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Experts

PropFirm Risk Guardian MT5 – Account-Wide Risk Protection EA - expert for MetaTrader 5

Rahul Sharma
Rahul Sharma

Rahul Sharma

  • MQL5 Expert Advisor Developer at  Algorithmic Trading Developer
  • India
  • 642
I am an algorithmic trading developer focused on building and testing Expert Advisors (EAs) for MetaTrader 5.
My main area of interest is XAUUSD algorithmic trading, with a focus on systematic strategies, technical analysis, risk management, trade execution, and robust backtesting.
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PropFirm Risk Guardian MT5


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.

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