Is a "Max Drawdown" robot available

Created at 28 Nov 2015, 23:03
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thefishcounter

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Joined 28.11.2015

Is a "Max Drawdown" robot available
28 Nov 2015, 23:03

Hi, I want to manually place my trades but have a protection robot that will close all open trades if my drawdown gets to "x" % of my "balance". It would be a robot that works as a S/L for the aggregate of all trades that are open at a given time.  

 

Ideally I would want it to also close all trades once I reach a total profit based on the balance also. Essentially a S/L and T/P but for the entire balance rather than for individual pairs.

Cheers,

Cory

@thefishcounter
Replies

kricka
28 Nov 2015, 23:49

Minimize the drawdown

Cory have a look at the RMM Robot 2.5. There is a free download and it's free to use. There are multiple stop levels that can be set to lock in profit and minimize the drawdown.

More information can be had at RMMRobot.com

@kricka

thefishcounter
29 Nov 2015, 00:05

RE: Minimize the drawdown

Thanks for the link to your website.  I will keep it in mind.  I can't say that I am interested in any long term subscription though and its a little pricey.  But thanks

 

 

kricka said:

Cory have a look at the RMM Robot 2.5. There is a free download and it's free to use. There are multiple stop levels that can be set to lock in profit and minimize the drawdown.

More information can be had at RMMRobot.com

 

@thefishcounter
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