Description
DrawdownShield — Account-Wide Daily Risk Manager for cTrader
Strategy type and approach DrawdownShield is not a trading bot — it is a pure risk management tool. It does not open any trades. It monitors your entire account and enforces your daily limits automatically.
How it works Once running on any chart, DrawdownShield monitors your account every 2 seconds. The moment a limit is breached, it instantly closes all open positions and cancels all pending orders across every instrument on your account. Any trade you manually attempt to open after that is closed within seconds.
Key parameters
- Max daily loss — blocks trading once your account drops by a set dollar amount
- Max daily profit — locks in a good day by stopping trading once your target is hit
- Max trades per day — prevents overtrading by capping your daily entry count
- Each limit can be individually enabled or disabled
- Parameter lock — freezes your settings at startup so you cannot override them mid-session
- Configurable daily reset hour — works with any broker timezone
Who this is for Prop firm challenge traders (FTMO, MyFundedFX, Topstep etc.), discretionary traders who struggle with overtrading or revenge trading, and anyone who wants automated enforcement of their daily risk rules.
Important notes
- Runs on cTrader Desktop only
- Must remain running on an open chart to enforce limits
- Resets automatically at your chosen broker time hour each day
