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DrawDown Limiter MT4

5

Drawdown Limiter EA

You are in the right place if you were searching for Drawdown control, Drawdown limiter, Balance protection, Equity Protection or Daily Drawdown Limit related to Prop Firm, FTMO, or Funded account trading, or if you want to protect your trading account.

Have you suffered from controlling your drawdown when trading funded accounts? This EA is meant for you. Prop firms usually set a rule called “Trader Daily Drawdown”, and if it is not respected, you are disqualified. I am an EA automated trader, and I developed this utility to help me respect this rule, and I am proposing it here to help you too. This EA is ideal for protecting your balance if you are trading manually, via copy trading, or EA trading with a prop firm or on your own.

DrawDown limiter will help you in:

  1. Tracking the account drawdown
  2. Tracking the daily trader drawdown
  3. Prevent you from overtrading by limiting open position
  4. Alert you when you are taking high-risk trades
  5. Tracking your EA portfolio one by one
  6. And the most important is protecting your account from breaching the drawdown and overtrading threshold.

The expert advisor’s essential function is to monitor all the activities on the account, if it was a manual or automated trade by another expert advisor. In two clicks you can configure it. And once on your chart, you will first notice a "Traffic Lights" on your screen. It's "Traffic Lights" feature will keep you informed about the KPI in a simple graphical manner. The position and style of the traffic lights can is super customizable to match your chart's style.

"Draw Down Limiter" is designed to respect the major prop firm rules. The EA is compatible with FTMO. Please check how on this blog: FTMO rules compatible EA: DrawDown Limiter. If you are trading from the USA and you have FSA regulations to respect, DrawDown Limiter is compatible with the NFA FIFO rule. Please check the following blog for details:  DrawDown Limiter compliance with NFA Rule 2-43b FIFO rule


If you are interested to get a FREE EA that automatically toggle "Algo Trading" ON and OFF based on your drawdown, don't hesitate to contact me once you purchase DrawDown limiter to share it with you for free.

Need help or have questions? Check DrawDown Limiter User Guide

I am Lio, don't hesitate to reach out!  We are always available to respond, help, and improve.


Comentarios 9
Luca Madeddu
51
Luca Madeddu 2023.10.25 15:22 
 

Very Good compliments!!

juan antonio
243
juan antonio 2023.10.10 21:13 
 

All right, thanks

Enrico De Landerset
325
Enrico De Landerset 2023.10.09 21:40 
 

5 stars to the product that is simply perfect and 5.000 stars for the Author and his fantastic support.!

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Unlimited Trade Copier Pro is a tool to copy trade remotely between multiple MT4/MT5 accounts at different computers/locations over internet. This is an ideal solution for signal provider, who want to share his trade with the others globally on his own rules. One provider can copy trades to multiple receivers and one receiver can get trade from multiple providers as well. The provider can even set the subscription expiry for each receiver, so that receiver will not be able to receive the signal
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FiboPlusWaves
Sergey Malysh
5 (1)
Una línea de productos de la serie FiboPlusWave Sistema de comercio basado en ondas de Elliott y niveles de Fibonacci . Una solución simple y asequible. Visualización de marcación de ondas de Elliott (principal o alternativa) en el gráfico. Formación de niveles horizontales, líneas de soporte y resistencia, canal. Superposición de los niveles de Fibonacci en las ondas 1, 3, 5, A Sistema de alerta (en pantalla, correo electrónico, notificaciones push).    Peculiaridades : sin profundizarse en la
FTMO Sniper 4
Vyacheslav Izvarin
Dedicated for FTMO and other Prop Firms Challenges 2020-2023 Trade only GOOD and checked PROP FIRMS  Default parameters for Challenge $100,000 Best results on GOLD and US100  Use any Time Frame Close all deals and Auto-trading  before  US HIGH NEWS, reopen 2 minutes after Close all deals and Auto-trading  before Weekend at 12:00 GMT+3  Friday Recommended time to trade 09:00-21:00 GMT+3 For Prop Firms MUST use special Protector  https://www.mql5.com/en/market/product/94887 -------------------
News Trapper EA
Noha Mohamed Fathy Younes Badr
5 (6)
Hola a todos. News trapper EA es un experto para el comercio de noticias OFERTA LIMITADA: ¡Precio 49$ solo por 10 copias! Siguiente precio 99 no puedes hacer back test porque las noticias son eventos futuros Experto muy seguro pone Ajustes tasa de interés solamente o noticias de alto impacto para Trading Automatizado en las noticias del calendario económico. Muestra un comercio estable durante los últimos 10 años. EA no utiliza tecnologías peligrosas como martingale, grid. El Experto es muy simp
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Haidar, Lionel Haj Ali
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Filtro:
Luca Madeddu
51
Luca Madeddu 2023.10.25 15:22 
 

