• Overview
  • Reviews (1)
  • Comments (3)

Drawdown Close

5

This is a trade management EA that will close all your Open Orders (or both Open and Pending Orders) when your drawdown against balance exceeds a set percentage limit.

E.g. Balance = $10,000 and “DrawdownPercent” is set at 2.0, if floating P&L is greater than -$200.00, all Orders will be closed.

It will send a notification to you MT4 app on your phone (”Drawdown Percent Close triggered!”)

A text display is included for some visual feedback.

Basic notes: It only needs to be attached to one chart to function. Ideally attach to the same currency pair as the one you trade on. If trading on multiple pairs, attach it to the one with the most frequent ticks.


When using our Drawdown Close EA, consider joining our copy trading service on CopyFX to enjoy even greater trading success. As a member of our copy trading service, you will gain access to our professional trading strategies! Don't miss this opportunity to improve your trading performance and profits. Join our copy trading service today!
www.marcalbrechttrading.com


Reviews 1
FunChiii
155
FunChiii 2023.12.15 17:16 
 

Simple but an awesome tool to have.

Natali Vandros
601
Natali Vandros 2023.07.10 10:34 
 

I trade with an adviser and my adviser sometimes starts trading very aggressively and makes big drawdowns due to the fact that he starts making martingale trades. It's not often, but it happens. That's why I'm always in a nervous state. In this case, I started looking for an assistant in closing all transactions if the loss percentage reaches a certain value. And so I tried this adviser on a virtual account and this is what I need. Now I can safely leave my trading advisor and calmly understand that my deposit will be in perfect order. If I lose, then recovery will occur and profit will be achieved. The developer responded to my letter and explained that his Expert Advisor is what I need. Five Stars

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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
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Real-time results can be viewed on   https://www.mql5.com/en/signals/2284481 Standard Settings are optimized for M15 Timeframe For brokers with 0.01 lots we recommend using a cent account with 100€ in cent accounts or a standard account with 10k+ for safe trading. (If you dont find a matching broker, we recommend going with Roboforex, with the code KXTL when creating your account, you will be able to trade 0.01 lots instead of the typcial 0.10 lots.) MAT FX Strategist is a fully automated MT
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matef88
24
matef88 2024.11.20 18:24 
 

User didn't leave any comment to the rating

FunChiii
155
FunChiii 2023.12.15 17:16 
 

Simple but an awesome tool to have.

Natali Vandros
601
Natali Vandros 2023.07.10 10:34 
 

I trade with an adviser and my adviser sometimes starts trading very aggressively and makes big drawdowns due to the fact that he starts making martingale trades. It's not often, but it happens. That's why I'm always in a nervous state. In this case, I started looking for an assistant in closing all transactions if the loss percentage reaches a certain value. And so I tried this adviser on a virtual account and this is what I need. Now I can safely leave my trading advisor and calmly understand that my deposit will be in perfect order. If I lose, then recovery will occur and profit will be achieved. The developer responded to my letter and explained that his Expert Advisor is what I need. Five Stars

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