With the ESEA you can keep the drawdown low and not worry that your manager or some Forex trading robot will blow your account.
Also, ESEA can monitor not only open positions (floating profit/loss) but also closed trades too. It means ESEA can detect series of closed losing trades automatically and take necessary security actions.