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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.


Avis 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
265
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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Partial Close Expert   est un outil qui combine de nombreuses fonctions en un seul système automatisé. Cet EA peut aider les traders à gérer leurs positions plus efficacement en offrant plusieurs options pour gérer les risques et maximiser les gains potentiels. Avec Partial Close Expert, les traders peuvent définir un       fermeture partielle       niveau pour verrouiller les profits, un       stop suiveur       niveau pour protéger les profits et limiter les pertes, un       seuil de rentabili
Take a Break MT5
Eric Emmrich
4.73 (15)
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
Envoyez des signaux entièrement personnalisables de MT5 à Telegram et devenez un fournisseur de signaux ! Ce produit est présenté dans une interface graphique conviviale et visuellement attrayante. Personnalisez vos paramètres et commencez à utiliser le produit en quelques minutes seulement ! Guide de l'utilisateur + Démo  | Version MT4  | Version Discord Si vous souhaitez essayer une démo, veuillez consulter le Guide de l'utilisateur. L'émetteur de MT5 vers Telegram NE fonctionne PAS dans le
YuClusters
Yury Kulikov
4.93 (41)
Attention: You can view the program operation in the free version  YuClusters DEMO .  YuClusters is a professional market analysis system. The trader has unique opportunities to analyze the flow of orders, trade volumes, price movements using various charts, profiles, indicators, and graphical objects. YuClusters operates on data based on Time&Sales or ticks information, depending on what is available in the quotes of a financial instrument. YuClusters allows you to build graphs by combining da
Filtrer:
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
265
Ehsan 2024.05.03 23:07 
 

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

Répondre à l'avis
Version 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.
Version 1.5 2023.10.06
Customizable Sizes Upgrade
Version 1.4 2023.09.22
Daily Drawdown Reset Function Update
Version 1.3 2023.09.04
Fully Customizable Colors
Version 1.2 2023.08.30
Update on drawdown reset at specific time
Version 1.1 2023.08.30
Fixed drawdown reset on daily bar start