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EA Drawdown Limiter MT4

30 USD

Versione demo scaricata: 4

Pubblicato: 1 novembre 2023

Versione attuale: 1.1

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EA Drawdown Limiter MT4

Utilità
Mr James Daniel Coe
Versione: 1.1
Attivazioni: 5

Click here to see my best trading robot: Prosperity MT5!
Prosperity MT4 version

Some EAs we use are great, but sometimes they don't have built-in drawdown limiters internally that just affect the EA. Other DD limiters operate on the whole account, this one is designed specifically so one EA (designated by the magic numbers it uses) can be monitored and closed off if it reaches a certain DD limit.

1. Find the magic numbers the EA uses. Normally (including for martingale / grid EAs) they start with a base number and go up. Right-click 'Columns' in your terminal and select 'Magic Number' to see which number(s) your EA uses.

2. Open a blank EURUSD or other popular chart select the 1min timeframe (recommended), then add EA Drawdown Limiter to that chart. Input the Base Magic Number your EA uses in the 'EA Tracking ID / Base Magic Number' box, and enter the account balance drawdown you want to limit the EA to.

3. When EA Drawdown Limiter finds trades from the EA's Magic Number are exceeding the balance drawdown you've entered, EA Drawdown Limiter will close all of the EA's trades.

And that's it! I hope this Utility serves you well, enjoy :)

FAQ

Does EA Drawdown limiter need to be attached to a chart of the same pair the EA uses?

No, it can be attached to any pair chart, I recommend EURUSD M1. It DOES have to be attached to a chart within the same terminal and account that the EA you want to control is using.

Some details were changed either by me or every tick, why haven't the numbers in EA DD Limiter changed yet?

EA DD Limiter only updates at the frequency of once per bar of the chart it's attached to. If it's attached to an M30 chart, it will only update every 30 minutes, for M1, it will update every minute (this is to save processing power). Please note, it will also only check to see if it needs to close your EA trades at the frequency of the chart bars too. Because we're dealing with drawdown limits, this is why I recommend the most frequent chart, M1.

Should I test EA Drawdown Limiter works with my account before relying on it in my live account?

YES! It's important to make sure it closes your EAs trades / everything works as expected. I recommend you input the EA's Base Magic Number and select '0.01' as the DD limit percentage. Then when your EA opens a trade and it goes into drawdown, the EA should close the trade quickly, and you should find the trade making a small loss in your trade history tab. This is a successful test.

What does the 1-+20 mean for Magic Numbers?

For most EAs, they will trade using the EA ID or Magic Number as a base number, then subsequent trades will be made with numbers going up from there, e.g. Basic Magic Number = 10001. Trade 1 = 10001, trade 2 = 10002, 3 = 10003, etc. EA Drawdown limiter covers / monitors all of these trades up to the 20th one, e.g. 10021.

MY PRODUCT LINKS

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Il pannello di trading si limita alla gestione degli ordini, sia aperti tramite pulsanti che aperti dall'utente. Semplice e conveniente nella raccolta. Completerà qualsiasi acquirente. Consiglio di usarlo in tandem con l'indicatore Gold Stuff. Imposta il trading come ordini singoli e costruisci una griglia a distanza. Per creare una griglia standard, è sufficiente impostare una grande distanza, ad esempio 10000. I risultati in tempo reale possono essere visualizzati qui. Contattami subito d

149 USD

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

69 USD

SULLA SCIA DEL SUCCESSO DEL MIO POPOLARE EA GRATUITO 'CAD SNIPER'... VI PRESENTO CAD SNIPER X! MIGLIAIA DI OPERAZIONI IN PIÙ | NESSUNA LIMITAZIONE DEL BROKER | STATISTICHE MIGLIORI | STRATEGIE MULTIPLE Inviami un MESSAGGIO PRIVATO dopo l'acquisto per il manuale e un bonus gratuito DUE STRATEGIE IN UNA PER AUDCAD, NZDCAD, GBPCAD e CADCHF La strategia 1 può essere utilizzata con qualsiasi broker, fa trading molto più frequentemente ed è la strategia predefinita per CAD Sniper X. Ha

79 USD

LA NUOVISSIMA VERSIONE AGGIORNATA DI CAD SNIPER, ' CAD SNIPER X ' È APPENA STATA LANCIATA! Migliaia di operazioni in più | Nessuna limitazione del broker | Statistiche migliori | Strategie multiple Dai un'occhiata qui: https://www.mql5.com/en/market/product/111918 CAD Sniper è progettato per un solo broker popolare (vedi immagini). Può anche essere testato con altri, ma i risultati possono variare. Goditi CAD Sniper come prodotto gratuito ;) Inviami un messaggio privato subito dopo il d

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High growth, low draw-down bot. Great for beginners AND pros. 5 COPIES LEFT - NEXT PRICE $999 Contact me after purchase for group info, manual and a personal bonus! Prosperity live fund, real money (>$2,000) signal: CLICK HERE ABOUT A rare diamond in a sea of EAs - 4x improvements in most backtest stats. We read descriptions saying 'no martingale, grid, or 'AI'' - I offer alternate parameters... Original EA No history reading No .set files changing constantly, all built-in as default Not an 'e

599 USD

Click here to see my best trading robot: Prosperity MT5 ! Prosperity MT4 version Some EAs we use are great, but sometimes they don't have built-in drawdown limiters internally that just affect the EA. Other DD limiters operate on the whole account, this one is designed specifically so one EA (designated by the magic numbers it uses) can be monitored and closed off if it reaches a certain DD limit. 1. Find the magic numbers the EA uses . Normally (including for martingale / grid EAs) the

30 USD

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