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Prop Firm Drawdown Protector

5

The DrawdownProtector is a custom MetaTrader 4 (MT4) EA designed to manage floating losses in trading accounts. Let’s break down its key features:

  1. Floating Loss Management:

    • The EA monitors the account’s floating profit and loss (P/L).
    • If the floating loss exceeds a user-defined threshold (default: $100), the EA takes action.

  2. Order Closure:

    • When the floating loss surpasses the threshold, the EA closes all open orders.
    • It ensures that no further losses accumulate beyond the specified limit.

  3. Chart and EA Management:

    • Optionally, the EA can close all other charts and even itself (the EA) when the drawdown occurs.
    • This feature helps prevent additional trades and conserves resources.

  4. Account Information Display:

    • The EA displays essential account information on the chart.
    • This includes account balance, equity, drawdown amount, and current floating P/L.

Remember to customize the parameters (e.g., FloatingLossAmount) according to your risk tolerance. The DrawdownProtector aims to safeguard your trading account by preventing excessive losses due to floating drawdowns. 🛡️📉


Reviews 1
1040543344
41
1040543344 2024.11.12 21:45 
 

Works perfectly, just as described by developer! Plus it’s free, what not to love?

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Closing positions in MetaTrader 4 upon reaching the total profit/loss with the profit trailing function. You can enable the Virtual stops (Separate Order) , Calculating and closing for BUY and SELL positions separately (Separate BUY SELL) , Closing and calculating all symbols or the current symbol only (All Symbols) , Enable trailing for profit ( Trailing Profit) Close on total profit and loss in deposit currency, points, or % of the balance. The application is designed for use on any account t
Basket EA MT4
Juvenille Emperor Limited
5 (5)
Utilities
Basket EA MT4 is the best profit harvester and the ultimate account protector, all in one very simple to use solution. The idea behind  Basket EA ΜΤ4  is to be able to control your overall trading account's profit and/or loss at a basket level, for all your open positions combined. It offers basket take profit, stop loss, break even and trailing stop loss settings in percentage of account's balance or in account currency (in money) for all managed positions. It allows management or exclusion fro
Extra Time Bar
Mostafa Saad Saeed Shawara
Utilities
Extra Time Scale Bar Here is the   MT5 version is a tool designed to enhance your trading by allowing you to add a personalized time bar to your charts. With this tool, you're no longer limited to server time alone—you can set the chart to display any time zone of your choice, like your local time, Greenwich Mean Time, or any other. Features of  Extra Time Scale Bar: 1. Time Zone Customization:  Choose the time zone that suits your trading needs and display it directly on your chart fo
Trade Manager Assistant MT4
Ianina Nadirova
Utilities
Trade Manager Assistant is a professional trading panel for enhanced order management. Trade assistant that combines risk management tools and advanced order handling capabilities for manual trading. Full setup instructions  link . With intelligent Risk Management you can calculate optimal lot size automatically based on your risk percentage or fixed amount per trade. Set Stop Loss and Profit levels automatically with customizable risk-to-reward ratio for order management. Advanced Trailing Stop
Fast Copy For Multi Plattform Multi Account MT4
Kaijun Wang
5 (12)
Utilities
Copier->Convenient and fast interface interaction, users can use it right away   ->>>> Recommended to use on Windows computers or VPS Windows Features: Diversified and personalized copy trading settings: 1. Different lot modes can be set for different signal sources 2. Different signal sources can be set for forward and reverse copy trading 3. Signals can be set with comments 4. Whether to calibrate the lot according to the contract lot Diversified and personalized copy order settings 2: 1. Dif
OrderManager MT4
Lukas Roth
4.67 (21)
Utilities
Introducing the OrderManager : A Revolutionary Utility for MT4 Manage your trades like a pro with the all-new Order Manager utility for MetaTrader 4. Designed with simplicity and ease-of-use in mind, the Order Manager allows you to effortlessly define and visualize the risk associated with each trade, enabling you to make informed decisions and optimize your trading strategy. For more information about the OrderManager, please refear to the manual. [ Demo ]  [ Manual ]  [ MT5 Version ]  [ Telegr
Auto SL TP MT4
KEENBASE SOFTWARE SOLUTIONS
Utilities
KT Auto SL TP automatically sets the stop-loss and take-profit as soon as it detects manually placed orders on the chart. It can effortlessly place the stop-loss and take profit for the market, limit and stop orders simultaneously. Features It can set the stop-loss and take-profit for all the active symbols from a single chart. Equipped with trailing stop-loss with steps.  Seamlessly works for the market and pending orders. Shows the informational text information on the chart. Inputs Cur
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1040543344 2024.11.12 21:45 
 

Works perfectly, just as described by developer! Plus it’s free, what not to love?

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