Alan Solarsh explains an equity protector tool that automatically closes all forex trades when your account drawdown hits a set percentage. He recommends setting it at 65% drawdown, which locks in a 65% loss but preserves 35% of your capital.
65%
35%
Closes all trades
Right. So the equity protector is there to protect your capital in case your hedge doesn't kick in. Now, the only reason why your hedge wouldn't kick in is because if you've used high risk settings and the robot can't open a hedge because you don't have enough equity in your account. So protect. So, so, to protect your account, we've developed what is called the equity protector that will then close out all your trades at X percentage drawdown, protect X percentage of your capital. Okay, so where it says here, close all trades when drawdown equals X percentage, I like to keep mine at 65%. And that means that when my drawdown is 65%, what will happen is the equity protector will kick in, and I will lose 65% of my capital, and I will protect 35% of my capital so that I can carry.
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