DD Guard Panel is a risk management utility
- Utilità
- Versione: 1.0
- Attivazioni: 5
Trade Panel With Drawdown Monitor and Protector is a risk-management utility that watches your account drawdown in real time and closes all trades automatically when a limit you choose is reached. It also gives you a clean on-chart trading panel.
This is a protection tool, not a signal robot. It does not decide when to enter the market. It protects the account, whether you trade manually, with Expert Advisors, or both.
WHAT YOU SEE ON THE CHART
- Daily Drawdown: current % and the maximum % reached today
- Maximum Equity Drawdown: drop in % from your highest equity
- Maximum Balance Drawdown: drop in % from your highest balance
- Balance, equity, number of open positions and floating profit/loss
- Colour warning: green = safe, orange = approaching the limit, red = limit reached
- Status line: ACTIVE or LOCKED, with the reason
AUTOMATIC PROTECTION - ALL SETTINGS IN PERCENT
- Set a separate limit (%) for Daily DD, Max Equity DD and Max Balance DD
- Switch each rule ON or OFF independently
- If ANY ONE enabled rule is hit, the utility closes ALL open trades
- Works on manual trades and trades opened by any Expert Advisor, on any symbol and any magic number
- Pending orders can be deleted at the same time
- Limits can be typed straight into the panel while it is running
AFTER A LIMIT IS HIT
- The panel is locked: new trades from the panel are blocked
- Optional: any new trade opened while locked is closed immediately
- Daily limit lock ends automatically on the next trading day
- Equity / Balance limit lock stays until you press RESET PEAKS / UNLOCK
- Optional: close all other charts to remove other Expert Advisors from the account
- Alert and push notification when the limit is triggered
ON-CHART TRADE PANEL
- BUY and SELL buttons with a lot-size input field
- CLOSE ALL button
- CLOSE BUYS button (closes all buy positions)
- CLOSE SELLS button (closes all sell positions)
- Lot size is automatically adjusted to the symbol's minimum, maximum and step
HOW THE DRAWDOWNS ARE CALCULATED
- Daily DD = (start-of-day reference - current equity) / start-of-day reference x 100.
The reference can be start-of-day Balance or start-of-day Equity (input setting). The day follows server time.
- Max Equity DD = (highest equity - current equity) / highest equity x 100
- Max Balance DD = (highest balance - current balance) / highest balance x 100
- Peaks and maximum values are saved and survive terminal restarts.
- Peaks do not adjust for deposits or withdrawals. Press RESET PEAKS after a deposit or withdrawal.
INPUT PARAMETERS
Drawdown protection
- Enable Daily DD limit / Daily DD limit (%) / Daily DD reference (Balance or Equity)
- Enable Max Equity DD limit / Max Equity DD limit (%)
- Enable Max Balance DD limit / Max Balance DD limit (%)
Actions
- Close trades of all symbols (or chart symbol only)
- Delete pending orders when a limit is hit
- Keep closing new trades while locked
- Popup alert / Push notification
- Close all other charts on trigger
Trade panel
- Default lot size, magic number for panel trades, slippage, trade comment, panel position
HOW TO USE
1. Attach the utility to ONE chart (any symbol and timeframe).
2. Enable Algo Trading in the terminal toolbar.
3. Set your limits in % in the inputs or directly in the panel.
4. Leave the chart open. The utility monitors the whole account, not only the chart symbol.
IMPORTANT NOTES
- The terminal and the chart with the utility must stay running. A VPS is recommended.
- Algo Trading must be enabled for the utility to close trades.
- Closing is done at market price. In fast markets or during gaps, slippage can make the final drawdown larger than the limit you set.
- The utility cannot guarantee that a loss will not exceed a set level.
- The Balance DD rule reacts only after trades are closed, so it reacts later than the Equity DD rule.
- Test on a demo account first to see how it behaves with your broker.
RISK WARNING
Trading leveraged products involves a high level of risk and you can lose more than your deposit. This utility is a risk-management aid and does not remove market risk. It makes no promise of profit.
