This tag is associated with 2 posts

Drawdown Percent Close EA

This is a very simple trade management EA that will close all your Open trades (or Open AND Pending Trades) when your drawdown percentage exceeds a set limit. E.g. Balance = $10,000, if “DrawdownPercent” is set at 20.00, if Equity falls below $8,000, all Open Orders will be closed I wrote it because a myfxbook … Continue reading

Maximum Relative Drawdown in MT4

This post is split into 3 parts. Part 1 explains how MT4 records Relative Drawdown, which is not well understood. Part 2 will show my code to calculate Relative Drawdown against Balance just prior to a trade, which I inherently find much more useful. Part 3 shows the mql4 code for calculating and displaying this … Continue reading



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