Market / MetaTrader 4 / Utilities /

Daily Loss and Drawdown Risk Manager MT4

30 USD

Published: 24 September 2026

Current version: 1.0

Daily Loss and Drawdown Risk Manager MT4

Utilities
Amal Yuldashev
Amal Yuldashev
Uzbekistan

5472
5 (14)
TickForgeFX: trading tools for MetaTrader 5 and MetaTrader 4, built to hold up on a live chart

22 products 2 comments
Version: 1.0
Activations: 15

Put it on one chart and it enforces your daily loss limit and max drawdown across the whole account, whoever opened the trade: you by hand, the phone app, another EA or a copied signal. At the limit it closes every position, deletes every pending order and keeps closing anything opened until the lock ends. It acts at a line you set short of the limit, not after it, and says in plain words what it did.

What goes wrong with a risk manager is rarely a missing feature. It is a limit that fires late, a setting that means something other than its name, a lock that editing the inputs quietly undoes, or trades closed that nobody expected it to touch. Each of those has a plain answer below.

Setting it up

For a prop firm challenge, or for limits of your own, these are the settings that matter:

Account size: the challenge size, for example 100000, or the size you want your own limits measured from. Leave it at 0 and it takes your balance on the first run.
Daily loss limit and Overall loss limit: your daily loss limit and your max drawdown. The Loss limits are set in setting chooses between money in your account currency and a percent: of the account size, or of the high point once the overall limit trails.
Daily baseline: where the day's drawdown is measured from. The balance at the start of the day, the equity at the start of the day, whichever of those is higher, or the day's highest equity, which never counts from below the day's starting balance.
Daily reset hour: when your firm's day rolls, in server time.

Every other rule is off until you set it. The overall limit is measured from the account size by default, the fixed floor most challenges use. One dropdown makes it a trailing drawdown from the highest equity reached instead, and then a percent is of that high point, so it grows as the account grows. If your firm trails a fixed amount, set that limit in money.

At the limit it acts. It does not report afterwards.

It acts at 90 percent of a limit by default and warns at 80, both yours to set. That margin is there to absorb a price gap or a slow fill before it reaches your firm's line. A move bigger than the margin can still pass it.
All positions on every symbol are closed and every pending order deleted, the biggest exposure first. A close the broker refuses is sent again at the first price of a later second: straight after a price refusal, and after any other once a wait of at most 30 seconds has passed. Every attempt goes in the log with the broker's reply.
Anything opened while the lock stands is closed as soon as it appears, checked on every tick and every second while MetaTrader is running with the tool attached, whether it came from your hand, your phone or another program.
Losses are measured on equity, as an equity protector does, so a floating loss counts the way most firms count it. Credit your broker adds is left out, so it can never hide a loss.
A daily lock ends at the daily reset. An overall lock stands until you ask to clear it, until your equity is back where it was measured from, or until switching that limit off takes effect.

The day is measured from its reset, even if MetaTrader was closed then. Start it after the reset and whatever the account booked since, a stop that filled overnight included, counts toward today's limit, as it would have if the tool had been running. With an equity baseline, the trades open at the reset are valued at the prices of that moment, read from the chart history, including any that closed while MetaTrader was off. If a price at the reset cannot be read within a minute, it says so in the Experts tab and measures the day from the trades as they stand when it starts, without the reset's prices.

Set your Account History tab to All History. MetaTrader 4 shows a program only the history that tab has loaded, and five things here read it: a day that started while MetaTrader was closed, the prices your open trades had at that reset, telling a deposit or a withdrawal apart from a trading loss, the day's trade count and losing run, and following a trade whose ticket changed at a partial close. All History is the safe setting, and a period that covers the days the tool has to see will do. MetaTrader 4 gives a program no way to know that history is short, so the tool cannot ask you to fix it and this one is yours to get right.

A lock that holds

Restarting MetaTrader does not lift it, and neither does removing the tool and attaching it again. It is kept in this MetaTrader under the account's login number, so a lock on one account does not follow you onto another.
A Strategy Tester run cannot touch it. MetaTrader 4 hands a test run the terminal's own store, which is where a live lock is kept, so everything a test writes goes in a space of its own and is cleared at the start of each run.
Editing the inputs does not undo it. A stricter loss limit applies at once. A looser one, switching a limit off included, waits for the next daily reset or a clear you ask for, and the Experts tab says so. An overall limit switched off takes its lock with it when that change lands.
The same goes for the two daily counts, for Watch only and for the account size, where the stricter figure is the larger one while the overall limit is measured from the account size, the default, because that raises the line where it acts, and the smaller one otherwise. A new account size reaches the daily limit from the next reset or a clear, unless it replaces a size the loss limits refused to arm under, and while a loss limit is on a larger one reaches the risk per trade then too. The rules for each trade take a new value at once.
A setting the tool cannot accept, such as a warning set at or above the act line, stops it: MetaTrader takes it off the chart and says why, in a popup by default and always in the Experts tab. Nothing is enforced until you attach it again with settings it accepts, and a lock already standing is kept.
Clearing is a request, not a switch. Set Ask to clear a tripped lock to true and it takes effect 30 minutes later if it is still true then; set it back before that to cancel. When it lands, the dialog applies as typed, account size included, except Daily reset hour and a Daily baseline read at the start of the day, which wait for the next reset, and what already happened keeps counting. So a lock that real losses tripped trips again at once, and a lock that a wrong setting tripped stays clear once the setting is corrected. Then set it back to false: left true, it cannot ask again, and it says so if you try.

Rules for every trade, whoever opened it

Each one is off until you set it. Each group has its own action, close the trade or only warn, and a trade without a stop can also be given one.

