Setup The Equity Protection EA | The Best Forex EA Bot

Alan Solosh here, the passive income guru in this video tutorial explains to you how to set up your equity protector to protect your capital.

Right? So the equity protector has been created to protect your capital. Because the first rule in Forex is to protect capital at all costs. Now it doesn't mean that you can going to lose your money at any stage. It just it's there like a seatbelt in a vehicle. You wear that seatbelt in case there is an accident on the road. So to avoid us having an accident in forex, we need to protect our capital.

It's like an insurance policy.

So I'm now going to show you how to set up your equity protector. So the first thing that you need to do is you need to log into your vpn. So please pause the video go and log into your vpn. Now once done you can come back.

To this video and resume the video.

Video. The next step that you need to do is you need to click on Tools and then click on Options. So please pause the video, go and do those steps. Now once done you can come back.

To this video and resume the video.

The next step is to click on Expert Advisors and make sure that allow DLL imports is checked. So please pause the video go and do that step. Now once done you can come back.

To this video and resume the video.

The next thing is to click ok. So please pause the video go and click ok. Now once done you can.

Come back to this video and and resume the video.

Now we need to set up a chart for each currency that we are trading. So we for in my instance I need three additional charts with the equity protector on it. And each of those charts are going to be protecting or rather looking at each one of my currencies. So you need to choose a currency for the equity to protector to be on and and that currency cannot be any of the pairs that you are trading. So in my case I'm going to choose Audcad as I'm not trading AUD cad. So choose a currency. Now that is not a pair that you are trading. So go and do that step now. So once you've chosen your pair, you can then right click on the pair and then click on chart window. So please pause the video, go and do that step. Now once done you can come back.

To this video and resume.

Now what you can do is that you can just align your.

Chart.

So that you can see what you can see your tabs at the bottom here. So please pause the video go and do that step. Now once done you can come back.

To this video and resume the video.

The next step is to click on D1. Make sure that your chart does say daily on it. So please pause the video go and do that step now. Once done, you can come back to.

This video and resume the video.

The next step is to double click on the Equity Protector. So please pause the video go and do that step now. Once done, you can come back to.

This video and resume the video.

Make sure that Enable Alerts is on, allow Live trading is on, Allow DLL Imports is on, and allow imports of external experts is on and allow modifications of settings is on. So make sure that everything is on. So please pause the video go and do that step now. Once done, you can come back to.

The video and resume the video.

Right? So what you need to do is this is the percentage that you're allowing the EA to.

Use out of your capital. So when your, your drawdown gets to 50%.

The EA will do various different things. So I've left everything on standard settings. I suggest you do the same until you become a more experienced trader. So what's, what, what's going to happen is, is that when 50% of my capital is used up in trades, the, the, the Equity Protector is going to close all open trades. It's going to remove the Forex Ninja Bot off the chart. And.

That'S what I wanted to do. So I want, I want the EA to, I want the Equity Protector to remove the Ninja Bot from the chart and I want all my trades to close out so that 50% of my equity is protected. You can set this to whatever you want. I highly recommend that you leave the settings on standard settings. So leave it at 50%. The next thing is in the, in the chart symbol you need to put in there the first currency that you trade in. So in my case, I'm trading eurjpy. So I'm going to put the eurjpy in caps. It must be in capsule. So please pause the video go and fill in this section over here according to your first currency. And then what you do is that you double click on currency, drop the menu down and hit H4. So please pause the video go and do those steps now. Once done, you can come back to.

This video and resume the video.

The next step is to click on the OK button and what will happen is that you'll notice that there is a smiley face in the right hand corner and, and there is white writing now on your chart. So what has happened now is that this chart aud cad. The daily chart is now protecting EUR JPY on an H4. And here you can see my settings. Let's see if I can zoom in here and try and show you exactly what we've done. So the drawdown.

