An Account Performance Dashboard for Drawdown Monitoring and Risk Limits
Summary
This article outlines an MQL5 account performance indicator that displays live account figures alongside historical trade statistics. Its proposed dashboard tracks balance, equity, margin, open positions, daily and total profit or loss, win and loss counts, drawdown, profit factor, and average trade outcomes. Display settings control the panel and chart labels, while tracking can begin when the indicator is attached or use account history.
The risk controls compare account performance with user-defined daily risk and daily and overall drawdown limits, and the article describes alerts or trading lockout when thresholds are reached. Illustrative scenarios compare daily risk levels against an overall drawdown allowance to show how a larger daily loss budget leaves less room for losing days. These examples are account-management illustrations, not tested performance evidence. Threshold behavior depends on the chosen baseline, session reset, and account rules; a dashboard does not itself ensure that losses are prevented or that broker execution will follow its limits.
Key ideas
- The dashboard combines current account state with closed-trade performance summaries.
- Users can choose whether performance tracking begins at indicator startup or uses account history.
- Daily risk and drawdown thresholds are intended to support alerts and restrict further trading after a breach.
- A larger daily risk allowance consumes an overall drawdown budget more quickly.
- Displayed limits require careful configuration and do not guarantee that losses will be contained.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.