Drawdown protector is used to manage your desired Max Daily Drawdown. You set the Hours you want the EA to not allow new trades after X% drawdown is hit. Or you just select "Yes" on the "Block trades until next day?" and the EA enables trading at midnight after the X% daily drawdown is reached.
Make sure you Enable "Algo trading" from both "Common" tab on the EA settings, AND from the top side of the MT5 terminal. (The EA on the top right of the chart should have a blue hat, not grey)
It's an effective EA that is simple to use for Equity Drawdown Management and prevention of revenge trading. Feel free to message me for any special enquiry or question.
The "Demo Version" can't work on MT5 backtesting
