Market / MetaTrader 5 / Indicators /

Equity Drawdown Guard

FREE

Published: 29 July 2026

Current version: 1.0

Equity Drawdown Guard

Indicators
Milos Vukomanovic
Milos Vukomanovic
Slovenia

1550
3 (1)
- https://algomilos.com
MQL5 Expert Advisor & Indicator Developer | Python Trading Automation | MT4 → MT5 Conversion
I develop Expert Advisors, custom indicators and automated trading solutions for MetaTrader 5.

11 products 1 topic 3 comments
Version: 1.0

Drawdown Guard is a free MetaTrader 5 dashboard that tracks your daily and weekly equity drawdown against your own limits — and warns you before you breach them. Works alongside any trading style, manual or automated, and any strategy: it doesn't care how you trade, only how much you've lost so far.

What it does:

- Daily loss limit tracking — set a % of balance or a fixed $ amount; the dashboard shows your current day's P&L against it in real time.

- Weekly loss limit tracking — same idea, tracked from the start of the week (Monday).

- Three-stage status — OK (green), Warning (amber, once you cross a configurable threshold of your limit), and Limit Hit (red) — see your risk at a glance without doing the math yourself.

- Pop-up alert on breach — get notified the moment either limit is actually reached.

- Works with any account — pure equity-based tracking, no dependency on any specific strategy, EA, or symbol.

Key Settings Explained:

- Daily / Weekly Limit % — the percentage of your day-start or week-start balance you're willing to lose before stopping.

- Fixed $ Limit — switch either limit to a fixed currency amount instead of a percentage.

- Warn Threshold % — how much of the limit must be used before the status turns amber (default 80%).

Designed for: Any trader who wants a simple, always-visible guardrail against overtrading a bad day or week — including prop firm challenge traders who need to respect strict daily/weekly loss rules.

What this is NOT:

- Not a trading robot — it does not close positions or stop trading automatically. It only tracks and warns.

- Not a substitute for your prop firm's own official risk dashboard — always confirm your actual numbers with your broker/firm; this is a convenience tool.

- The day/week starting balance is captured the moment the tool loads or a new day/week begins while it's running — if you attach it mid-session after trades already happened, the reference point starts from your current balance at that moment, not retroactively from midnight.

Looking for signal tools to pair with this? Check out my other products on the Market:

- Order Block & FVG Confluence

- Order Block & FVG Confluence PRO

- Liquidity Sweep + Reclaim

- Supply Demand Zones MTF

- SMC Multi Symbol Scanner

- VP Sweep Signals (also free)

- VP Sweep Signals PRO

- Risk Calculator (also free)

- Risk Calculator PRO

- BB RSI Signals

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Priced at $69. Built by the same author behind Order Block & FVG Confluence (5-star reviewed) — same development standard, applied to a multi-symbol dashboard. The same engine was developed and tested on real historical data. A 61-day replay of real historical data (settings of that period) produced 136 signals with a 55% win rate. Replay results are not live results and do not guarantee future performance. SMC Multi-Symbol Scanner is a live dashboard for MetaTrader 5 that scans up to 8 symbols

69 USD

Order Block & FVG Confluence PRO builds on the base OBF indicator with one genuine upgrade: delta volume confirmation. Every BOS/Order Block/FVG signal is checked against the day's real cumulative order flow before it fires — fewer, higher-conviction signals, not more noise. What's new in PRO: - Delta-confirmed signals — a BUY only fires when the day's cumulative delta volume (an approximation of buy vs. sell pressure derived from where each candle closes within its range) is net positive; a S

49 USD

Test it risk-free first: every purchase decision on MQL5 lets you run the full indicator on historical data in Strategy Tester before you spend a cent - see for yourself how it behaves on your own symbol and timeframe. BB+RSI Signals combines classic Bollinger Bands with RSI confirmation into a clean, non-repainting mean-reversion signal engine: a BUY only fires when price closes below the lower band AND RSI confirms oversold on the same candle; a SELL only when price closes above the upper ban

30 USD

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Equity Drawdown Guard

Milos Vukomanovic