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PropFirm Risk Guardian MT5
Trade Renko charts automatically using the advanced Renko Expert Advisors. Clean trends, better entries. Discover them here.
Product Overview
An account-wide risk protection EA for MetaTrader 5, designed for prop-firm and personal trading accounts.
Key Protection Features
Account-Level Protection
- Monitors and protects against daily drawdown.
- Monitors and protects against maximum overall drawdown.
- Provides an adjustable safety buffer before the firm's limit.
- Automatically closes open positions when a protection limit is reached.
- Automatically deletes pending orders after a limit is breached.
- Retains its protection status after MT5 restarts.
Position-Level Protection
- Protects against losses on individual positions.
- Supports an optional fixed-money loss limit for each trade.
- Can stop trading after a single-position loss.
Monitoring and Compatibility
- Supports broker-server trading-day rollover settings.
- Works with all symbols and can protect the entire MT5 account.
- Checks risk every second and on every market tick.
- Uses a Terminal Global Variable to coordinate with other EAs.
Default Settings
- Daily loss limit: 5%
- Overall loss limit: 10%
- Safety buffer: 1%
- Single-position loss limit: 1%
- Automatic position closing: Enabled
Important Risk Disclaimer
This EA is a risk-protection and guardian tool, not a trading strategy. It does not create trading signals or open trades by itself.
Before using the EA on a live account, set all limits to match your prop firm's actual rules.
Complement community code with advanced automation from RobotFX.
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