Drawdown Protector for MT4

  • Utilities
  • Maros Petrik
    Maros Petrik

    Maros Petrik

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  • Version: 1.0
  • Activations: 10
Drawdown Protector EA is a comprehensive risk management and account protection system designed for MetaTrader 4. 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 MT4 app
  • On-screen alerts: Pop-up alerts directly in  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 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

Profit Status

Time Settings

Overall Status

  • 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 terminal
    4. Configure Alerts: Set up email/push notifications in terminal settings
    5. Start Trading: The EA immediately begins monitoring your account

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