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Daily Drawdown Limit EA Prop Firm trading MT4

If you found this EA, it's probably because you want to get a funded account with a prop firm, but you see a rule that most of traders fear : Maximum Daily Drawdown. 

I've been through this problem myself as I'm a prop firm trader and I've made a bot to solve this rule, and you can get it to solve this problem too.


How does it work ?

  1. When you first setup this EA, you need to input the initial deposit which corresponds to the size of your funded account. For exemple if you get a 10k$ funded account, you input 10k. 
  2. Then, you input the maximum daily drawdown. In most prop firms, the daily drawdown is 5%, but to have a little margin you can input 4,8%. This means that the bot will stop any trades if you lose 480$ in a day. This value never changes as the calculation is not made with your balance, it is made with the initial deposit because most prop firms work that way.
  3. When a trade opens, it will automatically display your daily profit/loss. 
  4. It will automatically close every position if your daily drawdown EQUITY reaches the amount you've set up before. 
  5. If a position opens it will directly close it and this will be the case until 11PM CEST. 
  6. When we go past this time, the daily profit/loss comes back to 0 and it can start trading again by accepting new positions. 

This EA is perfect for those who do copy trading or EA trading with a prop firm because it will follow the rules the prop firm wants you to follow. 

If you have any questions about it you can contact me. I answer in the day ! 


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TakePropips TradePad Pro , güçlü bir ticaret yöneticisi, para birimi gücü ölçer, hesap raporlama araçları, risk yönetimi araçları ve daha fazlasını içerir! Karşılaşacağınız en gelişmiş forex ticaret yöneticisi ve ticaret asistanlarından biridir! Ticari işlemleri yönetmenin daha verimli bir yolunu isteyen tacirler için mükemmel bir çözümdür. Kullanım kılavuzunu blog yazımızdan indirebilirsiniz:   https://www.mql5.com/en/blogs/post/751180 Bu ticaret sistemini Strateji Test Aracında test edebilirsi
What Exactly Is A Smart Trading Tool? Smart Trading Tool was developed for fast and comfortable trading of the financial markets especially for ORDER BLOCKS TRADERS . It provides traders functionalities, such as: A Drawing Tool One-Click Trading Panel Automated Lot Sizes Calculation based on your risk appetite & Money Management ( Watch this video , how this tool can help manage your risk per trade better!) Built in PRICE LEVELS (Fibonacci, Round Numbers, Daily hi-low, etc) Shows Trading Informa
[跟单系统] T he most friendly Copier interactive interface, the most abundant easy-to-use functions, and the best Copy solution.    EASY   : Easy to use, load and select the Master or SLAVE to use easily  FAST:   Quickly copy orders, algorithmic optimal follow-up mechanism, priority calculation of new signals, priority queue processing received special signals Multiple:   1. Support multiple signals to be sent at the same time, multiple accounts can select multiple accounts to copy at the same time
Chart Logic is here!  Chart automation for MT4: put your Ideas into Actions! Chart Logic is an EA for MT4 that lets you automate actions on your charts.  You define "conditions" and 'actions"; when all the conditions are true, then all the actions are triggered.  Conditions can refer to a wide range of observations, about account information, candle data, technical indicators, key levels, price, time, market data, trades and so on.  And actions can send alerts/notifications, open/close/modify t
Auto Trade Copier is designed to copy trades between multiple MT4/MT5 accounts/terminals with 100% accuracy. The provider and receiver accounts must be on the same PC/VPS. With this tool, you can copy trades to receiver accounts on the same PC/VPS. All trading actions will be copied from the provider to the receiver with no delay. This version can be used on MT4 accounts only. For MT5 accounts, you must use Auto Trade Copier for MT5. Reference: For MT4 receiver, please download "Trade Receiver F
ADAM EA Special Version for FTMO  Our 1st EA created using ChatGPT technology Trade only GOOD and checked PROP FIRMS  Default parameters for Challenge $100,000 Tested on EURUSD and GBPUSD only  Use 15MIN Time Frame Close all deals and Auto-trading  before Weekend at 12:00 GMT+3  Friday For Prop Firms MUST use special Protector  https://www.mql5.com/en/market/product/94887 Signal using ADAM  https://www.mql5.com/en/signals/2190554 --------------------------------------------------------------
-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
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Drawdown Limit EA Prop Firm trading MT5 If you found this EA, it's probably because you want to get a funded account with a prop firm, but you see a rule that most of traders fear : Maximum Daily Drawdown.  I've been through this problem myself as I'm a prop firm trader and I've made a bot to solve this rule, and you can get it to solve this problem too. How does it work ? When you first setup this EA, you need to input the initial deposit which corresponds to the size of your funded accoun
Proportional Trade Correction Prop Firm trading MT5 If you found this EA, it's probably because you're in a really specific situation. Here are the conditions if you want to use this EA correctly : - You want to be a prop firm trader. - You want to use signals from MLQ5 market. - You want your trades to be proportional to the signal provider.  If you're smart and you want to leverage your money thanks to prop firm trading without knowing how to trade, here's what you may think : "I will get
Do you know what is The Blue Ocean Strategy ? It is when an entrepreneur goes on a brand new market with no concurrence because nobody knows about it. This way, the entrepreneur is in a situation of monopoly and can enjoy this situation as long as nobody comes into the market.   And you know what ? This situation is reproducible in bot trading thanks to the Blue Ocean Strategy EA MT5.   I’m a prop firm trader and I use it myself to make all my trades. After many years of use, a friend told m
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Alexandre Henrique Vassoler
909
Alexandre Henrique Vassoler 2022.12.02 02:09 
 

When the EA is deleted from the account, its data will still appear on the screen (Drawdown Checking EA, Today Profit, Maximum Drawdown Per Day, etc). It also seems that it is not restarting when new balance is entered. Kindly check.

Mathieu, Frede Alfaro
548
Geliştiriciden yanıt Mathieu, Frede Alfaro 2022.12.02 09:32
Hello Alexandre ! 1- If the data still appears on your screen and you don't have the EA attached anymore, can you try deleting the chart and opening it back ? It should delete the data from the screen. 2- If it's not resetting when the new balance is entered, can you try detaching the EA and attaching it back to the chart ? Don't worry, the balance Is updated automatically while you trade !
Hope I answered you question well ! Don't hesitate to come back to me.
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