Most one trade may risk, by its stop. The money lost if the stop fills, measured from the open price, as a percent of the account size, or of the balance if both loss limits are off and no size is typed. It is judged when the trade appears, again whenever its stop or size changes, and afresh when MetaTrader restarts or the tool is attached again, not once the loss has already happened.
A trade without a stop loss. After the number of seconds you allow, it adds a stop loss at the risk limit, which needs Most one trade may risk set, and keeps the take profit, or closes the trade, or warns. If price is already past where that stop would go, it closes the trade rather than place a stop that would fill at once.
Symbols allowed. A trade on any other symbol is acted on. A symbol in the list that your broker does not have stops the tool from starting, with a popup naming it, rather than leaving it to close every trade on the symbol you meant.
Most open positions, and most lots open in total. The newest trade is the one acted on.
Most trades per day, and a stop for the day after a number of losses in a row, the two rules against overtrading, counted with swap and commission. Only trades opened after a limit is reached are acted on.

It does not close what was already open

Attach it to an account with trades already running and those trades are warned about under the per-trade rules, never closed by them. The loss limits are different, and say so: from the moment they arm they cover every trade on the account, because a limit that ignored some trades would not be a limit.

Closing MetaTrader at night, or Windows restarting the PC, does not change which trades it governs. Only taking the tool off its chart and attaching it again on a later day starts it afresh, and the Experts tab says when that happens.

Beside your other EAs

MetaTrader runs one Expert Advisor per chart, so this goes on a chart of its own and your other EAs keep theirs. It governs their trades like any other: the loss limits close them at the line, and a rule you switch on acts on them too. Nothing can be exempted, so an EA that trades without a stop loss on purpose will have one added if you set that rule to add one; set it to warn instead. It cannot be backtested together with another EA, because the Strategy Tester runs one program at a time.

When another program keeps reopening

MetaTrader 4 does not record where a trade came from. Magic number 0 is what it gives a trade you place by hand, and it is also what a program that sets no magic number of its own gives, so the tool says exactly that and claims no more. A program trading at magic 0 is therefore read the same as your own hand: what it opens is still closed, still logged and still said on every close, but it is not named as a program to stop. Nearly every Expert Advisor sets a magic number, and those are named as programs.

A trade opened under the lock is closed every time. When a program reopens a trade the lock has closed, on the same symbol within 15 minutes, the popup names it by magic number and comment and points you at that symbol's charts, at another terminal and at a copied signal, because MetaTrader 4 will not say which Expert Advisor runs on which chart. That popup comes the first time and every fifth time after, so a looping EA does not bury you in them. Every close, magic number included, is in the log.
Or it can close MetaTrader once the account is flat, so the programs running in it stop until you open it again. It cannot stop trades from your phone or another terminal, and nothing closes those while MetaTrader is closed. Off by default, and never on an MQL5 VPS, where nothing would open it again. Nothing is restarted or restored afterwards: your charts and your other EAs are as you left them, and the lock is still standing when you return.

Deposits, withdrawals and credit

A deposit is not a gain and buys no extra room. The account size never follows a deposit up.
A withdrawal is not counted as a loss. It comes out of the profit above what you deposited first, then out of your deposits, and the account size moves down only by the part that takes the balance below it.
Credit is left out of the equity it measures.
What it can tell about a deposit or a withdrawal is what your Account History tab has loaded, which is the setting above. The limits do not pause for history, because MetaTrader 4 gives a program no way to know any is missing.

It refuses to arm on a mistake

The first time it runs on an account, a loss limit that is already past the line where it acts does not arm: nothing is closed, the card says Not armed, and the Experts tab says why. It arms once that loss is back under the line, the daily one at the latest at the next daily reset, and until then it does not protect the account. The other limit arms as usual. On an account it has run on before, a loss taken while it was off still counts, and it acts on it as soon as it is attached again. While the overall limit is on and measured from the account size, the default, an account size typed with an extra zero is refused and the card says Check the account size, unless a lock is standing, and neither limit arms while it stands. One that a clear of a lock puts in force is not refused: the lock trips again, and a corrected figure lands with the next clear. Under a trailing overall limit, or with it off, an extra zero is not caught, and once it lands it makes every limit set in percent ten times wider. While a loss limit is on, the card shows the account size it measures from, so a size with an extra zero is there to see.

A record of everything it did

One CSV file per account login in the MQL4\Files folder: server and local time, the rule, the ticket, symbol, side, volume, magic number, price, the broker's reply code and result, and a note. The reply code is MetaTrader 4's own error number, the one you see in the Experts tab, and a call that worked leaves it blank. It records what the tool did; warnings stay in the Experts tab.
Each row is opened, written and closed on its own, so a crash loses nothing already written.
If Excel or another program holds the file open, the rows wait in a file beside it and go into it in order once it is free. If MetaTrader closes first, they are kept and written the next time the tool starts.

Every trade is its own trade

MetaTrader 4 accounts are order based, so there is no netting to reason about: each trade is judged on its own size and its own time, and a rule closes the one that broke it. A trade too big for one close goes in pieces rather than being refused.

A partial close leaves a new ticket, whoever made it. That is MetaTrader 4 and not this tool: the part that closed keeps the old ticket and the rest comes back under a new one, with the server's own comment on it. The tool follows that chain, so a trade you part closed by hand is still one trade for Most trades opened per day and one result for Stop for the day after this many losses in a row. What you will see is the ticket number changing in the action log, and the comment you typed on the trade replaced by the server's.

Watch only

One setting turns every rule into a warning: it alerts, closes nothing, and the card says Reached instead of Locked. Switched on a running tool it counts as loosening: the rules for each trade change at once, but the loss limits and the daily counts keep closing until the next daily reset, including a limit first reached after you switch.

The card

Room before it acts, in your account currency, to whichever limit is nearer. That is the number to watch.
Daily and overall loss, each with a bar, a mark where it acts, and its state: Clear, Near the limit, Reached, Locked or Not armed.
The account size, and where it came from: as typed, from the balance, or after a withdrawal.
Today's trades, losses in a row, open positions and lots open, for the rules you have switched on.
The last thing it did, and why.
Drag it anywhere, lock it in place, or pin it to a corner from the inputs.

