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Drawdown Manager MT4

30 USD

Demo downloaded: 17

Published: 11 February 2024

Current version: 7.0

Drawdown Manager MT4

Utilities
Biswarup Banerjee
Version: 7.0
Updated: 24 April 2024
Activations: 20

Drawdown Manager MT4 is a robust MetaTrader 4 Expert Advisor designed as an equity protector to manage trades and safeguard your trading account. Tailored for proprietary trading firms, this utility tool enhances your trading experience with advanced risk management features, ensuring your investments are secure. It monitors and controls trading activities without executing trades, focusing on protecting capital and optimizing account performance.

Note: Download and test the Drawdown Manager MT4 demo version on your demo account here.

You can download the MT5 version here: Drawdown Manager MT5

You can download the full MT4 version here: Drawdown Manager MT4

For detailed documentation: Detailed Settings Guide

Features:

General Settings: Configure essential parameters like Magic Number for trade identification, fixed loss amounts, or percentage-based limits to align with your risk strategy.
Swap and Commission: Enable monitoring of swap and commission charges to ensure cost alignment with trading objectives.
Safeguard Settings: Set maximum limits on open trades, long/short positions, pending orders, drawdown percentages, and daily/weekly/monthly trade counts for effective risk control.
Actions Settings: Automate trade closure during drawdowns, adjust chart visibility, control terminal closure, and optionally close only the highest losing trade.
Display Settings: Customize the dashboard appearance with adjustable panel dimensions, text size, and colors for titles, labels, and values for enhanced readability.
Alert Settings: Activate notifications via alerts, system notifications, or email to stay informed about trading activities and risk thresholds.

Note: The Drawdown Manager MT4 is an indispensable utility for traders and proprietary trading firms seeking to protect capital and manage risk. It provides comprehensive trade oversight and customizable safeguards to align with your trading strategy, but it does not guarantee profits.

Important Advice:
This is a professional trade management tool, not a profit-generating system. Ensure proper configuration to match your risk tolerance:

Test thoroughly on a demo account before live use.
Regular updates and optimized configurations are released periodically. Check the MQL5 Blog in the documentation section above for the latest recommendations.

Check all my products: https://www.mql5.com/en/users/biswait50/seller

Contact me for support: https://www.mql5.com/en/users/biswait50

Interested in a free 7-day trial? Feel free to reach out to me via my profile section.

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Enhance your hedging strategy with the Hedge Trade Manager MT5, a sophisticated free utility EA tailored for automating hedge trades to counter adverse moves, rooted in the hedging techniques popularized in the 2010s by forex brokers allowing opposite positions to lock in profits or limit losses during uncertain trends. Highly regarded on MQL5 and trading forums for its flexible configurations and risk safeguards, this tool is favored by scalpers and swing traders in volatile markets like forex

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Multi Indicator Strategy EA MT4 is a sophisticated MetaTrader 4 trading tool designed to automate trade entries and exits using nine technical indicators: ADX, Bollinger Bands, CCI, MACD, Moving Average, RSI, Stochastic, Awesome Oscillator, and RVI. Offering extensive customization with multiple entry/exit strategies and AND/OR/NA combination modes, this EA provides traders with unparalleled flexibility. Extensively back-tested, it ensures precise signal generation, robust risk management, and

40 USD

Enhance your price action trading with the Higher Highs and Lows MT4 indicator, a robust tool that leverages fractal analysis to pinpoint key swing points and identify trend-defining patterns like Higher Highs (HH), Lower Highs (LH), Lower Lows (LL), and Higher Lows (HL) for clear insights into market direction. Drawing from foundational price action principles rooted in Dow Theory from the early 1900s and popularized in modern trading by experts like Al Brooks in his "Trading Price Action" seri

