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Drawdown Limiter User Guide

22 March 2023, 07:41

6 071

📘 Drawdown Limiter — Detailed User Guide Available

A detailed user guide for Drawdown Limiter is now available.

The guide covers the main features, configuration options, and how to properly set up and use Drawdown Limiter to protect your trading account.

Full User Guide:
https://tradet.net/products/drawdown-limiter

You can also find tutorials, demonstrations, and additional Drawdown Limiter content on our YouTube channel:

Trade't YouTube Channel:
https://youtube.com/@tradetdotnet

We highly recommend reviewing the guide before using the EA to make sure the protection rules are configured according to your trading and risk-management requirements.

Trade't Team
tradet.net

#Risk Management, Drawdown, ftmo, prop firms, Prop Firm, Overtrading, My Forex Fund

adrian-2022 2023.11.30 16:31 #1

What is the difference between "initial deposit" and "Initial account size"?

There is Terminal Action when DD or Max trades reached. One option to select is "Keep the terminal running if positions running". Don't understand, the DD limiter is supposed to close all positions when the limit is exceeded. So how can there be running positions? Shouldn't the terminal just always be closed in order to prevent new trades being opened?

What is the benefit of the "Algo trading" on and off EA as when you close the terminal after limit is hit the algo trading would be switched off anyway and no new trades would be opened.

"Drawdown calculation options" the option selected here does this apply to both total drawdown as well as daily drawdown? FTMO for instance calculates the allowed total drawdown from the initial balance, so with 100K account you can go down to 90k. But the daily drawdown is calculated based on the higher of realized daily P&L and realized P&L + result open positions. There does not appear to be an option that distinguishes between the two. Others such as Infitity Forex Funds and Nova Funding and others calculate the total drawdown based on highest balance.

On your manual page you state that GDD% is calculatd from initial account balance. The you describe how DDD% is calculated and then you illustrate with an example below how GGD% value is calculated but you actually use the mechanism decribed for DDD%. Am confused.

Is the option "from higher equity or balance" does this refer to the highest equity or balance during the range or at the start of the range. Some prop firms use the former, others the latter to calculated allowed daily drawdown.

"Security Zone risk from Daily DrawDown" I do not understand what the percentage set here implies. Say that the daily drawdown allowed is $5000 and I set this to 80%, does it mean that when the open floating loss exceeds $4000 that positions will be closed?

If so, why set this to any other value than 100%?

Please send Algo trade disabler.

What does the option to close other charts if limits are breached achieve? I mean why close other charts? The essence is that all postions are closed and no new ones are opened.

"I configured terminal to close after my drawdown is reached and I can't wait the next 24 hours to access and delete my pending orders, how to access my account? " I don't understand, you can always open the terminal manually again right at any time.

Besides why the remark about "pending orders", I thought the pending orders are removed.

Haidar Lionel Haj Ali 2023.12.01 11:26 #2

adrian-2022 #:

What is the difference between "initial deposit" and "Initial account size"?

What is the benefit of the "Algo trading" on and off EA as when you close the terminal after limit is hit the algo trading would be switched off anyway and no new trades would be opened.

If so, why set this to any other value than 100%?

Please send Algo trade disabler.

What does the option to close other charts if limits are breached achieve? I mean why close other charts? The essence is that all postions are closed and no new ones are opened.

Besides why the remark about "pending orders", I thought the pending orders are removed.

Thanks for the detailed questions, please reach me out if you are a client and purchased the EA so I can provide you with the all the clarifications :)

Thanks

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