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Daily loss protector

FREE

Published: 5 July 2025

Current version: 1.3

Daily loss protector

Utilities
Stephen Barasa
Stephen Barasa
Uganda

627
2.7 (4)
i program and create working expert advisors for mt5, the advisors/ robots that i create are also used personally, ny the time i put it out for a sale it means i want you to benefit as well.
please enjoy and provide feedback so that we can improve on the products.

8 products 1 signal
Version: 1.3
Updated: 9 July 2025

DailyLossProtector EA — Smart Risk Control for Safer Trading.

Protect your capital with precision.
DailyLossProtector is a minimalist, high-utility Expert Advisor designed for traders who prioritize capital preservation and disciplined risk control. This EA monitors your open trades and will automatically close them when a predefined floating loss threshold is reached, helping you avoid emotional decisions and unexpected drawdowns.

🧠 Key Features

💰 Daily Loss Guard: Automatically closes all open positions if your total floating loss exceeds a user-defined USD value
🔄 Self-Resetting Logic: Loss tracking resets each trading day for hands-free operation
🎯 Symbol- and MagicNumber-specific targeting: Choose whether to manage manual trades or specific EAs
💡 Minimal Footprint: Lightweight code optimized for speed and stability across any broker or time frame

⚙️ Settings

DailyLossLimit : Set your maximum allowable floating loss in USD (e.g., 20.00)
Slippage : Control execution tolerance in points
MagicNumber : Set to 0 for manual trades, or match your EA’s magic number for targeted control

📌 Use Case

Perfect for:

Manual traders seeking a simple daily stop-loss safety net
EA developers looking to bolt on loss control to their portfolio
Prop traders needing strict drawdown rules for funded account consistency

⚠️ Important Notes

The EA uses Global Variables to track day changes — no need for external files
It operates on the current chart symbol and matches the provided MagicNumber
Ensure your broker allows trade management via EAs and offers real-time equity updates

✨ Peace of Mind, One Tick at a Time

DailyLossProtector doesn’t try to predict markets — it enforces your discipline. Let it work quietly in the background while you focus on strategy, knowing your risk is always under control.

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Daily loss protector

Stephen Barasa

DailyLossProtector EA — Smart Risk Control for Safer Trading.