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Drawdown Manager MT4

Welcome to the Drawdown Manager MT4, a equity protector – A powerful MetaTrader 4 Expert Advisor designed to manage trades and safeguard your trading account. This tool is equipped with various settings to enhance your trading experience and protect your investments, making it particularly useful for proprietary trading firms.

Note: Download and test the   Drawdown Manager MT4   demo version on your demo account  here

MT5 version is avaialble here

Detailed documentation 

Features:

General Settings: Configure essential parameters such as the Magic Number for identification and various trading options like setting fixed loss amounts or percentage-based limits.
Swap and Commission: Enable the checking of swap and commission charges to ensure they align with trading strategies.
Safeguard Settings: Implement maximum limits on open trades, long and short positions, pending orders, and drawdown percentages to manage risk effectively. Additionally, set limits on the number of trades per day, week, or month.
Actions Settings: Enable automatic closure of trades during drawdowns, adjust chart visibility, and control terminal closure. Optionally, specify whether to close only the highest losing trade.
Display Settings: Customize the appearance of the dashboard, including panel dimensions, text size for readability, and colors for titles, labels, and values.
Alert Settings: Enable notifications for alerts, system notifications, and email notifications to stay informed about trading activities and potential issues.


Conclusion

The EA Utility Tool is a comprehensive solution for managing trades and protecting your trading account, making it an invaluable asset for proprietary trading firms. Configure the settings according to your trading strategy and risk tolerance to optimize your trading experience.

For support or additional information, please contact our dedicated support team.


