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EA Drawdown Limiter MT4

30 USD

Versione demo scaricata: 6

Pubblicato: 1 novembre 2023

Versione attuale: 1.1

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EA Drawdown Limiter MT4

Utilità
Mr James Daniel Coe
Versione: 1.1
Attivazioni: 5

Click here to see my best trading robot: Prosperity MT5!
Prosperity MT4 version

Some EAs we use are great, but sometimes they don't have built-in drawdown limiters internally that just affect the EA. Other DD limiters operate on the whole account, this one is designed specifically so one EA (designated by the magic numbers it uses) can be monitored and closed off if it reaches a certain DD limit.

1. Find the magic numbers the EA uses. Normally (including for martingale / grid EAs) they start with a base number and go up. Right-click 'Columns' in your terminal and select 'Magic Number' to see which number(s) your EA uses.

2. Open a blank EURUSD or other popular chart select the 1min timeframe (recommended), then add EA Drawdown Limiter to that chart. Input the Base Magic Number your EA uses in the 'EA Tracking ID / Base Magic Number' box, and enter the account balance drawdown you want to limit the EA to.

3. When EA Drawdown Limiter finds trades from the EA's Magic Number are exceeding the balance drawdown you've entered, EA Drawdown Limiter will close all of the EA's trades.

And that's it! I hope this Utility serves you well, enjoy :)

FAQ

Does EA Drawdown limiter need to be attached to a chart of the same pair the EA uses?

No, it can be attached to any pair chart, I recommend EURUSD M1. It DOES have to be attached to a chart within the same terminal and account that the EA you want to control is using.

Some details were changed either by me or every tick, why haven't the numbers in EA DD Limiter changed yet?

EA DD Limiter only updates at the frequency of once per bar of the chart it's attached to. If it's attached to an M30 chart, it will only update every 30 minutes, for M1, it will update every minute (this is to save processing power). Please note, it will also only check to see if it needs to close your EA trades at the frequency of the chart bars too. Because we're dealing with drawdown limits, this is why I recommend the most frequent chart, M1.

Should I test EA Drawdown Limiter works with my account before relying on it in my live account?

YES! It's important to make sure it closes your EAs trades / everything works as expected. I recommend you input the EA's Base Magic Number and select '0.01' as the DD limit percentage. Then when your EA opens a trade and it goes into drawdown, the EA should close the trade quickly, and you should find the trade making a small loss in your trade history tab. This is a successful test.

What does the 1-+20 mean for Magic Numbers?

For most EAs, they will trade using the EA ID or Magic Number as a base number, then subsequent trades will be made with numbers going up from there, e.g. Basic Magic Number = 10001. Trade 1 = 10001, trade 2 = 10002, 3 = 10003, etc. EA Drawdown limiter covers / monitors all of these trades up to the 20th one, e.g. 10021.

MY PRODUCT LINKS

PROSPERITY MT5
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[跟单系统] T he most friendly Copier interactive interface, the most abundant easy-to-use functions, and the best Copy solution. EASY : Easy to use, load and select the Master or SLAVE to use easily FAST: Quickly copy orders, algorithmic optimal follow-up mechanism, priority calculation of new signals, priority queue processing received special signals Multiple: 1. Support multiple signals to be sent at the same time, multiple accounts can select multiple accounts to copy at the same time

68 USD

Vuoi diventare un trader forex a 5 stelle costantemente redditizio? 1. Leggi la descrizione di base del nostro semplice sistema di trading e il suo importante aggiornamento della strategia nel 2020 2. Invia uno screenshot del tuo acquisto per ottenere il tuo invito personale alla nostra esclusiva chat di trading Questo Trade Manager è l'aggiunta ideale per tutti gli utenti FX Trend che amano utilizzare una gestione completamente automatizzata delle operazioni. Rileva immediatamente le tu

49 USD

FFXMV Dashboard + CSM is a custom indicator combined with Currency Strength Meter . It is created to give the Traders a full view of what is going on in the market. It uses a real time data to access the market and display every bit of information needed to make a successful trading. Before attaching this Indicator to your window chart, go to your MT4's Market Watch panel and HIDE all the Currency pairs you don't need or trade and leave the rest there. The reason is that FFMV Dashboard will DISP

375 USD

9 consulenti al prezzo di uno L'ultimo bot che dovrai mai acquistare. Ultimate Bot è un Expert Advisor multi-strategia che fa trading su XAUUSD, GBPUSD, AUDCAD, USDCAD, EURGBP, EURUSD, GBPJPY, USDJPY e EURJPY, utilizzando una combinazione di modelli di trend-following, mean-reversion e breakout. Ogni strategia fa trading sul capitale del conto, quindi se un gruppo è in drawdown, gli altri riducono il rischio, lavorando insieme per ottimizzare la performance. L'impostazione di una volta del

1 350 USD

LA NUOVISSIMA VERSIONE AGGIORNATA DI CAD SNIPER, 'CAD SNIPER X ' È APPENA STATA LANCIATA! Migliaia di operazioni in più | Nessuna limitazione del broker | Statistiche migliori | Strategie multiple Dai un'occhiata qui: https://www.mql5.com/en/market/product/111918 CAD Sniper è progettato solo per i broker più popolari (vedi immagini). Può essere testato con tutti, ma i risultati possono variare. Goditi CAD Sniper come prodotto gratuito ;) Inviami un messaggio privato subito dopo il dow

FREE

BUILDING ON THE SUCCESS OF MY POPULAR FREE EA 'CAD SNIPER'... I PRESENT CAD SNIPER X! THOUSANDS MORE TRADES | NO BROKER LIMITATIONS | BETTER STATISTICS | MULTIPLE STRATEGIES Send me a PRIVATE MESSAGE after purchase for the manual and a free bonus TWO STRATEGIES IN ONE FOR AUDCAD, NZDCAD, GBPCAD and CADCHF Strategy 1 can be used with any broker, trades much more frequently and is the default strategy for CAD Sniper X. It's shown robust backtest success for many years and is adapted

149 USD

Click here to see my best trading robot: Prosperity MT5 ! Prosperity MT4 version Some EAs we use are great, but sometimes they don't have built-in drawdown limiters internally that just affect the EA. Other DD limiters operate on the whole account, this one is designed specifically so one EA (designated by the magic numbers it uses) can be monitored and closed off if it reaches a certain DD limit. 1. Find the magic numbers the EA uses . Normally (including for martingale / grid EAs) the

30 USD

High growth, low draw-down bot. Great for beginners AND pros. 5 COPIES LEFT - NEXT PRICE $999 Contact me after purchase for group info, manual and a personal bonus! Prosperity live fund, real money (>$2,000) signal: CLICK HERE ABOUT A rare diamond in a sea of EAs - 4x improvements in most backtest stats. We read descriptions saying 'no martingale, grid, or 'AI'' - I offer alternate parameters... Original EA No history reading No .set files changing constantly, all built-in as default Not an 'e

599 USD

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