Market / MetaTrader 4 / Utilities /

Drawdown Control Limiter MT4

50 USD

Published: 28 January 2025

Current version: 1.12

Drawdown Control Limiter MT4

Utilities
Rando Pajuste
Version: 1.12
Updated: 7 March 2025
Activations: 10

Overview:
The Drawdown Control Limiter is a robust and efficient tool designed for traders who aim to monitor and limit drawdown levels in their MetaTrader 4 accounts. This Expert Advisor provides real-time tracking of drawdown percentages or amounts and automatically closes positions if the specified limits are exceeded, helping protect your capital.

Key Features:

Customizable Drawdown Modes:
- Choose between percentage-based or fixed-amount drawdown limits.
- Flexibility to match your trading strategy and risk tolerance.
Visual Display Interface:
- Clear and intuitive on-screen display of:
  - Account Balance
  - Account Equity
  - Current Drawdown Percentage
  - Current Drawdown Amount
- Customizable positions, colors, and fonts to suit your preferences.
Automatic Position Management:
- Automatically closes open positions when drawdown exceeds the defined limit.
Customizable Parameters:
- Define maximum drawdown percentage or fixed amount.
- Adjustable slippage tolerance for closing trades.
- Timeout settings for retrying failed closures.
Performance Optimization:

Minimal impact on terminal performance.
Option to hide the chart grid for a cleaner workspace.

Close All Charts on Drawdown Hit:
After closing all trades, the EA will automatically Close All open Charts.

How It Works:

The EA calculates your account’s drawdown in real-time, based on either equity percentage or a fixed dollar amount.
If the drawdown exceeds the specified threshold, the EA automatically initiates the closure of all matching trades.
A clean and interactive display keeps you informed of account metrics and drawdown status at a glance.

Who Should Use This EA?

Traders seeking strict drawdown management for capital preservation.
Risk-conscious individuals trading with EAs or manually.
Ideal for prop firm challenges or accounts with strict drawdown rules.

Technical Details:

Input Parameters:
- Drawdown Mode (Percentage or Fixed Amount)
- Maximum Drawdown Percentage or Amount
- Magic Number for trade filtering
- Display customization options
User Interface: Built-in visual display with customizable settings.

Why Choose Drawdown Control Limiter?
Protect your trading account and enforce strict risk management with an automated, reliable, and user-friendly solution. The Drawdown Control Limiter simplifies risk management, giving you peace of mind and ensuring your trading capital stays within your defined safety thresholds.

Note:
This EA is designed for monitoring and controlling drawdown. It is not a trading robot and does not open positions. Please test on a demo account before using on a live account.

Start protecting your capital today with the Drawdown Control Limiter!

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