Alerts come as a popup with a sound, a push to the MetaTrader app and an email, each switchable. Push and email need setting up in MetaTrader's own options first.

MT5 and MT4

Both platforms, built from one file: the same version, the same settings with the same names and defaults, the same card, the same rules. MetaTrader 4's dialog adds separator rows between the groups that MetaTrader 5 does not show. This listing is the MetaTrader 4 build, and where MetaTrader 4 itself makes a difference this page says so rather than leaving you to find it: what it records about who opened a trade, what a partial close leaves behind, and how much history it hands a program.

About the demo, stated plainly

On this market a paid product's demo runs only in the Strategy Tester, where a tool that places no trades would have nothing to show. So in a visual test it opens trades of its own, one act at a time, each built to break a rule you have switched on, and the card shows that rule acting. Out of the box only the two loss limits are on, so switch on the rules you want to watch before you start. Its trades carry a comment starting "TFX demo". After a loss-limit trip it opens one more trade under the lock, so you see that closed at once too. MetaTrader 4's tester trades only the chart's symbol, so to watch the symbols rule act, leave that symbol off your list, then run the other acts in a second test without the list: they trade that symbol too, and are skipped while it is off.

Alerts are not delivered in the tester at all; the card and the journal show every event instead. MetaTrader 4's Strategy Tester never runs a program's timer, so in a test the demo and every rule pace themselves on ticks; on a live chart the one second timer runs as well and a rule can act between ticks. One thing it does in the tester and nowhere else: in a NON-VISUAL run funded under 2000 it places minimum-lot sample trades, so this market's automated check can see trading operations, and it enforces nothing in that run. It says so in the journal, and it is worth knowing before you run a non-visual backtest of your own on a small deposit, because that is the same shape. A visual run is the demo, and every other run enforces. Outside the Strategy Tester it never opens a trade.

What it is not

It is not a trade manager: no break-even, no trailing stop, no partial profit-taking, no entries and no signals. Our Trade Manager, which is an MT5 product, does those for the trades on its own chart's symbol. This one governs every trade on the account from one chart, and the only things it ever does to a trade are close it or give it a stop.

It is not only a monitor either. We publish a free MT5 panel that shows your two loss limits and never touches a trade. This one acts on them.

Good to know

Put it on one chart. One copy governs the whole account; a second copy would act on the same trades.
Nothing exempts a program or a symbol from the loss limits. If a trade is on the account, they cover it.
The daily reset hour can be moved, and a change can lengthen a day but never shorten one.
The reset hour is in server time, and MetaTrader 4 hands a program no server clock of its own. The tool takes the gap between the server's clock and your computer's at each price and works from that, so the day still rolls between prices and over a weekend.

If you need me, I answer

Ask in the comments or by MQL5 message and you get a reply from me, not a support desk. If something is broken I want to know about it, and a bug report gets a fix rather than a workaround.

You already know your limits. This enforces them, and tells you exactly what it did.

more...

Screenshot #1 Daily Loss and Drawdown Risk Manager MT4

Screenshot #2 Daily Loss and Drawdown Risk Manager MT4

Screenshot #3 Daily Loss and Drawdown Risk Manager MT4

Screenshot #4 Daily Loss and Drawdown Risk Manager MT4

Screenshot #5 Daily Loss and Drawdown Risk Manager MT4

Screenshot #6 Daily Loss and Drawdown Risk Manager MT4

SPEEDY TIGER https://www.mql5.com/en/users/earobotkk/seller#products Speedy Tiger is a fully automated EA that uses our innovative algorithm combined with our money management concept. This EA is designed for easy to use with simple inputs parameters. INPUTS Trade Comment: user comment Magic No: unique EA Number Time Frame: default is H1 Min Lot: EA will execute not less than the minimum lot size for starting lot, taking into account the calculated risk set in percentage trade risk feature. Max

50 USD

Angry Bull Option Binary This is a Binary Options robot, which contains 7 strategies, you can backtest it to check what the best strategies are Settings Initial Batch Value Dynamic Investment = If activated it will use an automatic lot according to its capital Balance ($) w/ backtest = Starting balance to backtest PorcRiscoInvestment = It will be the value of % for the automatic lot if it is activated Expiration (in minutes) = It will be the expiration time of orders in Binary Options Magic

50 USD

HMA Trend robot for professional traders works with a set of Hull moving averages( HMA ). Advisor Parameters Use Trade Panel — Use the visual panel to configure and trade robot. Lot — Lot size for a market entry. Take Profit(points) — Take Profit for an open order. Stop Loss(points) — Stol Loss for an open order. Max Spread(0 - disabled) — Maximum allowable spread at which you can enter the market. 0 - disabled. Magic number — The magic number of the robot. EA Comment — Comments of robot.

69 USD

GOAL TIME is an expert advisor based on the notion of time, it studies the change of price according to time, and it finally detects the best time to execute a good order. The EA is based on an indicator that draws a price curve in relation to time, this curve is deduced by an algorithm that analyzes old data. Then, the EA exploits the generated curve and executes the correct order. In case of incorrect choice, the EA has the mission to limit the losses. After a thorough study of this strategy o

200 USD

The system applies Fibo levels. Apart from basic Fibo levels (23.6; 38.2; 50.0; 61.8; 100.0;), the EA features custom levels (34.0; 36.0; 64.0; 66.0;). You can decide the levels trading is to be performed from. Sample trade: when the market is bullish and the price rolls back to the levels (as we remember, we select the levels on our own), the EA opens buy orders. The opposite is true for sell orders. The EA can work in three modes. Each of the modes is a separate Fibo levels construction method

20 USD

️ ORION 2P PROTOCOL: The Architecture of Inevitable Profit Stop chasing the market. Start dictating the rules. Conventional trading is a lost battle against chaos. ORION 2P PROTOCOL is not an indicator, and it is not advice: it is a Binary Logic Algorithmic Protocol engineered for a single mission: the systematic extraction of value. While others attempt to guess the direction, we have constructed a mathematical cage. The Anatomy of Perfection: The Dual Layer The heart of the system beats t

