Drawdown calculator.
Enter your account and your limits. You get the equity level where you are stopped and the money left before it.
Room left before your tightest stop
$4,200
- Max drawdown: your stop
- $90,000
- Max drawdown: the firm's line
- $90,000
- Daily drawdown: your stop
- $94,200
- Daily drawdown: the firm's line
- $94,200
How the floor is worked out.
The allowance is a percentage of your starting balance, in cash. A 10% max drawdown on a $100,000 account is a $10,000 allowance, wherever your equity goes.
A fixed max drawdown subtracts that allowance from the starting balance. A trailing one subtracts it from your highest equity so far. The daily limit subtracts it from your equity at the start of the day.
Your own stop works the same way with a smaller percentage. If you leave it empty, or set it looser than the firm’s, the firm’s line is used.
A trailing example.
You start with $100,000 and a 10% trailing max drawdown. Equity climbs to $120,000, then falls back to $111,000.
The floor is now $110,000: the $120,000 high minus the $10,000 allowance. You have $1,000 left, not $21,000.
Some firms measure trailing drawdown differently, or stop trailing once you are in profit. Check your firm’s rules and use their dashboard as the reference.
Keep this number on your chart.
The MT5 edition of Risk Manager Pro checks these limits twice a second and shows the money left next to your order buttons.