Withdrawal Tracking - MetaTrader 4 Expert | MT4 EA Download - MetaTrader 4 Resources
This is a piece of code added to an existing Expert Advisor to track funds withdrawn from the account running the EA. It helps the user monitor his or her withdrawals from a specific account. Most EAs are hosted on Virtual Private Servers (VPS) to avoid resetting parameters when timeframes or chart templates change.
Sometimes, the lot size will increase and even the losses will not decrease, hoping to recover all losses before increasing the lot size further.
The EA will increase the lot size to cover losses but will not decrease the lot size after a withdrawal because they cannot differentiate between withdrawals and losses.
If a loss occurs, continue with the last known lot size in the hope of recovery. In case of a withdrawal, the EA must reduce its lot size to accommodate the new balance and work with it.
In addition to monitoring withdrawals, this code can be modified to achieve this
Attachment download
📎 withdrawaltracker.mq4 (4 KB)
Source: MQL5 #57675
Withdrawal Tracking - MetaTrader 4 Expert | MT4 EA Download - MetaTrader 4 Resource Usage and Screening Suggestions
This content can be used as a data entry for foreign exchange EA, indicators, trading systems or quantitative strategies. When reading, it is recommended to make a judgment based on the platform version, trading type, time period, risk control method and historical discussion background. Do not use it directly based on the title or a single point of view.
If the content involves MT4/MT5, ForexFactory, MQL source code, TradingView indicators or strategy discussions, you can give priority to the parameter logic, backtest environment, market stage, execution cost and failure conditions, and then decide whether to continue downloading, reviewing or secondary development.
Risk warning
For any EA, indicator or automatic trading strategy, it is recommended to first conduct historical backtesting, simulation account verification and small capital testing. Grid, Martin, high frequency, recovery and examination strategies especially require setting the account risk upper limit, single variety risk upper limit and manual deactivation conditions.
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