hello~！I have an idea, how do you think?

The target Equity should be a fixed variable for a custom variable, such as the target Equity = 100 fixed value, the initial Equity = 1000, when the equity reaches 1100, close all orders, and the target equity automatically changed to 1200, when the queity reaches 1200, Close all orders again and keep starting new cycles.

ok,thank you!!

There is a BUG, open Positions orders, did not close is completed, the chart is all closed, resulting in there is no order to turn off open Positions can not be closed. Or too many orders. But all charts must be closed after all orders have been closed.

hello！！Sorry, my English is poor, I use Google Translate.

I mean, there is a BUG! I EA created a lot of orders, when "Drawdown" closed all orders, the chart has been closed before the order was completely closed, resulting in no further closure of the remaining open orders.

The closing of charts is independently from the closing of positions, meaning positions can basically be closed even if all charts already have been closed. However the regular succession of the EAs taking action is first "close all open positions" and then "close all charts". So if all charts have been closed but positions are still open this means that the EA wasn't able to close all open positions. Possible reasons:

1.) No connection to the broker (no stable internet connection).

2.) "Max Slippage in Points" was set to low.

3.) Market was closed.

4.) Broker didn't "want" you to close said position(s) or couldn't offer it.

Regarding the latter I can tell you that especially when trading CFDs this sometimes happens. For example I experienced situations even @ FXCM where I couldn't close a GDAXI positions for minutes!

My recommendation: Use a demo account and make multiple tests of Drawdown Control's functionality. If you find a repeatable issue, then come back here to discuss it.

Best,

Bernhard

Hi Bernhard

Just come across your nice utility!

I'd very much like to manage my account balance (rather than equity).   If my understanding is correct, there is already the capability to stop a signal if my Equity gets below a certain amount on the MT4 Options dialog.  That's not quite what I want. I want to act on Balance.

A couple of questions please....

1)  I subscribe to signals on MT4, then run them on a VPS.  When I copy everything up to the VPS, will your utility still work and close positions?

2)  When my balance gets to the specified low limit, can it halt the signal?  Or do something that stops my account from taking any more signals?  Once a signal is starting to constantly close out on losing trades, I want to halt it and take a look. 

Cheers. Keith.

Hi Keith,

Thx for using Drawdown Control.

Yes, it also works based on balance, please carefully read the description to understand it exactly.

Yes, you can use a lot of signals, EAs etc. within ONE MT4 account and Drawdown Control to limit the losses - no matter if on VPS, notebook etc.

No, there's no "halt feature".

Best,

Bernhard

Hi Bernhard

Thanks for your response.

If Drawdown Control is triggered due to reaching the balance drawdown % it will close all open positions.  Understood.

Getting back to the signal issue, if the subscribed signal then sends out other open signals, do they get closed immediately?  Due to the limit already being hit.

Don't know how much of a challenge this is code wise, but it would be very helpful if there was another option to 'Don't take any more signal opens' property.

Just a thought......

bool  SignalInfoSetDouble( 

   SIGNAL_INFO_VOLUME_PERCENT,   // Maximum percent of deposit used (%), r/o  

   0                                                 // set it to zero 

   );

Set the  amount of account allocated to signal to zero then (presumably?) it can't open any more positions.

Cheers. Keith.

Bernhard

 Just had a look at your system (REAL iDayTrader) where you're running the Drawdown Control EA.

Would love to know what particular settings you're using for Drawdown Control for this system. Because this is the sort of system I'd certainly look closely at subscribing to in terms of A/C size, max drawdown, return, leverage etc; and it would be of great help to know how to match up the DDC EA and the signal at hand.

Cheers. Keith.

Max balance DD is set to 6 % and max floating DD to 4 %. Alternatively you can directly invest into a modified version of my system here: https://www.darwinex.com/darwin/IDT.4.23

Hi,

Can i use your EA for any pairs, any TF ?

Hi Bernhard,

I have recently downloaded the DC EA, I have already placed it on EURUSD M1 chart but I am still not sure if the EA is actually running or not, I have attached the screen shot of the relevant chart and settings, could you please check and let me know if it is running or I have to do some more steps to make it work.

Thanks for your support.

Hi Muhammad,

You must enable "AutoTrading" and then restart DCEA.

Best,

Bernhard

Maybe it would be nice when you had a function that it would block trades when there are already opened x-lots or when the floating equity is below a certain %.

Hi

Bernhard Stremayr

1.- Works perfectly to close all positions when it reach % Draw down level input, but only works 1 time, anyway to make it work every time that reach % draw down level?

2.- Once draw down level % reach, any way to only close only highest open lose position?

What i'm looking for is to maintain a Draw down level percentage in my account, I do trading with robots and my robot is perfectly working doing balance, but some times in bad markets drawdown increase significantly, so in order to make money long term, I want to maintain always a draw down around 10% of the account, I can do this manually but i'm not 24/7 looking my charts, so this utility works perfectly but need some modifications to work for me.