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Introducing Upload Sixty

The Account Protector EA by EarnForex.com is a utility-based Expert Advisor designed to protect your MT4 or MT5 trading account by automatically managing risk. It is not a trading EA, but rather a risk control tool that closes trades or disables trading activity based on pre-defined thresholds.

This EA is especially useful for traders using automated systems like Ibranos EA, grid/martingale strategies, or trading high-risk instruments like XAUUSD.

Darren’s Trading Academy Module: Mastering the Ibranos MT4 Expert Advisor (EA)

Training Module: Darren’s Trading Academy Module 60: Protect Your Trading Capital with AccountProtector EA

Why Use Account Protector

This EA is especially useful for traders running automated strategies like the Ibranos EA, scalping bots, grid systems, or managing funded accounts like DarwinexZero. When integrated into your trading system, Account Protector acts as an emergency brake—ensuring you don’t exceed loss limits or miss the opportunity to lock in profits. It’s also ideal for VPS setups, where trades run unattended, and capital protection must be in place.

The Account Protector EA includes several core functions designed to safeguard your trading account. It offers equity protection by closing all trades if your account equity falls below a specified level or percentage. It also provides drawdown limitation, automatically closing trades once a set drawdown threshold is reached. You can lock in profits by enabling the profit target closure, which closes all trades after achieving a predefined profit level. Additionally, the EA can disable the MT4 or MT5 AutoTrading feature once a loss or profit condition is met, providing an extra layer of control. Protections can be applied globally to all open trades or filtered by specific symbols or EA magic numbers. The system also supports alert notifications via email, sound, or pop-up, ensuring you are informed whenever an action is triggered.

How to Install and Configure

Download the Account Protector EA from the official EarnForex.com website.

Copy the file into your platform’s Experts folder:

For MT4: MQL4/Experts/

For MT5: MQL5/Experts/

Restart your MetaTrader terminal.

Attach the EA to any chart, such as EURUSD M1.

Enable “AutoTrading” and “Allow DLL Imports.”

Adjust input settings based on your risk control requirements.

Core Functions

The Account Protector EA provides several key protective features:

Equity Protection: Automatically closes all trades when account equity drops below a specific level or percentage.

Drawdown Limitation: Monitors your account and shuts down trading if drawdown exceeds a defined threshold.

Profit Target Closure: Closes all trades once your desired profit target is reached, securing your gains.

AutoTrading Switch-Off: Optionally disables the MT4 or MT5 AutoTrading feature after hitting a loss or profit condition.

Symbol or Magic Number Filter: You can apply protection to all trades or only specific ones based on symbol or EA magic number.

Alert Notifications: Sends alerts via email, sound, or pop-up when any trigger is activated, keeping you informed in real time.

Advanced Risk Control

You can fine-tune this EA to filter trades by magic number, which is especially useful if you’re running more than one expert advisor on the same account. For example, if Ibranos EA uses magic number 123456, Account Protector can be set to monitor and act only on trades using that specific identifier, leaving your manual or other automated strategies unaffected.

When to Use Account Protector

This EA is ideal in the following scenarios:

Running high-frequency or high-risk automated strategies

Managing a funded or time-limited challenge account (e.g., DarwinexZero)

Using a VPS where trades run unattended

Trading across multiple strategies and needing separation of risk controls

Limitations

While powerful, the Account Protector EA is not designed to modify trades, trail stop losses, or hedge positions. It doesn’t influence trade logic or entry conditions. Its role is strictly capital protection—triggering stop conditions when thresholds are reached.

Practical Example

Let’s say you are running Ibranos EA on a $1,000 trading account. You want to limit your maximum drawdown to 10% and secure profits of $150 per week. In this case, you would:

Set UseEquityStop to true

Set EquityStopLoss to 900

Set UseProfitTarget to true

Set ProfitTarget to 150

Enable AutoTradingOFF if you want to stop all EAs once limits are triggered

When these levels are hit, the Account Protector will close all trades immediately, and if selected, switch off auto-trading to prevent any further trades from opening.

Summary

The Account Protector EA is an essential utility for any trader using automation or managing significant capital. It gives you confidence that your trading account has safeguards in place, even when you’re not actively monitoring it. When configured properly, it prevents catastrophic loss, locks in consistent profits, and helps meet the strict risk requirements of funded accounts. Combined with a solid strategy like the Ibranos EA, it becomes an important part of a professional trading setup.