Prop Firm Drawdown Rules and Automatic Trade Protection with COPYLATOR | MT5 Trade Copier
https://www.mql5.com/en/market/product/157869
Prop firm accounts often have strict daily loss and maximum drawdown limits. When trades are copied from a Master account to multiple Slave accounts, managing these limits manually can be difficult.
COPYLATOR includes an advanced Drawdown Protection system that works directly on the Slave account.
It can monitor:
• Daily drawdown • Total drawdown • Equity-based drawdown • Balance-based drawdown
When a configured limit is reached, COPYLATOR can:
• Close open positions • Block new copied trades • Delete pending orders • Close and block trading • Close, block and delete pending orders • Or provide an alert without closing trades
One important advantage is that each Slave account can have its own independent protection. The Master can continue trading while a Slave that reaches its risk limit can stop receiving new copied trades.
COPYLATOR also supports a configurable cooldown period after a drawdown event and a user-defined GMT reset time for daily drawdown.
For example, a trader could configure a 5% daily drawdown limit, 10% total drawdown limit and a 60-minute cooldown.
COPYLATOR is a risk-management tool and does not guarantee compliance with any specific prop firm's rules. Always verify the exact requirements of your prop firm and test the protection system on demo first.
