how to set a realized profit drawdown limit
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Prop firm rules have drawdown limits set from realized profits. Is there a way to stop the bot from trading if for example you reach 2% drawdown in a specified period. (I plan to preset the time period and restart every day so I just need the bot to shut down if I reach the drawdown limit). Profit and loss filters only appear to measure the immediate previous trade action.
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@toppcat1 Do you want the EA to stop working for the current day each time a 2% drawdown is being reached?
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@toppcat1 You can do it like this:

Obviously you will have to apply the appropriate time filters to that condition.
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@tpt Yes, Exactly but drawdown from highest realized profit
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@toppcat1 (if my highest realized profit draws down 2% then.) This is what I'm trying to achieve
Will this series of boxes with these inputs give me the results. I am at a loss here I've literally been working on this for 9 hrs. straight and I'm not achieving results. I built a beautiful bot with great win ratio but I can't use it without this filter being added. Also can I set it aside unconnected to the buy cell groups.
Thanks for your help -
@toppcat1 said in how to set a realized profit drawdown limit:
@toppcat1 (if my highest realized profit draws down 2% then.) This is what I'm trying to achieve
Will this series of boxes with these inputs give me the results. I am at a loss here I've literally been working on this for 9 hrs. straight and I'm not achieving results. I built a beautiful bot with great win ratio but I can't use it without this filter being added. Also can I set it aside unconnected to the buy cell groups.
Thanks for your helpit would have to consist of a few variables and modifications but im thinking something along the lines of....
variable 1=highestprofit
variable 2=equity
variable 3=2% of variable1condition
variable2 > variable1
modify variable
variable1 = variable2condition
variable1 = variable2
for each trade
once per position
formula
variable1 *02=variable3
condition
equity < equity-variable3
close trades, terminate EAsomething to that affect.