Market / MetaTrader 5 / Utilities /

Drawdown Manager MT5

35 USD

Demo downloaded: 3

Published: 22 April 2024

Current version: 4.0

Drawdown Manager MT5

Utilities
Biswarup Banerjee
Version: 4.0
Updated: 24 April 2024
Activations: 20

Welcome to Drawdown Manager MT5, an equity protector - a robust MetaTrader 5 Expert Advisor crafted to manage trades and safeguard your trading account. This tool is designed with enhanced features to elevate your trading journey and secure your investments, making it especially beneficial for proprietary trading firms.

You can download the MT5 demo version here

MT4 version is available here

Detailed documentation

General Settings

Magic Number
- Enable Magic Number: Activate Magic Number functionality.
- Magic Number: Input a unique identifier for the EA.

Trading Options

Delete Pending Order After Bars: Define the number of bars before pending orders are deleted.
Loss Amount: Set a fixed loss amount to mitigate losses.
Loss Percent: Specify a percentage-based loss limit.

Swap and Commission

Check Swap and Commission: Activate to monitor swap and commission.

Safeguard Settings

Maximum Limits
- Max Open Trades: Set the maximum allowable open trades.
- Max Long Trades: Define the maximum number of long trades.
- Max Short Trades: Specify the maximum number of short trades.
- Max Pending Orders: Set the maximum allowable pending orders.
- Max Drawdown Percent: Specify the maximum acceptable drawdown percentage.
- Max Trades Per Day/Week/Month: Set trade limits for each time period.
- Enable/Disable Closed Trades in Drawdown Calculation: When disabled, drawdown is calculated based on active trades only, excluding closed trades.

Daily, Weekly, and Monthly Drawdown Limits

Daily Drawdown Percent: Set a daily drawdown limit.
Weekly Drawdown Percent: Define a weekly drawdown limit.
Monthly Drawdown Percent: Specify a monthly drawdown limit.

Actions Settings

Close Trades and Terminal Options
- Close Trades: Enable or disable automatic closure of all trades during drawdown.
- Close Charts: Toggle to close or keep open charts.
- Close Terminal: Choose whether to close or keep the trading terminal.
- Close Highest Losing Trade: When enabled, only the highest losing trade will be closed.

Display Settings

Dashboard and Panel Customization
- Show Dashboard: Toggle the visibility of the dashboard.
- Panel Width and Height: Adjust the dimensions of the dashboard panel.
- Text Size: Set the text size for optimal readability.
- Title, Label, and Value Colors: Customize colors for titles, labels, and values.

Alert Settings

Notifications and Alerts
- Allow Alert: Enable or disable alert notifications.
- Allow Notification: Enable or disable system notifications.
- Allow Email: Toggle email notifications on or off.

Conclusion The EA Utility Tool provides a comprehensive solution for trade management and account protection, serving as a valuable asset for proprietary trading firms. Configure the settings to align with your trading strategy and risk appetite, enhancing your trading experience.

For support or further assistance, please reach out to our dedicated support team.

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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

Product Name: Hedge Trade Manager MT5 Description: The "Hedge Trade Manager" EA for MetaTrader 5 is a sophisticated solution designed to adeptly manage trades through a hedge trading strategy. With a range of configurable settings, this EA provides comprehensive control over hedge trades. The documentation below outlines the various inputs and parameters to assist you in customizing the EA to suit your trading preferences. Overall Settings/Input Guide Name Setting Description General Settings Ma

FREE

GG TrendBar Indicator - Your Multitimeframe ADX Trading Solution Experience the power of multi-timeframe trading with the "GG TrendBar MT5 Indicator." This versatile tool, built upon the ADX indicator, offers precise insights by considering multiple timeframes, ensuring you make well-informed trading decisions. Basic Details : Indicator Type : GG TrendBar Indicator (Multi-Timeframe ADX) Key Metrics : Real-time ADX analysis across multiple timeframes. Customization : Enable or disable specific ti

30 USD

Brilliant Reversal Indicator for MetaTrader 5 - Your Ultimate Alert-Driven Trading Solution Unlock unparalleled trading success with the "Brilliant Reversal Indicator" tailored for MetaTrader 5. This powerful tool has been meticulously designed to empower traders by identifying critical reversal opportunities with lightning-fast alerts. Key Features: Precise Reversal Detection: The Brilliant Reversal Indicator for MT5 specializes in pinpointing potential trend reversals, providing you with a str

30 USD

Whether you're a seasoned forex trader or just starting, Telegram Signal Sender is a must-have tool for anyone looking to start their telegram channel as a forex signal provider. With its user-friendly interface and advanced features, you can easily set up your signals and watch as your followers start to grow. So, what are you waiting for? Features: Highly customizable panel for calculating stop loss and take profit values User-friendly interface for easy setup of forex signals Ability to se

30 USD

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 Featu

FREE

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

RSI Trader Expert Advisor for MetaTrader 5 Introduction: Welcome to the RSI Trader EA, an advanced tool designed exclusively for MetaTrader 5. This expert advisor streamlines trading activities by harnessing the power of the Relative Strength Index (RSI) indicator, automating trade entries and exits based on overbought and oversold conditions. The EA also facilitates reverse trading setups within these zones, offering a versatile approach to managing trades. You can find MT4 version here For det

