Quantora Drawdown Monitor MT5 - Professional Account Risk and Equity Drawdown Monitor

Related: Quantora Account Health Monitor MT5: Professional Account Health and Risk Monitoring - another powerful indicator for MetaTrader 5 traders.

Quantora Drawdown Monitor MT5 is a professional account risk monitoring utility designed for MetaTrader 5. The indicator continuously monitors the relationship between account balance and equity to provide traders with a clear overview of their current drawdown and account risk. It combines Current Drawdown, Equity Drawdown, Daily Drawdown, Peak Equity, Maximum Drawdown, Floating P/L and Daily Performance into a single real-time dashboard. Configurable risk thresholds automatically classify current account conditions as LOW, MODERATE, HIGH or CRITICAL. Main Features - Real-time Balance monitoring - Real-time Equity monitoring - Floating Profit/Loss - Current Drawdown in account currency - Current Drawdown % - Peak Equity tracking - Equity Drawdown % - Maximum Drawdown % - Maximum Drawdown amount - Daily Starting Balance - Daily Closed P/L - Daily Total P/L - Daily Drawdown amount - Daily Drawdown % - Open Positions counter - Optional Magic Number filter - Configurable risk thresholds - LOW risk status - MODERATE risk status - HIGH risk status - CRITICAL risk status - Visual Drawdown Bar - Automatic real-time updates - Professional Quantora dashboard - Low CPU usage - Works on all chart timeframes - Free and open-source MQ5 code Current Drawdown The indicator calculates the difference between the current account Balance and Equity. For example: Balance: $10,000.00 Equity: $9,875.00 Current Drawdown: $125.00 Current Drawdown: 1.25% When equity is equal to or above balance, current balance-based drawdown is displayed as zero. Peak Equity Tracking Quantora Drawdown Monitor tracks the highest account equity observed while the indicator is running. This value is displayed as PEAK EQUITY. Current equity is then compared with the recorded peak to calculate Equity Drawdown. For example: Peak Equity: $10,150.00 Current Equity: $9,875.00 Equity Drawdown: 2.71% This provides another perspective on account decline beyond the basic Balance vs Equity calculation. Maximum Drawdown The indicator continuously records the highest observed Equity Drawdown percentage after initialization. The dashboard displays this value as MAX DD. This allows traders to see the largest equity decline detected during the current monitoring period. Daily Performance The indicator also provides a daily account summary based on the current broker day. The dashboard includes: - Daily Starting Balance - Daily Closed P/L - Daily Total P/L - Daily Drawdown - Daily Drawdown % Daily starting balance is reconstructed using the current account balance and the qualifying closed results from the current broker day. Daily Total P/L also considers the applicable current floating result. Risk Status Quantora Drawdown Monitor automatically evaluates account drawdown and assigns one of four risk levels: - LOW - MODERATE - HIGH - CRITICAL Default thresholds are: LOW ≤ 2% MODERATE 2% – 5% HIGH 5% – 10% CRITICAL > 10% All three threshold levels can be adjusted from the indicator inputs. Visual Drawdown Bar The dashboard includes a visual risk bar that changes according to the current drawdown condition. The bar provides a quick visual representation of account risk without requiring the trader to constantly interpret numerical values. Open Position Monitoring The indicator displays the number of currently open positions. When the optional Magic Number filter is disabled, the dashboard monitors the account's open positions without restricting them to a particular EA Magic Number. Magic Number Filter An optional Magic Number Filter is included. When enabled, applicable position monitoring and daily deal calculations can be restricted according to the specified Magic Number. This is useful when several Expert Advisors operate on the same MetaTrader 5 account and the trader wants to focus on a particular strategy. Automatic Updates Quantora Drawdown Monitor uses a timer-based update system. The default refresh interval is designed to provide current account information while maintaining low CPU usage. The update interval can be adjusted from the indicator settings. Installation Place Quantora_Drawdown_Monitor_MT5.mq5 inside MQL5 → Indicators. Compile the source code using MetaEditor. Then attach Quantora Drawdown Monitor MT5 to any MetaTrader 5 chart. The dashboard will begin monitoring the account automatically. Important Note Peak Equity and Maximum Drawdown are tracked from the moment the indicator is initialized. They do not represent the historical all-time maximum drawdown of the trading account. Removing the indicator, restarting it or reinitializing it can reset these runtime tracking values. Daily Starting Balance is reconstructed using the available current-day trading history. Broker history, commissions, swaps, fees, deposits, withdrawals and other balance operations may affect account statistics. This indicator is designed as an informational risk-management utility. It does not open, modify or close trading positions and does not provide financial advice.

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#property copyright "RobotFX"
#property link "https://robotfx.org"
#property version   "1.00"
#property strict
#property indicator_chart_window
#property indicator_plots 0
#property description "This code is educational. Feel free to use, modify and upgrade as you wish. Visit ROBOTFX.ORG for professional trading tools"
input group "========== RISK LEVELS =========="
input double              InpLowMaxPct            = 2.0;
input double              InpModerateMaxPct       = 5.0;

.......

• This tool is provided for educational and testing purposes only.
• Past performance does not guarantee future results.
• Trading involves substantial risk of loss. Use on a demo account first.
• Results may vary depending on market conditions, broker, and settings.
• We recommend thorough backtesting and forward testing before using with real funds.