AlgoTrade Drawdown Recovery Planner

AlgoTrade Drawdown Recovery Planner shows how far your account is below its high-water mark and the gain needed to recover. It runs on any chart and reads account data only.

What it shows

• The high-water mark: the highest balance in the account history or the highest equity seen while the indicator runs, adjusted for deposits and withdrawals. You can also enter a custom value.
• Current equity, the drawdown in money and percentage, and the gain needed to return to the mark.
• A plan based on your inputs: the steady gain per trading day over a set number of days, and the number of consecutive winning trades at your risk per trade and reward to risk.
• The gain needed after one more losing trade at your planned risk.
• The deepest drawdown of your closed trades.
• A table of drawdowns of 5%, 10%, 20%, 30% and 50%, with the recovery gain for each.

Alerts

• An alert when the drawdown exceeds your set level (default 10%), and a notification when equity returns to the high-water mark. When the indicator runs on multiple charts, only one alert triggers. Mobile push notifications are optional.

How to use

• Attach the indicator to any chart. It can run on the same chart alongside an Expert Advisor.
• Set the number of trading days, risk per trade and reward to risk in the inputs.
• Click "Fold" to show a single line on the chart, or "Open" to display the full panel.

Inputs: custom high-water mark, trading days, risk per trade, reward to risk, alert level, mobile push notifications, panel corner.

Please read

• This indicator reads account data only and does not open, modify or close trades.
• The plan rows use arithmetic calculations only. They assume every trade matches your planned risk and reward, which does not reflect actual trading conditions.
• For questions or feature requests, please post in the comments section on this page. Your reviews help us plan updates.

Made by AlgoTrade Pte. Ltd. Trading always carries risk. Past results do not guarantee future results.