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DrawDown Limiter

5

Drawdown Limiter EA

You are in the right place if you were searching for Drawdown control, Drawdown limiter, Balance protection, Equity Protection or Daily Drawdown Limit related to Prop Firm, FTMO, or Funded account trading, or if you want to protect your trading account.

Have you suffered from controlling your drawdown when trading funded accounts? This EA is meant for you. Prop firms usually set a rule called “Trader Daily Drawdown”, and if it is not respected, you are disqualified. I am an EA automated trader, and I developed this utility to help me respect this rule, and I am proposing it here to help you too. This EA is ideal for protecting your balance if you are trading manually, via copy trading, or EA trading with a prop firm or on your own.

DrawDown limiter will help you in:

  1. Tracking the account drawdown
  2. Tracking the daily trader drawdown
  3. Prevent you from overtrading by limiting open position
  4. Alert you when you are taking high-risk trades
  5. Tracking your EA portfolio one by one
  6. And the most important is protecting your account from breaching the drawdown and overtrading threshold.

The expert advisor’s essential nction is to monitor all the activities on the account, if it was a manual or automated trade by another expert advisor. In two clicks you can configure it. And once on your chart, you will first notice a "Traffic Lights" on your screen. It's "Traffic Lights" feature will keep you informed about the KPI in a simple graphical manner. The position and style of the traffic lights can is super customizable to match your chart's style.

"Draw Down Limiter" is designed to respect the major prop firm rules. The EA is compatible with FTMO and My Forex Funds. Please check how on this blog: FTMO rules compatible EA: DrawDown Limiter. If you are trading from the USA and you have FSA regulations to respect, DrawDown Limiter is compatible with the NFA FIFO rule. Please check the following blog for details:  DrawDown Limiter compliance with NFA Rule 2-43b FIFO rule


If you are interested to get a FREE EA that automatically toggle "Algo Trading" ON and OFF based on your drawdown, don't hesitate to contact me once you purchase DrawDown limiter to share it with you for free.

Need help or have questions? Check DrawDown Limiter User Guide

I am Lio, don't hesitate to reach out!  We are always available to respond, help, and improve.


Comentarios 20
impaulchua
144
impaulchua 2024.07.03 16:50 
 

Great versatile product! saved my account many times and has a time based kill all function as well. Developer is kind and professional. Must have EA

royhimself2
118
royhimself2 2024.03.08 14:01 
 

This is the #1 product if you are trading propfirms. Must have!

yitro.forex
35
yitro.forex 2024.01.23 22:56 
 

Used for 4 month and its been great. ITS VERY SIMPLE TO USE. The number of customizations is great. Great customer support. A+++++

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Filtro:
impaulchua
144
impaulchua 2024.07.03 16:50 
 

Great versatile product! saved my account many times and has a time based kill all function as well. Developer is kind and professional. Must have EA

Haidar, Lionel Haj Ali
17001
Respuesta del desarrollador Haidar, Lionel Haj Ali 2024.07.03 16:58
Thank you for this awesome review! I am glad the EA is doing what it should do and helping you with managing your account.
srfinviz
114
srfinviz 2024.04.17 14:35 
 

El usuario no ha dejado ningún comentario para su valoración

Haidar, Lionel Haj Ali
17001
Respuesta del desarrollador Haidar, Lionel Haj Ali 2024.04.17 14:39
Thanks a lot for the review :)
royhimself2
118
royhimself2 2024.03.08 14:01 
 

This is the #1 product if you are trading propfirms. Must have!

Haidar, Lionel Haj Ali
17001
Respuesta del desarrollador Haidar, Lionel Haj Ali 2024.03.08 14:11
Thanks a lot Roy, much appreciated the feedback 🌟
yitro.forex
35
yitro.forex 2024.01.23 22:56 
 

Used for 4 month and its been great. ITS VERY SIMPLE TO USE. The number of customizations is great. Great customer support. A+++++

Haidar, Lionel Haj Ali
17001
Respuesta del desarrollador Haidar, Lionel Haj Ali 2024.03.08 13:49
late response but better then never, super thanks for your review :)
staylor2233
80
staylor2233 2023.12.13 23:32 
 

This EA has already protected a small account, which otherwise would have tanked. Its running on all accounts now, and I sleep well.

Haidar, Lionel Haj Ali
17001
Respuesta del desarrollador Haidar, Lionel Haj Ali 2023.12.14 02:17
Super happy to hear that the EA is performing as it should be, thanks for your review and trust
gorilla-space
64
gorilla-space 2023.12.13 14:09 
 

Superb coding quality and support!

Haidar, Lionel Haj Ali
17001
Respuesta del desarrollador Haidar, Lionel Haj Ali 2023.12.13 15:13
Thanks a lot 🙏
Hugalv16
39
Hugalv16 2023.10.10 19:31 
 

Must have tool if you are EA trading on a prop firm account, also the developer provides excellent customer support plus updates.

