Maximum drawdown

[Pedro Ramada]

Dear All,

I have a question regarding the MAXIMUM DRAWDOWN.

It is possible to give the expert advisor an order not to open any more positions when he reaches a certain drawdown value ?

If so,how?

Thanks for help.

[Sergey Golubev]

• Reversing: Reducing maximum drawdown and testing other markets - the article 
• Close all orders once the drawdown reaches a specific percentage - expert for MetaTrader 4
• search more information/tools on CodeBase/Market/forum - https://www.mql5.com/en/forum/193510

[Ahmad Zuhairdi Noh]

Sure, it is possible and easy too.

Just monitor the OrderProfit(), then created a boolean expression.

If OrderProfit() value is exceed the drawdown limit,

then the boolean expression will turn "false" thus disabling any further trade.

Goodluck.

[[Deleted]]

Pedro Ramada:

Dear All,

I have a question regarding the MAXIMUM DRAWDOWN.

It is possible to give the expert advisor an order not to open any more positions when he reaches a certain drawdown value ?

If so,how?

Thanks for help.

Two important things to calculate your DD are equity and Balance, once you read those two values, you can set your condition if equity is less than calculated value, don't add more positions

[Pedro Ramada]

Thanks for the help Sergey !!!!

Sergey Golubev:

• Reversing: Reducing maximum drawdown and testing other markets - the article 
• Close all orders once the drawdown reaches a specific percentage - expert for MetaTrader 4
• search more information/tools on CodeBase/Market/forum - https://www.mql5.com/en/forum/193510

[Pedro Ramada]

Thanks for the help Ahmad !!!!

Ahmad Zuhairdi Noh:

Sure, it is possible and easy too.

Just monitor the OrderProfit(), then created a boolean expression.

If OrderProfit() value is exceed the drawdown limit,

then the boolean expression will turn "false" thus disabling any further trade.

Goodluck.

[Pedro Ramada]

Mafuta it's sounds easy but do you have the basecode? =) thanks for the help

Mafuta Landou:

Two important things to calculate your DD is equity and Balance, once you read those two values, you can set your condition if equity is less than calculated value, don't add more positions