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Drawdown Protector MT4

50 USD

Download demo: 1

Publicado: 9 março 2024

Versão atual: 1.22

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Drawdown Protector MT4

Utilitários
Konstantinos Kalaitzidis
Versão: 1.22
Ativações: 20

Drawdown protector is used to manage your desired Max Daily Drawdown. It's a highly valuable tool for traders, especially for prop firm traders, you need to be careful of the drawdown limits. It's an effective EA that is simple to use for Equity Drawdown Management purposes.

It works by blocking new trades - and closing existing trades, when the floating Equity (not Balance) exceeds the Daily Loss limit you've set. Also, you can set a Maximum Loss Limit for a SINGLE trade, which if exceeded, it'll block trading until the next calendar day.

The user inserts the value of the 3 parameters:

Daily Loss Limit in $: Maximum Loss in Nominal Currency (I use "$" just for example purposes). It's the maximum allowed drawdown in nominal value, for the Account Balance. If exceeded, the EA will block trading until next day.
Loss Limit per trade in $: Maximum Loss in Nominal Currency (I use "$" just for example purposes). It's the maximum allowed drawdown in nominal value, for a Single Trade. If exceeded, the EA will block trading until next day. (If you leave this parameter's value at zero (0), it won't be considered by the Expert Advisor)
Daily Profit Limit in $: In case you want to hold yourself from over-trading even when winning, you can set a Daily Profit Limit after which the EA will block trading for the rest of the day. It's observed that some traders are greedy and by looking for more profits, they lose the initial profits too! This parameter comes to help. (If you leave this parameter's value at zero (0), it won't be considered by the Expert Advisor)

Important Notes:

On EVERYTHING that the EA does (block trading, allows trading, cancels new trades etc.) it shows ALERTS on the MT4 terminal - as a pop up window with sound.
It's highly advised to use an MT5 on a VPS (Virtual Private Server) so that the EA runs 24/7 and manages the drawdown effectively! This is how I do it too.
If a loss is registered and trading becomes prohibited for the desired time period, please note that any other pending order/running trade will be automatically closed! Any pending orders will need to be set again when trading becomes enabled again.
If you wish this to be different, please contact me.
Make sure to enable AlgoTrading from the MT5, otherwise it’ll not run properly. (the EA isn’t permitted to open new orders anyway, only to cancel/close orders/trades)
It is advised that you first test it on a demo to see how the tool works.
You only need to activate the EA on one chart, and it'll work across all pairs you trade. Any loss/drawdown is measured globally and not for each pair. (for example, taking a loss on EUR/USD will disable trading for X amount of time you've set)
ANY Expert Advisor does NOT have the capacity to block a USER from placing manual trades. It can only intervene after a trade is placed manually, but that happens instantly (on the next price tick).
This MT4 version is different to the MT5 version of the Drawdown Protector EA I have in my profile.

The "Demo Version" can't work on MT4 backtesting simulation, only in live markets. That's true for most Utility EAs out there.

If you need any more specialized/tailored features on the EA, feel free to contact me so we can arrange it. Or if you have any question/issue, feel free to contact me.

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Unlimited Trade Copier Pro is a tool to copy trade remotely between multiple MT4/MT5 accounts at different computers/locations over internet. This is an ideal solution for signal provider, who want to share his trade with the others globally on his own rules. One provider can copy trades to multiple receivers and one receiver can get trade from multiple providers as well. The provider can even set the subscription expiry for each receiver, so that receiver will not be able to receive the signal

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Notify To Telegram MT4 Expert Advisor will send notifications via Telegram when orders are opened/modified/closed on your MetaTrader 4 account. Send message to person, channel or group chat. Easy to customize message. Support custom message for all languages. Support full Emoji. Parameters: Telegram Bot Token - create bot on Telegram and get token. Telegram Chat ID - input your Telegram user ID, group / channel ID Magic number filter - default all, or input magic number to notify with co