Haidar, Lionel Haj Ali
17001
Respuesta del desarrollador Haidar, Lionel Haj Ali 2023.10.10 19:47
I want to thank you for your awesome review
Igor Isakov
881
Igor Isakov 2023.10.10 08:03 
 

Hello, I am using this EA for 3+ months and I would recommend it to anyone, interested in keeping account safe. Reasonable price, rent option, plenty of excellent features, informative panel and, moreover, lighting fast support from author! Many thanks to Lionel for this high- quality, user- friendly product

Haidar, Lionel Haj Ali
17001
Respuesta del desarrollador Haidar, Lionel Haj Ali 2023.10.10 08:24
Hey Igor, thanks a lot for this detailed review, I appreciate it, and I am very happy to have you as one of my clients. Thanks again
MikeJePan s.r.o
203
Mike Pan 2023.10.08 17:56 
 

The best Support team on whole MQL5 marketplace. Have video and text FAQ for every question and responding to DMs in a couple of minutes!

Haidar, Lionel Haj Ali
17001
Respuesta del desarrollador Haidar, Lionel Haj Ali 2023.10.08 17:57
Thanks mike for your review, I really appreciated your review.
Gabriel Weinberg
46
Gabriel Weinberg 2023.09.08 12:38 
 

Haven't used DrawDown Limiter on a live account yet, but it seems to be working great! It seems reliable and trustworthy. Lio has obviously worked on it a lot and thought about all scenarios and different prop firm requirements. The EA is highly customizable to fit any needs. Yet simple to understand and intuitive. Documentation for it is great as well, complete with videos and FAQ. Like it was mentioned, I got the free Algo Trading Disabler for free right away. The communication with Lio was really good and he genuinely seems to care and take suggestions into account. All in all, you can confidently buy this EA if you're considering it.

Haidar, Lionel Haj Ali
17001
Respuesta del desarrollador Haidar, Lionel Haj Ali 2023.09.08 12:50
Thanks a lot for the detailed review really appreciate it ⭐⭐⭐⭐⭐
Menewy Jerry
23
Menewy Jerry 2023.08.19 20:52 
 

very good EA and Great support team

Haidar, Lionel Haj Ali
17001
Respuesta del desarrollador Haidar, Lionel Haj Ali 2023.08.19 20:55
Thanks a lot, happy to have you part of my clients
Milldoku
502
Milldoku 2023.08.16 00:53 
 

nice tool and communicative seller. Recommended.

Haidar, Lionel Haj Ali
17001
Respuesta del desarrollador Haidar, Lionel Haj Ali 2023.08.16 06:33
Thanks a lot! Much appreciated 👍
Zheng Chen
193
Zheng Chen 2023.07.31 20:45 
 

For the Drawdown Limiter, I must say it's an excellent product, undoubtedly the best one in its category. The outstanding customer service further adds to its appeal, with responses coming in within proximately half a day, showcasing their promptness. The author behind this product is approachable and communicates effortlessly, making interactions a breeze. Moreover, I suggested the idea of incorporating multiple magic numbers to enhance its flexibility, which the author readily accepted and embraced. In conclusion, I highly recommend the Drawdown Limiter to anyone in need of such a solution. Its unmatched quality, exceptional customer service, and the author's receptive nature make it a standout choice among its peers. Don't hesitate to give it a try; you won't be disappointed.

Haidar, Lionel Haj Ali
17001
Respuesta del desarrollador Haidar, Lionel Haj Ali 2023.07.31 20:49
I want really to thank you for this detailed review, thanks a lot, I am really happy to have you in my client circle.
elean_trading
27
elean_trading 2023.07.24 21:25 
 

El usuario no ha dejado ningún comentario para su valoración

Haidar, Lionel Haj Ali
17001
Respuesta del desarrollador Haidar, Lionel Haj Ali 2023.07.24 21:29
Thanks a lot for your review, much appreciated ⭐⭐⭐⭐⭐
Phantom Trading Inc.
577
Nithin Elbin 2023.07.12 21:28 
 

It has saved my funded today from getting f**ked. Excellent little helper tool!

Haidar, Lionel Haj Ali
17001
Respuesta del desarrollador Haidar, Lionel Haj Ali 2023.07.12 21:31
Thanks for the review, Super happy for you :) , today was a bad day for me too, luckily I have drawdown limiter running and stopped everything on time.
Ben K
74
Ben K 2023.06.30 07:53 
 

saved my account 2 times in less than the first 24 hours of using it! not only that Haidar is a cool guy and can tell he really wants to help, telling all my friends to install this first before you do anything! Must have!

Haidar, Lionel Haj Ali
17001
Respuesta del desarrollador Haidar, Lionel Haj Ali 2023.06.30 07:55
I am very happy of your review! Thanks Ben and wish you safe trading with drawdown limiter.
CosMean
361
CosMean 2023.06.29 13:12 
 

Great product and very useful. Amazing communication with the developer. He is very receptive to new ideas. He liked my idea to be able to limit DD per magic number - should you have multiple copiers or EAs -> this way good performers won't be "punished" by the DD of a bad performer Hopefully we will see this feature live soon - as per his promise it should be in the next release. Thank you very much :)

Haidar, Lionel Haj Ali
17001
Respuesta del desarrollador Haidar, Lionel Haj Ali 2023.06.29 13:54
Thanks a lot for the review and your trust! Much appreciated.
Alex
73
Alex 2023.06.05 19:49 
 

Great product and great experience with communication from the seller. Any questions he answered clearly and quickly. 100% recommend this product if you are looking for an equity protector that works well for Prop firms and Daily Drawdown limits. Will keep and eye on this seller for future products.

