Drawdown Monitor MT5

Know how far your account is below its best level. Drawdown Monitor shows your drawdown now, today, this week, this month and all time, in money and in %, and alerts you when it passes your limit.

Drawdown is the number that ends trading accounts and prop firm challenges. Most traders only look at the profit. This small panel keeps the drawdown in front of you all the time.

WHAT YOU SEE

  • Equity and Peak: the peak is the best level your account reached.
  • Drawdown now: how far your equity is below the peak right now, in money and %.
  • Max drawdown of today, this week, this month and all time.
  • Colors: green at the peak, orange near your alert limit, red over it.

HONEST NUMBERS

  • Uses your whole trade history (profit, swap, commission and fees), so the numbers are right from the first minute.
  • Also follows the live equity every second: open trades count. The worst dip is saved and kept after MT5 restarts.
  • Deposits and withdrawals are not drawdown: they move the peak, not the drawdown.
  • Choose the server hour your trading day starts.

ALERTS

  • Drawdown from the peak above X % (default 10 %).
  • Drawdown today above X % (default 5 %).
  • Popup with sound and push notification to your phone. Each alert once per day.

NOTES

  • Read only: the indicator never opens or closes trades. Safe on any account.
  • Live dips are recorded while MetaTrader 5 is running. Closed trades are always counted from the history.
  • Need the limits enforced, not just shown? Prop Firm Rules Guard MT5 closes trades and locks the account when a daily loss or drawdown limit is hit.

Questions or ideas? Send me a private message on MQL5. If the indicator helps you, a short review is very welcome.

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