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RiskLock MT5

FREE

Published: 24 May 2026

Current version: 1.0

RiskLock MT5

Name: RiskLock MT5
Author: Lee See Hao

Utilities
Lee See Hao
Lee See Hao
Founder at SmiteFX.com

Singapore

924
4.6 (13)
- smitefx.com
I have 5+ years in FX algo trading and trading system development focused on consistency, disciplined risk management, and longevity.
I employ a transparent trading approach — no grid, no martingale systems and definitely no hidden "recovery mechanisms".

6 products 6 signals 27 comments
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.

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Filter:

701

rollitquick1 2026.07.04 06:51 #

User didn't leave any comment to the rating

924

Reply from developer Lee See Hao 2026.07.04 13:15 #

Thank you for the kind words, it means a lot. Do share around with your friends and other traders! Do check out our other products too

156

Sugiyantho 2026.07.01 04:02 #

User didn't leave any comment to the rating

924

Reply from developer Lee See Hao 2026.07.04 13:15 #

Thank you for the kind words, it means a lot. Do share around with your friends and other traders! Do check out our other products too