Trade Panel Prop Firm Drawdown Limiter Pro Expert in MetaTrader 5

The Trade Panel Prop Firm Drawdown Limiter Pro is a specialized product from TradingFinder designed for MetaTrader 5, specifically for traders of prop firm accounts.

This advanced tool, with its risk control, capital management, and prevention of emotional trading, enables Forex traders to operate systematically and in accordance with their trading plan and trading strategy.

Traders can execute professional trade management more simply and effectively using features such as instant and pending order placement, setting stop loss in dollar, percentage, or point terms, configuring multiple take profits, Break Even, risk-free trading, and partial close.

Table of Specifications for the Trade Panel Prop Firm Drawdown Limiter Pro Expert

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

Indicator Categories:	Money Management MT5 Indicators Trading Assist MT5 Indicators Risk Management MT5 Indicators
Platforms:	MetaTrader 5 Indicators
Trading Skills:	Advanced
Timeframe:	Multi-Timeframe MT5 Indicators
Trading Style:	Intraday MT5 Indicators Scalper MT5 Indicators Day Trading MT5 Indicators
Trading Instruments:	Forex MT5 Indicators Stock MT5 Indicators Indices MT5 Indicators Share Stock MT5 Indicators

Trade Panel Prop Firm Drawdown Limiter Pro at a Glance

The Trade Panel Prop Firm Drawdown Limiter Pro is a specialized and advanced tool for prop firm account traders that, by offering professional features, provides the possibility of precise and structured trade management.

This Expert, by designing a 7-tab user-friendly account protection panel, allows for the personalization of trading strategies, enabling traders to avoid emotional behaviors and impulsive reactions in volatile market conditions and to act in accordance with their trading plan.

In the main trading panel, users can specify their trade entry volume, take profit and stop loss (TP/SL), and personalize them based on their capital management rules.

Additionally, by offering the partial close feature (Partial Close), this Expert allows traders to secure some of their profits while keeping the remaining position open.

Moreover, by activating the Break Even option (Break Even), in profit trades can be made risk-free, and the stop loss can be moved to the breakeven point, which plays a significant role in protecting earned profits.

Adding a License to the Expert

To use the Trade Panel Prop Firm Drawdown Limiter Pro Expert, a dedicated license is required.

You can get your activation code or free license by contacting our online support, or by reaching out to us on Telegram or WhatsApp.

Buy Trades Using the Expert

On the 1-hour chart of the Australian Dollar/US Dollar, a buy trade has been executed using the Trade Panel Prop Firm Drawdown Limiter Pro Expert.

Traders can fully manage their buy trades using this Expert, especially with the Break Even option for risk-free trading in profit and the partial close (Partial Close) option for closing a portion of the trade volume and protecting earned profits.

Additionally, a separate panel, the trade management box, allows for the review and real-time management of open positions, enabling traders to control their trades more quickly and make more informed decisions.

Sell Trades Using the Expert

On the 1-hour chart of Brent Crude Oil, a sell trade has been executed. This Expert provides the ability to set multiple take profit levels (Take Profit) through a dedicated panel, allowing traders to define various price targets for exiting trades at different levels.

Also, by using the options at the entry point (Entry Point), quick trade management is facilitated, enabling traders to have complete control over their open positions.

Main Trade Management Panel

The main trade management panel in the Trade Panel Prop Firm Drawdown Limiter Pro Pro Expert allows traders to execute and manage their trades professionally.

In this panel, in addition to executing trades and setting buy and sell pending orders, users can specify the trade entry volume and set the stop loss (Stop Loss) amount based on three different methods, including percentage of balance, point value, and dollar amount.

Furthermore, this panel has other useful features such as setting multiple take profits (Multi Take Profit) and simultaneously managing multiple trades, which gives traders more control over their open positions and enables them to operate with greater discipline according to their trading plan.

Setting

• One Click Trading: Set the status to enable/disable trades with confirmation;
• Having Take Profit: Set the status to enable/disable take profit execution in trades;
• Having Stop Loss: Set the status to enable/disable stop loss execution in trades;
• Virtual TP & SL: Set the status to enable/disable virtual trade execution;
• Partial Close: Set the status to enable/disable partial closure of 50% of the trade volume;
• Show all TP & SL: Set the status to move trades from server mode to the Expert's list.

Panel

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

Order

• Buy and Sell: Execute buy and sell trades instantly;
• p and Sell.p: Set buy and sell trades as pending orders.

Lot

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

Risk

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

Reward

• Single TP RR: Set the risk-to-reward ratio;
• Multiple TP: Set multiple take profits with specified values.

PM

• B All: "Risk Free" all trades;
• 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 protection management panel.

Account Protector Management Panel

Active traders in prop accounts can use the account protector management panel to adjust their trading process according to their personal strategy and trading plan rules.

This tool provides an effective solution to prevent high-risk behaviors such as over-trading and unplanned market entries.

