Equity Monitor Pro MT5
- Utilities
- Version: 3.2
- Activations: 5
# Equity Monitor Pro
## Short Description
Equity Monitor Pro is a professional equity p**Equity Monitor Pro** is a powerful risk management tool that automatically protects your trading account by monitoring equity levels and enforcing prop firm style rules. Whether you're taking an FTMO challenge, trading a funded account, or just want to protect your capital, this EA runs silently alongside your trading strategy and takes action when it matters most.
Protection tool designed for prop firm traders. It monitors your account in real-time and automatically closes all positions when profit targets are reached or drawdown limits are breached, with instant Telegram notifications.
Additionally it closes the terminal to ensure no further trading.
## Full Description
**Equity Monitor Pro** is a powerful risk management tool that automatically protects your trading account by monitoring equity levels and enforcing prop firm style rules. Whether you're taking an FTMO challenge, trading a funded account, or just want to protect your capital, this EA runs silently alongside your trading strategy and takes action when it matters most.
The EA monitors your account in real-time and displays a clear status panel showing your progress toward profit targets and how much drawdown buffer remains. When limits are reached, it instantly closes all positions, closes the terminal and notifies you via Telegram.
## Requirements
- MetaTrader 5
- For Telegram notifications: Add https://api.telegram.org to allowed URLs in Tools → Options → Expert Advisors
## Main Features
- **Profit target monitoring:** Automatically close all positions when your profit target is reached and lock in your gains
- **Maximum drawdown protection:** Choose between Static (fixed floor) or Trailing (floor rises with equity) drawdown modes
- **Daily drawdown limit:** Separate tracking from each day's highest equity to comply with prop firm daily loss rules
- **Real-time Telegram alerts:** Get instant notifications on your phone when targets are hit, limits breached, or warnings triggered
- **Scheduled reports:** Receive daily, weekly, or monthly status reports via Telegram at your preferred time
- **Warning threshold:** Get early alerts when approaching limits (default 80%) so you can take action before it's too late
- **Visual on-chart display:** Clear real-time panel showing P/L progress, drawdown used, and remaining buffer for all metrics
- **Custom account naming:** Identify multiple accounts easily with custom names in all notifications
- **Works with any strategy:** Runs alongside any EA or manual trading without interference
- **Automatic position closing:** Closes all open positions and deletes pending orders when triggered
- **Terminal protection:** Closes the terminal after positions are closed to prevent any further trading
## How It Works
1. Attach the EA to any chart (only one instance needed per terminal)
2. Configure your starting balance, profit target, and drawdown limits
3. Optionally set up Telegram for mobile notifications
4. Trade normally with your strategy or other EAs
5. The monitor runs silently, tracking your equity in real-time
6. When a limit is reached: positions close → notifications sent → terminal closes
## Display Information
The on-chart panel shows:
- Account name and current balance/equity
- **Profit Target:** Current P/L, percentage progress, and remaining to target
- **Max Drawdown:** Limit, floor level, used amount with percentage, and remaining buffer
- **Daily Drawdown:** Limit, used amount, and remaining for today
- Visual progress bars for quick status recognition
- Warning indicators when approaching limits
## Telegram Notifications Include
- **Startup report:** Full status when EA is loaded
- **Trigger alerts:** Immediate notification when profit target hit or drawdown breached
- **Warning alerts:** Early warning when approaching your limits
- **Scheduled reports:** Daily/weekly/monthly status summaries
- All messages include: account name, equity, P/L, drawdown status, and remaining buffers
## Ideal For
- FTMO, MyForexFunds, and other prop firm challenges
- Funded account protection
- Capital preservation for personal accounts
- Traders who want peace of mind when away from the screen
- Anyone who needs strict risk management enforcement
## Settings Overview
| Parameter | Description |
|-----------|-------------|
| Account Name | Custom identifier for notifications |
| Starting Balance | Your account starting balance |
| Profit Target | Target profit amount |
| Max Drawdown | Maximum allowed drawdown |
| Trailing Max Drawdown | True for trailing, False for static |
| Daily Drawdown | Maximum daily loss limit |
| Warning Threshold | Percentage to trigger warnings (default 80%) |
| Telegram Settings | Bot token, chat ID, and notification preferences |
## Support
Check out the screenshots and product manual to learn more. If you have any questions or feedback, feel free to contact me anytime. I'm happy to support you!
## Tags
equity, monitor, drawdown, prop firm, FTMO, risk management, telegram, notifications, profit target, trailing drawdown, daily drawdown, account protection, position closer, equity guard
