Drawdown Manager MT4
- Utilitaires
- Biswarup Banerjee
- Version: 7.0
- Mise à jour: 24 avril 2024
- Activations: 20
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
General Settings
Magic Number
- Enable Magic Number: Set to true to enable Magic Number functionality.
- Magic Number: Enter a unique identifier for the EA.
Trading Options
- Delete Pending Order After Bars: Specify the number of bars before pending orders are deleted.
- Loss Amount: Set a fixed loss amount to limit losses.
- Loss Percent: Set a percentage-based loss limit.
Swap and Commission
- Check Swap and Commission: Enable to check for swap and commission.
Safeguard Settings
Maximum Limits
- Max Open Trades: Set the maximum number of open trades.
- Max Long Trades: Set the maximum number of long trades.
- Max Short Trades: Set the maximum number of short trades.
- Max Pending Orders: Set the maximum number of pending orders.
- Max Drawdown Percent: Specify the maximum allowable drawdown percentage.
- Max Trades Per Day/Week/Month: Set limits on the number of trades for each period.
- Enable/Disable Closed Trades in Drawdown Calculation-When false then it will calculate the drawdown based on running trades only, not the closed trades
Daily, Weekly, and Monthly Drawdown Limits
- Daily Drawdown Percent: Set a daily drawdown limit.
- Weekly Drawdown Percent: Set a weekly drawdown limit.
- Monthly Drawdown Percent: Set a monthly drawdown limit.
Actions Settings
Close Trades and Terminal Options
- Close Trades: Enable or disable the automatic closure of all trades during a drawdown.
- Close Charts: Enable or disable closing all open charts.
- Close Terminal: Enable or disable closing the trading terminal.
- Close Highest Loosing Trade- When set to true then only closes the highest loosing trade, rest will be opened
Display Settings
Dashboard and Panel Customization
- Show Dashboard: Toggle the visibility of the dashboard.
- Panel Width and Height: Adjust the width and height of the dashboard panel.
- Text Size: Set the text size for better readability.
- Title, Label, and Value Colors: Customize the colors for titles, labels, and values.
Alert Settings
Notifications and Alerts
- Allow Alert: Enable or disable alert notifications.
- Allow Notification: Enable or disable system notifications.
- Allow Email: Enable or disable email notifications.
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.
"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."