Why should I use an Equity Monitor?

An Equity Monitor on Social Trader Tools helps automate your risk management by monitoring your account equity and triggering actions when predefined profit targets or drawdown limits are reached.

Instead of manually watching your account throughout the day, an Equity Monitor can react automatically to changing market conditions, helping you protect profits and reduce risk.

Common use cases include:

• Protecting profits after reaching a target return
• Preventing excessive drawdowns
• Monitoring funded or prop firm account limits
• Automatically stopping trading after a profit or loss threshold
• Managing risk across multiple trading accounts
• Enforcing consistent trading rules without manual intervention

Whether you trade manually, use Expert Advisors (EAs), or run a copy trading setup, Equity Monitors provide an additional layer of automated account protection.