Account Protection

🛡️ Overview

RedFox Copier Pro includes sophisticated account protection features to automatically safeguard your capital and lock in profits. These critical risk management tools prevent catastrophic losses and enforce disciplined profit-taking.

Key Features:

  • 🛑 Daily Loss Limit - Auto-stop trading after maximum daily loss

  • 💰 Profit Protection - Lock in profits and stop trading at target levels (3 tiers)

  • 📊 Real-Time Monitoring - Automatic tracking and enforcement

  • 🚨 Instant Alerts - Telegram notifications when limits are reached

Why This Matters: Account protection is the difference between sustainable trading and account blow-ups. These features enforce discipline when emotions run high.

🛑 Daily Loss Limit

1. EnableDailyLossLimit

EnableDailyLossLimit = true | false

Controls automatic daily loss protection.

false (No Protection - NOT RECOMMENDED)

Behavior: EA continues trading regardless of daily loss.

Risk:

  • ❌ One bad day can wipe out weeks of profit

  • ❌ No downside protection

  • ❌ Emotional trading continues

  • ❌ Account blow-up risk

When to use:

  • Testing only

  • Manual management

  • NOT for automated trading!

true (Loss Limit Active - HIGHLY RECOMMENDED)

Behavior: EA automatically stops trading when daily loss limit is reached.

When to use:

  • ALWAYS (professional risk management)

  • Protect from catastrophic days

  • Emotional discipline enforced

  • Preserve capital for recovery

  • Prevent revenge trading

Benefits:

  • ✅ Prevents blow-up days

  • ✅ Enforces discipline automatically

  • ✅ Preserves capital for recovery

  • ✅ Allows consistent compounding

  • ✅ Reduces stress and emotional decisions

Professional Standard: Every professional trader uses daily loss limits. No exceptions.

2. DailyLossLimit

DailyLossLimit = 200  // Dollar amount (absolute value)

Defines maximum acceptable daily loss in account currency (USD, EUR, etc.).

Configuration by Account Size:

$1,000 Account:

Conservative: DailyLossLimit = 10   // 1%
Moderate:     DailyLossLimit = 20   // 2%
Aggressive:   DailyLossLimit = 50   // 5%

$5,000 Account:

Conservative: DailyLossLimit = 50   // 1%
Moderate:     DailyLossLimit = 100  // 2%
Aggressive:   DailyLossLimit = 250  // 5%

$10,000 Account:

Conservative: DailyLossLimit = 100  // 1%
Moderate:     DailyLossLimit = 200  // 2%
Aggressive:   DailyLossLimit = 500  // 5%

$50,000 Account:

Conservative: DailyLossLimit = 500   // 1%
Moderate:     DailyLossLimit = 1000  // 2%
Aggressive:   DailyLossLimit = 2500  // 5%

Professional Guidelines:

Recommended Daily Loss Limits:

  • Conservative Traders: 1% of account balance

  • Moderate Traders: 2% of account balance

  • Aggressive Traders: 3% of account balance (maximum!)

Never Exceed: 5% daily loss limit (extremely risky!)

Formula:

DailyLossLimit = Account Balance × Daily Loss %
Example: $10,000 × 2% = $200

How It Works - Real Example:

Account Setup:

Account Balance: $10,000
DailyLossLimit: 200  // 2%
EnableDailyLossLimit: true
DailyLossLimitAction: CLOSE_ALL

Trade Timeline:

📅 October 28, 2024 - Trading Day

Starting Balance: $10,000
Daily Loss Limit: -$200 (maximum allowed loss)

09:00 AM - Signal: EURUSD BUY
          Result: Closed at loss -$50
          Daily P/L: -$50 ✅ Continue

10:30 AM - Signal: GBPUSD SELL
          Result: Closed at loss -$80
          Daily P/L: -$130 ✅ Continue

12:00 PM - Signal: XAUUSD BUY
          Result: Closed at profit +$30
          Daily P/L: -$100 ✅ Continue

14:00 PM - Signal: USDJPY SELL
          Result: Closed at loss -$110
          Daily P/L: -$210 🛑 LIMIT REACHED!