I've set the Equity Protector up to close out the charts. When my drawdown is 50%, I've told the Equity Protector to remove the Forex Ninja bot off the EUR JPY chart. And the chart is on an H4 chart, so everything is correct. So please make sure that you have set your Equity Protector up correctly. Now what you need to do is that you need to set up another chart, okay, for your other currencies that are trading. So you can either stop the video now and repeat the steps that I've just gone through, okay. Or you can carry on with this video because I'm going to follow those exact steps. So I'm going to. What I'm going to do is I'm going to right click on the currency and I'm going to click on chart window. I'm going to drag the chart window down so I can see what's happening. So please pause the video, go and do those steps now. Once done, you can come back to.

This video and resume the video.

The next step is, what you need to do is you need to change the time frame on this chart to daily. So please pause the video, Go and do that step now. Once done, you can come back to.

This video and resume the video.

So we've now done ej so now we're going to do gj. Okay, so I'm going to double click on the EA and I'm going to change my settings over here. So if you can't see your tabs, you can just click on the blue area of this window. Left mouse click down and drag this window to an area on your screen where you can see your tabs so you can pause the video. Go and do that step now. Once done, you can come back to.

This video and resume the video.

The next step is I'm going to put in the currency that I'm trading, which is GBP jpy. Doing this chart over here and I'm going to then double click drop down the menu and click on the four hour chart and then click on the OK button. So please pause the video, Go do those steps now. Once done, you can come back to.

This video and resume the video.

It takes a couple of seconds for the information to be displayed on the chart. And as you can see, please make sure that it is correct that you do have a smiley face, that it does say EA remove EA on on the GBP JPY or the currency that you've set it up and that it is on an H4. Okay, the next step is we're going to set up the next chart. So what we're going to do is I'm going to right click on the next chart on AUD cad, gonna click on chart window, gonna drag it down. Okay, And I'm gonna click on daily. So please pause the video, go and do those three steps. Now once done, you can come back.

To this video and resume the video.

The next step is to click on the equity protector and we're going to be doing the last currency. In my case it's EUR aud and I'm going to put in there EUR.

Aud.

I'm going to drop the menu down and click on the H4 and I'm going to click on the OK button. So please pause the video, go and do those steps. Now, once done, you can come back to this video.

Right now you've set up your chart. If you're trading four pairs, then obviously you need a fourth chart to control your fourth currency that you're trading. I'm only trading three currencies, so I only need three charts controlling those three currencies. So if you would like to.

Align your charts, all you need to do is to Click on this 4squared icon in the top of the screen and all your charts will now be arranged and aligned. Okay, you've now set up your equity protector. Your capital is now going to be protected and.

Enjoy the passive income that you're going to be earning before you go. If you'd like to earn a little bit of bitcoin, I give away 0.005 of a Bitcoin every single Friday to a random subscriber. If you'd like to earn that, there's a couple of things that you need to do. You need to subscribe to my YouTube channel. And how you do that, you just mouse over the video that you're watching and in the bottom right hand corner of the video is a YouTube icon. Click that icon now. So please pause the video, go and do that step. Now once done, you can come back.

To this video and resume the video.

Now, if you're not already logged into your Gmail account, then you'd need to log into your Gmail account. Now, below the video that you're watching on YouTube there is a subscribe button. So what you do is you click on that subscribe button and then next to the subscribe button is a bell icon. You can click on the bell I please pause the video, go and do those steps. Now, once done, you can come back.

To this video and resume the video.

The next thing that you do is you need to give a thumbs up. And then in the comments section, which is over here, you can leave a positive comment together with your bitcoin wallet address. Now, you have to follow the steps exactly to be able to get that prize. So you need to subscribe, you need to hit the bell icon, you need to give a thumbs up and subscribe, and you need to leave a positive comment with your bitcoin wallet address. Only then are you entered into the competition and are legible to win a prize if chosen. So if you want to win 0.005 of a bitcoin, I highly recommend that you follow those steps and then you'll be eligible to win that prize. So good luck and I hope you win that prize. And if you do, remember to invest it in a passive income stream and.

I'll see you on the next video.

Before you go, if you'd like to earn a little bit of bitcoin, I give away 0.005 of a Bitcoin every single Friday to a random subscriber. If you'd like to earn that, there's a couple of things that you need to do. You need to subscribe to my YouTube channel. And how you do that is you just mouse over the video that you're watching and in the bottom right hand corner of the video is a YouTube icon. Click that icon now. So please.