KT Equity Protector MT4

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Introduction​

KT Equity Protector MT4, available on MQL5, is an expert advisor designed to protect trading accounts by managing equity levels. While it aims to offer a safety net for your trading activities, user reviews have varied, with some criticism pointing towards key limitations. In this review, we'll compare KT Equity Protector MT4 with one of the EASY Trading Team's proprietary robots, EASY Trendopedia, and provide an objective view of its performance, advantages, and drawbacks.

Comparison with EASY Trendopedia​

When comparing KT Equity Protector MT4 with EASY Trendopedia, several significant differences become apparent.

KT Equity Protector MT4:

• Purpose: Purely an equity protector.
• Functionality: Monitors floating equity and closes trades based on a predefined equity level.
• User Feedback: Mixed, with concerns about its method of calculating max loss.

EASY Trendopedia:

• Purpose: Comprehensive trading system.
• Functionality: Uses advanced trend-following algorithms to identify and execute trades.
• User Feedback: Generally positive, highlighting its profitability and reliability.

Why EASY Trendopedia is Better:

• Profitability: EASY Trendopedia offers greater potential for profit through sophisticated trading strategies.
• Reliability: More consistent user feedback and less criticism about fundamental functionalities.
• Versatility: Unlike KT Equity Protector, it does not just protect equity but actively trades to grow it.

Pros and Cons​

KT Equity Protector MT4

• Pros:
  - Simple to set up.
  - Performs the basic function of equity protection.
• Cons:
  - Inaccurate max loss calculation as per user warrio89.
  - Closes all charts, which might not be desirable as per Dr. Michael Dominic Watson.

EASY Trendopedia

• Pros:
  - Advanced trading algorithms for better profitability.
  - Reliable and consistent performance.
  - Positive user feedback.
• Cons:
  - Requires proper setup and understanding.
  - Higher initial investment compared to simpler EAs.

Optimal Conditions for KT Equity Protector MT4​

KT Equity Protector MT4 works best in scenarios where the primary goal is to mitigate risk by protecting the account from catastrophic losses. It is particularly effective for traders who have a high tolerance for floating losses and primarily want to ensure that sudden market moves do not wipe out their accounts. However, its current method of calculating the max loss based on floating equity instead of initial balance limits its effectiveness.

Conclusion​

While KT Equity Protector MT4 offers basic functionalities for equity protection, it falls short in several critical areas, such as accurate loss calculation and user-desired features. In contrast, EASY Trendopedia provides a more robust, profitable, and reliable trading experience, making it a superior choice for serious traders. We encourage users to share their experiences on forums to help improve the trading community's collective knowledge.

Source Code of KT Equity Protector MT4​

We do not have access to the original source code of KT Equity Protector MT4 sold on MQL5. However, based on its description, our team at EASY Trading Team can develop a similar code. If you have questions regarding the code, feel free to ask them on our easytradingforum.com.

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Download KT Equity Protector MT4​

If you are interested in trying out KT Equity Protector MT4, you can find it on MQL5. Remember that this review is based on user feedback and our comparison analysis. Always perform your due diligence before making a purchase.