FREE

Boost your trend-spotting capabilities with the Consecutive Candle Indicator MT5, a dynamic tool designed to identify streaks of bullish or bearish candles, delivering timely alerts for trend confirmations and potential reversals in forex, stocks, crypto, and commodities markets. Celebrated in trading communities like Forex Factory and Reddit’s r/Forex, as well as praised in discussions on Investopedia and TradingView for its ability to simplify momentum analysis, this indicator is a favorite a

FREE

Master market trends with the SuperTrend Alert MT4, a powerful indicator designed to deliver precise trend-following signals for forex, stocks, crypto, and commodities trading. Celebrated in trading communities like Forex Factory and Reddit’s r/Forex, and praised in discussions on Investopedia and TradingView for its robust trend detection, this indicator is a go-to tool for traders seeking reliable entries and exits. Users report up to 90% accuracy in identifying trend directions when combinin

FREE

Elevate your trading precision with the Candlestick Pattern Alert MT4 indicator, a powerful tool designed to swiftly detect key candlestick patterns and deliver real-time alerts, empowering traders to act on high-probability setups. Rooted in the principles of Japanese candlestick charting, pioneered by Steve Nison in the 1990s, this indicator is a favorite among forex, crypto, and stock traders for its ability to decode market sentiment through patterns like Hammer, Doji, or Engulfing. It strea

FREE

MT5 Local Trade Copier Pro is a MetaTrader 5 Expert Advisor designed to copy trades from a source MT5 account to multiple MT5 or MT4 accounts on the same PC. This utility is ideal for replicating trades across client accounts or portfolios with customizable parameters, including lot sizes, stop-loss/take-profit, and reverse copying options. It streamlines trade management without executing trades based on market logic, offering flexible synchronization for diverse trading needs. Note : Download

30 USD

RSI Strategy EA MT5 is an advanced automated trading tool designed for MetaTrader 5, leveraging the Relative Strength Index (RSI) indicator to automate trade entries and exits based on overbought and oversold conditions. The EA supports reverse trading setups within these zones, offering a versatile approach to trade management. Extensively back-tested, it provides precise entry methods, flexible exit rules, and minimal system resource consumption for efficient trading. The system includes day/

45 USD

Commodity Channel Index (CCI) Strategy EA MT5 implements a robust CCI-based trading strategy, extensively back-tested for precise entry and exit decisions across various market conditions. The EA offers comprehensive trading capabilities, including optional grid recovery, hedging, and martingale strategies (configurable, not enabled by default). It features multiple entry methods (breakouts, reversals, trend-following), flexible exit rules (indicator-based, time-based, or profit-based), and adv

40 USD

Product Name: Trailing Stop and Breakeven Management EA Description: This EA (Expert Advisor) is designed to set trailing stops and breakeven levels for trades based on input parameters and a magic number in MT5. It can be used to manage trades placed manually or by any other EA. The EA allows customization of various settings to suit your trading strategy. General Settings: Enable Magic Number (ENABLE_MAGIC_NUMBER): Enable to use a magic number for trades. Set to false for manual trades. Magic

FREE

Streamline your trading analysis with the Day and Week Separator MT4, an intuitive tool designed to plot customizable daily and weekly separator lines, perfect for traders navigating broker time zone differences. Widely appreciated in trading communities like Forex Factory and Reddit’s r/Forex for its simplicity and effectiveness, this indicator addresses the common challenge of aligning chart timeframes with local or market-specific times, as highlighted in discussions on platforms like Invest

FREE

Double top and bottom indicator is a pattern scanning indicator which scans the tops and bottoms using zig zag pattern. When it find price bouncing back from the same point twice after a long trend then it generate arrow signals whenever the last resistance points is broken for double bottom and last support price broken for double top. Unlike other top bottom scanner it does not give only 1 signal. it alerts user when ever the last support /resistance is broker from double top/bottom pattern un

FREE

ADX Multicurrency Scanner Dashboard MT5 is a powerful trading tool designed for traders who want to monitor multiple currency pairs and timeframes simultaneously using the Average Directional Index (ADX). It simplifies the process of tracking market trends, identifying confluence signals, and receiving real-time alerts, making it an indispensable asset for ADX-based trading strategies. The dashboard organizes signals in an intuitive grid format, displaying each symbol’s status across timeframes

