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In this release, we build an Equity / Drawdown Monitor with a Killswitch, designed specifically with prop firm rules in mind. The goal is simple: automatically protect the account from violating daily or maximum drawdown limits by enforcing hard stops when thresholds are reached.
What’s covered
Monitoring real-time equity and drawdown
Implementing a killswitch that disables trading when limits are hit
Structuring clean, reusable MQL5 code
Practical considerations for prop firm environments
Watch the series and get started here: https://www.youtube.com/watch?v=lRk2yUFri5c
EA Info Display Master Stop clicking through charts to find your EA configurations! Get a complete overview of all running Expert Advisors with their symbols and magic numbers in seconds. Managing multiple EAs across different symbols? Monitoring performance on FX Blue or other platforms? This tool instantly displays: All running EA names Their symbols and magic numbers Account details (number, broker, currency) Direct FX Blue statistics links (other provider will follow! Tell me what you need)
A MetaTrader 5 script that automatically closes all charts except for a specified number to keep open. Simply enter numbers like 1,2,5,10 to keep those corresponding charts open, or a single number (e.g., 3 ) to keep the first 3 charts open. All other charts are closed in one action, helping you manage multiple open positions with ease. Perfect for decluttering your workspace and focusing on the charts that matter most. Source Code here:
Track your spread and all position PnLs (Buy & Sell) in real-time – stay in control of your trades at a glance! Features: Real-time spread display (in pips) Total Buy position PnL Total Sell position PnL Clean, non-intrusive display layout Works with all symbols and timeframes 🎯 Perfect for: Scalpers needing quick spread awareness Day traders monitoring long/short performance Risk managers optimizing exposure No need to switch tabs or rely on external tools — everything you need is visible
The Swap Detector is an essential MQL4 utility that displays the swap costs of any instrument when applied to a chart. It helps traders make informed decisions by visually indicating the swap value in customizable colors— green for positive (good) and red for negative (bad) by default. This tool ensures transparency in overnight holding costs, enabling better trade planning and risk management
The Swap Detector is an essential MQL4 utility that displays the swap costs of any instrument when applied to a chart. It helps traders make informed decisions by visually indicating the swap value in customizable colors— green for positive (good) and red for negative (bad) by default. This tool ensures transparency in overnight holding costs, enabling better trade planning and risk management
Uncover the market’s secret zones with the ADR Levels+ Indicator. This dynamic tool plots ADR extension levels at 100%, 125%, 150%, and 200% right on your chart. In most cases, price dances between these boundaries—but when it breaks out, it often signals a prime opportunity for a mean reversion trade or the start of an evolving trend. Plus, an integrated alarm system triggers as soon as these key levels are reached, ensuring you never miss a lucrative trading opportunity. Elevate your strategy
Swap Sort is an MQL5 script designed for traders and investors to streamline their decision-making process by efficiently analyzing and organizing swap fees for financial instruments. This tool is ideal for professionals who want to optimize their trading strategies by minimizing costs and maximizing profits. Swap fees can significantly impact the success or failure of a trade, as high fees can erode profits over time, while favorable swaps can enhance returns for positions held overnigh. With
Cost Savings
One of the biggest advantages of using Linux over Windows is the cost. Windows often comes with a hefty license fee, which can take up a significant portion of your VPS (Virtual Private Server) costs. In some entry-level VPS plans, you can spend up to 70% of your budget just on the Microsoft license, leaving much less for the server hardware itself. By opting for Linux, which is free to use, you can direct those savings towards better hardware, improving the overall performance of your trading server.
Better Performance and Scalability
Linux is known for its efficiency and lightweight nature, making it an excellent choice for running resource-intensive applications like trading platforms. Linux doesn’t come with the background processes that Windows does, meaning your server can allocate more resources to your trading tasks. This leads to improved performance and faster execution speeds—critical factors in financial markets.
Security and Stability
Security is paramount when it comes to trading, as you're dealing with sensitive financial data. Linux is inherently more secure than Windows, thanks to its open-source nature and strong permission-based security system. It's also less prone to malware and viruses, making it a safer environment for running trading platforms. With Linux, you can rest assured that your trading activities are better protected from potential threats.
A Server-Focused OS
Linux is designed as a server operating system, meaning it excels in environments where stability, uptime, and security are critical. Windows, on the other hand, is more of a general-purpose OS and isn't optimized for server use. This makes Linux a more reliable choice for running a trading server that requires constant availability and minimal downtime.
Quick and Easy Setup for Metatrader on Linux
Setting up your trading platform, like Metatrader, on a Linux server might seem daunting at first, but it's actually easier than you think. In less than 10 minutes, with a few simple and easy-to-follow steps, you can have Metatrader running smoothly on a Linux machine.
Check out my YouTube video where I walk you through the entire process—step-by-step. In no time, you'll be able to take full advantage of Linux's performance and security benefits for your trading activities. Watch the video now and get started!
https://www.youtube.com/watch?v=WRymwJhv8JA