⚠️ DAILY LOSS LIMIT TRIGGERED: -$210 > -$200

EA Actions When Limit Reached:

1. Close Orders (depends on DailyLossLimitAction):

✅ Immediately close all open positions
✅ Cancel all pending orders
✅ Stop processing new signals

2. Send Telegram Alert:

🛑 DAILY LOSS LIMIT REACHED!

Account: MT4-123456
Date: 2024-10-28
Time: 14:05:23

💰 LOSS SUMMARY
Daily Loss: -$210.00
Loss Limit: -$200.00
Exceeded By: -$10.00

📊 TODAY'S STATS
Total Trades: 4
Winning: 1 (25%)
Losing: 3 (75%)
Largest Loss: -$110

🛑 PROTECTION ACTIVATED
✅ All positions closed
✅ New signals blocked
✅ Trading stopped for today

⏰ RESUME TIME
Trading will automatically resume tomorrow at 00:00 (broker time)

🔧 ACTIONS RECOMMENDED
1. Review today's trades
2. Check market conditions
3. Evaluate strategy
4. Do NOT restart EA manually (let it reset tomorrow)

3. Log Event:

Files/RedFoxCopierPro_Protection_2024-10-28.log

[2024-10-28 14:05:23] DAILY LOSS LIMIT TRIGGERED
Account: 123456
Daily Loss: -$210.00
Loss Limit: -$200.00
Action: CLOSE_ALL
Orders Closed: 3 positions
Pending Cancelled: 0 orders
Status: TRADING STOPPED

4. Update Dashboard:

╔══════════════════════════════════════╗
║ 🛑 DAILY LOSS LIMIT REACHED         ║
╠══════════════════════════════════════╣
║ Loss: -$210.00 / -$200.00           ║
║ Status: STOPPED                      ║
║ Resume: Tomorrow 00:00               ║
╚══════════════════════════════════════╝

Next Day (00:00 Broker Time):

✅ EA automatically resets
✅ Daily loss counter resets to $0
✅ Resume processing signals
✅ Fresh start with full protection

3. DailyLossLimitAction

DailyLossLimitAction = CLOSE_ALL | CLOSE_LOSS | STOP_NEW | ALERT_ONLY

Defines what EA does when daily loss limit is reached.

CLOSE_ALL (Recommended - Maximum Protection)

Action: Close ALL orders (winners + losers) and stop trading.

Behavior:

When limit reached:
1. Close all profitable positions
2. Close all losing positions
3. Cancel all pending orders
4. Stop processing new signals
5. Send alert

Example:

Open Positions When Limit Reached:
- EURUSD BUY: +$50 (profit)
- GBPUSD SELL: -$150 (loss)
- XAUUSD BUY: -$120 (loss)
Total Daily Loss: -$220

Action:
→ Close EURUSD (+$50)
→ Close GBPUSD (-$150)
→ Close XAUUSD (-$120)
→ Final Daily Loss: -$220
→ Stop all trading

When to use:

  • Professional trading (ALWAYS)

  • Maximum protection

  • Clean account reset

  • Prevent further exposure

Why Recommended:

  • ✅ Complete protection

  • ✅ No open exposure overnight

  • ✅ Fresh start next day

  • ✅ Professional approach

CLOSE_LOSS (Aggressive - Higher Risk)

Action: Close ONLY losing orders, keep profitable orders, stop new trades.

