The Equity Protection EA Setup | The Best Forex EA Bot

Alan Sola here, the passive income guru in this video tutorial explains to you how to set up your equity protector EA once your bot is running.

Right? So the first thing you need to do is, is that you need to log into your vpn, so please pause the video, go log into your VPN now. Once done, you can come back to this video and resume the video. Now, if you've already set up your bot and your bot is already trading, you'll obviously have charts. So what you need to do is you need to click on the first chart and then you need to click on tools. So please pause the video, go and do those two steps. Once done, you can come back to this video and resume the video. The next step is you need to click on Options. Then you need to click on Expert Advisors. So please pause the video, go and do those two steps. Now, once done, you can come back to this video and resume the video. Then you need to click on Allow DLL Imports and then click on ok. So please pause the video, go and do that those two steps. Now, once done, you can come back to this video and resume the video. Now what we're going to do is we're going to repeat the step on your other charts. So just highlight the chart and then you can click on Tools and then options. So please pause the video, go and do those two steps. Now, once done, you can come back to this video and resume the video. As you can see, the DLL imports is ticked. So you can just click on ok and then you can do that on the on your other charts, tools, options. So please pause the video, go and do that step. Now, once done, you can come back to this video and resume the video. As you can see, the DLL options is ticked on all three charts and you're set up to now install the equity ea, right? So what you need to do is you need to choose a chart to install the equity EA on and each each of your currencies that you trading is going to have a chart for each of the currencies that you're trading. So you need to choose a chart for the equity EA that you're not trading on. So you cannot choose eurusd, EJ or gj. So you need to choose a chart that doesn't correspond with what you're trading. So I'm going to choose in my case, US$CHF. So go and choose a chart now and one that doesn't correspond to any of the currencies that you're trading. And then you can Just click once on the chart and then right click and then say chart window. 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 that you need what you need to do is that you need to change the time frame to D1. So please pause the video, go and change the time frame to D1. Once done, you can come back to this video and resume the video. Now that you've done that, you can double click on the Equity Protector and then you can click on Commons. So please pause the video, go and do those two steps. Now, once done, you can come back to this video and resume the video. The next thing you do is you click on Allow Modifications and then click on Input. So please pause the video, go and do those two steps. Now, once done, you can come back to this video and resume the video. Now, if your equity EA is not showing all the function functionalities available, what you can do is that you can just hover your mouse over the blue line until you have a diagonal line with two arrows. You can then click on your mouse, left click, mouse down, and then drag the EA down that blue bar down so that you can see all the functions that are available. So please pause the video, go and do that step. Now, once done, you can come back to this video and resume the video. Over here. This is the setting for your drawdown. So I've set it as a default at 40% because I believe that's a fair give. The give the EA an opportunity. But if you're not comfortable with 40% drawdown, you can set it to what you want. So please pause the video, go and set that percentage drawdown according to your money rules. Once done, you can come back to this video and resume the video. The next step is to double click in this field over here and you need to enter in CAPS in capital letters, the currency that you're going to be adding this Expert Advisor to. So we're adding it to eurusd. So I'm going to put EUR USD.

Which corresponds to this chart over here. Then I'm going to click on the time frame that I am trading on eurusd, which is four hours. So please pause the video, go and do those two steps. Now, once done, you can come back to this video and resume the video. Leave everything else on. So I'll do another video on what these, what these other options are, but what we want to happen, what I want to happen on my, on my EURUSD. If the 40% is reached. What the equity protector is going to do is it's going to close all my open trades, it's going to close any pending orders that I have, it's going to remove the EA off the EUR US dollar chart and it's going to send me an email and it's going to send me a notification to my mobile phone, of which I'm going to go through these two steps in another video to explain to you how to set that up so that you can either get an email or you can get push notifications to your phone when the parameters have been triggered that you have set for yourself. So the last thing that you need to do is you need 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 and resume the video. So as you can see here, the drawdown, I've set it to 40% and you must see the white writing on, on your chart. Okay, now this, this chart here affects only € USD. So now what we're going to do is we're going to do, we're going to repeat those steps for EJ and gj. So you can either rewind this video or you can carry on watching this video.

