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Prop Drawdown Manager MT5

Prop Drawdown Manager is a sophisticated utility tool designed to assist traders in effectively managing and minimizing the impact of drawdowns within their forex trading accounts. Drawdowns, which represent the reduction in capital from peak to trough, are an inevitable aspect of trading, but they can be detrimental if not managed properly.

This utility provides traders with a suite of features aimed at controlling drawdowns and preserving trading capital:

1. Drawdown Thresholds: Traders can set customizable drawdown thresholds that trigger predefined risk management actions when breached. These thresholds serve as early warning signals, prompting the utility to take proactive measures to limit losses and protect capital.

2. Expert Remove: Another account saving feature from this utility is the ability to detect and remove other Expert Advisors from the chart when drawdown thresholds are breached. If you are using EA's with risky strategies like Grid and Martingale, no more fears, this utility already got you covered.

3. Alerts and Notifications: To keep traders informed and empowered to make timely decisions, the utility sends alerts and notifications when drawdown thresholds are approached or breached. These notifications can be delivered via a text message to the phone or through the trading platform itself.

4. Real-Time Monitoring: The utility continuously monitors the trader's account in real-time, tracking equity, balance, and other relevant metrics. It keeps a vigilant eye on account performance, enabling traders to promptly identify and respond to potential drawdown situations.

5. Automated Risk Mitigation: When the predefined drawdown threshold is breached, the drawdown manager automatically initiates risk mitigation strategies. This could involve various actions such as reducing position sizes, closing losing trades, removing other EA's or temporarily halting trading altogether to prevent further losses.

6. Dynamic Risk Assessment: This drawdown manager continuously assesses the risk exposure of the trader's positions in real-time. It considers factors such as market volatility, position sizes, and account balance to gauge the potential for drawdowns.

Notice: If you find this utility of help in your trading we encourage you to leave a good review. This helps us get better and know where to add improvement in the future versions. Wish you a profitable trading experience with our new tool. 

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Elvis Wangai Muriithi
Sniper Entries AI  is a powerful, intelligent indicator designed for traders seeking precise entry points at potential market reversals. Leveraging advanced AI algorithms, this tool analyzes price patterns across multiple timeframes, allowing traders to stay informed of trend shifts, no matter the scale of their trades. Key Features of Sniper Entries AI: High-Precision Reversal Signals : The indicator scans market movements to identify precise reversal points and continuation, giving you a compe
Are you ready to elevate your Forex trading game? Introducing the Supply and Demand Indicator , a powerful tool designed to help traders identify key market zones and make informed decisions with confidence! Key Features: Accurate Zone Identification : Our indicator pinpoints critical supply and demand zones, allowing you to spot potential reversal points and areas of price consolidation. User-Friendly Interface : With an intuitive design, you'll easily navigate through the settings and customiz
The London Breakout
Elvis Wangai Muriithi
The London breakout is an indicator that is designed to give London moves signals and performance. London session is such a very volatile trading hours and anticipating a breakout from one of the slowest trading sessions (Asian session) can result to potential trading profits. London breakout is a very common trading strategy among retail traders. This indicator will track previous London breakouts, calculate their trade outcome based on an input TP and SL factor and display the results on a sim
Are you ready to elevate your Forex trading game? Introducing the   Supply and Demand Indicator , a powerful tool designed to help traders identify key market zones and make informed decisions with confidence! Key Features: Accurate Zone Identification : Our indicator pinpoints critical supply and demand zones, allowing you to spot potential reversal points and areas of price consolidation. User-Friendly Interface : With an intuitive design, you'll easily navigate through the settings and custom
Crispr
Elvis Wangai Muriithi
CRISPR is a complex EA which uses more than 6 both traditional and custom indicators to generate high-probability trading setups. Each indicator is a combination of a filter and an entry which has contributed to its stable balance curve over the last 13 years. All trade settings such as SL, TP and trailing stop have been set internally with optimized values which makes the EA a plug and play without having to change the inputs. Moreover, this EA also has a risk monitoring feature to track both d
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Version 1.2 2024.01.30
Fixing small bug
Version 1.1 2024.01.28
Small modifications and update