Drawdown Protector

5

Drawdown Protector is a utility tool used to manage your desired Max Daily Drawdown.

In the era of prop firms and challenges, it's highly important to be aware of daily drawdown limits. It's an effective EA that is simple to use for Equity Drawdown Management and prevention of revenge trading. 

Input parameters:  
  • How many Hours to block trading? - Here, you set how many hours you want the EA to block new trades, after the Daily % Drawdown is breached. Value must be >0.
  • Block trading until the next calendar day? - Yes/No (double click to change it). Here, you set if you want the blocking of new trade to take up to the new calendar day (midnight on server's timezone), regardless of the input above (Hours to block trading).
    In case that this input is set to "Yes" and you have also set "hours to block trading" with the input above, the trading will be allowed again on the earliest time out of the two parameters.
  • Daily % Drawdown - Here you set the Maximum Daily Drawdown in 0.0% format (i.e. 1.5%) that you want as a limit.
  • Daily Dollar $$ Drawdown - Here you set the Maximum Daily Drawdown in Daily Dollar $ format (i.e. $100) that you want as limit. SOS: Either this parameter or the Daily % Drawdown above, should have a value, and the other be at zero (0).
  • Daily % Profit - This is at 100+% by default. Essentially if your account reaches that profit target for the day, it'll disable any more trading. I.e. setting it at "3" means that when +3% profit is reached in the entire account, the trading will be blocked.
  • Send Mobile Notification: If "true", the EA will send you notifications through your Mobile MT5 app. Make sure you've connected it with your computer's terminal. (I have attached a screenshot of a test notification, for illustration purposes)
  • Alert on Terminal: If "true", the EA will send alerts in a new window when new patterns form, or when there's an error with a trade order.
  • Print on Journal: If "true", the EA will print in the Journal tab of the terminal. It's the lowest form of communication between the user and the EA.

Make sure you have enabled "Algo trading" from both "Common" tab on the EA settings, AND from the top side of the MT5 terminal. (The EA on the top right of the chart should have a blue hat, not grey)

The "Demo Version" can't work on MT5 backtesting simulation, only in live markets. That's true for most of the Utility EAs out there, and it's not a problem of this EA.

Please feel free to contact me through my MQL5 profile (by clicking on my name at the top of this page) if you have any question, issue, or a request about an additional feature. Trade safely!

You can check my Website for the full list of Metatrader tools I provide.




Reviews 2
learning2tradefx
34
learning2tradefx 2025.09.29 17:09 
 

Awesome product and outstanding support from Konstantinos! He is always extremely prompt in responding to any questions. I highly recommend this product for two main reasons: It works exceptionally well and fully meets my needs. Konstantinos is wonderful to work with—always quick, helpful, and responsive. I truly appreciate the excellent support. Thank you very much!

Edit: I requested the addition of a daily max drawdown option based on a fixed dollar amount, alongside the existing percentage-based setting, as I find it more intuitive to manage my daily loss in dollar terms. Kostantinos implemented this feature swiftly, and I’m incredibly grateful for his responsiveness. Thank you so much — I truly appreciate it!