Behavior:

When limit reached:
1. Close all losing positions
2. Keep all profitable positions
3. Cancel pending orders
4. Stop processing new signals

Example:

Open Positions:
- EURUSD BUY: +$50 (profit)
- GBPUSD SELL: -$150 (loss)
- XAUUSD BUY: -$120 (loss)
Total Daily Loss: -$220

Action:
→ Close GBPUSD (-$150)
→ Close XAUUSD (-$120)
→ Keep EURUSD (+$50) ⚠️ OPEN
→ Stop new trades

Risks:

  • ⚠️ Profitable position could reverse to loss

  • ⚠️ Overnight exposure continues

  • ⚠️ Could exceed loss limit if winner reverses

When to use:

  • Believe winners have strong momentum

  • Want to protect winning positions

  • Accept additional risk

NOT Recommended for beginners!

STOP_NEW (Risky - NOT RECOMMENDED)

Action: Stop opening NEW trades only, keep ALL existing orders (winners + losers).

Behavior:

When limit reached:
1. Keep all open positions (no closes)
2. Stop processing new signals only

Example:

Open Positions:
- EURUSD BUY: +$50
- GBPUSD SELL: -$150
- XAUUSD BUY: -$120
Total Daily Loss: -$220

Action:
→ Keep all 3 positions OPEN ⚠️
→ Stop new signals only
→ Hope for recovery (risky!)

Major Risks:

  • ❌ Losing positions could get worse

  • ❌ Daily loss could increase significantly

  • ❌ No actual protection provided

  • ❌ Defeats purpose of loss limit

When to use:

  • Manual trading/intervention

  • Believe in recovery

  • Testing only

  • NEVER for automated trading!

ALERT_ONLY (No Protection - NOT RECOMMENDED)

Action: Send alert but continue trading normally (no protection).

Behavior:

When limit reached:
1. Send Telegram message
2. Continue trading normally ❌
3. No orders closed
4. No new signals blocked

Risks:

  • ❌ Loss limit completely ignored

  • ❌ No protection whatsoever

  • ❌ Can lose unlimited amount

  • ❌ Pointless to set limit

When to use:

  • Testing/development only

  • Manual monitoring

  • NEVER for live automated trading!

💰 Profit Protection (3-Tier System)

4. EnableProfitProtection

EnableProfitProtection = true | false

Controls automatic profit target protection (lock in winning days).

false (No Profit Protection)

Behavior: EA continues trading regardless of daily profit.

Risk:

  • ⚠️ Can give back profits

  • ⚠️ No profit locking mechanism

  • ⚠️ Winning days can turn to losses

true (Profit Protection Active - RECOMMENDED)

Behavior: EA automatically locks in profit when daily targets are reached.

Benefits:

  • ✅ Lock in winning days

  • ✅ Prevent giving back profits

  • ✅ Psychological discipline

  • ✅ Consistent compounding

  • ✅ Protect great days

When to use:

  • Professional trading

  • Want consistency over home runs

  • Disciplined profit taking

  • Preserve good days

  • Build steady equity curve

5. ProfitProtectionLevel1/2/3

ProfitProtectionLevel1 = 200   // First profit target
ProfitProtectionLevel2 = 500   // Second profit target
ProfitProtectionLevel3 = 1000  // Third profit target

Defines 3-tier progressive profit protection system.

3-Tier System Philosophy:

Level 1 (Early Warning):

  • Alert that you're having a good day

  • Option to reduce risk or continue

Level 2 (Solid Profit):

  • Lock in most profits

  • Stop new trades or close profitable positions

Level 3 (Exceptional Day):

  • Maximum daily target reached

  • Stop trading completely

  • Protect extraordinary gains

Configuration by Account Size:

$1,000 Account:

ProfitProtectionLevel1 = 20    // 2% (early win)
ProfitProtectionLevel2 = 50    // 5% (solid day)
ProfitProtectionLevel3 = 100   // 10% (exceptional)

$5,000 Account:

ProfitProtectionLevel1 = 100   // 2%
ProfitProtectionLevel2 = 250   // 5%
ProfitProtectionLevel3 = 500   // 10%

$10,000 Account:

ProfitProtectionLevel1 = 200   // 2%
ProfitProtectionLevel2 = 500   // 5%
ProfitProtectionLevel3 = 1000  // 10%

