Market / MetaTrader 4 / Utilities /

Drawdown Close

FREE

Published: 15 March 2023

Current version: 21.6

Drawdown Close

This is a trade management EA that will close all your Open Orders (or both Open and Pending Orders) when your drawdown against balance exceeds a set percentage limit.

E.g. Balance = $10,000 and “DrawdownPercent” is set at 2.0, if floating P&L is greater than -$200.00, all Orders will be closed.

It will send a notification to you MT4 app on your phone (”Drawdown Percent Close triggered!”)

A text display is included for some visual feedback.

Basic notes: It only needs to be attached to one chart to function. Ideally attach to the same currency pair as the one you trade on. If trading on multiple pairs, attach it to the one with the most frequent ticks.

When using our Drawdown Close EA, consider joining our copy trading service on CopyFX to enjoy even greater trading success. As a member of our copy trading service, you will gain access to our professional trading strategies! Don't miss this opportunity to improve your trading performance and profits. Join our copy trading service today!
www.marcalbrechttrading.com

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148

FunChiii 2023.12.15 17:16 #

Simple but an awesome tool to have.

603

Natali Vandros 2023.07.10 10:34 #

I trade with an adviser and my adviser sometimes starts trading very aggressively and makes big drawdowns due to the fact that he starts making martingale trades. It's not often, but it happens. That's why I'm always in a nervous state. In this case, I started looking for an assistant in closing all transactions if the loss percentage reaches a certain value. And so I tried this adviser on a virtual account and this is what I need. Now I can safely leave my trading advisor and calmly understand that my deposit will be in perfect order. If I lose, then recovery will occur and profit will be achieved. The developer responded to my letter and explained that his Expert Advisor is what I need. Five Stars

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Filter:

148

FunChiii 2023.12.15 17:16 #

Simple but an awesome tool to have.

603

Natali Vandros 2023.07.10 10:34 #