PropFirm Risk Gatekeeper

  • Utilities
  • Rahul Sharma
    Rahul Sharma
    • MQL5 Expert Advisor Developer at  Algorithmic Trading Developer
    • India
    • 1553
    1 (1)
    I am an algorithmic trading developer focused on building and testing Expert Advisors (EAs) for MetaTrader 5.
    My main area of interest is XAUUSD algorithmic trading, with a focus on systematic strategies, technical analysis, risk management, trade execution, and robust backtesting.
  • Version: 4.10
  • Updated: 20 October 2026
PropFirm Risk Gatekeeper MT5

Advanced Account-Wide Risk Protection for MetaTrader 5

PropFirm Risk Gatekeeper MT5 is an account-level risk-management Expert Advisor designed to help traders control drawdown and protect trading accounts against predefined daily, overall, and individual-position loss limits.

The EA operates independently of any trading strategy and can monitor positions opened by other Expert Advisors or through manual trading.

Key Features

Daily Drawdown Protection

Define a daily loss limit as a percentage of the configured reference or day-start level.

When the specified protection threshold is reached, the EA can:

- Halt further trading
- Close open positions
- Delete pending orders
- Preserve the protection state

The trading-day rollover hour can be configured according to broker server time.

Overall Drawdown Protection

Define a maximum overall account loss as a percentage.

The EA continuously monitors account equity against the protected reference balance. When the configured threshold is reached, trading can be halted automatically, and existing positions and pending orders can be closed.

Safety Buffer

A configurable safety buffer enables the EA to stop trading before the actual prop-firm limit is reached.

This provides an additional margin between the EA's protection threshold and the account's maximum permitted drawdown.

 Individual Position Loss Protection

The EA can monitor each open position independently.

You can configure:

- Maximum loss as a percentage of the reference balance
- Optional fixed monetary loss limit
- Automatic closure of the affected position
- Account-wide trading halt following a single-position loss breach

This feature helps reduce the risk of a single position causing excessive account-level losses.

 Works Alongside Other EAs

PropFirm Risk Gatekeeper is designed as a risk-management layer, not as an entry or signal-generating strategy.

It can monitor the account while other Expert Advisors or manual trades are active.

A terminal Global Variable can also be used as a shared halt flag, allowing compatible EAs to coordinate with the risk-protection system.

 Persistent Protection State

Important protection states are stored using MetaTrader 5 Global Variables.

This enables the EA to preserve critical risk states across EA or chart restarts.

⏱ Continuous Monitoring

Risk monitoring is performed through both:

- Market ticks
- A one-second timer

This allows the protection system to continue monitoring even when the chart receives limited or no new tick activity.

Main Inputs

Daily Loss Limit (%)
Defines the maximum daily drawdown protection threshold.

Maximum Overall Loss (%)
Defines the maximum overall drawdown protection threshold.

Safety Buffer (%)
Provides an additional protection margin before the configured drawdown limit is reached.

Trading Day Start Hour
Defines the daily rollover hour according to broker server time.

Close Positions on Breach
Automatically closes open positions when an account-level protection threshold is triggered.

Single Trade Loss (%)
Defines the maximum permitted loss for an individual position.

Single Trade Loss (Money)
Defines an optional fixed-currency loss limit for individual positions.

Halt on Single Trade Loss
Stops further trading after an individual-position protection breach.

Close on Single Trade Loss
Automatically closes the affected position.

Important Information

This EA is a risk-management and protection tool. It does not generate trading signals and does not guarantee profits, successful prop-firm challenges, or compliance with the rules of every prop firm.

Prop-firm requirements may differ regarding daily drawdown calculations, equity and balance treatment, floating losses, commissions, swaps, trading-day rollover, and other restrictions. Traders should configure the EA according to the specific rules of their account provider.

The EA's reference balance is established from the account balance when the protection state is first initialized. It cannot automatically determine a prop firm's original nominal account size if that information is not provided by the broker or account environment.

Recommended Use

Use PropFirm Risk Gatekeeper MT5 as an additional protection layer alongside your existing trading strategy or Expert Advisor.

Before deploying it on a live or prop-firm account, test the configured limits on a demo account and verify that the broker's server time and the prop firm's drawdown methodology correspond to your settings.

