Prop Firm Drawdown Protector

5

The DrawdownProtector is a custom MetaTrader 4 (MT4) EA designed to manage floating losses in trading accounts. Let’s break down its key features:

  1. Floating Loss Management:

    • The EA monitors the account’s floating profit and loss (P/L).
    • If the floating loss exceeds a user-defined threshold (default: $100), the EA takes action.

  2. Order Closure:

    • When the floating loss surpasses the threshold, the EA closes all open orders.
    • It ensures that no further losses accumulate beyond the specified limit.

  3. Chart and EA Management:

    • Optionally, the EA can close all other charts and even itself (the EA) when the drawdown occurs.
    • This feature helps prevent additional trades and conserves resources.

  4. Account Information Display:

    • The EA displays essential account information on the chart.
    • This includes account balance, equity, drawdown amount, and current floating P/L.

Remember to customize the parameters (e.g., FloatingLossAmount) according to your risk tolerance. The DrawdownProtector aims to safeguard your trading account by preventing excessive losses due to floating drawdowns. 🛡️📉


Reviews 2
trafo82
24
trafo82 2026.01.16 13:36 

Perfect!

Yegor Sokolov
173
Yegor Sokolov 2024.11.12 21:45 

Works perfectly, just as described by developer! Plus it’s free, what not to love?

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An equity protection EA for MetaTrader that enforces your loss limits and profit target for you: when your account reaches a rule you set, it closes your trades on every symbol, before one bad day turns into a lost account. It suits prop firm challenges and personal accounts alike. Attach it to one chart, answer a few questions in the on-chart setup wizard, and it watches your whole account in the background while you trade by hand or with other EAs. What it protects Daily loss limit: a percenta
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Nadia Tselkhert
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A local trade copier between MetaTrader terminals on one PC or VPS. Copying runs in any direction between MT5 and MT4. The volume of a copy is calculated in percent of equity, in account currency, or by mirroring the master's risk share; trades are selected by filters on symbol, magic number, comment and size. The panel handles the life of an open copy: virtual SL/TP, break even, trailing stop, basket close and a scheduled close. Daily, total and volume limits protect the account and trip early
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Sergey Ermolov
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Easy Trade Executor is a tool for fast position sizing, trade execution, and trade management in MT4. Place Open Price, Stop Loss, and Take Profit levels directly on the chart, get automatic position size calculations, and open trades with controlled risk in just a few clicks. Why Easy Trade Executor? Easy Trade Executor is designed for traders who want more than just risk calculations — they want to manage trades quickly and efficiently directly from the chart. The tool combines position sizi
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RS Trade Copier - the ultra-fast local trade copier with a real graphical interface. Stop typing account numbers manually. No more 200+ cryptic inputs. A reliable and flexible tool for copying trading operations between multiple MT4 and MT5 terminals. It suits experienced traders, signal providers, and individual investors. It enables trade synchronization from one or multiple Providers to one or multiple Clients with high precision and minimal latency. It supports simple automatic configuration
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Account Sentinel Pro - Monitor, Protect & Analyze Account Sentinel Pro is a professional all-in-one account intelligence EA for MetaTrader 5. It is built for traders who want a clean, full-screen control center to monitor account performance, understand real strategy behavior, evaluate execution quality, and assess drawdown risk with much more clarity than the standard terminal view. Instead of showing only raw trade history or a simple profit summary, Account Sentinel Pro organizes your trading
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trafo82
24
trafo82 2026.01.16 13:36 

Perfect!

Yegor Sokolov
173
Yegor Sokolov 2024.11.12 21:45 

Works perfectly, just as described by developer! Plus it’s free, what not to love?

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