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    how to set a realized profit drawdown limit

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    • T
      Toppcat1 last edited by

      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.

      T l'andorrà 2 Replies Last reply Reply Quote 0
      • T
        tpt @Toppcat1 last edited by tpt

        @toppcat1 Do you want the EA to stop working for the current day each time a 2% drawdown is being reached?

        T 1 Reply Last reply Reply Quote 0
        • l'andorrà
          l'andorrà @Toppcat1 last edited by

          @toppcat1 You can do it like this:

          0_1674387915988_01.png

          Obviously you will have to apply the appropriate time filters to that condition.

          (English) I will try to help everyone in these fxDreema forums. But if you want to learn how to use the platform in depth or more quickly, I can help you with my introductory fxDreema course in English at https://www.theandorraninvestor.eu.

          (Català) Miraré d’ajudar tothom en aquests fòrums d’fxDreema. Tanmateix, si vols aprendre a fer servir la plataforma amb més profunditat o més de pressa, t’hi puc ajudar amb el meu curs d’introducció a fxDeema en català a https://www.theandorraninvestor.eu/ca.

          (Español) Intentaré ayudar a todo el mundo en estos foros de fxDreema. Sin embargo, si quieres aprender a usar la plataforma en profundidad o más deprisa, te puedo ayudar con mi curso de introducción a fxDreema en español en https://www.theandorraninvestor.eu/es.

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          • T
            Toppcat1 @tpt last edited by

            @tpt Yes, Exactly but drawdown from highest realized profit

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            • T
              Toppcat1 @l'andorrà last edited by

              @l-andorrà https://fxdreema.com/shared/c2mQcANde

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              • T
                Toppcat1 @Toppcat1 last edited by

                @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

                TipsyWisdom 1 Reply Last reply Reply Quote 0
                • TipsyWisdom
                  TipsyWisdom @Toppcat1 last edited by

                  @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 help

                  it 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 variable1

                  condition
                  variable2 > variable1
                  modify variable
                  variable1 = variable2

                  condition
                  variable1 = variable2
                  for each trade
                  once per position
                  formula
                  variable1 *02=variable3
                  condition
                  equity < equity-variable3
                  close trades, terminate EA

                  something to that affect.

                  1 Reply Last reply Reply Quote 1
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