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Drawdown Manager MT4

5

Welcome to the Drawdown Manager MT4, a equity protector – A powerful MetaTrader 4 Expert Advisor designed to manage trades and safeguard your trading account. This tool is equipped with various settings to enhance your trading experience and protect your investments, making it particularly useful for proprietary trading firms.

MT5 version is avaialble here

Features:

General Settings: Configure essential parameters such as the Magic Number for identification and various trading options like setting fixed loss amounts or percentage-based limits.
Swap and Commission: Enable the checking of swap and commission charges to ensure they align with trading strategies.
Safeguard Settings: Implement maximum limits on open trades, long and short positions, pending orders, and drawdown percentages to manage risk effectively. Additionally, set limits on the number of trades per day, week, or month.
Actions Settings: Enable automatic closure of trades during drawdowns, adjust chart visibility, and control terminal closure. Optionally, specify whether to close only the highest losing trade.
Display Settings: Customize the appearance of the dashboard, including panel dimensions, text size for readability, and colors for titles, labels, and values.
Alert Settings: Enable notifications for alerts, system notifications, and email notifications to stay informed about trading activities and potential issues.


Conclusion

The EA Utility Tool is a comprehensive solution for managing trades and protecting your trading account, making it an invaluable asset for proprietary trading firms. Configure the settings according to your trading strategy and risk tolerance to optimize your trading experience.

For support or additional information, please contact our dedicated support team.


Comentarios 1
skycheok
49
skycheok 2024.04.12 07:28 
 

"Drawdown Manager MT4 is a vital asset for traders. Its customizable settings and precise risk management capabilities safeguard trading accounts effectively. Seamlessly integrating into MetaTrader 4, it provides peace of mind during volatile markets. With intuitive controls and thorough documentation, it's accessible to traders of all levels. A must-have tool for protecting equity and enhancing trading confidence."

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ADAM for FTMO 40
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ADAM EA Special Version for FTMO  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/94887 Signal using ADAM  https://www.mql5.com/en/signals/2190554 --------------------------------------------------------------
Virtual Grid
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Double top and bottom indicator is a pattern scanning indicator which scans the tops and bottoms using zig zag pattern. When it find price bouncing back from the same point twice after a long trend then it generate arrow signals whenever the last resistance points is broken for double bottom and last support price broken for double top. Unlike other top bottom scanner it does not give only 1 signal. it alerts user when ever the last support /resistance is broker from double top/bottom pattern un
This is a pure grid strategy which completely works on pricelevel. So the idea behind this simple algo is when it starts it places 6 orders.  Buy- Current price Sell- Current price BuyStop-  Current price+ Some Pip Configurable distance Sell Limit -   Current price+ Some Pip Configurable distance BuyLimit-    Current price- Some Pip Configurable distance SellStop -     Current price- Some Pip Configurable distance When any order hits its take profit it fill the gap with pending order. and Wh
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skycheok
49
skycheok 2024.04.12 07:28 
 

"Drawdown Manager MT4 is a vital asset for traders. Its customizable settings and precise risk management capabilities safeguard trading accounts effectively. Seamlessly integrating into MetaTrader 4, it provides peace of mind during volatile markets. With intuitive controls and thorough documentation, it's accessible to traders of all levels. A must-have tool for protecting equity and enhancing trading confidence."

Respuesta al comentario
Versión 7.0 2024.04.24
Close terminal reclosed problem resolved
Versión 6.0 2024.04.22
fixed the max open orders
Versión 5.0 2024.04.22
drawdown calculation converted to negative logic
Versión 4.0 2024.04.12
Fix applied for
Daily , Weekly and Monthly Drawdown Percent Closure
Versión 3.0 2024.03.22
fix highest loss logic
Versión 2.0 2024.03.22
By default magic number filter is disabled

New inputs added
Enable/Disable Closed Trades in Drawdown Calculation(When false then it will calculate the drawdown based on running trades only)
Close Highest Loosing Trade- (When set to true then only closes the highest loosing trade, rest will be opened)