1 099.99 USD

The Infinity Expert Advisor is a scalper. When the resistance and support levels are broken, trades are opened in the direction of the price movement. Open positions are managed by several algorithms based on the current market situation (fixed stop loss and take profit, trailing stop, holding positions in case of trend indication, etc.). Requirements for the broker The EA is sensitive to spread, slippages and execution quality. It is strongly recommended not to use the EA for currencies with s

150 USD

Vizzion is a fully automated scalping Expert Advisor that can be run successfully using GBPJPY currency pair at H1 timeframe. Very Important This Expert Advisor can not run with any EAs in the same account. As part of the money management plan, it calculates and monitors the Margin Level % and assumes that all open trades are created by it. If you want an Expert Advisor that trades in a daily basis, this EA is not for you because using this requires a patience to wait for a few days or weeks on

699 USD

This EA will help you to automatically put stop loss and take profit for all your orders. Stop loss point and take profit points can be selected in the tab of the input parameters. You can specify three symbols with SL and TP values (you can see symbol1 , symbol2 ... in the input tab below). The EA performs checks. If a new order with symbol1 appears, it puts SL and TP with stoploss1 and takeprofit1 values (in points). If a new order with symbol2 appears, it puts SL and TP with stoploss2 and tak

30 USD

Gold Crazy EA is an Expert Advisor designed specifically for trading Gold H1/ EU M15. It use some indicators to find the good Entry. And you can set SL or you can DCA if you want. It can be an Scalping or an Grid/ Martingale depend yours setting. This EA can Auto lot by Balance, set risk per trade. You also can set TP/ SL for earch trade or for basket of trade. - RSI_PERIOD - if = -1, then the default strategy works, if >0, then the RSI strategy works - MAX_ORDERS - to trade with only 1 order,

199 USD

| Fully-automated Smart Money Concept (ICT) inspired trading solution with multi-strategy capabilities | Built by a grid trader >> for grid traders. This is MT4 version, click here for Blue CARA MT5 (settings and logics are same in both versions) Real monitoring signal --> Cara Gold Intro Blue CARA EA ('CARA') - short for C omprehensive A lgorithmic R esponsive A dvisor is a next-gen multi-currency multi-timeframe EA base on the widely known (and perhapse most popular) Inn

99 USD

Matrix Arrow EA MT4 is a unique expert advisor that can trade the Matrix Arrow Indicator's MT4 signals with a trade panel on the chart, manually or 100% automatically. Matrix Arrow Indicator MT4 will determine the current trend at its early stages, gathering information and data from up to 10 standard indicators, which are: Average Directional Movement Index (ADX), Commodity Channel Index (CCI), Classic Heiken Ashi candles, Moving Average, Moving Average Convergence Divergence (MACD), Relative

80 USD

Correlation Beast V2.05 - Skyrocket Your Forex Trading! Unlock the power of currency correlations with Correlation Beast V2.5 , the ultimate Expert Advisor for MetaTrader 4! Designed for traders who crave precision and profitability, this EA leverages advanced correlation strategies to identify high-probability trades. Whether you're a beginner or a pro, this tool is your key to mastering the Forex market! Why Choose Correlation Beast V2.5? Powerful Correlation Trading Trade sma

199 USD

This expert is a combination between a grid and a scalper and it uses a grid of ten pending orders , five for long and five for short , with a 500 point spacing between them with a 100 point scalp target. It has three working modes , first , the entry by level , the expert starts operation when the price aproaches an important trade level ( a former resistance or support) , second , the entry by time , launches the expert at a specific time (input by user) and the third type is continuous operat

30 USD

We present you the indicator "Candle closing counter", which will become your indispensable assistant in the world of trading. That’s why knowing when the candle will close can help: If you like to trade using candle patterns, you will know when the candle will be closed. This indicator will allow you to check if a known pattern has formed and if there is a possibility of trading. The indicator will help you to prepare for market opening and market closure. You can set a timer to create a pre

30 USD

Binary panel for MT4. My development - a dashboard for binary options in MT4 (for example, the broker Grant Capital) has functions such as buy and sell (up and down), expiration time settings as on binary platforms (analogous) from 1 minute and up, increments of, for example, 5 minutes and up. It has lot settings from $1 and up. It has a balance level on the panel.

30 USD

Elevate your trading experience with Dynamic Trader EA MT4 , a cutting-edge trading robot designed to optimize your investment strategy. This advanced algorithm harnesses the power of four key indicators: RSI ( Relative Strength Index ), Stochastic Oscillator , MACD ( Moving Average Convergence Divergence ) and ATR ( Average True Range ) to make informed and precise trading decisions. ATR is used to dynamically set stop-loss and take-profit levels based on market volatility. IMP

69 USD

Description: Unlock the power of precision trading with GA Trading Club's Trend Genius Pro [GATC] expert advisor – your reliable companion in navigating the dynamic financial markets. This cutting-edge trading tool is designed to elevate your trading experience, providing both novice and seasoned traders with a strategic edge for success. Key Features: Trend Identification: Trend Genius Pro [GATC] excels in recognizing market trends with unparalleled accuracy. Its advanced algorithms swiftly ana

30 USD

Dear Friend.. I share with you this simple Expert Adviser .. it is full automatic this Expert Adviser following the trend of the pair you install on or any stocks or indices , it is works like that: - when the trend on H4 chart show a start of up trend the expert will wait till the 15M & 1H charts show an up trend the EA will open a buy order directly , and do the same for down trend and open a sell order the buy or sell order lot size and take profit and stop loss will measured manually by

he expert works on the Zigzag levels on the previous candle With some digital way to enter the deal On the five minute frame Work on currency pairs only Do not use TakeProfit or Stop Loss How the expert works It is placed on the three currency pairs GBPUSD GBPJPY GBP AUD Same settings without changing anything When he works, he will work on only one currency of them until it closes on a profit Profit is only seven points Please watch the video Explains how the expert works. Max Spread = 0.3 Bro

