DDmon

[rsmereka]

I would like to introduce ddmon which is a floating drawdown monitor. It is a utility EA (an EA that performs some utility function but does not trade) which you attach to any chart using any timeframe. As soon as you attach it to a chart, it will, on every tick , keep track of the difference between your account balance and account equity and display in the experts log, the current DD (if any) in terms of percentage of account and in terms of money.

The ddmon EA has four input parameters. Here they are with a description:

Input Parameter       Description

print_every_tick      output drawdown  on every tick  (default false)
report_minute         output drawdown  at this minute every hour
prevmaxdd_percent     define a previous max drawdown  percent
prevmaxdd_equity      define the previous max drawdown  equity

When the ddmon chart is closed or MetaTrader is closed, ddmon will write the DD percent and equity to a file. When ddmon is attached to a chart, it will try to read the previously stored DD percent and equity in the file 'experts\files\ddmon.txt'.

DDmon is a great way to monitor the floating drawdown of a new trading system. I have ddmon running on all of my trading accounts.

License: GPL 2

Enjoy,
Rick