$50,000 Account:

ProfitProtectionLevel1 = 1000  // 2%
ProfitProtectionLevel2 = 2500  // 5%
ProfitProtectionLevel3 = 5000  // 10%

Realistic Daily Profit Targets:

Conservative Strategy:

  • Level 1: 1% daily

  • Level 2: 2% daily

  • Level 3: 5% daily

Moderate Strategy:

  • Level 1: 2% daily

  • Level 2: 5% daily

  • Level 3: 10% daily

Aggressive Strategy:

  • Level 1: 3% daily

  • Level 2: 7% daily

  • Level 3: 15% daily

Professional Guideline: 2-5% daily profit is realistic and sustainable. 10%+ days are rare but possible.

6. ProfitProtectionAction1/2/3

ProfitProtectionAction1 = ALERT_ONLY | CLOSE_PROFIT | CLOSE_ALL | STOP_NEW
ProfitProtectionAction2 = ALERT_ONLY | CLOSE_PROFIT | CLOSE_ALL | STOP_NEW
ProfitProtectionAction3 = ALERT_ONLY | CLOSE_PROFIT | CLOSE_ALL | STOP_NEW

Defines action for each profit tier.

ALERT_ONLY (Notification Only)

Action: Send Telegram alert, continue trading normally.

Example:

Daily Profit: +$200 (Level 1 reached)
Action: Send alert, keep trading

Telegram Message:
🎯 PROFIT TARGET LEVEL 1 REACHED!
Daily Profit: +$200
Target: $200
Keep trading normally.

When to use:

  • Level 1 (early warning)

  • Want to let good days develop

  • Just want notification

CLOSE_PROFIT (Lock Profits, Keep Losers)

Action: Close all profitable positions, stop new trades, keep losing positions.

Example:

Daily Profit: +$500 (Level 2 reached)

Open Positions:
- EURUSD: +$80 (profit)
- GBPUSD: +$120 (profit)
- XAUUSD: -$30 (loss)

Action:
→ Close EURUSD (+$80)
→ Close GBPUSD (+$120)
→ Keep XAUUSD (-$30) open (might recover)
→ Stop new signals
→ Net locked: +$470 minimum

When to use:

  • Level 2 (lock most profit)

  • Give losing trades chance to recover

  • Protect majority of gains

CLOSE_ALL (Maximum Protection)

Action: Close ALL positions (profit + loss), stop trading for the day.

Example:

Daily Profit: +$1000 (Level 3 reached)

Open Positions:
- EURUSD: +$150
- GBPUSD: +$80
- XAUUSD: -$20

Action:
→ Close all 3 positions
→ Final profit: +$1,210
→ Stop all trading for today
→ Preserve exceptional day

When to use:

  • Level 3 (maximum target)

  • Lock in exceptional days

  • Prevent any profit givebacks

  • Most professional approach

STOP_NEW (Stop New Trades Only)

Action: Stop opening new trades, keep all existing positions.

Example:

Daily Profit: +$500

Open Positions:
- EURUSD: +$120
- GBPUSD: +$80

Action:
→ Keep both positions open
→ Let them run to TP
→ Stop new signals only

When to use:

  • Believe open positions will increase profit

  • Want maximum profit potential

  • Accept risk of givebacks

📊 Complete 3-Tier Example

Account Setup:

Account Balance: $10,000
EnableProfitProtection: true

ProfitProtectionLevel1 = 200   // 2%
ProfitProtectionLevel2 = 500   // 5%
ProfitProtectionLevel3 = 1000  // 10%

ProfitProtectionAction1 = ALERT_ONLY
ProfitProtectionAction2 = CLOSE_PROFIT
ProfitProtectionAction3 = CLOSE_ALL

Trading Day Timeline:

09:00 AM - Day Start

Starting Balance: $10,000
Daily Profit: $0
Status: Normal trading

10:30 AM - First Wins

Trades: 3 wins, 1 loss
Daily Profit: +$180
Status: Normal trading continues

12:00 PM - Level 1 Reached

Daily Profit: +$205 (Level 1: $200)
Action: ALERT_ONLY

Telegram Alert:
🎯 PROFIT LEVEL 1 REACHED!
Daily Profit: +$205
Target: $200
Status: Trading continues
Keep up the great work!