500 USD

GLOD Winner EA is the most efficient EA on the market. I spent a lot of time and effort to make this software sophisticated with possibilities of high potential returns while keeping the drawdown below 20%. The algorithms of the robot provide investors of any level of training with an investment opportunity that is both safe and aggressive. Golden Coup EA imitating the work of the brain, capable of learning and adapting to changing conditions and predicting situations. When applied to trading in

169 USD

We do not want to make you confused with an imaginary high profit screenshot from Strategy Tester which has no relation/guarantee of future profit! We just want to tell you the real thing about our EA. TrendEx Pro has been developed to trade on Gold specially, combining multiple strategies algorithm to ensure Trend catching and trading on. It can identify both short and long trends and opens positions accordingly with excellent built-in risk management logic. There is no use of any dangerous met

50 USD

<Basic logic > The Golden attacker Super is designed to follow the trend. The entry is made following market big trend and if the order was in the wrong directions, the grid order is placed. However Grid order is also follow the trend to reduce the draw down. Grid order is placed in the same direction of the Trend. There is no tp/sl , instead if the market trend changes, the order is closed with opposite signal. <The best pair and time frame> XAUUSD M5 <Myfxbool> Check here <Setfile> Set fi

50 USD

GoldenTrend — a next-generation high-frequency scalping Expert Advisor designed to extract profit from the smallest market movements. Utilizing advanced algorithms for price action and volume analysis, it opens dozens of highly accurate trades daily with minimal risk. Why GoldenTrend? Монитор Ultra-Fast Trades : Captures profit from 5–15 pip movements. Ideal for ECN accounts with low spreads. Adaptive Strategy : Automatically adjusts to current market volatility and dynamically shifts tradi

30 USD

GoldenGrid Scalping Pro EA - Technical Description GoldenGrid Scalping Pro is an automated Expert Advisor designed for trading XAUUSD (Gold) on lower timeframes (primarily M5). The system integrates short-term momentum scalping with a controlled Dollar-Cost Averaging (DCA) position management mechanism. Strategy & Algorithm Overview Signal Confirmation Filters: Uses Average True Range (ATR) to measure volatility and Volume analysis to confirm short-term momentum before initiating entry signals.

35 USD

Trading tool combining a sophisticated equity stop-loss, dynamic take-profit management (Breakeven & Trailing), and symbol-group-based closing logic. It is a complete risk management and trade supervision tool. Features: All features of `Equity Master Stop v1` (floating profit/loss limits, exit protection, skip hours). Take-Profit Override: Can force a TP on any order to lock in a `MAX_FLOATING_PROFIT`. Step Breakeven: Locks in increasing amounts of profit as a trade moves favorably (e.g., aft

199 USD

Prop Firm data: the most important information on the chart The indicator will help you to quickly monitor current and closed trades . Especially useful when you are not allowed to go beyond certain limits . The alerts option will help you to prevent unwanted results . Multifunctional utility : includes 66+ features | Contact me if you have any questions | MT5 version 6 categories of information that can be

30 USD

One interface. Every market. Absolute control. MT4 Trading Assistant EA. A lightweight Expert Advisor that enhances your chart with visual context and a built-in order management panel — without automating any trades. Everything is click-driven, so you stay in full control. Features Key Price Levels Automatically draws horizontal ray lines for the current Daily, Weekly, and Monthly high and low prices. Each level is labelled on the chart and updates with each new bar. These give you an instant

59.94 USD

Gyroscope professional forex expert (for EURUSD, GBPUSD, USDJPY, AUDUSD, USDCHF, EURGBP, EURJPY, NZDUSD, USDCAD, EURCHF, AUDJPY, CADJPY pairs) alyzing the market using the Elliot Wave Index. Elliott wave theory is the interpretation of processes in financial markets through a system of visual models (waves) on price charts. The author of the theory, Ralph Elliott, identified eight variants of alternating waves (of which five are in the trend and three are against the trend). The mov

1 099 USD

The Super scalper universal is a fully automated scalping Expert Advisor, which uses five indicators. Each open position is protected by a hidden stop order managed by an advanced modification algorithm. When searching for the suitable signals, the EA uses the integrated indicator in conjunction with the trend and time filters, as well as the volatility filter. It use dynamic position closure, which considers the location where the order had been opened and the subsequent price action. Profit is

50 USD

Trade Manager MT4 is an advanced position size calculator and trade management tool for MetaTrader 4, designed to help traders plan trades faster, control risk more precisely, and manage open positions directly from the chart. It combines order placement, risk based lot calculation, Stop Loss and Take Profit management, Break Even, Trailing Stop, Partial Close, Equity Protection, and external trade management in one panel. Whether you trade forex, indices, metals, commodities, or crypto, Trade M

99 USD

Trade Indicator Assistant is a powerful MT4 utility designed to turn indicators into automated trading systems. Its main feature is the ability to automatically detect an indicator’s BUY and SELL signal buffers , without requiring you to know the buffer numbers, search through indicator settings, or modify the indicator source code. Bonus Indicator: After purchasing Trade Indicator Assistant, contact me to receive Trade Signal Pro completely free as a bonus indicator. [Download Demo Version]

100 USD

Local Trade Copier EA MT4 is a fast and flexible trade copier for copying and managing trades between multiple MetaTrader 4 accounts on the same Windows computer or Windows VPS. It combines local trade synchronization with Receiver-side controls for lot sizing, risk management, trade filtering, symbol mapping, trade management and account protection. Set up your Transmitter and Receiver terminals in about 1 minute and copy manual or EA trades between accounts at the same or different brokers. U

50 USD

It helps to calculate the risk per trade, the easy installation of a new order, order management with partial closing functions, trailing stop of 7 types and other useful functions. Additional materials and instructions Installation instructions - Application instructions - Trial version of the application for a demo account Line function - shows on the chart the Opening line, Stop Loss, Take Profit. With this function it is easy to set a new order and see its additional characteris

