Trade Panel Prop Firm Drawdawn Limiter Pro in MetaTrader 4

The Trade Panel Prop Firm Drawdawn Limiter Pro is one of TradingFinder's specialized products, designed with advanced capabilities for professional traders, especially users of prop firm accounts on the MetaTrader 4 platform.

This tool allows Forex traders to have precise control over their risk and trades, moving them towards capital preservation and achieving sustainable profit.

The Prop Account Protector Expert Advisor, in a multi-symbol environment with a professional and modular structure, provides the ability for complete order management, setting stop loss and take profit, Break Even adjustment, and using Partial Close in a simple and fast manner.

Additionally, an advanced Forex and Prop Firm capital management settings panel with seven practical tabs is available to the trader to customize all parameters and trading conditions based on their trading strategy, style, and personal plan.

The capability to limit drawdown in dollar or percentage terms is one of the key features of this tool, which is highly effective in daily risk management and preventing sudden disqualification from prop account verification conditions.

Specifications Table for Trade Panel Prop Firm Drawdawn Limiter Pro

The table below shows the information and specifications of the Trade Panel Prop Firm Drawdawn Limiter Pro:

Indicator Categories:	Money Management MT4 Indicators Trading Assist MT4 Indicators Risk Management MT4 Indicators
Platforms:	MetaTrader 4 Indicators
Trading Skills:	Advanced
Timeframe:	Multi-Timeframe MT4 Indicators
Trading Style:	Day Trading MT4 Indicators Intraday MT4 Indicators Scalper MT4 Indicators
Trading Instruments:	Share Stocks MT4 Indicators Indices Market MT4 Indicators Stock Market MT4 Indicators Forex MT4 Indicators

Trade Panel Prop Firm Drawdawn Limiter Pro at a Glance

The Trade Panel Prop Firm Drawdawn Limiter Pro, using its specialized features, provides users with advanced capabilities for trade management.

These features include setting multiple take profit and stop loss levels based on the trading strategy system, determining daily and weekly trade entry volume, specifying the permissible time frame for entering trades, and selecting authorized symbols for trading.

Awareness of Forex market time is crucial when setting these parameters.

Prop firm, Forex, and Crypto traders can use this powerful expert advisor for Forex capital and risk management to easily manage their trades, set their pending orders, and customize the expert advisor's settings based on their personal trading plan.

This professional tool also offers important features such as Partial Close and risk-free trading with the BreakEven option, enabling traders to execute and control their trades with greater precision and discipline.

Adding License to the Expert Advisor

To use the Trade Panel Prop Firm Drawdawn Limiter Pro, a dedicated license is required. Please contact us via live support on the website or through Telegram or WhatsApp to receive an activation code or a free license.

Buy Trades Using the Expert Advisor

On the 30-minute chart of the Nasdaq symbol (NDQ100), a buy trade has been executed using the Trade Panel Prop Firm Drawdawn Limiter Pro.

This expert advisor, utilizing an advanced Forex capital management structure, provides traders with simpler yet more specialized trade management through a practical main panel.

Furthermore, this tool offers a specialized management box panel, providing important functionalities such as Break Even, Partial Close, and closing active trades.

Complete information for each trade, including order type, volume, real-time profit and loss, risk management status, and other important details, is displayed in the trade management box section, allowing traders to execute their trading decisions with greater precision through more accurate monitoring and faster control.

Sell Trades Using the Expert Advisor

On the 4-hour chart of the GBP/USD currency pair, a sell trade has been executed with a defined stop loss and several staged take profit levels.

Prop firm traders in the Forex market can use the Trade Panel Prop Firm Drawdawn Limiter Pro to manage their trades with high speed and yet with complete discipline based on their strategy and trading plan.

This expert advisor, with its Multi Take Profit capability, allows for profit realization at different price levels, enabling the trader to secure parts of the profit at various points as the price moves in favor of the trade. At the entry point, three key functionalities are available to traders:

• Full trade closure
• Break Even to prevent potential loss
• Partial Close for staged exit from the trade and better profit management

These features, alongside the professional management panel, have transformed the expert advisor into a powerful tool for risk control and increasing precision in trade execution.

Managing trades effectively also involves considering the Forex market opening and closing hours to optimize entry and exit points.

Main Trade Management Panel

Traders can easily and quickly execute buy and sell trades using the Main Trade Management Panel.

This panel allows for setting pending buy and sell orders and permits users to determine the trade entry volume, Take Profit, and Stop Loss amounts in a fully customized manner.

