Maximize Your Trading Success with the EquiPeak Drawdown Tracker for MetaTrader 5

What is the EquiPeak Drawdown Tracker?

Visual Performance Reference: This handy tool lets you manually input the known or expected Maximum Historical Drawdown of your trading strategy. Whether you derived it from backtesting or past results, it gives you a clear benchmark to see if your EA is operating within expected limits or facing unusual circumstances.
Real-Time Risk Monitoring: Keep tabs on your current drawdown live and ensure you're not breaching critical thresholds that require immediate action.
Smart Notifications: Get push notifications sent straight to your mobile via the MetaTrader app whenever a new drawdown record is established or at your chosen intervals, keeping you informed without overwhelming you with alerts.
Automatic Logging: The tracker continuously logs drawdown data into an external file (CSV or TXT) for thorough analysis later on.

Who Will Benefit from It?

Traders using automated or semi-automated systems who want quick insights into whether their EA is staying within expected drawdown limits.
Users keen on visually assessing their strategies' performance in real-time against prior expectations.
Any trader focused on effective risk management and who wishes to be alerted immediately if their trading goes awry.

Comprehensive Configuration Guide (Inputs)

Here’s a rundown of the customizable parameters:

Magics to Monitor: (-1 tracks all) - Specify the Magic Numbers of the positions to monitor. Use -1 for all.
Initial Max DD (%): Enter the known Historical Maximum Drawdown of your EA (i.e., the peak result from extensive backtesting). This serves as a visual benchmark.
Refresh Interval (seconds): Set how frequently the calculations refresh.
Max DD Update Mode: Choose how the historical maximum updates:
- UPDATE_MAX_DD_IF_BIGGER: Automatically updates if the current exceeds the historical value.
- NO_UPDATE_MAX_DD: Keeps the manually entered historical value intact but sends notifications every 60 minutes about the current status.
Send Push Notifications? Toggle this to enable or disable mobile alerts.
Fixed or Peak Reference?: Decide how to define the balance reference:
- REF_FIXED_BALANCE: Set a fixed balance manually.
- REF_PEAK_BALANCE: Automatically uses the highest balance reached.
Fixed Balance (0 => current): If you input 0, it takes the current balance when the indicator loads.
Colour for Current DD Text: Choose the color for the current drawdown text.
Colour for Max DD Text: Set the color for the historical drawdown text.
Font Size (Current DD): Adjust the font size for the current drawdown.
Font Size (Max DD): Adjust the font size for historical drawdown.
Labels Behind Chart?: Opt to place text behind the chart.
Label X (pixels): Set the horizontal distance from the left edge.
Label Y (pixels): Set the vertical distance from the top edge.
Vertical Spacing: Adjust vertical spacing between texts.
Print Logs in Journal?: Enable detailed messages in the Journal.
Enable File Log: Automatically logs current drawdown to an external file.
File Extension (CSV or TXT): Choose the format for the generated file.

Automatic Logging to File

Drawdown values are automatically logged with date and time in either CSV or TXT format, stored in your common MT5 folder (MetaTrader 5 Terminal/Common/Files/). This is perfect for analyzing your results down the line.

Tips for Getting the Most Out of It

Always input the expected Historical Maximum Drawdown (backtesting result, previous performance, etc.) in the input "Initial Max DD (%)". This will help you quickly gauge whether your EA is experiencing normal fluctuations or needs adjustments.
Place the indicator on a dedicated chart to monitor all magic numbers, or use it on each specific chart for separate data tracking.
Carefully fine-tune the refresh rate, colors, position, and text size for the best display according to your preferences.

How to Receive Push Notifications on Your Mobile

Open MetaTrader on your mobile and copy your MetaQuotes ID (Settings > Messages).
In MetaTrader 5 desktop, navigate to Tools > Options > Notifications.
Check Enable Push Notifications and paste your MetaQuotes ID.