50 USD

Professional Trade Copier for MetaTrader 4 Fast, professional, and reliable trade copier for MetaTrader 4 . COPYLOT helps you copy Forex trades between MetaTrader 4 and MetaTrader 5 terminals with flexible synchronization for different account setups. COPYLOT MT4 version supports: MetaTrader 4 to MetaTrader 4 MetaTrader 5 Hedge to MetaTrader 4 MetaTrader 5 Netting to MetaTrader 4 MT5 version Full Description + DEMO + PDF How To Buy How To Install How to get Log Files How To Test and Optimize A

75 USD

Telegram to MT4: The Ultimate Signal Copying Solution Streamline your trading with Telegram to MT4 , the cutting-edge utility designed to copy trading signals directly from Telegram channels and chats to your MetaTrader 4 platform—without the need for DLLs. This robust solution ensures seamless execution of signals with unparalleled precision and customization options, saving you time and boosting your efficiency. [ Instructions and DEMO ] [ FAQ ] [ How atach logs properly ] [Settings descrition

49 USD

Telegram to MT4 Multi-Channel Copier automatically copies trading signals from your Telegram channels straight to MetaTrader 4. No bots, no browser extensions, no manual copying. A signal arrives in Telegram and the EA opens the trade in your terminal within seconds. And before you copy a channel, the built-in backtester shows you what that channel would have done in your account. The product has two components: a Windows application that listens to your Telegram channels, and this Expert Advi

129.99 USD

Trade Copier is a professional utility designed to copy and synchronize trades between trading accounts. Copying occurs from the account / terminal of the supplier to the account / terminal of the recipient, which are installed on the same computer or VPS . PROMOTION - If you have already purchased the "Trade Copier MT4," you can receive the "Trade Copier MT5" for free (for copying MT4 > MT5 and MT4 < MT5). For more detailed information about the conditions, please contact us via private message

39 USD

MT4 to Telegram Signal Provider turns your trading account into a signal provider. Every trade action, whether manual, by EA or from your phone, is instantly sent as a message to Telegram. You can fully customize the format or use a ready-made template for quick setup. [ Demo ] [ Manual ] [ MT5 Version ] [ Discord Version ] New: [ Telegram To MT5 ] Setup A step by step user guide is available. Key Features Ability to customize order details sent to subscribers You can create a tiered subs

80 USD

Take a Break pauses your Expert Advisors when trading is a bad idea: before news, after a daily loss, outside your trading hours, or when a rule you wrote yourself says so. When the pause is over, your EAs simply continue. Account protection for all your EAs in one tool: news filter, drawdown and equity protection, time filter and custom rules. One EA on one chart protects the whole account, the free indicator gives every chart its own rules on top. Free demo | What is new in 26.09 | Support Ass

99 USD

Working Trial Download Copy Cat More Trade Copier MT4 is not just a simple local trade copier; it is a complete risk management and execution framework designed for today’s trading challenges. From prop firm challenges to personal portfolio management, it adapts to every situation with its blend of robust execution, capital protection, flexible configuration, and advanced trade handling. The copier works in both Master (sender) and Slave (receiver) modes, with real-time synchronization of

50 USD

Trading Panel for trading in 1 click. Working with positions and orders! Trading from the chart or the keyboard. Using our trading panel, you can trade in one click from the chart and perform trading operations 30 times faster than the standard MetaTrader control. Automatic calculations of parameters and functions that make life easier for a trader and help a trader conduct their trading activities much faster and more conveniently. Graphic tips and full information on trade deals on the chart

75 USD

Partial Closure EA MT4 allows you to partially close any trade on your account, manually by a chosen percentage of the lot size and/or by trade ticket, or automatically at specified percentages of the TP/SL level, closing a percentage of the initial lot size across up to 10 take profit and 10 stop loss levels. It can manage all or selected trades in your account by specifying or excluding certain magic numbers, comments, or symbols. Tip: Download the free demo version of the Partial Closure E

40 USD

Close If Profit or Loss with Trailing for MetaTrader 4 — automatic closing by total profit or loss A reliable trade-management utility for MetaTrader 4 that automatically closes positions when the total profit or total loss reaches the level you set. The Expert Advisor monitors open trades, calculates floating profit and loss, can trail profit, and helps close positions faster than manual reaction. MetaTrader 4 is still used by many manual traders, grid traders, scalpers, and Expert Advisor use

40 USD

Smart Copy is an Easy-to-Use EA that supports Multi Copying Metatrader4 and Metatrader5 and Local/Remote Copying. (Remote Version is coming soon) Free version is available on Smart Copy Local Free MT4 Specifications : Real Time, Multi Terminal - Multi Account - MT4/MT5 trade copying Copy from netting to hedge and hedge to netting is supported. Fast and instant copy All settings are input visually. Easy modifying symbol names, prefix, suffix Enable/Disable copying s

50 USD

Want automatically to put the pending order, take profit and stop loss? This EA will do it on your behalf! The Fibo Heart EA strategy will place limit order after the ‘check point’ breakout. The position will be triggered when the price make a successful retest. If not, the pending order will automatically deleted after price hit certain level. You also have option to enable market order (instant execution) and custom take profit in the inputs setting. This EA must be attached with Fibo Heart In

50 USD

The product will copy all telegram signal to MT4 ( which you are member ) , also it can work as remote copier. Easy to set up, copy order instant, can work with almost signal formats, image signal, s upport to translate other language to English Work with all type of channel or group, even channel have "Restrict Saving Content", work with multi channel, multi MT5 Work as remote copier: with signal have ticket number, it will copy exactly via ticket number. Support to backtest signal. How to

149 USD

Trade Panel is a multi-functional trading assistant. The app contains over 50 trading functions for manual trading and allows you to automate most trading tasks. Application instructions + video instructions: https://www.mql5.com/en/blogs/post/772292 Trial version of the application for a demo account: https://www.mql5.com/en/blogs/post/750865 How to install the application: https://www.mql5.com/en/blogs/post/756239 How to test the application in visual mode: https://www.mql5.com/en/blogs/post/7