Haidar, Lionel Haj Ali
17001
Respuesta del desarrollador Haidar, Lionel Haj Ali 2023.06.05 20:01
Thanks a lot, Alex, I really appreciate your review.
hikari678
411
hikari678 2023.05.24 08:29 
 

Very good tool for prop firm account protection. Also the author is a very nice person/developer provids very good support.

Haidar, Lionel Haj Ali
17001
Respuesta del desarrollador Haidar, Lionel Haj Ali 2023.05.24 08:56
Thanks a lot 😊 Happy to have you in my happy client circle.
David Hausberger
700
David Hausberger 2023.05.12 20:48 
 

Really good and cheap DD Limiter . Great Work

Haidar, Lionel Haj Ali
17001
Respuesta del desarrollador Haidar, Lionel Haj Ali 2023.05.12 20:50
Thanks for the feedback, much appreciated 👍
Respuesta al comentario
Versión 3.9 2024.03.04
In addition to the default option to track the current range profit/loss, a new option to track daily starting equity and high water equity
Add more precision to the way drawdown is triggered
Add code optimization for faster reaction
Add capacity to run checks on tick
Add some log messages for when drawdown is reached
Versión 3.8 2024.01.05
⚠️Correction of a bug related to the auto-close feature
⚠️Correction of labels in the display messages
Versión 3.7 2023.10.11
Set by default the flag to activate the rollover security zone to false
Solve bug of closing trades in rollover security zone when DD is set in money
Solve bug of closing trades in rollover security zone when multiple instances of DD limiter are used
Adding auto-close trades on a specific day and time
Versión 3.6 2023.08.12
Security Zone has it is own percentage, and user can decide to close all trades in the security zone with a lower percentage than the daily DD
One instance of DD limiter can now manage multiple EA
Better labeling of the DD details panel
Adapt the traffic light to 4K screen resolution
Solve race condition between DD limiter and Algo Trading Disabler - Algo trading will only be disabled after all positions are closed by DD limiter
Versión 3.5 2023.07.13
Better handling reset when using a specific range
Optimization of checks to consume less memory and cpu
Versión 3.3 2023.07.05
Adding control by EA number so you can manage drawdown by a given EA (portfolio management)
Adding the capacity to launch multiple DrawDown limiters on the same account (make sure to choose different magic numbers)
Solve a minor issue in commission Calculation for MT5 only
Extra check on inputs before starting the EA
Add close of charts if DD reached
Adjust the decimal display in the details view to take two decimals for DDD and GDD
Versión 3.2 2023.06.24
Add decimals to "Max % or Money Value" in risk per trade section
Versión 3.1 2023.06.07
Adding the feature to alert the user when a trade is set with no stop loss
Adding the feature to alert the user when a trade is not respecting the user's risk per trade, % from balance, % from equity, or money value
Versión 3.0 2023.05.23
The Traffic light position and colors are now customizable to allow it to match your style
All actions taken by the EA can also be sent as push notifications - make sure to have the proper configuration in the tools -> options menu
DrawDown Limiter is now NFA FIFO compatible
Add the checks of floating Profit of open position before end of the day: End of Range Security Zone
Add the option to calculate daily drawdown from which is higher equity or balance on range reset
Versión 2.4 2023.05.15
If you are using the "DrawDown limiter" from another EA, you can also depend on it when MAX consecutive trades or Max range trades are reached
This version gives priority to the drawdown check, then the max position in the range, and then the max open positions
This version solves blinking when comments are active
Versión 2.3 2023.04.15
Partial take profits are no more considered unique trades (some limitations on MT4, please read the blog)
Adding an option to manage global account drawdown and its traffic light
Adding the possibility to monitor open positions and traffic light
Remove the option of a confirmation message before the terminal close when the threshold is reached as not useful in the current state
Adding the possibility to close extra trades on tick
Versión 2.2 2023.04.07
- Adding customization for text
- Adding a feature to hide text and gain space on charts
- Adding Traffic Lights to informed about your drawdown and trades threshold
Versión 2.1 2023.04.04
Adding Drawdown calculation as fixed money value
Adding a max number of trades per range
Adding different options to prevent overtrading (I do recommend you to learn discipline)
Versión 2.0 2023.03.22
Add the option to select drawdown calculation from Balance, Equity, or Initial deposit
Add swap and commission calculation for running positions
Normalize error and info messages
Add security checks on input parameters
Publish an MT4 version
Versión 1.3 2023.03.21
Minor Display modifications
Versión 1.2 2023.03.20
Adding the possibility to calculate drawdown from the current balance on a new period
Adding the possibility to close the terminal when draw down reached
Versión 1.1 2022.12.31
Minor changes in comments format
Prevent two DrawDown Limiter from running on the same account
Adjust default parameters to run once every 5 seconds