Setting

• One Click trading: Set the status for enabling/disabling trades with confirmation;
• Having Take Profit: Set the status for enabling/disabling take profit execution in trades;
• Having Stop loss: Set the status for enabling/disabling stop loss execution in trades;
• Virtual TP & SL: Set the status for enabling/disabling virtual execution of trades;
• Partial Close: Set the status for enabling/disabling partial closure of 50% of trade volume;
• Show all TP & SL: Set the status for moving trades from server mode to the expert advisor list.

Panel

• Time to the next bar: Amount of time remaining until the current candle closes.

Order

• Buy and Sell: Execute buy and sell trades instantly;
• BUY.p and SELL.p: Set pending buy and sell trades.

Lot

• N/A: Determine and set the trade entry volume.

Risk

• SL type: Determine stop loss based on dollar amount ($), balance percentage (%), and pips (P).

Reward

• Single TP RR: Determine the risk to reward ratio;
• Multiple TP: Determine multiple take profit levels with specified values.

PM

• B All: "Risk Free" all trades option;
• C All: Close all positions;
• C Last: Close the last position;
• Visual: Visually display the risk to reward ratio;
• Position Management: Open the trade management box panel;
• Account Protector: Open the account protector management panel.

Account Protector Management Panel

Prop firm traders can use this specialized panel to customize it according to their personal trading plan and strategy to prevent mistakes such as Over Trading and consecutive losses.

This panel includes 7 specialized tabs that provide a set of advanced features for risk management, capital management, and protecting Forex prop accounts, enabling traders to operate with trading discipline and sound capital management for professional performance in the market.

Volume Tab

The Trade Panel Prop Firm Drawdawn Limiter Pro, by offering a dedicated "Trade Volume" tab in the Account Protector panel, allows traders to have precise control over their risk appetite and trade entry volume.

In this section, functionalities such as setting the maximum allowed volume per position, cap on the number of allowed trades, and limits on total daily and weekly trade volume are provided to the trader, enabling them to control their trading behavior within a logical and precise framework; This feature plays a key role in reducing emotional trading.

• Max Trade Size: Set the maximum size for each trade;
• Max Daily Size: Set the maximum daily trade size;
• Max Daily Number: Set the maximum number of daily trades;
• Max Daily Seq Loss: Set the maximum daily sequential loss;
• Max Daily Seq Profit: Set the maximum daily sequential profit;
• Max Week Size: Set the maximum weekly trade size;
• Max Week Number: Set the maximum number of weekly trades;
• Max Week Seq Loss: Set the maximum weekly sequential loss;
• Max Week Seq Profit: Set the maximum weekly sequential profit.

Time Tab

The Time tab, as the second settings section in the Trade Panel Prop Firm Drawdawn Limiter Pro, allows the trader to enter trades only within specified and authorized time frames.

This is particularly useful for aligning activities with specific Forex market hours. By setting the permissible start and end times for trading activity, user can avoid entering the market during low-volatility, high-risk hours, or outside the framework of their trading plan.

This capability, in a multi-timeframe and multi-symbol environment, enables the trader to create a regular trading routine for themselves and follow their decision-making in a more targeted and disciplined manner.

• Start Time: Set the trade start time;
• End Time: Set the trade end time;
• MON: Select Monday trading day and start/end trade time;
• TUE: Select Tuesday trading day and start/end trade time;
• WED: Select Wednesday trading day and start/end trade time;
• THU: Select Thursday trading day and start/end trade time;
• FRI: Select Friday trading day and start/end trade time;
• SAT: Select Saturday trading day and start/end trade time;
• SUN: Select Sunday trading day and start/end trade time.

Profit/Loss Limits Tab (P/L)

The Profit/Loss (P/L) tab is one of the specialized sections in the Trade Panel Prop Firm Drawdawn Limiter Pro that allows the trader to define and manage a specific amount of daily and weekly profit or loss.

In this tab, the trader can set profit and loss limits based on three key factors:

• Dollar amount
• Percentage amount
• Point amount

This capability allows the trader to stop further trading upon reaching the specified profit ceiling or loss floor, operating with a more disciplined trading routine.

The primary application of this tab is to prevent further losses and curb emotional behavior in the market; such that it prevents revenge trading during losses or excessive greed after achieving profits.

Consequently, the trader can conclude their daily performance with a calmer and more structured mindset, exercising more precise control.