69 USD

Este produto filtra todos os consultores especializados e gráficos manuais durante o horário das notícias, para que você não precise se preocupar com picos de preços repentinos que possam destruir suas configurações de negociação manuais ou negociações realizadas por outros consultores especializados. Este produto também vem com um sistema de gerenciamento de pedidos completo que pode lidar com suas posições abertas e ordens pendentes antes do lançamento de qualquer notícia. Depois de comprar o

60 USD

-25% discount ($149 -> $111) Everything for chart Technical Analysis indicator mt4 in one tool Draw your supply demand zone with rectangle and support resistance with trendline and get alerts to mobile phone or email alert - Risk reward indicator Video tutorials, manuals, DEMO download here . Find contacts on my profile . 1. Extended rectangles and trendlines Object will be extended to the right edge of the chart when price will draw new candles on chart. This is rectangle extender or

111 USD

News Trader Pro é um robô único que permite a negociação com notícias pela sua estratégia pré-definida. Ele carrega pedaços de notícias de vários sites populares de Forex. Você pode escolher qualquer notícia e programar a estratégia para negociar, então o News Trader Pro vai operar com essa notícia através de uma estratégia selecionada automaticamente quando a notícia for publicada. As notícias dão a oportunidade de ter pips desde que o preço tenha um grande movimento com a publicação. Agora, co

299 USD

Ferramenta multifuncional: 65+ funções, incluindo: calculadora de lote, Price Action, proporção R/R, gerenciamento de trade, zonas de suporte e resistência Versão Demo | Manual de usuário | Versão MT5 O utilitário não funciona no testador de estratégia: você pode baixar a versão Demo AQUI para testar o produto. Contate-me para perguntas / ideias de melhorias / caso encontrar algum erro Os trades automáticos serão permitidos se estiverem habilitados na plataforma e na corretora Si

139 USD

Drawdown protector is used to manage your desired Max Daily Drawdown. You set the Hours you want the EA to not allow new trades after X% drawdown is hit. Or you just select "Yes" on the "Block trades until next day?" and the EA enables trading at midnight after the X% daily drawdown is reached. Make sure you Enable "Algo trading" from both "Common" tab on the EA settings, AND from the top side of the MT5 terminal. (The EA on the top right of the chart should have a blue hat, not grey) It's an ef

50 USD

The "Scalping Scale in" is a utility tool designed for scalpers who want to scale in an initial position at fixed distances without worrying about the S/L and T/P placement, because every second counts when scalping. How it works: You set your desired values in the inputs tab of the EA, and more specifically what Risk-to-Reward you want the T/P to be placed, how wide you want your S/L (in pips) - which also is the distance of the next next stop order (scale in position). You manually click Buy

40 USD

Revenge Trading Protector is a simple but effective tool for traders who can fall victim to revenge trading. Being a day-trader myself, I understand the psychological aspect of revenge trading and the desire to cover the losses. So, I developed this tool (that I use myself too) to be 100% sure I’m able to remain patient after a loss and not make irrational trading decisions. When you take a loss, the Revenge Trading Protector EA prevents you from opening another order (either limit order, s

45 USD

News Filter Protector is designed to protect your from having open positions/orders on news announcements. In today's world where news can cause unpredictable volatility and extended losses, such a tool is very helpful for your peace of mind since you don't need to check the calendar ever again! Let's go through the Inputs of the EA to get an understanding of how each parameter works: --------------------------------News Settings-------------------------------- Currencies of the News to Filter

45 USD

The "Candlestick Patterns Trade Panel" is the ultimate tool for traders who trade with Candlestick Patterns and want the process of identifying a pattern and executing a trade, to be quick and effortless . With various but key input options, this tool suits to people who want to automate their candlestick patterns manual trading, or assist them to take trades manually but faster than before, or simply inform them with the patterns they want to see. Let's go through the Trade Panel that appears

45 USD

Anti Grid Position Protector is a utility tool designed to protect you from the temptation of adding to a losing position in a hope of a drawdown recovery, or trying to hedge when you're not intended too. --------------------------Inputs--------------------------- Allow Hedging on Losing Positions? - It's a true/false input (double click to switch its value) which allows/disallows opening a trade (either pending order or market execution) in the opposite direction on an existing losing position

40 USD

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