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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.


Avis 1
Ehsan
191
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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4 (7)
The Expert Advisor will protect your account from unexpected losses by constantly monitoring the equity and follow the rules as per input in the parameters.   When the rules are breached the EA will close all trades.   You can set the EA to close all trades at a certain percentage or money loss, or to close at a certain percentage or money profit.   This utility is very useful for Prop Trading Challenges to keep the draw down low and to protect your equity! My signals and other products can b
Exp COPYLOT CLIENT for MT5
Vladislav Andruschenko
3.76 (17)
Le copieur commercial pour MT5 est un copieur commercial pour la plate-forme МetaТrader 5   . Il copie les transactions de change   entre       tous les comptes   MT5   -   MT5, MT4   -   MT5 pour la version COPYLOT MT5 (ou MT4   -   MT4 MT5   -   MT4 pour la version COPYLOT MT4) Copieur fiable ! Version MT4 Description complète   +DEMO +PDF Comment acheter Comment installer     Comment obtenir des fichiers journaux     Comment tester et optimiser     Tous les produits de Expforex Vous po
MT5 To Notion
DaneTrades Ltd
5 (2)
Ce programme vous permettra d'exporter toutes vos transactions de votre compte MetaTrader directement dans Notion à l'aide d'une interface utilisateur très conviviale.  Version MT4  |  Guide de l'utilisateur + Démo Pour commencer, veuillez utiliser le guide de l'utilisateur et télécharger le modèle Notion. Si vous souhaitez une démo, veuillez consulter le guide de l'utilisateur. Ne fonctionne pas dans le testeur de stratégie ! Fonctionnalités principales Exporter toutes les transactions de votre
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Ehsan
191
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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Version 1.5 2023.10.06
Customizable Sizes Upgrade
Version 1.4 2023.09.22
Daily Drawdown Reset Function Update
Version 1.3 2023.09.04
Fully Customizable Colors
Version 1.2 2023.08.30
Update on drawdown reset at specific time
Version 1.1 2023.08.30
Fixed drawdown reset on daily bar start