Enforcer

Enforcer is a trade rule enforcer for manual traders. It automatically sets TP and SL values for each order on the same symbol EA is attached to.

It allows trader to modify SL to a better value, but will restore SL to the preset value if it is larger. If - for any reason - the trade has bigger drawdown than the preset SL would allow, trade is closed.

TP is allowed to be modified freely, EA just sets an initial value.

EA also monitors trade volumes and will force close any trades that are bigger than the calculated trade volume (set by maximal risk input).

EA allows traders to open up to 1 position in both directions simultaneously. If more trades are opened in either direction EA will close them in last to first order.

Any action EA takes is logged into the expert log.

Inputs:

• SL: the maximal (and initial) stop level allowed for each trade, in full points
• TP: the initial take profit level in full points
• MaxRiskPercent: the allowed maximal risk per trade in percentages (EA calculates risk with preset initial SL value and if a trade is existing with larger lot size, it will be closed). EA prints maximal allowed lot size on the chart. EA might need to access multiple currency rates to calculate risk properly (e.g. trading GBPUSD on an EUR based account needs EURUSD or EURGBP price also)