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RiskLock MT5

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Published: 24 May 2026

Current version: 1.0

RiskLock MT5

Name: RiskLock MT5
Author: Shane Lee

Utilities
Shane Lee
Shane Lee
Founder at SmiteFX.com

Singapore

2324
4.8 (34)
- 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".

10 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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Check Out Our Other Products: Click Here TradingCalendar Visualize Your Trading Performance: TradingCalendar automatically transforms your MetaTrader trading history into a clean monthly calendar, making it easy to see your trading performance at a glance. Daily Profit & Loss: Each trading day displays your daily P&L and number of trades. Profitable and losing days are clearly highlighted for quick performance review. Monthly Statistics: View your total monthly P&L and number of active tradin

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RiskLock MT4 — Professional Drawdown Protection & Emergency Account Lock System RiskLock MT4 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 Mult

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rollitquick1 2026.07.04 06:51 #

User didn't leave any comment to the rating

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Reply from developer Shane Lee 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

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Sugiyantho 2026.07.01 04:02 #

User didn't leave any comment to the rating

2324

Reply from developer Shane Lee 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