Daily Loss and DD Protector
VERY EASY TO USE.
PERFECT TO HELP YOU TO AVOID REACHING THE DAILY LOSS LIMIT ON YOUR PROP FIRM ACCOUNT OR ON YOUR PERSONAL ACCOUNT IN CASE YOUR EA GETS OUT OF CONTROL AND STARTS OPENING HIGH LOT SIZES OR SIMPLY IF MARKET WILL GO WILD.Product Description:
- Name: Daily Loss and DD Protector
- Use: This EA tracks and display on the monitor your daily loss (considering profits also) and stops trading when the floating drawdown + loss reaches a value determined by the user in its input parameters.
- Functions:
- Monitors daily P/L for the pair that is attached to the chart (currently that one pair only - not all pairs)
- Tracks daily loss (closed loss + floating drawdown)
- Blocks new trades once the warning threshold determined in the input paremeters is reached
- Sends alerts via MT4 Alert, Push, or Email
- Automatically closes trades if max daily loss is hit and prevents new trades from opening
- Inputs: Clearly list all parameters:
- MaxDailyLossPercent — daily drawdown % limit
- WarningPercent — warning threshold
- CloseTradesAtLimit — whether to close trades automatically
- SendPushAlert, SendEmailAlert — notification options
- Slippage — for closing trades reliable
FOR PAREMETRS DISPLAYED ON THE SCREEN, PLEASE REFER TO THE SCREENSHOT HERE.
Plese note: Before using the EA on a live account, please test it on a demo account to ensure proper functioning and user satisfaction.
Please note: This EA (utility) does not guarantee any profits and does not constitute financial advice. Trading financial instruments involves significant risk of loss. Past performance is not indicative of future results. Use this EA at your own risk. The developer is not responsible for any losses incurred while using this EA.
