Skip to content
All library documents

MT5 Account Drawdown and Equity Risk Monitoring

Article MQL5 code base

Summary

This document describes an MT5 indicator that displays account balance and equity alongside current and daily drawdown, floating profit or loss, daily results, margin level, and open positions. It also tracks peak equity so traders can see declines from the session high, and uses configurable thresholds to label risk conditions as low, warning, or danger.

Symbol and optional Magic Number filters let users focus the display on selected instruments or Expert Advisors. The indicator is for observation and analysis; it does not place or manage trades. The document explains the dashboard’s features but gives no performance evidence, calculation details, or guidance for choosing warning thresholds, so it should be understood as a monitoring aid rather than a complete risk-management method.

Key ideas

  • The indicator presents account equity, balance, drawdown, floating P/L, margin level, and open positions in one dashboard.
  • Peak-equity tracking shows how far the account has fallen from its session high.
  • Configurable drawdown thresholds classify conditions as low, warning, or danger.
  • Symbol and Magic Number filters can narrow monitoring to selected instruments or strategies.
  • The tool reports risk information but does not execute or manage trades.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.