Hey there, fellow traders! Are you looking to keep tabs on your withdrawals while using an Expert Advisor (EA) on MetaTrader 4? You’ve landed in the right place! This handy piece of code allows you to monitor your account withdrawals effortlessly. It’s especially useful if you’re running your EAs on a virtual private server (VPS) to maintain consistent parameters without having to reset your settings every time you switch time frames or templates.
Now, let’s talk about lot sizes. Many traders set their lot sizes to increase during a losing streak, hoping to recover losses without ever decreasing them. This can lead to some risky situations!
Here’s the kicker: while EAs are designed to ramp up lot sizes to recover losses, they often don’t adjust them downwards after a withdrawal. The reason? They can’t tell the difference between a withdrawal and a loss.
If you're facing a loss, the EA will stick to the last known lot size, holding onto the hope of bouncing back. However, when you make a withdrawal, the EA needs to recalibrate its lot size to align with your new balance.
This is where our code comes in. Not only does it help you track withdrawals, but it can also be tweaked to adjust the lot size accordingly based on your account balance. So, let’s dive into how you can implement this!
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