Pine Script Drawdown Tracker

Tracks peak strategy equity and blocks new entries when trailing drawdown approaches your prop firm’s limit.

Copy//@version=6
strategy("Drawdown Tracker", overlay=true, calc_on_every_tick=false)

// ── Inputs ──────────────────────────────────────────────
ddLimit = input.float(2000.0, "Trailing Drawdown Limit ($)", step=100,
     tooltip="Block new entries when drawdown from peak equity reaches this. Set below your firm's hard limit.")

// ── Peak equity tracking ─────────────────────────────────
var float peakEq = strategy.equity
peakEq := math.max(peakEq, strategy.equity)
dd = peakEq - strategy.equity

lockActive = dd >= ddLimit

// ── Entry logic (replace with your own conditions) ───────
longCondition  = ta.crossover(ta.ema(close, 9), ta.ema(close, 21)) and not lockActive
shortCondition = ta.crossunder(ta.ema(close, 9), ta.ema(close, 21)) and not lockActive

if longCondition
    strategy.entry("Long", strategy.long)
    strategy.exit("Long Exit", "Long", profit=20, loss=10)

if shortCondition
    strategy.entry("Short", strategy.short)
    strategy.exit("Short Exit", "Short", profit=20, loss=10)

// Visuals
bgcolor(lockActive ? color.new(color.red, 88) : na, title="DD Lock Active")
plot(dd, "Drawdown ($)", display=display.data_window)

Settings

• ddLimit — trailing drawdown in dollars that locks new entries. Default $2,000. Set 10-20% inside your firm’s hard limit (Apex 50k = $2,500).

How to use

• Paste into the Pine Editor and replace the EMA-crossover placeholder with your own entry conditions.
• strategy.equity tracks the backtest account, not your live prop account — use it as a guardrail, not as the firm’s official number.
• Red background = the lock is active and no new entries will fire.
• Current drawdown is plotted to the data window for inspection bar by bar.

Frequently Asked Questions

Related