79 USD

King Trade Copier connects MetaTrader terminals that run on the same computer or VPS. Trades opened on one account appear on the others. The file carries both roles, so the same download becomes the sender or a receiver depending on what you set Mode to. On every chart the panel states whether this terminal is sending or receiving, names the account on the other side, counts the receivers that answered, and gives the age of the last signal. An order that was not copied leaves its reason on the

50 USD

Currency strength meter for MetaTrader 4 This currency strength indicator reads up to 28 major pairs and turns them into one number per currency, for the 8 majors: USD, EUR, GBP, JPY, CHF, CAD, AUD and NZD. Instead of opening chart after chart to work out who is leading, you read one panel on your MetaTrader 4 chart and you know which currency is being bought and which one is being sold. What you see on the chart A ranked strength bar for each of the 8 currencies, with its percentage A multi-tim

49 USD

This is a program in the form of an EA that attaches to a chart in MetaTrader 4. Then, by using API from Bittrex, Binance websites, it downloads the history of altcoins. By selecting a pair name, the EA automatically downloads all time frames history (Daily,H12,H4,H2,H1,M30,M15,M5,M3,M1) so there is no need to attach multiple EAs to different charts. You can select one pair from Bittrex and 4 pairs from Binance exchange with one running EA and create up to 15 timeframes for 5 different pairs. Th

50 USD

Copier->Convenient and fast interface interaction, users can use it right away ->>>> Recommended to use on Windows computers or VPS Windows Features: Diversified and personalized copy trading settings: 1. Different lot modes can be set for different signal sources 2. Different signal sources can be set for forward and reverse copy trading 3. Signals can be set with comments 4. Whether to calibrate the lot according to the contract lot Diversified and personalized copy order settings 2: 1. Dif

68 USD

News Filter EA: Advanced Algo Trading Assistant News Filter EA is an advanced algo trading assistant designed to enhance your trading experience. By using the News Filter EA , you can integrate a Forex economic news filter into your existing expert advisor, even if you do not have access to its source code. In addition to the news filter, you can also specify trading days and hours for your expert. The News Filter EA also includes risk management and equity protection features

60 USD

Prop Guardian Risk Manager MT4 – Drawdown, Risk & Hedge Protection for Prop Firm and Managed Accounts Prop Guardian Risk Manager is a professional risk-control utility for MetaTrader 4, designed for prop firm traders, money managers and anyone who wants strict account-level risk protection. It does not generate trading signals, strategy entries or trading decisions. Instead, it runs in the background, monitors your account risk and can automatically block new exposure, close managed trades or ac

99 USD

EA Local Trade Copier Pro MT4: The Ultimate DLL-Free Trade Duplicator Are you tired of complicated trade copiers that require unsafe external DLLs, crash your terminal, or confuse you with separate "Master" and "Client" files? Experience the next generation of trade copying with EA Local Trade Copier Pro MT4. Engineered for maximum stability, lightning-fast execution, and ultimate simplicity, this utility allows you to seamlessly copy trades between multiple MetaTrader terminals on the same Wind

50 USD

Fast. Accurate. Innovative. Tech-Driven. Discover instant trade copying with the revolutionary X2 Copy MT4. With just a 10-second simple setup, you'll get a powerful tool for syncing trades between MetaTrader terminals on a single computer or Windows VPS with unprecedented speed. Whether you're managing multiple accounts, following signals, or scaling your strategy, X2 Copy MT4 adapts to your workflow with unparalleled precision and control. Work faster and more reliably with the most tech-drive

50 USD

Copier->Convenient and fast interface interaction, users can use it right away ->>>> Recommended to use on Windows computers or VPS Windows Basic functions: The normal interaction speed of copy trading is less than 0.5s Automatically detect signal sources and display a list of signal source accounts Automatically match symbols, 95% of commonly used trading symbols on different platforms (special cases such as different suffixes) are automatically matched, basically no manual settings are requ

50 USD

This is an automatic parameter optimizer for the Trend Line PRO indicator Easily and quickly you will select the optimal parameters for your favorite Trend Line PRO indicator. Optimization takes only a few seconds. The optimizer allows you to find the best parameters for each pair and period: Amplitude, TP1-TP3, StopLoss, as well as values for Time Filter and HTF Filter on the selected history section (Days) To optimize different timeframes, you need a different range of history: M5-M15

38 USD

Trade Dashboard simplifies how you open, manage, and control your trades, with built-in lot size calculation. It allows you to execute trades, manage risk, and control positions directly on the chart, with tools such as partial close, breakeven, and trailing stop. Designed to reduce manual work and help you stay focused on your trading decisions. A demo version is available for testing. Detailed explanations of features are provided within the MQL5 platform. Installation instructions are include

60 USD

Risk manager Risk manager - it will simplify the tracking of drawdown and will notify you (alert) when the specified risk is reached, and close/lock orders when the critical DD risk level is reached. If the specified drawdown is exceeded, you can choose two options for actions: All orders will be closed that mean loss will be fixed on depo. The terminal also closes. Instead of fixing the loss on depo, the opposite order will be opened - orders locking will occure. Not a single order will be c

70 USD

Drag three lines onto your chart, your entry, your stop loss and your target, and read the exact lot size for the risk you choose. It is a visual position size and risk calculator : the panel shows the money at risk in your account currency, the stop distance in points, and the reward-to-risk, all updating as you drag. Your levels are remembered between sessions , so the plan you set up is still there after a timeframe switch or a restart. No signals, no repaint. What it shows Lot size

A free position manager for MetaTrader 5. Attach it to a chart and it looks after the trades you already have open: it moves them to break-even , trails the stop as they run, and takes a partial close at your target. It never opens trades and never fires a signal. It only manages what is already there. What it does Auto break-even. Once a trade is a set number of points in profit, the stop jumps to entry, with an optional buffer so it locks a few points rather than exactly flat. Trai