I'm going to carry on and show you how I do. So firstly what you need to do is that you need to highlight the chart. Then what you do is that you, you right click on €us on USDCHF and you say chart window. 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 you need to Change this to D1 and then you can double click on the Expert Advisor. So please pause the video and go and do those two steps. Now once done you can come back to this video and resume the video. Now if this is in the way, you can just highlight on the blue bar and move it over to the right so that you can see your chart windows.

Double click in the chart symbol and put in there the currency that you want to attach the EA to or you want the EA to affect. So I want the EA to affect EJ so in caps, capital letters E, U R J P Y and I'm going to then double click here, drop down the menu and I'm going to click on the time frame which is H4. So please pause the video, go and do those two steps. Now once done you can come back to this video and resume the video. The next Thing that you need to do is you need to click on the OK button and then just double check that you see your equity percentage over there. If it's, if it's not correct, then what I recommend is that you can just close down the chart and redo those steps as you. As you remember, I've set my default up to 40%, so yours would be set up to 40% as well. So if you're not happy with that, you can then change your your drawdown percentage as. As you like. So each chart needs to have exactly the same percentage. Okay. If one percentage I'm talking about your drawdown percentage is 30% and this one is 40%. Your EA will trigger at 30% and will remove the EA the forex ninja Bot of all the charts. So let me repeat that. If you have set your charts up with different percentages. So you've set this chart up, you us to affect this chart with a drawdown of 30% and you've set this chart up to affect this chart with a drawdown of 40%. When your drawdown reaches 30%, the this. The the equity Protector will trigger and will remove the Forex Ninja Bot of all of your charts. Not only that, but the Equity Protector will also close out all trades that are open according to the chart that you set up at 30%. Okay? So I hope that's clear. If you didn't understand that, just rewind the video and go through those steps again. Right, so now I'm going to set up my last chart so which is gbpjpy. So I'm going to right click on the chart that I've chosen to set up the equity protector on. And I'm going to choose chart window. So please pause the video, go and do those two steps. Now once done, you can come back to the second video and resume the video. The next step is I'm going to click on the day to change this to a day chart and then I'm going to double click on the equity protector. So please pause the video, go and do those two steps now once done and come back to this video and resume the video. Remember to change your equity percentage, your drawdown percentage that according to your money rules. So mine I'm leaving on 40% and then in chart window I'm going to put there ink caps, gbp, jpy and then going to drop this menu down and I'm going to choose H4. So please go and do those three steps. Now once done you can come back to this video and resume the Video. The last step is to click on the OK button. And as you can see now that I've got the white writing is on my chart, the last step is to click on these four window icon to adjust your screen so that you can see that all of your charts are done correctly. So what needs, what you need to be checking is, you need to be checking that your chart is on a day chart. Your chart, all your charts on a day chart. You have a smiley face in all your windows. Okay. And all your drawdown is according to your money rules. Mine is I'm prepared to accept a 40% loss, giving me a chance for the EA to actually make as much money. I'm talking about the Forex Ninja Bot. It's allowing the Forex Ninja Bot to, you know, open quite a few trades and for me to maximize on the amount of profit you know, that I can get out of those trades. So now you've set up your bot according to your money rules. Well done. You know, the first rule in Forex is to protect your equity, protect capital at all costs. So make sure that you have done your money rules correctly and you're comfortable with the loss so that when there is volatility in the market, your capital is protected. And you know, you know if you, if you, if you set it at 60% or 70%, which I don't recommend, then it's very difficult to claw your way back if you've lost 70% of your capital. So rather be more conservative than rambunctious and you know, set it up according to correct money rule strategies. So I hope that you're comfortable now and enjoy the new equity protector tool. 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, 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 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 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 icon. 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 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 with 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 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 0.5 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.