Equity Guard Pro Prop and Trade Manager
- Utilities
- Version: 1.0
- Activations: 10
Equity Guard Pro: Prop & Trade Manager
Professional Risk Management Suite: Auto SL/TP, Daily Drawdown Protection, RRR-Based Trailing, Multi-Stage Partial Closing, and more.
MT4 Version: https://www.mql5.com/en/market/product/163893
Product Overview:
Equity Guard Pro is an all-in-one utility designed for professional traders and Prop Firm challengers. It transforms MetaTrader into a high-precision trading workstation by automating risk management and trade execution. Whether you need to pass a challenge or protect a live portfolio, this tool ensures your equity remains guarded 24/7.
Key Features:
· ️ Equity & Drawdown Protectors: Sophisticated filters to prevent catastrophic losses. Includes Daily Drawdown/Drawup and Maximum Drawdown protection based on Balance, Equity, or High-Water Marks .
· Auto SL/TP Placement: Never leave a trade unprotected. The EA automatically assigns a Stop Loss and Take Profit to any open position that lacks them .
· RRR-Based Trailing SL/TP: Unique trailing logic that calculates levels based on your initial Risk:Reward Ratio, allowing your winners to run based on mathematical targets .
· Multi-Stage Partial Closing: Automatically lock in profits at specific intervals (Points or RRR). You can close a percentage of the remaining lot size as the trade progresses .
· Overnight SL Protection: Protects your account from spread spikes during low-liquidity hours. It virtually hides your SL and manages exits internally to avoid "stop hunts" .
· Live Infotable Dashboard: A clean, on-screen display showing your current daily limits, drawdown status, and active protection modes .
· Time-Based Exit: Close all positions at a specific time of day to avoid weekend gaps or news volatility .
Risk Disclaimer & Limitation of Liability:
IMPORTANT: Please read carefully before purchasing or using this software.
1. High Risk Warning: Trading Forex, Stocks, and CFDs involves significant risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you.
2. No Financial Advice: The developer of this software (Ing. Silvestr Gola) is a software provider, not a financial advisor. All information provided in this description or by the software itself is for educational and utility purposes only.
3. Software "As-Is": This software is provided "as is," without warranty of any kind. While every effort has been made to ensure stability, the developer is not responsible for any financial losses, technical errors, or system failures.
4. User Responsibility: You are solely responsible for testing this EA on a demo account before using it with real funds. You must ensure that your internet connection, VPS, and broker's execution are stable.
5. Exclusion of Liability: Under no circumstances shall the developer be liable for any direct or indirect trading losses or damages resulting from the use or inability to use this software.
Settings Manual:
Please see the first comment in the discussion section for a detailed setup guide and parameters explanation.
Note on Price Units: > This EA utilizes standard MetaTrader Points for all distance settings (Stop Loss, Take Profit, Trailing steps). On most modern 5-digit brokers, 10 points equal 1 pip.
Example: If you intend to set a 50-pip Stop Loss, you must enter 500 in the "Fixed Points" field. Please verify your broker's digit precision before configuring these values.
OnTick Execution: All automated functions—including Stop Loss/Take Profit placement, Trailing logic, and Equity Protectors—are triggered by the OnTick() event. This event only fires when the specific symbol of the chart where the EA is attached receives a price change (a "tick").
Scope & Reliability: If you are using the "All Trades in Terminal" or "Magic Number Trades in Terminal" scope options, the EA will manage positions across multiple different symbols. However, it still only processes its logic when the current chart symbol ticks.
Best Practice: > * Active Symbols: To ensure your protection and management logic is processed as frequently as possible, it is highly recommended to attach the EA to a highly liquid symbol with high tick frequency (e.g., EURUSD or BTCUSD) that trades ideally 24/7 or follows your broker's maximum trading hours. * Market Closures: If the chart symbol enters a weekend or holiday break, the EA's OnTick() function will stop executing. In this case, management for all other symbols in the terminal will also cease until the chart symbol’s market reopens.
