Products - MT5 Plugins

DrawdownMgr

ID 215

Category: Products - MT5 Plugins

Version: 1.0

Release date: 2017-09-27

Developer: ITTrendex, LLC

MetaTrader 5 plugin for limiting maximum drawdown on open account positions

Price:
1800 USD

Product type:
Available for downloading


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Detailed description

Description

The plugin allows you to control the maximum drawdown on MT5 accounts and prohibits trading when the specified percentage of drawdown is reached.

The plugin supports the maximum drawdown parameters in percentages for the group in the form Group=percentage of drawdown, or Account=percentage of drawdown.

When the drawdown on open account positions is reached, in the group registered in the plugin, up to the specified percentage of the account balance, the plugin closes all the account positions on the market and prohibits trading on the account if the specific flag is set.

For example. The real\Example group has a percentage of drawdown of 20%.
The account of this group has a balance of $1000
The positions of this account will be closed on the market by the plugin when the P/L of open positions reaches -$200.

 

Settings:

CheckPeriodMsecs – periodicity of the drawdown check in milliseconds.

Data type: numeric
Default value: 60000
Example value: 100000

Comment_AutoClosePosition – a comment that will be given for closed positions when they are automatically closed with a plugin.

Data type: string
Default value: empty/td>
Example value: 1

Comment_AutoRemoveOrder – a comment that will be given for the removed orders.

Data type: string
Default value: empty/td>
Example value: 1

DisableTrade – flag of trade prohibition upon the arrival of a given drawdown. If 1 - then trade will be blocked in case of closing positions at drawdown.

Data type: numeric
Default value: 0/td>
Example value: 1

DrawdownLimitByGroup_GROUPNAME – percentage of drawdown for the trading group of accounts.

Data type: numeric
Default value: (setting should be added manually)/td>
Example value: 20.0

DrawdownLimitByUser_ACCOUNTNUMBER – percentage of drawdown for the trading account.

Data type: numeric
Default value: (setting should be added manually)/td>
Example value: 20.0

 

Used components:

MetaTrader 5 Server API, MetaTrader 5 Server, OS Windows

 

After purchase you will receive:

Compiled plugin without source codes with configuration file

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