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Control Subsidence MT5

This is a simple Expert Advisor for controlling drawdown of positions. It is attached to one chart and monitors all open positions. If the drawdown (in percent) of a position exceeds the value specified in the settings, the losing positions are closed.

If position closure fails, an Alert with the error code will be generated.

It has six parameters:

  • Percent - percent of allowable drawdown in one position;
  • Slippage - slippage during position closure.
  • ShowInfo - display information on the chart;
  • PositivProfitColor - text color for positive profit;
  • NegativProfitColor - text color for negative profit;
  • Corner - snap corner for the text
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