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I would like to make an indicator that can stop trading activities when the starting balance of the time window drops more than x%.
Example:
7 August 2017
Balance $10000
Daily max drawdown = 10% = $1000
Weekly max drawdown = 15% = $1500
Monthly max drawdown = 20% = $2000
When equity drops below $9000, it will close all trades, disable expert advisor and change password.
It will restart on the next day
8 August 2017
Balance $9000
Daily drawdown = 10% = $900 left to daily max drawdown
Weekly max drawdown = 15% X weekly start balance = 1500, 1500 - 1000 = $500 left to max drawdown
Monthly drawdown = 20% X monthly start balance = 2000, 2000 - 1000 = $1000 left to max monthly drawdown
Weekly drawdown will only restart on the start of the week
Monthly max drawdown will only restart on the start of the month
Yanıtlandı
Arabuluculuk
60
17%
/
32%
Arabuluculuk
31
39%
/
29%
Arabuluculuk
16
31%
/
63%
Arabuluculuk
39
28%
/
41%
Arabuluculuk
21
38%
/
38%
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