30 USD

Elevate your trading strategy with the Keltner Channel Indicator MT5 , a timeless volatility tool inspired by Chester Keltner's 1960s innovation, combining Exponential Moving Averages with Average True Range for dynamic price bands. Celebrated in trading circles since its revival in the digital age, this indicator has surged in popularity on platforms like TradingView and MQL5 for its reliability in spotting breakouts and trend reversals, often preferred over Bollinger Bands for its smoother, A

30 USD

Bollinger Band Strategy EA MT5 is an automated trading tool designed to capture opportunities based on Bollinger Bands' reversal conditions. It executes buy trades upon detecting a bullish reversal near the lower band (when the previous candle closes below the lower band and the current candle closes above it, transitioning from red to green) and sell trades for a bearish reversal near the upper band (the opposite scenario). Extensively back-tested, the EA offers precise entry methods, flexible

30 USD

Ultimate Trade Panel MT4 is a powerful MetaTrader 4 Expert Advisor designed to streamline trading activities and enhance efficiency for traders on the MQL4 platform. This utility simplifies day-to-day trading tasks with user-friendly features, serving as a reliable companion for managing trades without relying on specific trading logic. Tailored for traders seeking a competitive edge, it offers automation and risk management tools to optimize your trading experience. Note : Download and test th

30 USD

The MT4 indicator that we are describing is designed to provide traders with an alert, notification, and email when Fibonacci levels are crossed. The Fibonacci levels are calculated based on the zigzag indicator, which helps to identify potential trend reversals in the market. When the indicator detects that a price has crossed a Fibonacci level, it will trigger an alert and send a notification to the trader's MT4 mobile app. Additionally, the indicator can be configured to send an email to the

FREE

Close Manager EA for MetaTrader 5 Introduction: Welcome to the Close Manager EA, an essential tool designed exclusively for MetaTrader 5. This expert advisor has been meticulously crafted to streamline and enhance the trade closure process. Whether trades are initiated manually or by other EAs, this tool offers a diverse range of customizable criteria, empowering traders with enhanced control over their trade exits. You can find the MT4 version here Key Features: Logs Capture (SHOW_LOGS): Enable

FREE

Stay ahead of market momentum with the Pip Movement Alert MT4, a versatile multicurrency indicator designed to track and alert traders on precise pip movements across multiple symbols, ideal for forex, stocks, crypto, and commodities trading. Praised in trading communities like Forex Factory and Reddit’s r/Forex, and highlighted in discussions on Investopedia and TradingView for its ability to detect sudden market shifts, this indicator is a must-have for traders seeking to capitalize on rapid

FREE

Volume Oscilator is a popular indicator available in trading view which is very popular among traders Definition The Volume Oscillator is an indicator made up of two Moving Averages (MA) surrounding volume, one being fast and the other slow. The slow volume MA value is then subtracted from the value of the fastlow Moving Average. The Volume Oscillator measures volume by analyzing the relationship between the two Moving Averages mentioned. When combined with other indicators it provides a very st

FREE

Account Trailing Stop Manager MT5 Description: The "Account Trailing Stop Manager MT5" EA is designed to automatically calculate and remember the profit of the entire account or specific magic number, and trail it like a trailing stop loss. When the current profit becomes lower than the last saved profit, it will close all trades. This EA provides a convenient way to manage trailing stops for your account. For detailed documentation Overall Settings/Input Guide High Level Overview of Feature

FREE

Simple trade manager panel is a very usefull utility which gives the trader a flexibility to place orders and close them by profit and loss amount . It also helps in trailing the profit with amount. It works seamlessly on mt4 terminal. It has features to close specific order type or close all trades Features in nutshell Stoploss ,Takeprofit and Lot size control Book Profit based on amount Cut Loss based on amount Trail Profit after some time Close specific order Type Close all orders

FREE

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