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Trinh Dat
4.73 (11)
Utilità
The Expert Advisor will help you forward all pop-up alert with screenshot from  MetaTrader 4 to Telegram channel/ group, also forward all notifications to Telegram. Parameters  -  Telegram Bot Token - create bot on Telegram and get token.  -  Telegram Chat ID  - input your Telegram user ID,  group / channel ID  -  Forward Alert - default true, to forward alert.  -  Send message as caption of Screenshot - default false, set true to send message below Screenshot  How to setup and guide  - Telegram
Eezeorder 2
Tawanda Tinarwo
5 (2)
Utilità
NEW VERSION!  NB: IF YOU ARE USING A VERY HIGH RESOLUTION MACHINE AND THE EA DISPLAY LOOKS TOO SMALL, CONTACT ME SO I CAN HELP YOU. Open Multiple Trades on MT4 in 1 click at one price. Enter the Lot size Specify the number of trades you want to open Choose whether you want TP SL or Trailing Stop Once you are done, click Buy or Sell Open Multiple Pending Orders on MT4 in 1 click at one price. Enter the Lot size Specify the gap from the current price, where you want to place the pending order Spe
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Vladislav Andruschenko
4.48 (21)
Utilità
L'Expert Advisor   ripete   operazioni e posizioni o segnala un numero prestabilito di volte sul tuo conto   MetaTrader 4   . Copia tutte le operazioni aperte manualmente o da un altro Expert Advisor. Copia i segnali e aumenta il lotto dai segnali   ! Aumenta il numero di altri EA. Sono supportate le seguenti funzioni: lotto personalizzato per operazioni copiate, copia di Stop Loss, Take Profit, utilizzo di trailing stop. Versione MT5 Descrizione completa +DEMO +PDF Come comprare Come insta
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Trinh Dat
5 (4)
Utilità
The product will copy all  Discord  signal   to MT4   ( which you are member  ) , also it can work as remote copier.  Easy to set up. Work with almost signal formats, support to translate other language to English Work with multi channel, multi MT4. Work with Image signal. Copy order instant, auto detect symbol. Work as remote copier: with signal have ticket number, it will copy exactly via ticket number. How to setup and guide: Let read all details about setup and download Discord To MetaTrade
MT4 Local Trade Copier Pro
Biswarup Banerjee
3.58 (12)
Utilità
About The Product This is an mt4 expert advisor which will let the end user to copy trades from a source mt4 account to N different mt4/mt5 account in the same pc. It is specially useful when you want to copy your trades from an account to several client account or accounts which will have different parameter for those trades. This product provides options to copy trades with different options as well as copy them in reverse. Note: Download and test the    MT4 Local Trade Copier Pro     demo ve
OneClick Auto Close MT4
Kyra Nickaline Watson-gordon
Utilità
A utility to close all orders automatically when conditions meet. Various options are available to filter or select orders : Conditions : Closing conditions. 3 different conditions can be defined. EA will close orders anytime one or more defined conditions meet. Conditions can be defined based on account properties or selected orders properties. Also a fixed time to close orders is available. Type of orders : Buy / Sell / Buy Limit / Sell Limit / Buy Stop / Sell Stop Symbol Selection : All /
RedFox Copier Pro
Rui Manh Tien
4.73 (11)
Utilità
Time saving and fast execution Whether you’re traveling or sleeping, always know that Telegram To Mt4 performs the trades for you. In other words, Our   Telegram MT4 Signal Trader  will analyze the trading signals you receive on your selected Telegram channels and execute them to your Telegram to MT4 account. Reduce The Risk Telegram To Mt4   defines the whole experience of copying signals from   Telegram signal copier to mt4 platforms. Users not only can follow all instructions from the sign
VirtualTradePad mt4 Extra
Vladislav Andruschenko
4.88 (57)
Utilità
Pannello di trading per il trading in 1 clic.   Lavorare con posizioni e ordini!   Trading dal grafico o dalla tastiera. Utilizzando il nostro pannello di trading, puoi fare trading con un clic dal grafico ed eseguire operazioni di trading 30 volte più velocemente rispetto al controllo MetaTrader standard. Calcoli automatici di parametri e funzioni che semplificano la vita di un trader e lo aiutano a condurre le proprie attività di trading in modo molto più rapido e conveniente. Suggerimenti gr
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Biswarup Banerjee
4.67 (3)
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Biswarup Banerjee
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Biswarup Banerjee
Experts
Product Name: Moving Average Crossover EA MT5 Description: Welcome to the pinnacle of automated trading with the Moving Average Crossover EA for MetaTrader 5. This expert advisor is meticulously designed to harness the power of moving averages, offering traders a versatile solution for capturing trend reversals and potential entry points. With an array of customizable settings and robust features, this EA is set to redefine your trading strategies and amplify your trading experience. For detaile
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Biswarup Banerjee
4.5 (2)
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CCI OverBought OverSold EA MT5
Biswarup Banerjee
Experts
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5 (1)
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Product Name: Grid Trade Manager MT5 Description: The Grid Trade Manager EA for MetaTrader 5 is meticulously crafted to oversee trades employing a grid trading strategy. It strategically places a sequence of pending buy and sell orders at predefined intervals, forming a grid pattern. This EA vigilantly monitors market fluctuations, dynamically adjusting the grid to optimize potential profits. Additionally, it incorporates robust risk management features to control grid size and curtail potential
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Double Top And Bottom Indicator
Biswarup Banerjee
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Knoxville Divergence EA
Biswarup Banerjee
Experts
The Knoxville Divergence EA uses advanced algorithms to analyze market indicators and identify profitable trading opportunities. It places trades based on the indicator values and is able to enter and exit trades quickly and efficiently, ensuring that traders are always on the right side of the market. In addition to its advanced trading capabilities, the Knoxville Divergence EA also incorporates a grid and martingale strategy for loss recovery. This means that if a trade goes against the trader
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Biswarup Banerjee
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Biswarup Banerjee
Indicatori
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Biswarup Banerjee
5 (1)
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Biswarup Banerjee
Indicatori
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Hedge Trade Manager MT5
Biswarup Banerjee
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Trailing Stop and Breakeven Manager
Biswarup Banerjee
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Product Name: Trailing Stop and Breakeven Management EA Description: This EA (Expert Advisor) is designed to set trailing stops and breakeven levels for trades based on input parameters and a magic number in MT5. It can be used to manage trades placed manually or by any other EA. The EA allows customization of various settings to suit your trading strategy. General Settings: Enable Magic Number (ENABLE_MAGIC_NUMBER): Enable to use a magic number for trades. Set to false for manual trades. Magic
