Market / MetaTrader 4 / Utilitys /

Drawdown Protector MT4

50 USD

Demo heruntergeladen: 1

Veröffentlicht: 9 März 2024

Aktuelle Version: 1.22

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Drawdown Protector MT4

Utilitys
Konstantinos Kalaitzidis
Version: 1.22
Aktivierungen: 20

Drawdown protector is used to manage your desired Max Daily Drawdown. It's a highly valuable tool for traders, especially for prop firm traders, you need to be careful of the drawdown limits. It's an effective EA that is simple to use for Equity Drawdown Management purposes.

It works by blocking new trades - and closing existing trades, when the floating Equity (not Balance) exceeds the Daily Loss limit you've set. Also, you can set a Maximum Loss Limit for a SINGLE trade, which if exceeded, it'll block trading until the next calendar day.

The user inserts the value of the 3 parameters:

Daily Loss Limit in $: Maximum Loss in Nominal Currency (I use "$" just for example purposes). It's the maximum allowed drawdown in nominal value, for the Account Balance. If exceeded, the EA will block trading until next day.
Loss Limit per trade in $: Maximum Loss in Nominal Currency (I use "$" just for example purposes). It's the maximum allowed drawdown in nominal value, for a Single Trade. If exceeded, the EA will block trading until next day. (If you leave this parameter's value at zero (0), it won't be considered by the Expert Advisor)
Daily Profit Limit in $: In case you want to hold yourself from over-trading even when winning, you can set a Daily Profit Limit after which the EA will block trading for the rest of the day. It's observed that some traders are greedy and by looking for more profits, they lose the initial profits too! This parameter comes to help. (If you leave this parameter's value at zero (0), it won't be considered by the Expert Advisor)

Important Notes:

On EVERYTHING that the EA does (block trading, allows trading, cancels new trades etc.) it shows ALERTS on the MT4 terminal - as a pop up window with sound.
It's highly advised to use an MT5 on a VPS (Virtual Private Server) so that the EA runs 24/7 and manages the drawdown effectively! This is how I do it too.
If a loss is registered and trading becomes prohibited for the desired time period, please note that any other pending order/running trade will be automatically closed! Any pending orders will need to be set again when trading becomes enabled again.
If you wish this to be different, please contact me.
Make sure to enable AlgoTrading from the MT5, otherwise it’ll not run properly. (the EA isn’t permitted to open new orders anyway, only to cancel/close orders/trades)
It is advised that you first test it on a demo to see how the tool works.
You only need to activate the EA on one chart, and it'll work across all pairs you trade. Any loss/drawdown is measured globally and not for each pair. (for example, taking a loss on EUR/USD will disable trading for X amount of time you've set)
ANY Expert Advisor does NOT have the capacity to block a USER from placing manual trades. It can only intervene after a trade is placed manually, but that happens instantly (on the next price tick).
This MT4 version is different to the MT5 version of the Drawdown Protector EA I have in my profile.

The "Demo Version" can't work on MT4 backtesting simulation, only in live markets. That's true for most Utility EAs out there.

Feel free to message me for any special enquiry or question about this tool. I'm always open to help. You can check my MQL profile for the full list of tools I provide.

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ADAM EA Special Version for FTMO Our 1st EA created using ChatGPT technology Trade only GOOD and checked PROP FIRMS Default parameters for Challenge $100,000 Tested on EURUSD and GBPUSD only Use 15MIN Time Frame Close all deals and Auto-trading before Weekend at 12:00 GMT+3 Friday For Prop Firms MUST use special Protector https://www.mql5.com/en/market/product/94887 Signal using ADAM https://www.mql5.com/en/signals/2190554 --------------------------------------------------------------

2 700 USD

Unlimited Trade Copier Pro is a tool to copy trade remotely between multiple MT4/MT5 accounts at different computers/locations over internet. This is an ideal solution for signal provider, who want to share his trade with the others globally on his own rules. One provider can copy trades to multiple receivers and one receiver can get trade from multiple providers as well. The provider can even set the subscription expiry for each receiver, so that receiver will not be able to receive the signal