14:00 PM - Level 2 Reached

Daily Profit: +$520 (Level 2: $500)
Action: CLOSE_PROFIT

Open Positions at this moment:
- EURUSD: +$80
- GBPUSD: +$45
- XAUUSD: -$15

EA Actions:
1. Close EURUSD: +$80
2. Close GBPUSD: +$45
3. Keep XAUUSD: -$15 (let it run)
4. Stop new signals

Telegram Alert:
💰 PROFIT LEVEL 2 REACHED!
Daily Profit: +$535
Target: $500
Action: Closed profitable orders
Locked Profit: +$520 minimum
Status: New trades stopped
Open: 1 position (-$15)

15:30 PM - Level 3 Reached

(XAUUSD recovered and hit TP for +$500!)

Daily Profit: +$1,020 (Level 3: $1,000)
Action: CLOSE_ALL

Open Positions:
- None (all closed)

EA Actions:
1. Close any remaining positions
2. Stop all trading
3. Lock exceptional day

Telegram Alert:
🏆 PROFIT LEVEL 3 REACHED!
🎉 EXCEPTIONAL DAY!

Daily Profit: +$1,020
Target: $1,000
Return: +10.2%

📊 TODAY'S STATS
Total Trades: 12
Win Rate: 75%
Largest Win: +$500

🛡️ PROTECTION ACTIVATED
✅ All positions closed
✅ Trading stopped for today
✅ Profit locked and protected

⏰ RESUME TOMORROW
Trading will resume at 00:00 (broker time)

🎊 CONGRATULATIONS!
Excellent trading day. Rest and repeat tomorrow!

Next Day (00:00 Broker Time):

✅ Profit counters reset
✅ Resume normal trading
✅ Fresh targets for new day
Starting Balance: $11,020 (includes yesterday's profit)

💼 Real-World Configuration Examples

Example 1: Ultra-Conservative (Capital Preservation)

Account: $10,000

Configuration:

// Loss Limit (very tight)
EnableDailyLossLimit = true
DailyLossLimit = 100  // 1%
DailyLossLimitAction = CLOSE_ALL

// Profit Protection (lock early)
EnableProfitProtection = true
ProfitProtectionLevel1 = 100   // 1%
ProfitProtectionLevel2 = 200   // 2%
ProfitProtectionLevel3 = 400   // 4%
ProfitProtectionAction1 = CLOSE_PROFIT
ProfitProtectionAction2 = CLOSE_ALL
ProfitProtectionAction3 = CLOSE_ALL

Philosophy: Lock profits early, stop losses fast. Slow steady growth.

Example 2: Balanced Professional

Account: $10,000

Configuration:

// Loss Limit (standard)
EnableDailyLossLimit = true
DailyLossLimit = 200  // 2%
DailyLossLimitAction = CLOSE_ALL

// Profit Protection (tiered)
EnableProfitProtection = true
ProfitProtectionLevel1 = 200   // 2%
ProfitProtectionLevel2 = 500   // 5%
ProfitProtectionLevel3 = 1000  // 10%
ProfitProtectionAction1 = ALERT_ONLY
ProfitProtectionAction2 = CLOSE_PROFIT
ProfitProtectionAction3 = CLOSE_ALL

Philosophy: Standard risk management, let good days develop, protect exceptional gains.

