DrawdownMgr
DrawdownMgr
DrawdownMgr
ID 215
Category: Products - MT5 Plugins
Version: 1.0.4.5
Release date: 2017-09-27
Developer: Salt Technologies, LLC
MetaTrader 5 plugin for limiting maximum drawdown on open account positions
Detailed descriptionDescription
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:
AutoRouteRequests – flag for activating the automatic route mode of the configured routing. If 1, then the plugin will confirm the request; If 0, then it will go to routing.
| Data type: | numeric |
| Default value: | 1 |
| Example value: | 0 |
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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