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LG Equity Protector Pro

59 USD

Published: 6 July 2026

Current version: 1.0

LG Equity Protector Pro

Utilities
Gergo Peter Lazar
Gergo Peter Lazar
Hungary

467
Version: 1.0
Activations: 5

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Utilities

Short description:

MetaTrader 5 equity protection utility with daily, weekly, monthly and floating profit/loss limits, automatic position closing, pending order deletion, Magic Number filtering and on-chart status panel.

LG Equity Protector Pro

Overview

LG Equity Protector Pro is a MetaTrader 5 risk management utility designed to help traders protect account equity using predefined daily, weekly, monthly and floating profit or loss limits.

The tool is not an entry signal Expert Advisor. It is a protection layer that monitors account equity, managed floating profit and open positions. When a selected limit is reached, the utility can automatically close managed positions and delete pending orders according to the user’s settings.

It is suitable for manual traders, EA users, prop firm challenge accounts and traders who want a disciplined account-level protection system.

Core Purpose

Many traders lose control when daily drawdown, floating loss or emotional overtrading becomes too high. LG Equity Protector Pro helps enforce strict account rules by monitoring equity and triggering protective actions automatically.

The program can be configured to protect the whole account or only selected trades using symbol and Magic Number filters.

Main Features

- Daily loss limit

- Daily profit target

- Weekly loss limit

- Weekly profit target

- Monthly loss limit

- Monthly profit target

- Floating loss protection

- Floating profit lock

- Automatic position closing

- Pending order deletion

- Manual trade management

- EA trade management

- Magic Number filter

- Symbol filter

- Spread protection

- Optional stop after trigger

- On-chart status panel

- Strategy Tester compatible

- No DLL usage

- No external dependencies

- MQL5 Market compatible structure

Daily, Weekly and Monthly Protection

The utility records the starting equity for each period and continuously compares current equity to that baseline. If the account reaches a selected profit target or loss limit, the protection system is triggered.

Users can choose fixed money limits, percentage-based limits, or combine both.

Floating Equity Protection

In addition to period-based rules, the EA can monitor managed floating profit and loss. This is useful when multiple open positions are running and the trader wants to close exposure once a floating profit target or floating loss threshold is reached.

Trade Filtering

LG Equity Protector Pro can manage:

- All symbols or one selected symbol

- Manual trades only

- EA trades only

- Both manual and EA trades

- Trades with a specific Magic Number

This makes the utility suitable for both discretionary trading and automated portfolio management.

Recommended Usage

Recommended steps:

1. Attach the EA to one chart.

2. Configure the daily, weekly or monthly limits.

3. Decide whether to manage all trades or only a specific symbol/Magic Number.

4. Test the settings on a demo account.

5. Use conservative limits on live accounts.

6. Do not rely on equity protection as a substitute for responsible position sizing.

Compatibility

- MetaTrader 5

- Expert Advisor category

- Manual trading support

- EA trade management support

- Forex, gold, indices, commodities and CFDs depending on broker availability

- Netting and hedging environments depending on broker conditions

Important Risk Warning

Trading financial markets involves significant risk. Equity protection utilities can help enforce account rules, but they cannot guarantee profits or prevent all losses. Market gaps, slippage, spread widening and broker execution conditions may affect closing prices and final results.

Past performance does not guarantee future results. Users should always test all settings before using the tool on a live account.

Support

For installation, setup or configuration questions, please contact the developer through the MQL5 messaging system.

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LG Equity Protector Pro

Gergo Peter Lazar