Drawdown Indicator MT4
Real-time account drawdown monitor with alerts · Free · MT4
About Drawdown Indicator MT4
The Drawdown Indicator, documented at forexmt4indicators.com, is a straightforward MetaTrader 4 tool that displays the maximum account drawdown since the indicator was attached to the chart. It doesn't factor in closed-trade history (drawdown from historical trade entries/exits can't be reliably reconstructed), focusing instead on live, real-time account drawdown monitoring.
It supports configurable alert thresholds — e.g. warning notifications at 2% and 4% drawdown — plus display customisation including font size, colour-coding (green for low drawdown, red for elevated), and whether to show dollar value, percentage, or both.
- Platform: MetaTrader 4
- Type: Real-time account drawdown monitor
- Alerts: Configurable threshold warnings (e.g. 2%/4%)
- Display: Dollar value, percentage, or both; colour-coded
- Price: Free
- Source: forexmt4indicators.com · Drawdown Indicator MT4
Key Features
✓ Free, simple, real-time risk-monitoring tool
✓ Configurable alert thresholds help enforce personal risk limits
⚠ Doesn't account for closed-trade history — it measures live drawdown from when it was attached, not full account history