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Drawdown Limiter Advanced

5

Whether you are a trader that use 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

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.


Recensioni 1
Ehsan
198
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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YuClusters
Yury Kulikov
4.93 (43)
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
DrawDown Limiter
Haidar, Lionel Haj Ali
5 (17)
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
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
The News Filter MT5
Leolouiski Gan
4 (4)
Questo prodotto filtra tutti gli esperti consulenti e i grafici manuali durante il periodo delle notizie, così non dovrai preoccuparti di improvvisi picchi di prezzo che potrebbero distruggere le tue impostazioni di trading manuali o le negoziazioni effettuate da altri esperti consulenti. Questo prodotto viene fornito anche con un sistema completo di gestione degli ordini che può gestire le tue posizioni aperte e gli ordini in sospeso prima della pubblicazione di qualsiasi notizia. Una volta che
Exp5 Duplicator
Vladislav Andruschenko
4.71 (7)
Expert Advisor Duplicator   ripete   operazioni/posizioni/segnali un numero prestabilito di volte sul tuo conto   MetaTrader 5   . Copia tutte le operazioni aperte manualmente o da un altro Expert Advisor. È possibile aumentare la dimensione del lotto dei segnali. Copia i segnali e aumenta il lotto dai segnali! Aumento del lotto del segnale MQL5 Sono supportate le seguenti funzioni: lotto personalizzato per operazioni copiate, copia di StopLoss, TakeProfit, utilizzo di trailing stop e molto alt
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Ehsan
198
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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Versione 1.5 2023.10.06
Customizable Sizes Upgrade
Versione 1.4 2023.09.22
Daily Drawdown Reset Function Update
Versione 1.3 2023.09.04
Fully Customizable Colors
Versione 1.2 2023.08.30
Update on drawdown reset at specific time
Versione 1.1 2023.08.30
Fixed drawdown reset on daily bar start