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Drawdown Protector MT4

50 USD

Versione demo scaricata: 1

Pubblicato: 9 marzo 2024

Versione attuale: 1.22

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Drawdown Protector MT4

Utilità
Konstantinos Kalaitzidis
Versione: 1.22
Attivazioni: 20

Drawdown protector is used to manage your desired Max Daily Drawdown. It's a highly valuable tool for traders, especially for prop firm traders, you need to be careful of the drawdown limits. It's an effective EA that is simple to use for Equity Drawdown Management purposes.

It works by blocking new trades - and closing existing trades, when the floating Equity (not Balance) exceeds the Daily Loss limit you've set. Also, you can set a Maximum Loss Limit for a SINGLE trade, which if exceeded, it'll block trading until the next calendar day.

The user inserts the value of the 3 parameters:

Daily Loss Limit in $: Maximum Loss in Nominal Currency (I use "$" just for example purposes). It's the maximum allowed drawdown in nominal value, for the Account Balance. If exceeded, the EA will block trading until next day.
Loss Limit per trade in $: Maximum Loss in Nominal Currency (I use "$" just for example purposes). It's the maximum allowed drawdown in nominal value, for a Single Trade. If exceeded, the EA will block trading until next day. (If you leave this parameter's value at zero (0), it won't be considered by the Expert Advisor)
Daily Profit Limit in $: In case you want to hold yourself from over-trading even when winning, you can set a Daily Profit Limit after which the EA will block trading for the rest of the day. It's observed that some traders are greedy and by looking for more profits, they lose the initial profits too! This parameter comes to help. (If you leave this parameter's value at zero (0), it won't be considered by the Expert Advisor)

Important Notes:

On EVERYTHING that the EA does (block trading, allows trading, cancels new trades etc.) it shows ALERTS on the MT4 terminal - as a pop up window with sound.
It's highly advised to use an MT5 on a VPS (Virtual Private Server) so that the EA runs 24/7 and manages the drawdown effectively! This is how I do it too.
If a loss is registered and trading becomes prohibited for the desired time period, please note that any other pending order/running trade will be automatically closed! Any pending orders will need to be set again when trading becomes enabled again.
If you wish this to be different, please contact me.
Make sure to enable AlgoTrading from the MT5, otherwise it’ll not run properly. (the EA isn’t permitted to open new orders anyway, only to cancel/close orders/trades)
It is advised that you first test it on a demo to see how the tool works.
You only need to activate the EA on one chart, and it'll work across all pairs you trade. Any loss/drawdown is measured globally and not for each pair. (for example, taking a loss on EUR/USD will disable trading for X amount of time you've set)
ANY Expert Advisor does NOT have the capacity to block a USER from placing manual trades. It can only intervene after a trade is placed manually, but that happens instantly (on the next price tick).
This MT4 version is different to the MT5 version of the Drawdown Protector EA I have in my profile.

The "Demo Version" can't work on MT4 backtesting simulation, only in live markets. That's true for most Utility EAs out there.

Feel free to message me for any special enquiry or question about this tool. I'm always open to help. You can check my MQL profile for the full list of tools I provide.

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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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Questo prodotto filtra tutti gli esperti consulenti e i grafici manuali durante il periodo delle notizie, così non dovrai preoccuparti di improvvisi picchi di prezzo che potrebbero distruggere le tue impostazioni di trading manuali o le negoziazioni effettuate da altri esperti consulenti. Questo prodotto viene fornito anche con un sistema completo di gestione degli ordini che può gestire le tue posizioni aperte e gli ordini in sospeso prima della pubblicazione di qualsiasi notizia. Una volta che

60 USD

-25% discount ($149 -> $111) Everything for chart Technical Analysis indicator mt4 in one tool Draw your supply demand zone with rectangle and support resistance with trendline and get alerts to mobile phone or email alert - Risk reward indicator Video tutorials, manuals, DEMO download here . Find contacts on my profile . 1. Extended rectangles and trendlines Object will be extended to the right edge of the chart when price will draw new candles on chart. This is rectangle extender or

111 USD

Drawdown Protector is a utility tool used to manage your desired Max Daily Drawdown. In the era of prop firms and challenges, it's highly important to be aware of daily drawdown limits. It's an effective EA that is simple to use for Equity Drawdown Management and prevention of revenge trading. Input parameters: How many Hours to block trading? - Here, you set how many hours you want the EA to block new trades, after the Daily % Drawdown is breached. Value must be >0. Block trading until the n

50 USD

The "Scalping Scale in" is a utility tool designed for scalpers who want to scale in an initial position at fixed distances without worrying about the S/L and T/P placement, because every second counts when scalping. How it works: You set your desired values in the inputs tab of the EA, and more specifically what Risk-to-Reward you want the T/P to be placed, how wide you want your S/L (in pips) - which also is the distance of the next next stop order (scale in position). You manually click B

40 USD

Revenge Trading Protector è uno strumento semplice ma efficace per i trader che possono essere vittime del revenge trading. Essendo io stesso un day-trader, capisco l'aspetto psicologico del revenge trading e il desiderio di coprire le perdite. Ho quindi sviluppato questo strumento (che uso anch'io) per essere sicuro al 100% di poter rimanere paziente dopo una perdita e non prendere decisioni di trading irrazionali. Quando si subisce una perdita, il Revenge Trading Protector EA impedisce di

45 USD

News Filter Protector is designed to protect your from having open positions/orders on news announcements. In today's world where news can cause unpredictable volatility and extended losses, such a tool is very helpful for your peace of mind since you don't need to check the calendar ever again! Let's go through the Inputs of the EA to get an understanding of how each parameter works: --------------------------------News Settings-------------------------------- Currencies of the News to Filter

45 USD

"Trade Notifications" is a utility tool, aimed to inform you either with mobile notifications or terminal alerts on every opened or closed trade, as well as the $ profit/loss result of each trade. It's a tool I've been using myself for a long time, and I decided to share it for free! Input Parameters: (every input is a true/false type, double click on it to change its value) Notify for Closed Positions PnL : If true, it'll notify you for the $ result of any trade that is closed. This way, y

FREE

Revenge Trading Protector is a simple but effective tool for traders who can fall victim to revenge trading. Being a day-trader myself, I understand the psychological aspect of revenge trading and the desire to cover the losses. So, I developed this tool (that I use myself too) to be 100% sure I’m able to remain patient after a loss and not make irrational trading decisions. When you take a loss, the Revenge Trading Protector EA prevents you from opening another order (either limit order, s

45 USD

The "Candlestick Patterns Trade Panel" is the ultimate tool for traders who trade with Candlestick Patterns and want the process of identifying a pattern and executing a trade, to be quick and effortless . With various but key input options, this tool suits to people who want to automate their candlesticks patterns manual trading, or assist them to take trades manually but faster than before, or simply inform them with the patterns they want to see. Let's go through the Trade Panel that appears

45 USD

Anti Grid Position Protector is a utility tool designed to protect you from the temptation of adding to a losing position in a hope of a drawdown recovery, or trying to hedge when you're not intended too. --------------------------Inputs--------------------------- Allow Hedging on Losing Positions? - It's a true/false input (double click to switch its value) which allows/disallows opening a trade (either pending order or market execution) in the opposite direction on an existing losing position

40 USD

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