Simple Drawdown Protection EA

Drawdown protection EA for MT5 (not MT4)

Description: 

1. Set DD levels A (40% example) and B (20% example),

2. When DD reach A, then close/partial close positions one by one to reduce the DD level to reach B

3. The priority of positions to be closed is the position which has most loss in pips/points, not in currency.

4. If set B to “0”, then close all orders when reach A

5. If the DD reach A later after again, close all(true/false) or close to B again.

6. When triggered, close all pending orders(true/false)

7. When triggered, stop all other EA running on the same terminal(true/false)

8. Other EA Stop After Trigger: Select type, how long EA stop after trigger.

None: EA will not stop. It runs again after trigger.

Stop EA for X-Minute: EA will stop for X-Minute then runs again.

Stop EA For This Day: EA run again at first trading minute next day.

Stop EA For Until Reset EA: EA will stop until you remove EA and attach again.

9. Send alert when triggered (true/false)

10. Alert setting