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Drawdown Limiter Advanced

5

Whether you are a trader that uses Expert Advisors (EA) or you trade manually, if you decided to obtain a funded account and you are going to start an evaluation phase with a Prop Firm (like FTMO, MyForexFunds, FundedNext and all the other ones available), you will surely need to pay close attention to put a daily drawdown limit.

That seems easy, at least in words, but dealing with the rigid rules of a Proprietary Firm leave no space for mistakes, distractions, emotional blindness or execution delays.

Right for this, the best way to manage your drawdown limit is using a program that is going to monitor your drawdown level automatically at all times and take the right actions to ensure you don't break any rules throughout the whole process of getting funded and then managing a funded account reducing the risk of losing it.

For you, the Drawdown Limiter - Advanced will:

  • Monitor the Daily Drawdown
  • Monitor the Overall Drawdown
  • Close all the positions once your drawdown limit is reached 
  • Delete all the pending orders once your drawdown limit is reached 
  • Advise you by e-mail (if you want to)
  • Prevent the breach of max daily drawdown rule when closing the day with realized profit but floating losses that would overcome the max daily drawdown of the next day.
  • Monitor the Balance / Equity a the start of a new range and the current level of it
  • Monitor the Realized and Unrealized Profits and Losses for the day measured in percentage and account currency
  • NEW: High Impact News Release Filter

The graphic interface is very easy to understand and it show more than the essential information.

You can decide what to see by clicking the button to show more or show less.

PLEASE, consult the User Guide before relying on the Expert Advisor.


Comentarios 2
Alexandre Henrique Vassoler
943
Alexandre Henrique Vassoler 2024.07.04 22:40 
 

Excellent product for proper asset management in prop firms. Riccardo offered great support and even implemented improvements I suggested.

Ehsan
224
Ehsan 2024.05.03 23:07 
 

Very nice and prop firm conform product. Riccardo is extremely supportive and friendly. Can recommend this Tool !!

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Vladislav Andruschenko
4.58 (67)
Panel de comercio para operar en 1 clic. ¡Trabajando con posiciones y pedidos! Operar desde el gráfico o desde el teclado. Con nuestro panel de operaciones, puede ejecutar operaciones con un solo clic directamente desde el gráfico y realizar operaciones comerciales 30 veces más rápido que con el control estándar de MetaTrader. Los cálculos automáticos de parámetros y funciones hacen que las operaciones sean más rápidas y cómodas para los operadores. Consejos gráficos, etiquetas informativas e in
Comprehensive on chart trade panel with the unique ability to be controllable from mobile as well. Plus has a library of downloadable configuration, e.g. exit rules, extra panel buttons, pending order setup and more. Please see our product video. Works with all symbols not just currency pairs. Features On chart panel plus controllable from free app for Windows, iPhone and Android Built-in script engine with library of downloadable configuration, e.g. add 'Close All Trades in Profit' button, exit
OrderManager MT5
Lukas Roth
4.89 (18)
Presentamos el   OrderManager : Una herramienta revolucionaria para MT5 Gestiona tus operaciones como un profesional con la nueva utilidad Order Manager para MetaTrader 5. Diseñado con la simplicidad y la facilidad de uso en mente, Order Manager te permite definir y visualizar fácilmente el riesgo asociado con cada operación, permitiéndote tomar decisiones informadas y optimizar tu estrategia de trading. Para más información sobre OrderManager, por favor consulta el manual. [ Manual ] [ Versión
Take a Break MT5
Eric Emmrich
4.75 (16)
The most advanced news filter and drawdown limiter on MQL market NEW: Take a Break can be backtested against your account history! Check the " What's new " tab for details. Take a Break has evolved from a once simple news filter to a full-fledged account protection tool. It pauses any other EA during potentially unfavorable market conditions and will continue trading when the noise is over. Typical use cases: Stop trading during news/high volatility (+ close my trades before). Stop trading when
GRat Crypto
Ivan Titov
4.5 (2)
Trade on crypto exchanges in MT5! GRat_Crypto is a tool for manual and automated trading , including ANY available EA, ANY  cryptocurrency  on most popular crypto exchanges in the familiar MT5 environment 24/7. Features 1. ALL instruments of the 8 most popular crypto exchanges are available: Binance, BingX, Bybit, CommEX, Kraken,   KuCoin, MEXC and OKX . 2. The ability to place ANY type of order available in MT5, both market and pending, to modify orders and positions, to delete orders and clos
Equity Protection EA MT5
CARLOS ALBERTO VALLOGGIA
5 (1)
EQUITY PROTECTION EA Evita grandes perdidas y protege la cuenta Características Generales: Control total sobre los resultados de un sesión de trading.- Controla el resultado global, para todos los símbolos de forex, índices, metales, acciones, etc. El control lo realiza sobre el equity global.- Cierre de todas las operaciones, en todos los símbolos, al alcanzar un porcentaje de ganancias o de perdidas.- Configuraciones modificables tanto en importe como en porcentajes.- Protección de los res
Auto Trade Copier for MT5
Vu Trung Kien
4.27 (22)
Auto Trade Copier está diseñado para copiar los oficios entre múltiples cuentas MT5 / terminales con una precisión absoluta. Con esta herramienta, puede actuar como proveedor (fuente ) o receptor (destino ) . Cada acciones comerciales podrán ser clonados del proveedor al receptor sin demora. Las siguientes son las funciones destacadas :     Cambie entre proveedores o función del receptor en una sola herramienta.     Un proveedor puede copiar los oficios a las cuentas de múltiples receptor
Trade Copier Pro MT5
Vu Trung Kien
3.67 (3)
Trade Copier Pro MT5 is a tool to copy trade remotely to multiple MT4, MT5 and cTradfer accounts at different computers/locations over internet. This is an ideal solution for you if you are a signal provider and want to copy your trades to other receivers globally on your 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 abl
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Alexandre Henrique Vassoler
943
Alexandre Henrique Vassoler 2024.07.04 22:40 
 

Excellent product for proper asset management in prop firms. Riccardo offered great support and even implemented improvements I suggested.

Ehsan
224
Ehsan 2024.05.03 23:07 
 

Very nice and prop firm conform product. Riccardo is extremely supportive and friendly. Can recommend this Tool !!

Respuesta al comentario
Versión 1.6 2024.07.02
Added "News FIlter" Function.

It allows to avoid opening new positions in the range of minutes before and after an high impact news release.

Example:
You input 5 as value for the News FIlter Minutes parameter.
Trading will be disabled 5 minutes before the news release and it will re-enabled 5 minutes after it.

NOTE:
The "DisableEnableAlgoTrading" script new version is required.
Text me to receive it for free.
Versión 1.5 2023.10.06
Customizable Sizes Upgrade
Versión 1.4 2023.09.22
Daily Drawdown Reset Function Update
Versión 1.3 2023.09.04
Fully Customizable Colors
Versión 1.2 2023.08.30
Update on drawdown reset at specific time
Versión 1.1 2023.08.30
Fixed drawdown reset on daily bar start