Example 3: Aggressive Growth

Account: $10,000

Configuration:

// Loss Limit (wider)
EnableDailyLossLimit = true
DailyLossLimit = 500  // 5%
DailyLossLimitAction = CLOSE_ALL

// Profit Protection (let it run)
EnableProfitProtection = true
ProfitProtectionLevel1 = 300   // 3%
ProfitProtectionLevel2 = 800   // 8%
ProfitProtectionLevel3 = 1500  // 15%
ProfitProtectionAction1 = ALERT_ONLY
ProfitProtectionAction2 = ALERT_ONLY
ProfitProtectionAction3 = CLOSE_PROFIT

Philosophy: Accept higher daily risk, pursue larger gains, protect only at extremes.

Example 4: Scalper (Many Small Wins)

Account: $10,000

Configuration:

// Loss Limit (moderate)
EnableDailyLossLimit = true
DailyLossLimit = 150  // 1.5%
DailyLossLimitAction = CLOSE_ALL

// Profit Protection (frequent locks)
EnableProfitProtection = true
ProfitProtectionLevel1 = 100   // 1%
ProfitProtectionLevel2 = 250   // 2.5%
ProfitProtectionLevel3 = 500   // 5%
ProfitProtectionAction1 = ALERT_ONLY
ProfitProtectionAction2 = CLOSE_PROFIT
ProfitProtectionAction3 = CLOSE_ALL

Philosophy: Small consistent gains, lock frequently, tight loss control.

⚠️ Common Mistakes

❌ Mistake 1: No Loss Limit

Bad:

EnableDailyLossLimit = false
// Disaster waiting to happen!

Good:

EnableDailyLossLimit = true
DailyLossLimit = 2% of account

Why: One bad day can wipe out weeks of profit. ALWAYS use loss limits!

❌ Mistake 2: Loss Limit Too High

Bad:

Account: $10,000
DailyLossLimit = 1000  // 10% - WAY TOO HIGH!

Good:

DailyLossLimit = 200  // 2% - Professional standard

Why: 10% daily loss is catastrophic. Professional traders use 1-3% max.

❌ Mistake 3: Using STOP_NEW for Loss Limit

Bad:

DailyLossLimitAction = STOP_NEW
// Losses can continue growing!

Good:

DailyLossLimitAction = CLOSE_ALL
// Complete protection

Why: STOP_NEW doesn't actually protect you. Losses continue from open trades.

❌ Mistake 4: No Profit Protection

Bad:

EnableProfitProtection = false
// Give back winning days

Good:

EnableProfitProtection = true
Set realistic daily targets

Why: Winning days can turn to losses without protection. Lock gains!

❌ Mistake 5: Unrealistic Profit Targets

Bad:

Account: $5,000
ProfitProtectionLevel1 = 5000  // 100% daily - IMPOSSIBLE!

Good:

ProfitProtectionLevel1 = 100   // 2%
ProfitProtectionLevel2 = 250   // 5%
ProfitProtectionLevel3 = 500   // 10%

Why: 100% daily gains don't happen. Set realistic achievable targets.

❌ Mistake 6: Same Action for All Levels

Bad:

ProfitProtectionAction1 = CLOSE_ALL
ProfitProtectionAction2 = CLOSE_ALL
ProfitProtectionAction3 = CLOSE_ALL
// Stop too early!

Good:

ProfitProtectionAction1 = ALERT_ONLY
ProfitProtectionAction2 = CLOSE_PROFIT
ProfitProtectionAction3 = CLOSE_ALL
// Progressive tightening

Why: Use tiers properly - alert early, lock at level 2, stop at level 3.

❌ Mistake 7: Manually Restarting EA After Protection

Bad:

Loss limit hit at 2 PM
Manually restart EA at 3 PM
"I can make it back!"
// Recipe for disaster

Good:

Loss limit hit at 2 PM
Let EA remain stopped
Review trades
Wait for automatic reset tomorrow

Why: Revenge trading after loss limit is the #1 way to blow accounts. Trust the system!

✅ Best Practices

✅ 1. ALWAYS Enable Daily Loss Limit

Minimum Configuration:

EnableDailyLossLimit = true
DailyLossLimit = 1-3% of account
DailyLossLimitAction = CLOSE_ALL

Why: Non-negotiable. Professional traders NEVER trade without loss limits.

