I am the author and I am here. Let me know if you have questions or need help.

Also feature and improvement ideas are welcome.

I plan to make short youtube video user guide in coming days.

Trade Safe!

Added video to describe and demostrate the EA. Bit long you can use following timestamps to skip intro.

11:27 Setup

28:35 Demonstration

Sure. Seems like font size on your chart is 20 instead of 10 what it is supposed to be. I could replicate exactly the same look by changing the font size in the PropAngel code to 20.

I use "Courier New" font size 10 

It should be standard Windows included font. 

Could you double check the Windows font buy typing "Font Settings" to Windows search bar next to the start menu. Then search "Courier New" and see that size 10 looks right size there ?  

Any Accessibility settings enabled which could increase font sizes ? Are you running on native Windows OS ? I am very interested to figure out why on your setup font size is not shown right but is basically 2x the size. And fix or find a way around the issue.

I found out that this happens on some setups with MT5 chart applications. Found records on this phenomena happening extremely high res monitors and also on Parallels (Win on MAC) setups. Could not quickly figure out how to programmatically find current screen DPI and if that would blow up font sizes. Also would need to have such setups to test the automated font size selection. 

So I made font size now user configurable for the time being. 

Please download the new version 1.5 and it will have input parameter for the font size. Try 5 instead of 10 on your setup as font seems to show double size for you. Hope it fixes the issue!

Should look like:

Hi I am missing a very important function (maybe you can extend this):

For example, if you have already reached 75% of your daily target, then it makes perfect sense to set your Draw Down limit to break even (or more), so that you don't give back your previous gains with a daily "news" draw down.

for Example your daily target it 1000 USD. You euqity reached 750 USD. Now is the time to set automatically the max. draw down value to 0% or +0.5%.

Can you add this function?

Regards Chris

Is the caculation of the draw down correct? See the picture below.

You show 0.37% DD but Balance value 68038.10 minus Equity value 68016.67 is not 0.37% ?

How do you calculate the DD view? Do you use instead of balance - equity the watermark value?

For DD I indeed use and show the current equity DD vs the high watermark (start balance or equity of the day depending on settings). So its not showing current balance vs. equity

So in above case its DD from Watermark value of 68271.32 to current equity of 68016.67 which is matching 0.37% DD for the current day 

I think I am adding something very similar. I have been missing similar feature and I actually have tested version with daily profit target setting as well.

But I could add daily profit target and daily profit trailing stop feature. Parameters could be something like

- DailyProfitTarget

  - Close all trades and EAs when that is reached

- Like current profit target but resets every day and enables EAs automatically next day

- DailyTrailingProfitTarget

- Settings:

- Activation % or price

- Trail % or price

- Also resets every day and enables EAs automatically next day

I think in your example case latter might be useful by setting  activation price to 750 USD and trail price to 750. Then from 750 you could drop to 0 before all is closed or because of trailing feature or e.g. from 950 you could drop to 200. 

Then more aggressive trailing stop could be used E.g. activation at 750 but trail price only 250. So when at 750 you should get at least 500 from that day.

Would above be OK also for your use case ? Might take week or two to get those done and tested (I want to see all conditions hit in demo account before releasing)

Yes this would be very helpful. Thanks for further developement. BTW last Friday you EA solved my account during DD, very nice.

Regards Chris

Great to hear that accounts get saved!

Now there is version 2.0 available with daily profit target and trailing stop features. Trailing stop has been working nice for me now couple of times locking in some profits in days where markets completely turned around I would have otherwise lost all profits. So it is useful at least in some scenarios.

Both features stop for the day and automatically resume trading next day 

Hi Mika, 

Very Nice EA, Clear interface, let me easy know what is my DD level, but I have different Accounts and therefore, different terminals, Once EA install on 1 terminal, I cannot install it on the others one, even if I go to MarketPlace of MQL5, MQL just tell me  "OPEN", If i then Open, it automatically close ... 

Do you know why ?

Thank You and Regards

Eric

Hi Mika,

Got another resquest for you, forget my above question, i solve it with MQL5 Support

Coud you add another drawdown line under the DD%, but a DD line in Value based on equity ? (both based on the Actual and Parametered from Above?) like: Drawdown$ : Actual$ (Limit$) ?

Thank you and best regards

Eric   

BTW, what do i do when i get the Unkown Status, instead of turn ON/OFF, while iwould like to rstart now ?

?

Eric

Hello Eric,

That is likely the bug I introduced in 2.0 version. Restarting after DD close ended up in that state. Version 2.1 should fix that.

Same happened to me but unfortunately after already publishing 2.0. Would need to test new version bit longer... 

Download 2.1 and restart. That should work. Sorry for inconvenience.

Mika

Hello,

If issue was that some market was closed preventing the closure and PropAngel giving up I fixed at now in the new 2.2. version. 

Logs you had could have been caused by that.

Also make sure that Algo Trading is enabled as that could also be visible as such error.