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Bollinger Band Scanner MT5
Biswarup Banerjee
Indicatori
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Account Trailing Stop Manager MT5
Biswarup Banerjee
Utilità
Account Trailing Stop Manager MT5 Description: The "Account Trailing Stop Manager MT5" EA is designed to automatically calculate and remember the profit of the entire account or specific magic number, and trail it like a trailing stop loss. When the current profit becomes lower than the last saved profit, it will close all trades. This EA provides a convenient way to manage trailing stops for your account. For detailed documentation  Overall Settings/Input Guide   High Level Overview of Featu
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Fibonacci Levels Alert
Biswarup Banerjee
Indicatori
The MT4 indicator that we are describing is designed to provide traders with an alert, notification, and email when Fibonacci levels are crossed. The Fibonacci levels are calculated based on the zigzag indicator, which helps to identify potential trend reversals in the market. When the indicator detects that a price has crossed a Fibonacci level, it will trigger an alert and send a notification to the trader's MT4 mobile app. Additionally, the indicator can be configured to send an email to the
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Day and Week Separator
Biswarup Banerjee
Indicatori
Day and Week separator is a very simple tool to show day and week separator lines from a specific time mentioned in the input. This is specially helpful for the trades who has time zone differences in their broker terminal. Let us take an example  If user know that at 7:00 in the chart his local time 00:00 then he will simply put 7:00 in the input . Separator lines will starts drawing from current day's 7:00 There is also a bold line for weekly separator
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CCI Multicurrency Scanner MT5
Biswarup Banerjee
Indicatori
Welcome to the world of advanced trading with the CCI Multicurrency Scanner for MT5! Elevate your trading experience with our powerful MT5 indicator meticulously designed for seamless analysis and real-time insights. Key Features: Effortless CCI Scanning: Unlock the full potential of the CCI Multicurrency Scanner for MT5 by effortlessly scanning multiple currency pairs. Receive instant alerts when specific Commodity Channel Index (CCI) conditions are met, ensuring you stay ahead of market moveme
MT5 Local Trade Copier Pro
Biswarup Banerjee
2 (1)
Utilità
About The Product This is an MT5 expert advisor which will let the end user to copy trades from a source mt5 account to N different mt5/mt4 account in the same pc. It is specially useful when you want to copy your trades from an account to several client account or accounts which will have different parameter for those trades. This product provides options to copy trades with different options as well as copy them in reverse. Note: Download and test the  MT5 Local Trade Copier Pro   demo versio
Close Manager MT5
Biswarup Banerjee
Utilità
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STM Trade Panel
Biswarup Banerjee
Utilità
Simple trade manager panel is a very usefull utility which gives the trader a flexibility to place orders and close them by profit and loss amount . It also helps in trailing the profit with amount.  It works seamlessly on mt4 terminal. It has features to close specific order type or close all trades Features in nutshell Stoploss ,Takeprofit and Lot size control Book Profit based on amount Cut Loss based on amount Trail Profit after some time Close specific order Type Close all orders
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Balanced Martingale
Biswarup Banerjee
Experts
This is very simple strategy based on martingale and reverse martingale strategy. When Ea keeps on winning it multiplies with winning multiplier ,when it has a loosing streak it multiplies with loosing multiplier. Whenever cycle goes from winning to loosing or vice versa the lot size will be reset to default one. This will keep the risk minimized as we are using it for both side. Also when we are in loosing streak we keep on changing the order type from its previous example for example if we hav
Balance Martingale MT5
Biswarup Banerjee
Experts
This is very simple strategy based on martingale and reverse martingale strategy. When Ea keeps on winning it multiplies with winning multiplier ,when it has a loosing streak it multiplies with loosing multiplier. Whenever cycle goes from winning to loosing or vice versa the lot size will be reset to default one. This will keep the risk minimized as we are using it for both side. Also when we are in loosing streak we keep on changing the order type from its previous example. For detailed documen
STC Indicator
Biswarup Banerjee
Indicatori
STC Indicator  - Boost Your Trading Strategy with Smart Trend Confirmation Description: Enhance your trading strategies and maximize profitability with the STC Indicator for TradingView. Developed by industry experts, the STC Indicator (Schaff Trend Cycle) is a powerful technical analysis tool that combines the best of both trend-following and oscillator indicators to provide reliable buy/sell signals. With its unique algorithm, the STC Indicator effectively identifies trend cycles and confirms
GG TrendBar
Biswarup Banerjee
Indicatori
GG TrendBar Indicator - Your Multitimeframe ADX Trading Solution Experience the power of multi-timeframe trading with the "GG TrendBar MT5 Indicator." This versatile tool, built upon the ADX indicator, offers precise insights by considering multiple timeframes, ensuring you make well-informed trading decisions. Basic Details : Indicator Type : GG TrendBar Indicator (Multi-Timeframe ADX) Key Metrics : Real-time ADX analysis across multiple timeframes. Customization : Enable or disable specific ti
Angle of Averages
Biswarup Banerjee
Indicatori
Angle of Moving Averages This indicator is very simple yet powerful concept which constantly calculate the slope of the current bar moving average with respect to the N bar before moving average value. This no only give a good entry and exit signal but also it shows traders the strength of the signal. It shows positive green histogram when market is moving toward upward direction and red histograms for downtrend. When large histograms found means market has  very strong trend. Inputs Available
Angle of Moving Average
Biswarup Banerjee
Indicatori
Angle of Moving Averages This indicator is very simple yet powerful concept which constantly calculate the slope of the current bar moving average with respect to the N bar before moving average value. This no only give a good entry and exit signal but also it shows traders the strength of the signal. It shows positive green histogram when market is moving toward upward direction and red histograms for downtrend. When large histograms found means market has  very strong trend. Inputs Available
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skycheok
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skycheok 2024.04.12 07:28 
 

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Versione 7.0 2024.04.24
Close terminal reclosed problem resolved
Versione 6.0 2024.04.22
fixed the max open orders
Versione 5.0 2024.04.22
drawdown calculation converted to negative logic
Versione 4.0 2024.04.12
Fix applied for
Daily , Weekly and Monthly Drawdown Percent Closure
Versione 3.0 2024.03.22
fix highest loss logic
Versione 2.0 2024.03.22
By default magic number filter is disabled

New inputs added
Enable/Disable Closed Trades in Drawdown Calculation(When false then it will calculate the drawdown based on running trades only)
Close Highest Loosing Trade- (When set to true then only closes the highest loosing trade, rest will be opened)