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Trading Panel for MetaTrader 5 — professional one-click trading from chart and keyboard A powerful trading panel for active manual trading, designed to open, manage, and close trades far faster and more efficiently than the standard MetaTrader interface. This panel is built for traders who want full control over positions, pending orders, profit management, and trading execution inside one professional workspace. This is not just another utility. It is a complete trading cockpit for MetaTrader
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Levi Dane Benjamin
4.53 (15)
Utilities
Copy trade signals from Telegram channels you already belong to (including private and restricted channels) directly into MetaTrader 5. Set your risk rules once, monitor execution, and manage positions with built-in protections designed to reduce mistakes and overtrading. Fast setup : configure your channels, select what to copy, and start within minutes using a clean on-chart interface. User Guide + Demo | MT4 Version Who this is for Traders who follow one or more signal providers and want cons
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Leolouiski Gan
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This product filters   all expert advisors and manual charts   during news time.  It is able to remove any of your EA during news and automatically reattach them after news ends. This product also comes with a complete  order management system   that can handle your open positions and pending orders before the release of any news. Once you purchase   The News Filter , you will no longer need to rely on built-in news filters for future expert advisors, as this product can filter them all from her
Trade Manager DashPlus
Henry Lyubomir Wallace
4.85 (13)
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DashPlus is an advanced trade management tool designed to enhance your trading efficiency and effectiveness on the MetaTrader 5 platform. It offers a comprehensive suite of features, including risk calculation, order management, advanced grid systems, chart-based tools, and performance analytics. Key Features 1. Recovery Grid Implements an averaging and flexible grid system to manage trades during adverse market conditions. Allows for strategic entry and exit points to optimize trade recovery
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Alfiya Fazylova
4.73 (22)
Utilities
Grid Manual is a trading panel for working with grid strategies. The utility is universal, has flexible settings and an intuitive interface. It works with a grid of orders not only in the direction of averaging losses, but also in the direction of increasing profits. The trader does not need to create and maintain a grid of orders, the utility will do it. It is enough to open an order and the "Grid manual" will automatically create a grid of orders for it and will accompany it until the close. F
Trump Shock Guard
Thomas Christoph Lipka
Utilities
TRUMP SHOCK – Real-Time Market Protection for MT5 TRUMP SHOCK is a MetaTrader 5 risk-management utility designed to react to sudden market-moving news and unexpected volatility. Markets such as Gold, Oil and USD-related instruments can move within seconds following major political statements or breaking news. TRUMP SHOCK monitors important Truth Social posts and general breaking news and can automatically trigger predefined protective actions in MetaTrader 5 — helping you reduce unwanted exposur
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News Filter Protector is designed to protect your from having open positions/orders on news announcements. In today's world where news can cause unpredictable volatility and extended losses, such a tool is very helpful for your peace of mind since you don't need to check the calendar ever again!  Let's go through the Inputs of the EA to get an understanding of how each parameter works: --------------------------------News Settings-------------------------------- Currencies of the News to Filter
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Konstantinos Kalaitzidis
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This Expert Advisor helps enforce disciplined risk management by preventing new trades from being opened once a specified cumulative lot size across all open positions is reached. Designed for MT5, the EA continuously monitors the account’s active trades and calculates the total lot size. If the total exceeds the predefined limit, the EA temporarily blocks the execution of new market or pending orders. This is particularly useful for traders who want to control exposure/emotions during high-vola
Revenge Trading Protector
Konstantinos Kalaitzidis
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Revenge Trading Protector is a simple but effective tool for traders who can fall victim to revenge trading. Being a day-trader myself, I understand the psychological aspect of revenge trading and the desire to cover the losses. So, I developed this tool (that I use myself too) to be 100% sure I’m able to remain patient after a loss and not make irrational trading decisions. When you take a loss, the Revenge Trading Protector EA prevents you from opening another order (either limit order, sto
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learning2tradefx
34
learning2tradefx 2025.09.29 17:09 
 

Awesome product and outstanding support from Konstantinos! He is always extremely prompt in responding to any questions. I highly recommend this product for two main reasons: It works exceptionally well and fully meets my needs. Konstantinos is wonderful to work with—always quick, helpful, and responsive. I truly appreciate the excellent support. Thank you very much!

Edit: I requested the addition of a daily max drawdown option based on a fixed dollar amount, alongside the existing percentage-based setting, as I find it more intuitive to manage my daily loss in dollar terms. Kostantinos implemented this feature swiftly, and I’m incredibly grateful for his responsiveness. Thank you so much — I truly appreciate it!

Konstantinos Kalaitzidis
7746
Reply from developer Konstantinos Kalaitzidis 2025.09.29 18:26
Thank you so much for your kind review! I'm glad you enjoy the EA!
Williams Southwood
23
Williams Southwood 2023.08.07 22:24 
 

User didn't leave any comment to the rating

Konstantinos Kalaitzidis
7746
Reply from developer Konstantinos Kalaitzidis 2023.08.09 01:20
I'm happy you're satisfied with the EA! Thank you!
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