This is a simple Expert Advisor for controlling drawdown of positions. It is attached to one chart and monitors all open positions. If the drawdown (in percent) of a position exceeds the value specified in the settings, the position is closed.

If position closure fails, a comment with an error code will be displayed on the chart where the EA is running.

It has only two parameters:

• Percent - percent of allowable drawdown in one position;
• Slippage - slippage during position closure.