RiskLock MT5
- Utilities
- Lee See Hao
- Version: 1.0
RiskLock MT5 — Professional Drawdown Protection & Emergency Account Lock System
RiskLock MT5 is a professional risk management utility designed to protect trading accounts from excessive drawdown and catastrophic loss events.
Main Features
✔ Drawdown Percentage Protection
✔ Fixed Monetary Loss Protection
✔ Emergency Account Lockdown
✔ Automatic Position Liquidation
✔ Pending Order Deletion
✔ Optional Close-All-Charts Protection
✔ Real-Time Color Dashboard
✔ Emergency Global Variable Lock
✔ Multi-Pass Rapid Close Engine
✔ Optimized For Grid & Martingale Systems
✔ MT5 Compatible
How RiskLock Works
Once account drawdown reaches the configured protection threshold, RiskLock can:
• Activate emergency lock mode
• Close all other charts (optional)
• Delete all pending orders
• Close all open market positions
• Prevent compatible EAs from opening new trades
• Display live account risk information directly on chart
This helps prevent runaway martingale and grid systems from continuously reopening positions during liquidation.
Dashboard Features
The built-in dashboard displays:
• Current floating drawdown
• Drawdown percentage
• Remaining DD buffer
• Configured DD limits
• Open order count
• Emergency lock status
• Chart close protection status
The dashboard also includes intuitive color coding for account risk levels.
Recommended For
• Prop firm traders
• Grid systems
• Martingale systems
• Scalpers
• Portfolio traders
• Multi-EA users
• High-risk automated strategies
Why RiskLock?
RiskLock is designed to be the final line of defense for automated trading systems.
When everything goes wrong, RiskLock steps in to protect your capital.