• Max Day Profit: Set the maximum daily profit based on three modes of percentage, pips, and dollar;
• Max Day Loss: Set the maximum daily loss based on three modes of percentage, pips, and dollar;
• Max Week Profit: Set the maximum weekly profit based on three modes of percentage, pips, and dollar;
• Max Week Loss: Set the maximum weekly loss based on three modes of percentage, pips, and dollar.

Symbol Tab

In this tab, the capability to define permissible tradable symbols is provided for traders, so they are only allowed to enter trades on predefined symbols and cannot trade on miscellaneous symbols or those outside their trading plan.

This feature allows the trader to focus solely on symbols for which they have sufficient mastery and analysis, and prevents entry into symbols for which they lack knowledge or a suitable strategy.

• Current Chart: Only allowed to enter on the current chart;
• All Charts: Allowed to enter on all charts;
• Market Watch: Allowed to enter on Market Watch symbols;
• Symbols: Allowed to enter on desired symbols.

Trades Tab

This tab is considered an informational tab that displays the overall status of the trading account to traders.

By analyzing the data in this section, traders can evaluate their daily and weekly account performance and make decisions regarding correcting or continuing their trading trend. In this tab, important information such as the following are provided:

• Start of day and start of week balance
• Daily and weekly profit or loss amount
• Winning/Losing Streak

Also, daily and weekly drawdown amount; is provided to the user. Also, by clicking on the "DATA TAB" option, a real-time informational panel is displayed at the bottom left of the screen, providing the trader with the ability to monitor the account status in real-time.

• Start Day Bal: Display the start of day balance status;
• Start Week Bal: Display the start of week balance status;
• Day Profit: Display the daily profit status;
• Week Profit: Display the weekly profit status;
• Seq Profit: Display the profit sequence status;
• Seq Loss: Display the loss sequence status;
• Daily DD: Display the daily drawdown status;
• Weekly DD: Display the weekly drawdown status.

Take Profit & Stop Loss Tab (TP &SL)

In this tab, it is possible to set the status of mandatory or optional placement of Take Profit (TP) and Stop Loss (SL) for trades.

Traders can determine whether there is a requirement to define these levels in every trade. If a trade is registered without a take profit or stop loss, the system will alert the user to prevent the execution of trades without risk management.

An option to restrict the movement of TP and SL levels is also available; this feature is designed to prevent emotional and unprincipled manipulation of trades.

Take Profit:

• Obligatory TP: Enable/disable mandatory take profit setting;
• Alert after X min: Set the alert time after not setting take profit.

Stop Loss:

• Obligatory SL: Enable/disable mandatory stop loss setting;
• Alert after X min: Set the alert time after not setting stop loss;
• Moving SL: Set the maximum stop loss movement;
• Moving TP: Set the maximum take profit movement.

News Tab

The final tab relates to displaying high-impact news from the Forex Factory source. This tab allows traders to be informed about the timing and potential impact of important economic news on the market. Understanding how news impacts Forex market time volatility is crucial.

In this section, the presence or absence of high-impact news is displayed in real-time, and the trader can, by setting a time range before the news and after the news, define a safe trading period to avoid entering trades during highly volatile and risky times.

It is also possible to set the time before news release and duration of display after news release in this section. In these settings, news display for the eight major currencies of the Forex market can be activated.

Before and After News

• Limit Before: Set to show/hide news before it arrives;
• Limit After: Set to show/hide news after it arrives;
• Check Time (min): Set the news display time;
• Symbol: Select trading symbols for news display;
• All News: Select enable/disable status for displaying all news;
• Last News: Select enable/disable status for displaying the latest news.

Conclusion

The Trade Panel Prop Firm Drawdawn Limiter Pro is an advanced tool for capital and risk management of prop firm accounts in the Forex and Crypto markets, specifically designed for prop firm account traders.

This expert advisor, by providing professional features and full customization capability, allows traders to have precise control over their trades and risk management, consistent with their trading style, personal strategy, and trading plan.

Using this tool, the trader can maintain focus on the orderly and principled execution of trades, prevent emotional reactions to market volatility and market sentiment, and it is useful for managing their psychology and behavior during trading.

Capabilities such as setting trade entry volume, determining risk level and reward to risk ratio, as well as the ability to quickly execute instant trades and pending orders, have made this expert advisor an intelligent and efficient assistant for professional traders.

Traders can also customize this panel based on methods like ICT style and Smart Money, and by executing their trading plan, achieve performance stability and increased trading discipline, and prevent account margin calls.