With 7 functional sections in this panel, complete management of risk-taking, capital control, and account preservation is provided.

Volume Tab

The Professional Prop Firm Expert with Drawdown Control, in the Account Protector section, offers a trade volume control section that allows traders to define their trading limits.

In this section, it is possible to set the maximum allowable volume for each position, the maximum number of trades, and the maximum trading volume per day or week, which effectively prevents excessive entries or hasty decisions.

• Max Trade Size: Set the maximum size of 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 amount;
• Max Daily Seq Profit: Set the maximum daily sequential profit amount;
• 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 amount;
• Max Week Seq Profit: Set the maximum weekly sequential profit amount.

Time Tab

The Time tab in the Forex market hours Expert is a key settings section that allows traders to enter trades only during predetermined Forex market time periods.

By specifying the allowed start and end times for activity, trading during high-risk, low-volatility, or off-plan hours can be avoided.

This feature is useful for establishing a structured trading routine when dealing with multiple timeframes and symbols, leading to more disciplined and professional decision-making. This ensures optimal Forex market opening and closing hours.

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

Profit/Loss Limits Tab

The Profit/Loss (P/L) tab is a crucial feature in the Forex market hours Expert that allows traders to specify daily and weekly profit or loss limits and closely monitor their trading performance.

In this section, limits can be set based on three main criteria:

• Dollar amount 
• Percentage
• Points

This feature prevents further trading once the specified amount is reached, protecting traders from falling into emotional trading traps.

This tool focuses on controlling greed after profits and preventing revenge trading after losses.

• Max Day Profit: Set the maximum daily profit amount based on three methods such as percentage, pips, and dollars;
• Max Day Loss: Set the maximum daily loss amount based on three methods such as percentage, pips, and dollars;
• Max Week Profit: Set the maximum weekly profit amount based on three methods such as percentage, pips, and dollars;
• Max Week Loss: Set the maximum weekly loss amount based on three methods such as percentage, pips, and dollars.

Symbol Tab

In this tab, the option to define a list of allowed symbols for trading is provided to traders. By activating this feature, users will only be permitted to enter trades in pre-determined symbols, and trading in other symbols, which are outside the trading plan, will be disabled.

This feature allows the trader to maintain focus on symbols for which they have sufficient knowledge and analysis, and prevents emotional or unsystematic entry into other symbols.

• 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 section, as an analytical tab, provides the trader with an overall view of the trading account status. By reviewing the data available in this section, the user can evaluate their daily and weekly performance and decide on continuing the path or correcting the trading trend.

In this tab, information such as the initial balance at the beginning of the day and week, the amount of profit or loss, the sequence of profit or loss, and also the level of daily and weekly drawdown are displayed.

Additionally, by activating the "DATA TAB" option, a real-time information panel appears at the bottom left, which provides the ability to quickly check the current account status.

• Start Day Bal: Displays the status of the starting daily balance amount;
• Start Week Bal: Displays the status of the starting weekly balance amount;
• Day Profit: Displays the daily profit status;
• Week Profit: Displays the weekly profit status;
• Seq Profit: Displays the profit sequence status;
• Seq Loss: Displays the loss sequence status;
• Daily DD: Displays the daily drawdown status;
• Weekly DD: Displays the weekly drawdown status.

Take Profit and Stop Loss (TP & SL) Tab

In this section, you can determine whether setting Take Profit (TP) and Stop Loss (SL) in each trade is mandatory or optional.

If a trade is executed without defining these levels, the system will alert the trader with a warning to prevent trading without adhering to risk management principles.

Furthermore, the ability to lock the movement of TP and SL values is provided to prevent emotional or out-of-strategy changes.

Take Profit

• Obligatory TP: Status to enable/disable mandatory take profit setting;
• Alert after X min: Set the time duration for sending an alert after not setting take profit.

Stop Loss

• Obligatory SL: Status to enable/disable mandatory stop loss setting;
• Alert after X min: Set the time duration for sending an alert after not setting stop loss;
• Moving SL: Set the maximum amount of stop loss movement;
• Moving TP: Set the maximum amount of take profit movement.

News Tab

In the last tab, high-importance news from Forex Factory is made available to the trader so they can track the impact of key economic events on the market.

By observing the news release status before and after its announcement, the trader can define a safe trading window and avoid entering trades during volatile periods.

Additionally, the trader can set a desired time range before and after the release and manage the display of news for the eight major Forex market hours currencies.

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

Conclusion

The Trade Panel Prop Firm Drawdown Limiter Pro is designed for prop firm traders to provide a strict framework for risk and capital management in the market with a professional drawdown limiter.

This specialized tool offers the ability to protect prop accounts with customizable settings for executing a trading plan based on approaches such as ICT and Smart Money, to prevent the impact of severe fluctuations and market sentiment.

The trader can pre-determine the risk and reward level for each trade and use features such as Break Even and partial close for better control of open positions.