PropShield Guardian

PropShield Guardian is an automated risk-monitoring tool designed for FundedNext CFD accounts (Stellar 2-Step, Stellar 1-Step, Stellar Lite, and Express/Instant models). Operating in MetaTrader 5, it tracks account equity against FundedNext's published evaluation rules and enforces custom trade-discipline filters without executing market orders.

Core Features & System Architecture

1. Master Compliance Status

The primary dashboard presents a COMPLIANCE STATUS badge. Instead of checking for active breaches, the status evaluates account parameters in real time:

• Daily Drawdown Limit & Max Drawdown Floor: Evaluated continuously against floating account equity.

• Minimum Trading Days: Verified against closed trade deal history.

• Profit Targets & Consistency Thresholds: Checked against current phase objectives.

If non-compliant, explicit reason codes print directly below the badge.

2. Trade-Discipline Enforcers

PropShield Guardian never enters new trades. It features three reactive trade management mechanisms that can automatically close or cancel violating orders:

• SL/TP Protection ( InpEnforceSLTP ): Monitors open positions and pending orders. Missing stop levels trigger a grace countdown (default: 10s). If unaddressed, positions are market-closed, and pending orders (limits/stops) are cancelled prior to execution.

• Single Symbol Constraint ( InpEnforceOnePerSymbol ): Detects multiple open positions on the same currency pair or asset and prompts a selection dialog to maintain position limits.

• Post-Loss Cooldown Timer ( InpEnforceCooldown ): Restricts immediate re-entry on a specific instrument for a set duration (default: 15 minutes) following a realized loss to mitigate revenge trading.

• Emergency Panic Button ( InpEnablePanicButton ): Optional manual feature requiring double-confirmation to liquidate all open exposure across pairs instantly.

FundedNext Rule Integrations

• Daily Loss Limit: Tracks (Realized Daily P&L + Floating P&L) <= -(InitialBalance × DailyLossPct) . Uses equity instead of balance to reflect intraday drawdown rules. Synchronizes with 00:00 server time reset cycles.

• Max Loss Limit: Tracks account equity against a static floor calculated from initial capital.

• Consistency Rule Tracking: Monitors peak single-day profit against total accumulated profits, flagging metrics that exceed the standard 40% payout threshold.

• Economic News Filter: Integrates MT5's economic calendar to display alerts near high-impact releases on active pairs.

• Weekend Holding Flag: Optional notification toggles for accounts restricting overnight or weekend position holds.

Execution Speed & Event Handling

MT5 does not support client-side pre-trade filtering for manual market orders. PropShield Guardian reduces latency by processing via OnTradeTransaction , processing trade events in milliseconds alongside the standard 1-second timer tick.

1. Copy PropShield_Guardian.mq5 into your terminal's /MQL5/Experts/ directory.

2. Compile in MetaEditor (F7).

3. Attach the EA to a single chart. Account metrics and floating calculations operate globally across all symbols.

4. Enable Allow Algo Trading under the Common tab.

5. Confirm initial balance autodetection upon attachment. Set InpInitialBalance to fix manual account sizing if required.