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Drawdown Monitor

5

Drawdown Monitor EA

Risk management made easy. Balance and equity monitoring, closing positions, deleting orders, notifications by email and/or push on mt5-mobile.

Security for your Money or Prop Trading accounts.

This Expert Advisor constantly monitors the account balance and equity.

If the maximum daily drawdown is reached, all open positions will be closed, open orders will be deleted, a notification will be sent by email/push.

In addition, the EA creates a global variable, which ensures that all EAs offered by me on the MQL5 market do not open new positions. This value is reset daily at an adjustable time and the global variable is deleted.

Withdrawals are now no longer calculated as a drawdown. There will be a separate announcement about this (shown on second Screenshot).

If the maximum unrealized overall drawdown is reached, only a notification is sent via email/push.

The EA works optimally on EUR/USD H1 chart. So that everything is easy to read, the chart properties are set up on init as shown in the last screenshot.


Avis 6
Mehdi Banazadeh
255
Mehdi Banazadeh 2024.07.26 11:30 
 

Very good EA, even better than some similar paid ones. Thank you Benjamin!

I am wondering if you can add the option of setting DD in currency number in addition to DD%. For example if the DD reaches to $200 EA sends a notification or does some protective actions like closing all positions.

Todo Muhamit Schaft
540
Todo Muhamit Schaft 2023.11.29 17:35 
 

Great protection. I guess similar to paid alternatives. Pay attention that it will stop any open orders, but not remove the ea. So you have to remove the ea's yourself as trades can continue. When you are using it for a prop account this is something to be aware of. Developer is open to improvements. He fixed a bug with reloading the ea quickly. Thanks for this ea!

Gryffn10
191
Gryffn10 2023.09.16 11:52 
 

This is very good... Thank you! Is it possible that you include the highest watermark daily drawdown percent? that if we look at the screen it will show up for that day the highest % DD...

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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)
Présentation du   OrderManager   : Un utilitaire révolutionnaire pour MT5 Gérez vos transactions comme un pro avec le tout nouveau utilitaire Order Manager pour MetaTrader 5. Conçu avec simplicité et facilité d'utilisation à l'esprit, l'Order Manager vous permet de définir et de visualiser sans effort le risque associé à chaque transaction, vous permettant de prendre des décisions éclairées et d'optimiser votre stratégie de trading. Pour plus d'informations sur l'OrderManager, veuillez vous réfé
Stats Dashboard
Apex Software Ltd
5 (3)
Caractéristiques Principales Métriques Détails des Profits et de la Performance Analyse des Données en Temps Réel Rapports Résumés Quotidiens Vue du Calendrier Mensuel Filtre par Algorithmes Spécifiques (Numéros Magiques) Analyse des Données en Temps Réel Accès aux Données de Trading en Temps Réel : Restez informé des derniers mouvements du marché et de vos performances de trading. Prenez des Décisions Éclairées Basées sur l'Analyse du Marché en Direct : Utilisez des données à jour pour des déci
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
KT Equity Protector MT5
KEENBASE SOFTWARE SOLUTIONS
4 (2)
KT Equity Protector EA consistently monitors the account equity and closes all the market and pending orders once the account equity reached a fixed equity stop loss or profit target.  After closing all trading positions, the EA can close all open charts to stop other expert advisors from opening more trading positions. Equity Stop-Loss If your current account balance is $5000 and you set an equity stop loss at $500. In this case, the KT Equity Protector will close all the active and pending
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
Filtrer:
Mehdi Banazadeh
255
Mehdi Banazadeh 2024.07.26 11:30 
 

Very good EA, even better than some similar paid ones. Thank you Benjamin!

I am wondering if you can add the option of setting DD in currency number in addition to DD%. For example if the DD reaches to $200 EA sends a notification or does some protective actions like closing all positions.

Leon Nyateka
24
Leon Nyateka 2024.03.17 16:27 
 

downloading fails

Todo Muhamit Schaft
540
Todo Muhamit Schaft 2023.11.29 17:35 
 

Great protection. I guess similar to paid alternatives. Pay attention that it will stop any open orders, but not remove the ea. So you have to remove the ea's yourself as trades can continue. When you are using it for a prop account this is something to be aware of. Developer is open to improvements. He fixed a bug with reloading the ea quickly. Thanks for this ea!

Gryffn10
191
Gryffn10 2023.09.16 11:52 
 

This is very good... Thank you! Is it possible that you include the highest watermark daily drawdown percent? that if we look at the screen it will show up for that day the highest % DD...

Rafael Alfredo Capucho
359
Rafael Alfredo Capucho 2023.08.29 21:51 
 

A pretty new EA, but the developer is commited to its enhancements. gonna be a super EA soon!

VinS
313
VinS 2023.08.25 14:38 
 

Exactly what I was looking for to protect my capital from unexpected volatility. Thank you very much Benjamin for offering it for free and for the improvements.

Répondre à l'avis
Version 1.13 2024.01.29
Pushnotifications added (must be activated in mt5-settings).
Version 1.12 2023.11.17
Withdrawals are no longer calculated as a drawdown.
There will be a separate announcement about this.
Version 1.11 2023.11.16
small error correction
Version 1.10 2023.11.13
Daily low and high values are shown
Version 1.8 2023.09.04
New function:
If the font size is changed, the line spacing is automatically adjusted.
It can be set separately whether positions should be closed and/or orders deleted when the daily maximum loss is reached.
Version 1.7 2023.08.30
A small bug has been fixed
Version 1.6 2023.08.29
Function added: Should Positions be closed/Orders deleted when daily drawdown is rached.
Version 1.5 2023.08.25
Fontsize adjustable
Version 1.4 2023.08.25
Changed the display/calculation logic for daily loss. The first value now shows the maximum value of the day, the second value the start value of the day (this is reset daily at the adjustable time.
Version 1.3 2023.08.16
Fixes a bug in the calculation of the daily maximum equity
Version 1.2 2023.08.15
Option to turn off color changes (background/candles).
Version 1.1 2023.08.15
V1.01: - Other values are displayed: accound balance, equity, daily equity high.
- The chartview is automatically adjusted on init.