Zakryvator Expert Advisor Descripction

Zakryvator Expert Advisor Working Principle

Zakryvator Expert Advisor is a powerful script that provides risk-management mechanism for losing trades.

It tracks open positions for the current symbol and whenever the net loss of each trade reaches a specified amount it closes that open positions. Profitable trades are not tracked by this Expert Advisor.

Basic Idea of Zakryvator Expert Advisor

The idea behind this Expert Advisor is to provide the user with a risk management tool to reduce risk and avoid huge losses. It can be used with manual trading, or in conjunction with other Expert Advisors.

It should be noted that this EA does not open new positions, nor does it manage stop-loss, take-profit target, or employ trailing or breakeven stop.

For example, if MIN_002_005 is configured to $10, the Expert Advisor will close open positions with lot-sizes between 0.02 and 0.05 if their net loss is $10 or more.

Configurable Inputs Parameters for Zakryvator Expert Advisor

  1. MIN_001_002 – The net loss of each position of lot-size up to 0.02 lots in account currency which when reached will close that position. For example, if this value is 5, then all open positions of lot-sizes up to 0.02 lots will be closed when their net loss is $5 or greater.
  2. MIN_002_005 – The net loss of each position of lot-size between 0.02 and 0.05 lots in account currency which when reached will close that position. For example, if this value is 5, then each open position with lot-size between 0.02 and 0.05 lots will be closed when its net loss is $5 or greater.
  3. MIN_005_01 –The net loss of each position of lot-size between 0.05 and 0.1 lots in account currency which when reached will close that position. For example, if this value is 5, then each open position with lot-size between 0.05 and 0.1 lots will be closed when its net loss is $5 or greater.
  4. MIN_01_03 –The net loss of each position of lot-size between 0.1 and 0.3 lots in account currency which when reached will close that position. For example, if this value is 5, then each open position with lot-size between 0.1 and 0.3 lots will be closed when its net loss is $5 or greater.
  5. MIN_03_05 – The net loss of each position of lot-size between 0.3 and 0.5 lots in account currency which when reached will close that position. For example, if this value is 5, then each open position with lot-size between 0.3 and 0.5 lots will be closed when its net loss is $5 or greater.
  6. MIN_05_1 – The net loss of each position of lot-size between 0.5 and 1.0 lots in account currency which when reached will close that position. For example, if this value is 5, then each open position with lot-size between 0.5 and 1.0 lots will be closed when its net loss is $5 or greater.
  7. MIN_FROM_1 – The net loss of each position of lot-size above 1.0 lots in account currency which when reached will close that position. For example, if this value is 5, then each open position with lot-size above 1.0 lots will be closed when its net loss is $5 or greater.