What is Tradeview’s Drawdown controller?

Tradeview’s Drawdown controller is an excellent tool for account managers who want to control their global risk.

You can define the threshold low percentage or low money.

  • Easy installation, configuration and use.
  • Use low system resources.
  • Stops your global loss.

You must have a real account at Tradeview with funds greater than 999USD for ILC accounts.

And for X Leverage accounts a balance greater than $ 99USD.

tradeview drawdown calculator

Go to Tradeview’s Official Website

How to install Tradeview’s Drawdown Controller?

To install Tradeview Drawdown you must locate the Experts folder, for this being within the Metatrader platform click on File -> Open Data Folder -> MQL4 -> Experts.

Once inside the Experts folder, you must paste the file “Drawdown Controller” which you will receive when you purchase this tool.

Restart the Metatrader4 platform.

Go to the Tools -> Options tab: Once inside, select the “Expert Advisors” tab and check that you have the following boxes activated.

Go to the Tools Options tab Once inside, select the Expert Advisors tab and check that you have the following boxes activated.

Now from the “Navigator” window, you can add the Expert Advisor according to need, in the same way, you must pre-configure the tool for correct operation.

In the “common” tab, make sure you have the following boxes checked, then place the parameters to your preference and click on the “accept” button.

In the common tab, make sure you have the following boxes checked, then place the parameters to your preference and click on the accept button.

Open Tradeview’s Account

How to use Tradeview’s Drawdown controller?

You should write the amount of money you are willing to lose at the “Risk_On_Money.”

ou should write the amount of money you are willing to lose at the Risk_On_Money.

Followed by this, you must place how much money you are willing to lose in the Risk_On_Money section.

Followed by this, you must place how much money you are willing to lose in the Risk_On_Money section.

If you need to set a threshold in percentage instead of money then the option “Drawdown_Control_On_Percentage” is for you. You must set it to “true”.

If you need to set a threshold in percentage instead of money then the option Drawdown_Control_On_Percentage is for you. You must set it to true.

Followed by this, you must write in the variable “Risk_On_Percentage” the percentage that you are willing to risk in your account, and later in the variable “Initial_Balance”, you must set the Balance with which you are starting, in this way your tool can calculate the risk and close all its operations in case it reaches that percentage of loss.

write in the variable Risk_On_Percentage the percentage that you are willing to risk in your account, and later in the variable

If we have the “Show Information” box set to true, then our tool will show us on the screen how much our Equity should fall before closing all positions.

If we have the Show Information box set to true, then our tool will show us on the screen how much our Equity should fall before closing all positions.

Once the Expert Advisor is attached to the graph check in the upper right corner if there is a “happy face”, otherwise check again the parameters and settings dictated in the upper lines of this page.

Once the Expert Advisor is attached to the graph check in the upper right corner if there is a happy face, otherwise check again the parameters and settings dictated in the upper lines of this page.

Go to Tradeview’s Official Website