45 USD

About The Product This is an MT5 expert advisor which will let the end user to copy trades from a source mt5 account to N different mt5/mt4 account in the same pc. It is specially useful when you want to copy your trades from an account to several client account or accounts which will have different parameter for those trades. This product provides options to copy trades with different options as well as copy them in reverse. You can try the free trial demo on the link below. Complete User Gu

35 USD

Inventory Retracement Trade it is designed based on one of the most popular tradingview indicator. This is mostly combined with other popurlar trend indicator to confirm the strength of the movement. Definition Inventory Retracement Trade is quickly becoming one of the most popular ways to identify where short-term counter trend institutional inventory has subsided and when it’s time to re-enter into a trade’s original trend direction.

30 USD

Super Trend Indicator for MetaTrader 5 - Elevate Your Trading Precision Experience the future of trading with the "Super Trend Indicator" designed for MetaTrader 5. This versatile tool is your key to precise market analysis, providing insights into potential trend directions that enhance your trading decisions. Basic Details : Indicator Type : Super Trend Indicator for MetaTrader 5 Key Metrics : Real-time analysis of market trends using a proprietary algorithm. Customization : Fully customizable

30 USD

Introducing the Ultimate Trade Panel MT5 - Your All-in-One Trade Manager for MQL5 Trading Are you a trader looking to streamline your trading activities and gain a competitive edge in the market? Look no further! The Ultimate Trade Panel MT5 is here to revolutionize your trading experience on the MQL5 platform. With a plethora of unique and time-saving features, this expert advisor is designed to be your reliable companion for day-to-day trading activities. Key Features: Indicator Manager: Say g

30 USD

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

Angle of Price It is a trend following indicator. The idea behind this indicator is very simple. it calculates the angle of certain price type with its N candle back price type. When the price is moving toward upward direction positive angle histograms will be created and vice versa for downward direction. There are couple of price type supported in this indicator. Which is as follows Close Open High Low Median Typical Weighted When combined with other indicators it could be used as a very power

FREE

Risk Management Panel is unique to tool calculate your risk quickly and place trades based on your account money. There are two options for the user Account Equity Account Balance Tools like these is specially useful when you have to take a quickly decision about your trade but dont have the time to calculate the risk. It works with magic number. So the advantage is a trade placed by this panel could be manipulated by the other expert advisors as well

FREE

Angle of Moving Averages This indicator is very simple yet powerful concept which constantly calculate the slope of the current bar moving average with respect to the N bar before moving average value. This no only give a good entry and exit signal but also it shows traders the strength of the signal. It shows positive green histogram when market is moving toward upward direction and red histograms for downtrend. When large histograms found means market has very strong trend. Inputs Available

30 USD

Description This Expert Advisor mainly works on range breakout on a particular timeframe. The logic behind the this pretty simple. When a range is formed in any time frame (e.g. the range should be less than 20 pips and there must be atleast 30 candle in that range), this ea will wait for the range to be broken out on any direction. If the range is broken on the upper side it will enter into the buy position and hedge the lower ragne with sell position(Could be martingale multiplied lots). If

30 USD

This is very simple strategy based on martingale and reverse martingale strategy. When Ea keeps on winning it multiplies with winning multiplier ,when it has a loosing streak it multiplies with loosing multiplier. Whenever cycle goes from winning to loosing or vice versa the lot size will be reset to default one. This will keep the risk minimized as we are using it for both side. Also when we are in loosing streak we keep on changing the order type from its previous example for example if we hav

30 USD

Confluence Indicator is unique indicator which collects differnt popular indicators and analyzes their data. It decides an overall trend with its strength. It is not only helpful for identifying the the current picture of the market but also helps traders to stay away from non trending market. It maximize the chance of winning by giving an aggregate picuture of markets best reliable technical indicator settings There are total 7 types of signal which this indicator provides. Each candle will sho

30 USD

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

30 USD

Hercules is a trend indicator which is a very powerfull tool to enter into the position at right time. it also indicates the the rangebound areas very easyly. Its visual representation is same like supertrend . But it is more advanced then super trend . If you combine the entry signal of multiple time frame it would give 98% accuracy in most of the symbols. Additional Features Notification Alerts Email Arrow for buy and sell signals Easyly accesible buffers for EA development

30 USD

This is a combination of utility and trend scalping EA. User can utilize features of many ea within this single ea. you can say it can be configured in such a way that it will act as a different ea based on each setup. There could many permutations combinations of the available indicaotrs , based on which buy and sell signals could be generated. If anyone wants to use it just for alert then also it can be done. It supports all currency pairs and all time frames. List of Indicators Avaialble Rsi

30 USD

Description Rich dad is scalping bot which works based on multiple trend following indicators settings which is used by many professional traders. It works on the principle of trade accumulation and profit banking system.Once Ea gets the singal for buy and sells it keep on accumulating them bases on some risk calculation. Once the stoploss or profit hits based on risk calculation it will bank profit or cut the losses. It uses the the martingale principle but it is upto the trade if he want to us

150 USD

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

30 USD

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Version 4.0 2024.04.24

alert and and action field is added