299 USD

Dieses Produkt filtert alle Expert Advisors und manuelle Charts während der Nachrichtenzeit, sodass Sie sich keine Sorgen um plötzliche Preisschwankungen machen müssen, die Ihre manuellen Handels-Setups oder Trades, die von anderen Expert Advisors eingegeben wurden, zerstören könnten. Dieses Produkt wird auch mit einem vollständigen Order-Management-System geliefert, das Ihre offenen Positionen und ausstehenden Aufträge vor der Veröffentlichung von Nachrichten bearbeiten kann. Sobald Sie The New

60 USD

-25% discount ($149 -> $111) Everything for chart Technical Analysis indicator mt4 in one tool Draw your supply demand zone with rectangle and support resistance with trendline and get alerts to mobile phone or email alert - Risk reward indicator Video tutorials, manuals, DEMO download here . Find contacts on my profile . 1. Extended rectangles and trendlines Object will be extended to the right edge of the chart when price will draw new candles on chart. This is rectangle extender or

111 USD

Drawdown Protector is a utility tool used to manage your desired Max Daily Drawdown. In the era of prop firms and challenges, it's highly important to be aware of daily drawdown limits. It's an effective EA that is simple to use for Equity Drawdown Management and prevention of revenge trading. Input parameters: How many Hours to block trading? - Here, you set how many hours you want the EA to block new trades, after the Daily % Drawdown is breached. Value must be >0. Block trading until the n

50 USD

Die "Scalping Scale in" ist ein Dienstprogramm, das für Scalper entwickelt wurde, die eine anfängliche Position in festen Abständen skalieren möchten, ohne sich um die Platzierung von S/L (Stop Loss) und T/P (Take Profit) sorgen zu müssen, denn jede Sekunde zählt beim Scalping. So funktioniert es: Sie setzen Ihre gewünschten Werte im Eingabefeld des Expert Advisors (EA), insbesondere das Risiko-Rendite-Verhältnis, das für die Platzierung des T/P verwendet werden soll, wie breit Sie Ihr S/L haben

40 USD

Revenge Trading Protector ist ein einfaches, aber effektives Werkzeug für Händler, die Opfer von Rachegeschäften werden können. Da ich selbst ein Daytrader bin, verstehe ich den psychologischen Aspekt des Rachehandels und den Wunsch, die Verluste zu decken. Daher habe ich dieses Tool entwickelt (das ich auch selbst verwende), um zu 100 % sicher zu sein, dass ich nach einem Verlust geduldig bleiben und keine irrationalen Handelsentscheidungen treffen kann. Wenn Sie einen Verlust erleiden, ve

45 USD

News Filter Protector is designed to protect your from having open positions/orders on news announcements. In today's world where news can cause unpredictable volatility and extended losses, such a tool is very helpful for your peace of mind since you don't need to check the calendar ever again! Let's go through the Inputs of the EA to get an understanding of how each parameter works: --------------------------------News Settings-------------------------------- Currencies of the News to Filter

45 USD

"Trade Notifications" is a utility tool, aimed to inform you either with mobile notifications or terminal alerts on every opened or closed trade, as well as the $ profit/loss result of each trade. It's a tool I've been using myself for a long time, and I decided to share it for free! Input Parameters: (every input is a true/false type, double click on it to change its value) Notify for Closed Positions PnL : If true, it'll notify you for the $ result of any trade that is closed. This way, y

FREE

Revenge Trading Protector is a simple but effective tool for traders who can fall victim to revenge trading. Being a day-trader myself, I understand the psychological aspect of revenge trading and the desire to cover the losses. So, I developed this tool (that I use myself too) to be 100% sure I’m able to remain patient after a loss and not make irrational trading decisions. When you take a loss, the Revenge Trading Protector EA prevents you from opening another order (either limit order, s

45 USD

The "Candlestick Patterns Trade Panel" is the ultimate tool for traders who trade with Candlestick Patterns and want the process of identifying a pattern and executing a trade, to be quick and effortless . With various but key input options, this tool suits to people who want to automate their candlestick patterns manual trading, or assist them to take trades manually but faster than before, or simply inform them with the patterns they want to see. Let's go through the Trade Panel that appears

45 USD

Anti Grid Position Protector is a utility tool designed to protect you from the temptation of adding to a losing position in a hope of a drawdown recovery, or trying to hedge when you're not intended too. --------------------------Inputs--------------------------- Allow Hedging on Losing Positions? - It's a true/false input (double click to switch its value) which allows/disallows opening a trade (either pending order or market execution) in the opposite direction on an existing losing position

40 USD

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