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Daily Drawdown Limit EA Prop Firm trading MT5

60 USD

Demo downloaded: 52

Published: 11 August 2022

Current version: 2.0

Daily Drawdown Limit EA Prop Firm trading MT5

Item: Daily Drawdown Limit EA Prop Firm trading MT5
Rating: 5
Author: carryyyyyyy

Utilities
Mathieu, Frede Alfaro
Version: 2.0
Updated: 1 September 2022
Activations: 5

Drawdown Limit EA Prop Firm trading MT5

If you found this EA, it's probably because you want to get a funded account with a prop firm, but you see a rule that most of traders fear : Maximum Daily Drawdown.

I've been through this problem myself as I'm a prop firm trader and I've made a bot to solve this rule, and you can get it to solve this problem too.

How does it work ?

When you first setup this EA, you need to input the initial deposit which corresponds to the size of your funded account. For exemple if you get a 10k$ funded account, you input 10k.
Then, you input the maximum daily drawdown. In most prop firms, the daily drawdown is 5%, but to have a little margin you can input 4,8%. This means that the bot will stop any trades if you lose 480$ in a day. This value never changes as the calculation is not made with your balance, it is made with the initial deposit because most prop firms work that way.
When a trade opens, it will automatically display your daily profit/loss.
It will automatically close every position if your daily drawdown EQUITY reaches the amount you've set up before.
If a position opens it will directly close it and this will be the case until 11PM CEST.
When we go past this time, the daily profit/loss comes back to 0 and it can start trading again by accepting new positions.

This EA is perfect for those who do copy trading or EA trading with a prop firm because it will follow the rules the prop firm wants you to follow.

If you have any questions about it you can contact me. I answer in the day !

more...

115

carryyyyyyy 2022.11.17 14:29 #

Very helpfull EA for safe trading or prop firm challenges. Seller is very nice and answered my questions. In addition, he will work on a MT4 version at my request. Thank you!

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115

carryyyyyyy 2022.11.17 14:29 #

Very helpfull EA for safe trading or prop firm challenges. Seller is very nice and answered my questions. In addition, he will work on a MT4 version at my request. Thank you!

493

Reply from developer Mathieu, Frede Alfaro 2022.11.17 14:54 #

Thank you very much for your rating ! Really appreciate it, I'm currently working on the MT4 version !

Version 2.0 2022.09.01

This is out latest update, this is the unlimited version.