How to setup The 5%ers

We monitor your account based on your Metatrader 5 history. Be aware of The 5%ers daily reset time, as your Maximum Loss Limit is reset at this time. For best results, we recommend configuring your EA at the daily reset time or just before trading a new day.

Daily Reset Time: 00:00 EEST (Eastern European Standard Time)

Maximum Loss = Account Balance High - Maximum Drawdown (Trailing drawdown)

Daily Loss Limit = Net Profit & Loss for that trading day

The daily loss limit for a 20K account is 600 (20,000 x 0.03).

If we use the 20K account, we have a maximum drawdown of 4%.

Using this information, we can setup the Algnostic Expert Advisor according to this:

You can decide if you want to enable a daily profit value or not (400 as show above). That is up to you. You can also decide to limit the amount of profit per trade (false as shown here).

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