Very Good compliments!!

Haidar, Lionel Haj Ali
14409
Respuesta del desarrollador Haidar, Lionel Haj Ali 2023.10.25 15:32
Thanks a lot, I am very happy to see your review! Anything you need just let me know.
juan antonio
243
juan antonio 2023.10.10 21:13 
 

All right, thanks

Haidar, Lionel Haj Ali
14409
Respuesta del desarrollador Haidar, Lionel Haj Ali 2023.10.10 21:30
Thanks a lotb⭐⭐⭐⭐⭐
Enrico De Landerset
325
Enrico De Landerset 2023.10.09 21:40 
 

5 stars to the product that is simply perfect and 5.000 stars for the Author and his fantastic support.!

Haidar, Lionel Haj Ali
14409
Respuesta del desarrollador Haidar, Lionel Haj Ali 2023.10.09 21:42
Hey, you made my day with this review! Thanks a lot. Looking to have more awesome clients like you that will benefit from this EA
bl4ck0pal55
154
bl4ck0pal55 2023.09.02 13:50 
 

Best drawdown limiter on the market! It works perfectly and might help you on your trading journey. Easy to understand and the support is really fast.

Haidar, Lionel Haj Ali
14409
Respuesta del desarrollador Haidar, Lionel Haj Ali 2023.09.02 13:51
Awesome review, thanks a lot 👍
Viachaslau Kulakou
421
Viachaslau Kulakou 2023.07.18 17:46 
 

Excellent product

Haidar, Lionel Haj Ali
14409
Respuesta del desarrollador Haidar, Lionel Haj Ali 2023.07.18 17:48
Thanks a lot
marpl
51
marpl 2023.07.13 18:53 
 

I definitely recommend this product. It is perfect for my challenges as well as for securing my private account. Very good service and help with startup and installation. Great choice. Thank you

Haidar, Lionel Haj Ali
14409
Respuesta del desarrollador Haidar, Lionel Haj Ali 2023.07.13 23:01
Thanks a lot for your review! Much appreciated!
Wes Joe
23
Wes Joe 2023.05.27 18:56 
 

Excellent EA - Very happy with it! Haidar is also very responsive and helpful as an author.

Haidar, Lionel Haj Ali
14409
Respuesta del desarrollador Haidar, Lionel Haj Ali 2023.05.27 19:00
Grateful for your review! Thanks a lot.
RUTTO2
370
RUTTO2 2023.05.16 21:30 
 

The EA is excellent. It really helps against excessive risks or overtrading. It helps you know your current status. I like it

Haidar, Lionel Haj Ali
14409
Respuesta del desarrollador Haidar, Lionel Haj Ali 2023.05.16 21:34
Hey, thanks for your review, I am glad that you liked the EA!
ieik99
30
ieik99 2023.05.15 14:49 
 

This EA is a real gem. It is a fundamental tool for any trader, being able to have an automatic brake allows you to maintain an excellent risk management by having a maximum daily loss and maximum amount of trades at the same time. In my particular case it was an incredible help when I had to get out of a drawdown, since then I always keep it active. ABSOLUTELY recommended !!!