No indicator makes you profitable on its own, and any product showing perfect arrows is just screenshotting the winners. This one will not sell you that. It is a no-repaint Smart Money Concepts (SMC) and ICT toolkit that reads the chart for you: market structure, order blocks, fair value gaps, liquidity, premium and discount, killzone sessions, and a multi-timeframe dashboard. You see the whole picture at a glance instead of marking it by hand, and you still make the call, just with the stru

A free countdown for MetaTrader 5. Attach it to any chart and it shows the exact time left on the current candle, a progress bar as the candle forms, and a live countdown for a whole set of higher timeframes at the same time. Accurate to the second, and out of your way. What it shows The exact time to the close. A big, live countdown on the current chart timeframe, ticking every second, with the last few seconds highlighted. A progress bar. See at a glance how much of the current candle has

Know which trading session is live, how long is left, and when the next one opens, with every session's high and low drawn on the chart. ICT Killzone and Session Tracker puts the trading day on your chart in GMT, so it reads the same on any broker, and it can alert you the moment a session or killzone opens or closes . No signals, no repaint. What it shows Live session panel with a GMT clock and a row for Sydney, Tokyo, London and New York, each showing active with the time left, or how

A free round-number indicator for MetaTrader 5. Attach it to any chart and it draws the psychological round-number price levels that traders watch, the major "00" figures as solid lines and the "50" half levels as dotted lines, each labelled with its price. It follows price automatically as the market moves. What it does Draws the round numbers for you. The major figures and the half levels around current price, so you never mark them by hand. Auto-scales to the instrument. It reads what you

See how far this market usually moves in a day, how much of that range it has already used, and where the day runs out of room. The Average Daily Range (ADR) Meter draws the projected day high and low on your chart and can alert you when price reaches one , or when the day has spent a share of its average range that you choose. No signals, no repaint, just the context that tells you whether there is still room to run. What it shows Average Daily Range over the last N days, the market's t

A free currency strength meter for MetaTrader 5. It ranks the eight major currencies (EUR, GBP, AUD, NZD, USD, CAD, CHF, JPY) by how they are actually moving across the 28 major pairs, and shows which are strong, which are weak, and which way each one is turning. It computes on closed bars only , so it does not twitch on every tick. It never trades and fires no signals. What it shows The eight majors ranked strongest to weakest, each with its strength value and a color-coded bar. Multi-timef

Close or protect every open trade with one click. One Click Close is a fast exit cockpit for MetaTrader 5. When you need to act right now you can close everything, take only your winners, cut only your losers, flatten one direction, move every trade to break-even, or clear your pending orders, each from a single button. It opens no trades and fires no signals. It acts only on the positions you already hold, and only when you click. What it does Close All open positions in one click Close Profit

Pivot points are support and resistance levels a large part of the market watches every session, and they are the same calculation on every chart. This Pivot Points tool builds them for you from the previous closed candle and draws them for you, with the central pivot, resistance and support each labelled and measured against current price. Three calculation methods Classic floor pivots: the standard central pivot, R1 to R3 and S1 to S3. Fibonacci : the pivot with resistance and support pr

A free basket closer for MetaTrader 5. If you run a grid, a hedge, or several trades toward one idea, you care about the whole basket, not each ticket. Attach this to a chart, set a total profit target, and it closes all your open trades at once the moment they add up to it. It opens nothing and fires no signal. What it does Close the whole basket at a profit target. When the combined profit of your open trades reaches your target, it closes them all together, in one pass. Optional loss li

The previous day's high and low, the weekly open, last week's range: the lines most traders redraw by hand every morning. Daily Weekly Monthly Key Levels draws them automatically from your broker's own candles and tells you how far price sits from each. Zoom in tight and nothing vanishes, because any level outside the view pins to the chart edge as a labelled price chip with an arrow. No signals, no repaint, no clutter. What it draws Previous day high, low and close. Previous week hi

A free scheduled closer for MetaTrader 5. Attach it to a chart, set a time, and it flattens your open trades for you: at a set time each day, before the weekend gap, or once a trade has been open too long. It opens nothing and fires no signal. It just gets you flat on the schedule you decide. Three ways to be flat Daily time close. Close every day at a time you set (server time), your session end, before rollover, whenever you want to be out. Weekend close. Be flat before the weekend gap. Pi

A free risk panel for MetaTrader 5. It watches the two rails that end most prop-firm accounts, the daily loss limit and the overall (max) loss limit , and shows you exactly how close you are, live, with progress bars and an alert before you breach. It never trades and fires no signals. It just keeps your limits in front of you. What it shows Today's P/L in account currency and percent, color-coded. Daily loss as a progress bar toward your daily limit, plus the exact cash room left befo

It manages the trade you opened by hand. Opened with F9, opened from the phone, opened by another EA, or placed from its own panel: it adopts the position and runs your rules on it. Break-even, up to three partial closes, a trailing stop and a loss limit that acts, on every tick, whether or not you are watching. And when it will not act, it tells you why , in plain words on the card, instead of leaving a control that silently does nothing. That includes refusing to hand you a lot size for a plan

30 USD

A free performance panel for MetaTrader 5. It reads your closed trade history and totals up the numbers most traders never actually calculate: net P/L, win rate, profit factor, average win vs loss, payoff, expectancy, best and worst. It shows the truth, good or bad. It never trades and fires no signals. What it shows Net P/L over the selected period, color-coded. Trades and win rate with the win/loss count. Profit factor , gross profit divided by gross loss. Average win and average l

Before you place a trade, this tells you what it will actually cost you: the spread and your commission converted into your account currency, at the lot size you are about to trade, on this broker and this symbol. MetaTrader already shows you the raw numbers. Right-click a symbol, open Specification, and the spread, the swap and the stop level are all there, free. What that dialog will not do is turn any of it into money at your size, and it will not sit on the chart and watch the spread move

30 USD

Filter:

No reviews

Daily Loss and Drawdown Risk Manager MT4

Amal Yuldashev