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Drawdown Limiter Advanced

5

Whether you are a trader that use Expert Advisors (EA) or you trade manually, if you decided to obtain a funded account and you are going to start an evaluation phase with a Prop Firm (like FTMO, MyForexFunds, FundedNext and all the other ones available), you will surely need to pay close attention to put a daily drawdown limit.

That seems easy, at least in words, but dealing with the rigid rules of a Proprietary Firm leave no space for mistakes, distractions, emotional blindness or execution delays.

Right for this, the best way to manage your drawdown limit is using a program that is going to monitor your drawdown level automatically at all times and take the right actions to ensure you don't break any rules throughout the whole process of getting funded and then managing a funded account reducing the risk of losing it.

For you, the Drawdown Limiter - Advanced will:

  • Monitor the Daily Drawdown
  • Monitor the Overall Drawdown
  • Close all the positions once your drawdown limit is reached 
  • Delete all the pending orders once your drawdown limit is reached 
  • Advise you by e-mail (if you want to)
  • Prevent the breach of max daily drawdown rule when closing the day with realized profit but floating losses that would overcome the max daily drawdown of the next day.
  • Monitor the Balance / Equity a the start of a new range and the current level of it
  • Monitor the Realized and Unrealized Profits and Losses for the day measured in percentage and account currency

The graphic interface is very easy to understand and it show more than the essential information.

You can decide what to see by clicking the button to show more or show less.

PLEASE, consult the User Guide before relying on the Expert Advisor.


Avis 1
Ehsan
193
Ehsan 2024.05.03 23:07 
 

Very nice and prop firm conform product. Riccardo is extremely supportive and friendly. Can recommend this Tool !!

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Strategy Builder offers an incredible amount of functionality. It combines a trade panel with configurable automation (covert indicators into an EA), real-time statistics (profit & draw down) plus automatic optimization of SL, TP/exit, trading hours, indicator inputs. Multiple indicators can be combined into an single alert/trade signal and can include custom indicators, even if just have ex4 file or purchased from Market. The system is easily configured via a CONFIG button and associated pop-u
Easy Virtual Trader MT5
Anoop Sivasankaran
5 (3)
Latest MT4 Version always updated as MT5 as well. 2022 with more Hidden killer features soon! Setup Easy Virtual Trader > Input your Rules > You are ready to trade from mobile or another EA or anywhere....Let robot manage your Trades !  This powerful EA will help you manage ALL or SPECIFIC trades automatically based on your PRE-SET rules and settings Once it is setup and running on just one chart, you don't need to monitor your orders anymore, the software will keep watching and control your o
The News Filter MT5
Leolouiski Gan
4 (4)
Ce produit filtre tous les conseillers experts et les graphiques manuels pendant les heures de publication des actualités, de sorte que vous n'avez pas à vous soucier des pics de prix soudains qui pourraient détruire vos configurations de trading manuelles ou les transactions entrées par d'autres conseillers experts. Ce produit est également livré avec un système de gestion des ordres complet qui peut gérer vos positions ouvertes et vos ordres en attente avant la publication de toute actualité.
Filtrer:
Ehsan
193
Ehsan 2024.05.03 23:07 
 

Very nice and prop firm conform product. Riccardo is extremely supportive and friendly. Can recommend this Tool !!

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Version 1.5 2023.10.06
Customizable Sizes Upgrade
Version 1.4 2023.09.22
Daily Drawdown Reset Function Update
Version 1.3 2023.09.04
Fully Customizable Colors
Version 1.2 2023.08.30
Update on drawdown reset at specific time
Version 1.1 2023.08.30
Fixed drawdown reset on daily bar start