No Martingale • No Grid • Risk Protection • Account-Wide Monitoring • EA-Compatible
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DaneTrades Trade Manager is a professional trade panel for MetaTrader 5, designed for fast, accurate execution with built‑in risk control. Place market or pending orders directly from the chart while the panel automatically calculates position size from your chosen risk, helping you stay consistent and avoid emotional decision‑making. The Trade Manager is built for manual traders who want structure: clear risk/reward planning, automation for repeatable management, and safeguards that help reduc
MT5 to Telegram Signal Provider turns your trading account into a signal provider. Every trade action, whether manual, by EA or from your phone, is instantly sent as a message to Telegram. You can fully customize the format or use a ready-made template for quick setup. [ Demo ] [ Manual ] [ MT4 Version ] [ Discord Version ]     New: [ Telegram To MT5 ] Setup A step by step user guide is available. Key Features Ability to customize order details sent to subscribers You can create a tiered subs
RETAILBERG FOOTPRINT CHART PRO — Order-Flow Workspace for MetaTrader 5 Version 7.00  |  Professional System  |  31 tools  |  One chart A full 150-page illustrated User Manual is included. Please read the full manual to understand this feature packed footprint chart elements and ui. https://www.mql5.com/en/blogs/post/777982 DEMO / STRATEGY TESTER — PLEASE READ FIRST
Trader Evolution
Siarhei Vashchylka
5 (7)
" Trader Evolution " - A utility designed for traders who use wave and technical analysis in their work. One tab of the utility is capable of money management and opening orders, and the other can help in making Elliott wave and technical analysis. Manual (Be sure to read before purchasing) | Version for MT4 Advantages 1. Trading in a few clicks. Immediate and pending orders are available in the panel 2. Money management. The program automatically selects the appropriate lot size 3. Simplifies
Trade copier MT5
Alfiya Fazylova
4.61 (57)
Trade Copier is a professional utility designed to copy and synchronize trades between trading accounts. Copying occurs from the account / terminal of the supplier to the account / terminal of the recipient, which are installed on the same computer or VPS . Before buying, you can test the demo version on a demo account. Demo version here . Full instruction here . Main functionality and benefits: Supports copying MT5> MT5, MT4> MT5, MT5> MT4, including MT5 netting accounts. * Supports copying Dem
DrawDown Limiter
Haidar Lionel Haj Ali
5 (23)
DrawDown Limiter v5.0 — Advanced Account Protection Controller DrawDown Limiter v5.0 is a client-side account protection controller designed to supervise your trading account and automatically react when configured risk, profit, news, schedule, rollover, or position limits are reached. It can monitor manual trades, automated strategies, multiple Expert Advisors, pending orders and floating positions from one dedicated chart. It can protect the complete account or be configured to supervise a spe
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Rahul Sharma
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SMA9 Adaptive XAU is an Expert Advisor designed for XAUUSD trading on the M15 timeframe. The EA uses a short-term SMA9 direction signal together with optional SMA50 and SMA200 trend alignment. An ATR filter can be used to avoid periods with lower market volatility. The stop-loss distance is calculated from the previous completed candle range. The adaptive mode selects between two risk/reward structures: - Wider previous candle range: 1:2 reward-to-risk - Smaller previous candle range: 1:1 rew
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Gold Asia Pulse X7 – XAUUSD M15 Gold Asia Pulse X7 is an automated XAUUSD Expert Advisor built around the sequence: Asian Range → Confirmed M15 Breakout → EMA Trend Filter → ATR-Based SL/TP It records the Asian session high and low, then searches for confirmed breakouts during the configured trading window. The strategy uses fixed rule-based entries and does not use martingale recovery or grid averaging. Strategy Rules Asian Range At the start of each trading day, the EA records the highes
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XAUUSD Adaptive Edge M15 Multi-Strategy Gold Expert Advisor • Risk Controlled • No Martingale • No Grid XAUUSD Adaptive Edge M15 is an Expert Advisor designed primarily for XAUUSD (Gold) on the M15 timeframe. The EA combines multiple independent Buy and Sell strategies with configurable market-condition filters and several layers of risk management. Its purpose is simple: analyze the available market conditions, identify setups that match the configured strategy rules, and manage trades acco
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Prop Trade Assistant X – Prop Firm Trade Manager for MT5 Prop Trade Assistant X is a compact trade panel for manual traders using prop firm challenges and funded accounts. It does not open trades automatically. You decide when to trade; the panel helps manage position sizing, stop losses, take profits, and risk protection. Supports forex, gold, indices, cryptocurrencies, stocks, and broker symbols with suffixes. MAIN FEATURES One-Click Trading - Buy, Sell, and pending orders. - Automatic lo
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XAUUSD Adaptive Edge M15 XAUUSD Adaptive Edge M15 is an automated Expert Advisor designed specifically for Gold (XAUUSD) on the 15-minute timeframe. The EA combines multiple independent trading strategies based on price action, volatility, trend, volume, momentum, and market conditions. Instead of relying on one fixed entry pattern, Adaptive Edge continuously evaluates the market and allows different strategies to respond to different conditions. The objective is simple: Identify structured
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