Smart Drawdown Cutter

Smart Drawdown Cutter is an automated risk management tool designed for MetaTrader 5. It monitors open positions in real time to protect trading accounts from excessive equity drawdown and sudden market turns.

Key Features

  • Automated Risk Protection: Continuously monitors account equity and closes positions when pre-set risk thresholds are met.

  • Profit & Drawdown Management: Set target profit levels or maximum allowed drawdown limits in currency or account percentage.

  • Universal Compatibility: Works across Forex, Indices, Commodities, and Crypto instruments.

  • Multi-Account Support: Fully compatible with both Netting and Hedging MT5 accounts.

Input Parameters

  • Max Drawdown Limit (% or Currency): The maximum equity threshold allowed before position management triggers.

  • Target Profit (% or Currency): Equity target to lock in trading profits automatically.

  • Notification Settings: Enable push notifications or terminal alerts when risk limits are breached.

Setup Instructions

  1. Attach the Expert Advisor to any chart in MetaTrader 5.

  2. Adjust the risk and profit parameters according to your trading strategy requirements.

  3. Ensure Allow Algo Trading is enabled in the MetaTrader 5 toolbar.


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Are you ready to power up your Gold trading? Impulse by Starpoint Trading — A six-strategy gold EA that waits for the perfect shot. Come chat with us in our public MQL5 channel!  https://www.mql5.com/en/channels/starpoint Read my analysis of Impulse compared to similar grid systems:  https://www.mql5.com/en/blogs/post/773192 Impulse v2.00 is here! The biggest update in Impulse's history has arrived. Version 2.00 takes everything that made Impulse a disciplined, patient Gold trading system and e
Big Gold Wins
Maksim Neverov
Experts
Welcome to Big Gold Wins  ! This is a Fully automated GOLD Trading System with 9 uniq strategies! We don't use "AI", We don't use "Machine Learning ", We don't use "ChatGPT", We don't use Martingale, We don't use Non-Realistic Backtests! Each trade has a Fixed TakeProfit and Stop Loss . Each strategy has its own Algorithm for Tracking Profitable Positions. Big Gold Wins contains 9 separate different strategies within itself, each of them with its own logic and profit-taking mechanism. Live  P er
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