Description
(Mqlrobot) Equity Drawdown Guard_MQL4
(Mqlrobot) Equity Drawdown Guard_MQL4 is an Expert Advisor (EA) developed in MQL4 using Fxdreema, primarily aimed at controlling portfolio Drawdown (DD) by monitoring and managing the account’s Equity. It can halt or close orders once a predefined risk level is reached. Furthermore, it can be integrated with various trading strategies, such as EMA Crossover or other conditions for opening trades.
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🔹 Equity-Based Calculations – The EA calculates the percentage of equity and updates the current value in real-time.
🔹 Dynamic Market Adaptation – Whenever market conditions change, the EA checks Buy/Sell criteria, adjusting order sizes or stopping trades once the specified drawdown threshold is met.
🔹 Flexible Strategy Integration – Users can integrate this EA with various trading methods, ensuring risk-controlled execution.
🔹 Backtest & Forward Test Capabilities – Traders can perform backtests and forward tests to fine-tune or expand upon this strategy, ensuring it aligns with acceptable risk levels.
🔹 Optimized Performance Testing – Thorough testing, especially with 99.9% tick data, will yield more accurate performance insights.
Key Features & Benefits
✔ Designed to control Drawdown in MQL4 strategies and adaptable to various trading methods.
✔ Uses Equity-based calculations to stop or close orders according to a predefined risk threshold.
✔ Customizable & Scalable – Adjust parameters to fit different portfolio sizes and risk tolerance levels.
✔ Seamless Integration – Works with Martingale, Algorithmic Trading, and custom trading bots.
Warnings and Precautions
⚠ Users are fully responsible for their own trading risks.
⚠ Perform comprehensive backtesting and forward testing, especially with 99.9% tick data.
⚠ Always configure the EA to match your capital and acceptable drawdown levels before live deployment.
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MQL4, Automated Trading, Fxdreema, Martingale, MetaTrader 4, Forex EA, Expert Advisor, Trading Robot, Algorithmic Trading, Drawdown Control
