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Drawdown Limiter Advanced

5

Whether you are a trader that use Expert Advisors (EA) or you trade manually, if you decided to obtain a funded account and you are going to start an evaluation phase with a Prop Firm (like FTMO, MyForexFunds, FundedNext and all the other ones available), you will surely need to pay close attention to put a daily drawdown limit.

That seems easy, at least in words, but dealing with the rigid rules of a Proprietary Firm leave no space for mistakes, distractions, emotional blindness or execution delays.

Right for this, the best way to manage your drawdown limit is using a program that is going to monitor your drawdown level automatically at all times and take the right actions to ensure you don't break any rules throughout the whole process of getting funded and then managing a funded account reducing the risk of losing it.

For you, the Drawdown Limiter - Advanced will:

  • Monitor the Daily Drawdown
  • Monitor the Overall Drawdown
  • Close all the positions once your drawdown limit is reached 
  • Delete all the pending orders once your drawdown limit is reached 
  • Advise you by e-mail (if you want to)
  • Prevent the breach of max daily drawdown rule when closing the day with realized profit but floating losses that would overcome the max daily drawdown of the next day.
  • Monitor the Balance / Equity a the start of a new range and the current level of it
  • Monitor the Realized and Unrealized Profits and Losses for the day measured in percentage and account currency

The graphic interface is very easy to understand and it show more than the essential information.

You can decide what to see by clicking the button to show more or show less.

PLEASE, consult the User Guide before relying on the Expert Advisor.


Comentarios 1
Ehsan
187
Ehsan 2024.05.03 23:07 
 

Very nice and prop firm conform product. Riccardo is extremely supportive and friendly. Can recommend this Tool !!

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ADAM EA Special Version for FTMO Please use ShowInfo= false for backtesting ! Our 1st EA created using ChatGPT technology Trade only GOOD and checked PROP FIRMS  Default parameters for Challenge $100,000 Tested on EURUSD and GBPUSD only  Use 15MIN Time Frame Close all deals and Auto-trading  before Weekend at 12:00 GMT+3  Friday For Prop Firms MUST use special Protector  https://www.mql5.com/en/market/product/94362 Signal using ADAM  https://www.mql5.com/en/signals/2190554 --------------------
MT5 To Notion
DaneTrades Ltd
5 (2)
Este programa te permitirá exportar todas tus operaciones de tu cuenta de MetaTrader directamente a Notion utilizando una interfaz de usuario muy amigable. Versión MT4  |  Guía de Usuario + Demo Para comenzar, utiliza la Guía de Usuario y descarga la Plantilla de Notion. Si deseas una Demo, por favor ve a la Guía de Usuario. ¡No funciona en el probador de estrategias! Principales Características Exporta todas las operaciones de tu cuenta de trading a Notion Exporta operaciones en curso y órdenes
Introducing TradingBoost AI : Revolutionize your trading experience with TradingBoost AI, an innovative software utility seamlessly integrated into the MetaTrader platform. Leveraging the cutting-edge capabilities of OpenAI and ChatGPT technologies, TradingBoost AI empowers traders with advanced analytics, real-time insights, and predictive tools to enhance decision-making and optimize trading strategies. Experience the future of trading with TradingBoost AI - where artificial intelligence meets
Averager FULL
Vladislav Andruschenko
4.9 (10)
Exp-Averager   está diseñado para promediar sus operaciones que han recibido una cierta reducción al abrir operaciones promedio. ¡El asesor puede abrir posiciones adicionales a favor y en contra de la tendencia! ¡Incluye un trailing stop promedio para una serie de posiciones! Están aumentando y disminuyendo el lote. Una estrategia popular para llevar posiciones no rentables al precio medio. Versión MT4 Descripción completa +DEMO +PDF Cómo comprar Cómo instalar     Cómo obtener archivos d
MT5 To Discord Sender
DaneTrades Ltd
5 (1)
¡Envía señales totalmente personalizables desde MT5 a Discord y conviértete en un proveedor de señales! Este producto se presenta en una interfaz gráfica fácil de usar y visualmente atractiva. ¡Personaliza tu configuración y comienza a usar el producto en minutos! Guía del usuario + Demo  | Versión MT4 |  Versión de Telegram Si quieres probar una demostración, ve a la Guía del usuario. El remitente de MT5 a Discord NO funciona en el probador de estrategias. Características de MT5 a Discord
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Ehsan
187
Ehsan 2024.05.03 23:07 
 

Very nice and prop firm conform product. Riccardo is extremely supportive and friendly. Can recommend this Tool !!

Respuesta al comentario
Versión 1.5 2023.10.06
Customizable Sizes Upgrade
Versión 1.4 2023.09.22
Daily Drawdown Reset Function Update
Versión 1.3 2023.09.04
Fully Customizable Colors
Versión 1.2 2023.08.30
Update on drawdown reset at specific time
Versión 1.1 2023.08.30
Fixed drawdown reset on daily bar start