Haidar, Lionel Haj Ali
14409
Respuesta del desarrollador Haidar, Lionel Haj Ali 2023.05.15 14:51
Thanks a lot for your review and recommendation.
Respuesta al comentario
Versión 3.9 2024.03.04
In addition to the default option to track the current range profit/loss, a new option to track daily starting equity and high water equity
Add more precision to the way drawdown is triggered
Add code optimization for faster reaction
Add capacity to run checks on tick
Add some log messages for when drawdown is reached
Versión 3.8 2024.01.05
⚠️Correction of a bug related to the auto-close feature
⚠️Correction of labels in the display messages
Versión 3.7 2023.10.11
Set by default the flag to activate the rollover security zone to false
Solve bug of closing trades in rollover security zone when DD is set in money
Solve bug of closing trades in rollover security zone when multiple instances of DD limiter are used
Adding auto-close trades on a specific day and time
Versión 3.6 2023.08.12
Security Zone has it is own percentage, and user can decide to close all trades in the security zone with a lower percentage than the daily DD
One instance of DD limiter can now manage multiple EA
Better labeling of the DD details panel
Adapt the traffic light to 4K screen resolution
Solve race condition between DD limiter and Algo Trading Disabler - Algo trading will only be disabled after all positions are closed by DD limiter
Versión 3.5 2023.07.13
Better handling reset when using a specific range
Optimization of checks to consume less memory and cpu
Versión 3.4 2023.07.06
Edge case, Bug related to closing pairs like XAUUSD and XPDUSD
Versión 3.3 2023.07.05
Adding control by EA number so you can manage drawdown by a given EA (portfolio management)
Adding the capacity to launch multiple DrawDown limiters on the same account (make sure to choose different magic numbers)
Solve a minor issue in commission Calculation for MT5 only
Extra check on inputs before starting the EA
Add close of charts if DD reached
Adjust the decimal display in the details view to take two decimals for DDD and GDD
Versión 3.2 2023.06.24
Add decimals to "Max % or Money Value" in risk per trade section
Versión 3.1 2023.06.07
Adding the feature to alert the user when a trade is set with no stop loss
Adding the feature to alert the user when a trade is not respecting the user's risk per trade, % from balance, % from equity, or money value
Versión 3.0 2023.05.23
The Traffic light position and colors are now customizable to allow it to match your style
All actions taken by the EA can also be sent as push notifications - make sure to have the proper configuration in the tools -> options menu
DrawDown Limiter is now NFA FIFO compatible
Add the checks of floating Profit of open position before end of the day: End of Range Security Zone
Add the option to calculate daily drawdown from which is higher equity or balance on range reset
Versión 2.32 2023.05.15
If you are using the "DrawDown limiter" from another EA, you can also depend on it when MAX consecutive trades or Max range trades are reached
This version gives priority to the drawdown check, then the max position in the range, and then the max open positions
This version solves blinking when comments are active
Versión 2.31 2023.05.07
Minor performance enhancement - Remove a print info of open position in the logs
Versión 2.3 2023.04.15
Partial take profits are no more considered unique trades (some limitations on MT4, please read the blog)
Adding an option to manage global account drawdown and its traffic light
Adding the possibility to monitor open positions and traffic light
Remove the option of a confirmation message before the terminal close when the threshold is reached as not useful in the current state
Adding the possibility to close extra trades on tick
Versión 2.2 2023.04.07
- Adding customization for text
- Adding a feature to hide text and gain space on charts
- Adding Traffic Lights to informed about your drawdown and trades threshold
Versión 2.1 2023.04.04
Adding Drawdown calculation as fixed money value
Adding a max number of trades per range
Adding different option to prevent overtrading (I do recommend you to learn discipline)