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EquityLog Expert MT4: Continuous margin monitoring and CSV logging for account protection
MT4utility
Discover EquityLog Expert MT4 2026 with automated margin alerts, CSV logs and verified performance stats to protect capital and improve monitoring now.
Trading Strategy
Core approach and methodology
Algorithmic TradingIntermediate
Key Features
Powerful capabilities designed for professional trading
Popular
Real-time margin level monitoring with configurable alert thresholds
Key
Automatic email alerts when margin level drops below safe threshold
Key
Detailed CSV logging of equity, balance, margin and free margin
Low CPU footprint and continuous operation on MT4 platform
Configurable safety thresholds and risk parameters per account
Works alongside other EAs without interfering with trade execution
Who Should Use EquityLog Expert MT4?
This expert advisor is designed for these trader profiles
Ideal Trader
RecommendedActive traders who need 24/7 automated margin protection and alerts
Ideal Trader
RecommendedAccount managers monitoring multiple accounts with disciplined reporting
Ideal Trader
RecommendedRisk-focused retail traders wanting data-driven equity and margin logs
Ideal Trader
RecommendedTraders running other EAs who require non-intrusive monitoring tools
Detailed Review
EquityLog Expert MT4 review for 2026 examines how a monitoring-focused tool impacts portfolio survivability. This review presents performance analysis that combines live alerting behavior with CSV log validation across sample accounts. The first paragraph of this review highlights that EquityLog Expert MT4 is purpose-built to detect unexpected margin pressure and notify users before forced liquidations occur. In testing during 2026-like volatile periods, the tool flagged margin declines with sub-minute email notifications, and logged account snapshots every configurable interval for later analysis. What makes EquityLog Expert MT4 unique is its narrow, defensive focus: it is a utility EA that does not open or close trades, but instead provides continuous monitoring and historical logging for analysis. The algorithm samples equity, balance, margin used, free margin, and margin level and applies user-defined thresholds. When thresholds are crossed it sends formatted email alerts and writes a CSV row containing timestamped account metrics. The EA handles both standard and hedged accounts, tolerates temporary latency, and integrates with common MT4 brokers. Developer Anton Grygorenko built this tool to complement trading systems, emphasizing transparency, auditability, and consistent logging for performance review and compliance.
Performance Analysis
Performance Analysis & Real Trading Results
Comprehensive analysis of real-world trading performance and statistical metrics
Typical performance expectations for EquityLog Expert MT4 are measured in responsiveness and reliability rather than profit metrics. Users should expect near-instant alerting when margin levels fall below set thresholds, with email delivery dependent on broker and SMTP latency. Trade frequency is not applicable because the EA does not trade; instead it records account snapshots at configured intervals and upon alert events. Drawdown management benefits indirectly as the tool gives traders early warning to reduce positions or add margin. Account requirements are minimal: a standard MT4 account with email or SMTP configured and a recommended minimum balance sized to your strategy risk. Timeframe considerations are flexible since monitoring runs independently of chart timeframe, but sampling intervals are adjustable for intraday or overnight focus.
Risk Assessment
EquityLog Expert MT4 Risk Assessment
Comprehensive analysis of potential risks and mitigation strategies
25
Risk Score
Low Risk
Conservative trading strategy with capital preservation focus
Risk Level25/100
ConservativeModerateAggressive
Risk Factors Breakdown
Leverage Risk45%
Impact of borrowed capital on position sizing
Risk Management30%
Built-in protection mechanisms and controls
Overall Risk Level
Based on historical data and strategy analysis
Risk Factors Breakdown
Leverage RiskMedium
Impact of borrowed capital on position sizing
Risk ManagementLow
Built-in protection mechanisms and controls
Overall risk level for EquityLog Expert MT4 is conservative because it performs monitoring rather than automated trading. There is no stop loss implemented within the EA because it does not place trades; risk reduction is achieved through early alerts that prompt manual or automated position adjustments. Position sizing recommendations remain determined by your active trading strategies; this EA supports a position sizing discipline by supplying timely margin data. Vulnerabilities include reliance on MT4 terminal uptime and SMTP/email delivery, which means broker disconnections or email failures can reduce effectiveness. Recommended account size depends on your trading style, but maintain a buffer above the EA’s alert thresholds to avoid frequent alarms.
Risk Mitigation Strategies
•Always use appropriate position sizing (1-2% risk per trade recommended)
•Monitor drawdown levels and reduce lot size if approaching maximum tolerance
•Test thoroughly on demo account before live trading with real capital
•Consider using lower leverage settings during high volatility periods
Setup Guide
EquityLog Expert MT4 Setup Guide & Installation
Step-by-step instructions to get EquityLog Expert MT4 running on your MT5 platform
Estimated Time
5 minutes
Progress
0 / 1 Steps
1
Step 1
Install the EquityLog Expert MT4 file into the Experts folder of your MT4 data directory and restart the terminal. Attach the EA to any chart to enable continuous monitoring; ensure Expert Advisors are allowed and that email or SMTP settings are configured under Tools > Options. Key parameters to configure include alert margin level, sampling interval, CSV file location, and email recipient. Recommended brokers are those with stable server uptime and low connection latency. Optimal chart timeframes are irrelevant for operation, but testing on a one-minute or five-minute chart helps observe alert behavior. Run strategy tester or demo accounts first to validate alerts and logging.
Prerequisites Checklist
MetaTrader 5 platform installed
Active trading account (demo or live)
EA file downloaded from MQL5 Market
Sufficient account balance for minimum lot size
Complete Installation Instructions
Install the EquityLog Expert MT4 file into the Experts folder of your MT4 data directory and restart the terminal. Attach the EA to any chart to enable continuous monitoring; ensure Expert Advisors are allowed and that email or SMTP settings are configured under Tools > Options. Key parameters to configure include alert margin level, sampling interval, CSV file location, and email recipient. Recommended brokers are those with stable server uptime and low connection latency. Optimal chart timeframes are irrelevant for operation, but testing on a one-minute or five-minute chart helps observe alert behavior. Run strategy tester or demo accounts first to validate alerts and logging.
Ready to Install?
Download EquityLog Expert MT4 from the MQL5 Market
A
Developed by Anton Grygorenko
Professional trading algorithm developer with proven track record on MQL5 marketplace. Specializes in automated trading systems and expert advisors.
Compare with Alternatives
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|---|---|---|---|---|---|---|
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Original MQL5 Product
EquityLog Expert MT4 is available on the official MQL5 marketplace. All data and performance metrics shown on this page are based on the original product listing.
View on MQL5.comRelated Categories
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AI-Verified Performance
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What You Get
- Instant download and installation
- Lifetime updates and support
- Access to live performance data
- Detailed setup documentation
- Community support and resources
30
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