✅ 2. Set Conservative Loss Limits

Recommended:

Conservative: 1% daily
Moderate: 2% daily
Maximum: 3% daily (absolute max!)

Never Exceed: 5% daily loss limit!

✅ 3. Use 3-Tier Profit Protection

Progressive Strategy:

Level 1: Alert (know you're winning)
Level 2: Lock profits (CLOSE_PROFIT)
Level 3: Stop trading (CLOSE_ALL)

✅ 4. Never Manually Override Protection

When limit is hit:

  • ❌ Don't restart EA

  • ❌ Don't disable protection

  • ❌ Don't try to "make it back"

  • ✅ Review what went wrong

  • ✅ Learn from the day

  • ✅ Wait for automatic reset

✅ 5. Review Protection Events

After any protection trigger:

  • What caused the limit to hit?

  • Was it bad luck or bad strategy?

  • Need to adjust settings?

  • What can be improved?

✅ 6. Adjust Limits as Account Grows

Example:

Starting: $10,000 → DailyLossLimit = 200 (2%)
After 1 year: $15,000 → DailyLossLimit = 300 (2%)
After 2 years: $25,000 → DailyLossLimit = 500 (2%)

Keep percentage constant, update dollar amounts.

🚀 Quick Start Guide

Step 1: Enable Basic Protection

EnableDailyLossLimit = true
DailyLossLimit = 2% of your account
DailyLossLimitAction = CLOSE_ALL

Step 2: Enable Profit Protection

EnableProfitProtection = true
ProfitProtectionLevel1 = 2% of account
ProfitProtectionLevel2 = 5% of account
ProfitProtectionLevel3 = 10% of account

Step 3: Set Actions

ProfitProtectionAction1 = ALERT_ONLY
ProfitProtectionAction2 = CLOSE_PROFIT
ProfitProtectionAction3 = CLOSE_ALL

Step 4: Test in Demo First

  • Run for 2 weeks

  • Verify limits trigger correctly

  • Check Telegram alerts work

  • Observe behavior

Step 5: Move to Live

  • Start with conservative limits

  • Gradually adjust based on results

  • Never disable protection!

📞 FAQ

Q: When does daily loss/profit counter reset? A: At 00:00 broker server time (midnight).

Q: Can I manually reset counters during the day? A: Yes by restarting EA, but NOT RECOMMENDED. Let it reset naturally.

Q: What if I hit loss limit in first hour? A: EA stops for the day. Review trades, learn, try again tomorrow.

Q: Can I trade manually after EA protection stops me? A: Technically yes, but defeats the purpose. Don't do it!

Q: Loss limit includes swap/commission? A: Yes, calculated on net P/L including all costs.

Q: What if profit protection triggers but I have losing trades open? A: Depends on Action setting. CLOSE_PROFIT keeps losers, CLOSE_ALL closes everything.

Q: Can I have different limits on different days? A: Not automatically. Use same limits consistently.

Q: Should limits be tighter on Fridays? A: Optional. Some traders use 50% of normal limits before weekends.

🎯 Protection Philosophy

Why Protection Matters:

Without Protection:

Week 1: +$500
Week 2: +$600
Week 3: +$450
Week 4: -$2,500 ← One bad day wipes out everything!
Net: -$950

With Protection (2% daily loss limit):

Week 1: +$500
Week 2: +$600
Week 3: +$450
Week 4: -$200 ← Stopped early!
Net: +$1,350

The Difference: Protection turns winning month into $1,350 profit instead of -$950 loss!

Professional Mindset:

Remember:

  • You can't win every day

  • One bad day is okay

  • Protecting capital > making profits

  • Consistency beats home runs

  • Live to trade another day

The #1 Rule: "Don't lose more than you can afford to lose in a single day."

Remember: Account protection is what separates professional traders from gamblers. Use these tools religiously! 🛡️💰

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