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Drawdown Protector MT5

30 USD

Demo downloaded: 1

Published: 26 August 2025

Current version: 1.0

Drawdown Protector MT5

Utilities
Maros Petrik
Version: 1.0
Activations: 10

The Drawdown Protector EA is a comprehensive risk management and account protection system designed for MetaTrader 5. This advanced Expert Advisor provides automated monitoring and protection of your trading account through multiple safety mechanisms, profit-taking features, and time-based controls. Whether you're a day trader, swing trader, or algorithmic trader, this EA acts as your ultimate safety net and profit guardian

Core Protection Features

Drawdown Protection

Max Daily Drawdown %: Automatically closes all trades when your daily losses exceed the specified percentage
Max Total Drawdown %: Protects against overall account drawdown from your highest equity peak
Real-time monitoring: Continuously tracks your account equity and calculates drawdowns
Smart calculation: Daily drawdown resets automatically at the start of each trading day

Profit Protection

Max Daily Profit %: Secures daily profits by closing all trades when target is reached
Max Total Profit %: Locks in overall profits when your total profit target is achieved
Flexible settings: Set to 0 to disable either profit limit if not needed
Profit preservation: Prevents giving back hard-earned gains during volatile market conditions

Time-Based Controls

Day End Close Feature

Automatic daily closure: Closes all trades before the trading day ends
Customizable time: Set exact time (default 23:55 - 5 minutes before midnight)
Risk elimination: Removes overnight gap risk and weekend exposure
Perfect for day traders: Ensures no positions are held overnight

Delete Time Feature

Scheduled closure: Closes all trades at a specific time you define
Flexible timing: Set any time during the day (e.g., 17:00 for London close)
Multiple use cases: End trading at market close, before news events, or personal schedule
Daily reset: Automatically reactivates for the next trading day

Manual Controls

One-Click Close Button

Instant access: Red button prominently displayed on your chart
Emergency closure: Immediately close all positions and pending orders
No confirmation needed: Fast execution for urgent situations
Always accessible: Button remains visible while EA is active

Alert System

Multi-Channel Notifications

Email alerts: Detailed notifications sent to your email when limits are triggered
Push notifications: Instant alerts to your mobile device via MT5 app
On-screen alerts: Pop-up alerts directly in MT5 terminal
Comprehensive information: All alerts include account details, trigger reason, and current equity status

Alert Triggers

Drawdown limits exceeded
Profit targets reached
Time-based closures executed
Manual button closure performed

Advanced Features

Intelligent Trade Management

Complete closure: Closes both open positions AND pending orders
Error handling: Robust error checking and retry mechanisms
Multi-symbol support: Works across all instruments and timeframes
Performance optimized: Minimal CPU usage and fast execution

Smart Monitoring

Peak equity tracking: Automatically tracks your highest account equity for drawdown calculations
Daily reset functionality: All daily limits reset automatically at start of new trading day
Real-time calculations: Instant updates of all percentages and status
Visual status display: Comprehensive information displayed directly on your chart

Auto-Trading Controls

Trading disable option: Can automatically disable auto-trading when limits are hit
Protection persistence: Once triggered, protection remains active until new trading day
Manual override: Use the button to close trades even when auto-trading is disabled

Status Display

Comprehensive Chart Information

The EA displays real-time information directly on your chart including:

Account Information:

Current equity amount
Daily starting equity
Maximum equity reached

Drawdown Status:

Current daily drawdown vs. limit
Current total drawdown vs. limit
Color-coded warnings at 80% of limits

Profit Status:

Current daily profit vs. target
Current total profit vs. target
Progress indicators

Time Settings:

Day end close time and status
Delete time and status
Execution confirmations

Overall Status:

Protection trigger status
Current monitoring state
Warning messages and alerts

Installation & Setup
1. Download and Install
2. Attach to Chart: Drag onto any chart and configure settings
3. Enable Auto-Trading: Ensure auto-trading is enabled in MT5
4. Configure Alerts: Set up email/push notifications in MT5 settings
5. Start Trading: The EA immediately begins monitoring your account

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Drawdown Protector MT5

Core Protection Features

Drawdown Protection

Profit Protection

Time-Based Controls

Day End Close Feature

Delete Time Feature

Manual Controls

One-Click Close Button

Alert System

Multi-Channel Notifications

Alert Triggers

Advanced Features

Intelligent Trade Management

Smart Monitoring

Auto-Trading Controls

Status Display

Comprehensive Chart Information

Installation & Setup