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Prop Firm DrawDown Guard MT5

49 USD

Versione demo scaricata: 4

Pubblicato: 7 aprile 2025

Versione attuale: 1.0

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Prop Firm DrawDown Guard MT5

Utilità
Branko Balog
Branko Balog
Croazia

256
1 argomento
Versione: 1.0
Attivazioni: 5

Prop Firm Drawdown Guard EA – Documentation (MT5 Version)

Version: 1.00

Platform: MetaTrader 5 (MT5)

Author: Branko Balog

Website: https://www.mql5.com

🛡️ Purpose

This Expert Advisor (EA) helps prop firm traders adhere to drawdown rules by monitoring daily and total account equity loss and enforcing restrictions when thresholds are breached.

It performs the following actions:

- Monitors account equity in real-time

- Closes all open positions when drawdown limits are hit

- Blocks opening of new trades for the day if required

- Sends alerts and/or notifications upon drawdown breaches

⚙️ Inputs

Parameter | Type | Description

------------------------------|---------|---------------------------------------------------------------

MaxDailyDrawdownPercent | double | Maximum allowed daily drawdown in percentage of daily start equity.

MaxTotalDrawdownPercent | double | Maximum allowed total drawdown in percentage of initial balance.

BlockTradingAfterDrawdown | bool | Blocks new trades for the day if drawdown limits are breached.

EnableAlerts | bool | Enables terminal alerts when drawdown is exceeded.

EnableEmail | bool | Sends email notification (requires setup in terminal options).

EnablePush | bool | Sends mobile push notification (requires setup in terminal options).

EnableLog | bool | Logs drawdown events to the Experts tab.

⏱️ How It Works

- At EA initialization, it records the current equity and balance.

- Each new day, it resets the "day start equity" to monitor daily drawdown.

- Continuously compares the current equity to:

- Daily start equity → for daily drawdown check

- Initial balance → for total drawdown check

- If either threshold is breached:

- All positions are closed immediately

- New trade entries are blocked (if enabled)

- Optional alerts are triggered (alert/email/push/log)

🧠 Special Logic

- Uses `TimeDay(TimeCurrent())` to detect start of new day.

- Uses `CTrade` class for order operations (MT5 standard library).

- Trades are blocked after a drawdown breach for the rest of the day if the option is enabled.

- All types of open positions are force-closed; new positions are not allowed until the next day.

✅ Compatible With

- MetaTrader 5 platforms (builds supporting standard MQL5 trade library)

- All prop firm challenge accounts (e.g., FTMO, MyForexFunds, etc.)

- All symbols and timeframes

altro...

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25% discount on the release of the tool: only for the next 3 buyers Send a message to receive a demo version. AstroTrade Trading Assistant AstroTrade is a comprehensive multi-functional trading utility developed for the MetaTrader 5 platform. It integrates essential tools for trade execution, risk management, and technical monitoring into a single unified interface. The application is designed to assist traders in managing their daily operations through a visual and structured environment. Vi

75 USD

BNEU PROP FIRM PASS SYSTEM v2.37 PRODUCT OVERVIEW Bneu Prop Firm Pass System is a professional risk management and account protection utility for MetaTrader 5. Attach to any chart and configure your account rules. The system monitors daily loss, maximum drawdown, profit target, trading days, open risk, margin usage, news events, pending orders, weekend restrictions, and rollover restrictions from one dashboard. It includes a 5-tab premium dashboard, prop firm presets, custom rules, Risk Sentine

99 USD

Prop Firm Drawdown Guard EA – Documentation Version: 1.00 Platform: MetaTrader 4 (MT4) Author: Branko Balog Website: https://www.mql5.com ️ Purpose This Expert Advisor (EA) is designed to enforce drawdown limits required by prop trading firms. It helps traders stay compliant with daily and total equity loss rules by automatically: - Monitoring account equity in real time - Closing all open trades when limits are exceeded - Blocking all further trading activity for the rest of the day - Opt

49 USD

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