CopyRiskGuard
- Utilities
- Version: 1.10
- Activations: 5
Do you follow signals or copy trades from a provider and worry that a single position could spiral out of control before you can react? CopyRiskGuard watches every open position in your account independently and automatically closes it as soon as its loss exceeds the risk percentage you define — without you needing to be in front of the screen.
How does it work?
The EA does not open or modify trades: it only monitors. Every few seconds it checks all open positions, and if any one of them accumulates a loss (including swap and commission, if you enable that) that exceeds the risk limit defined as a % of your account Balance, it closes it at market immediately. Each position is evaluated separately, so one large position never "hides" another one that should already have been closed.
Key features
- ✅ Configurable loss limit as a % of Balance, with optional minimum/maximum caps in account currency.
- ✅ Individual per-position evaluation — protects each trade on its own merit, not just the account total.
- ✅ Closes every position that exceeds the limit within the same cycle, not one at a time with delays.
- ✅ Optional day/hour filter: decide when the EA is allowed to close positions (for example, to avoid closures during low-liquidity or rollover hours), without ever pausing the monitoring itself.
- ✅ Detailed logging of every evaluation and closure, with optional terminal alerts.
- ✅ No Magic Number or symbol filtering: built for accounts dedicated 100% to copytrading, where it needs to watch everything that comes in.
Simple setup
Attach it to any chart and it will monitor the open positions of every currency pair in your account.
Just set your maximum risk % per position, the check interval, and — if you want — your allowed trading window. The EA handles the rest.
Important — transparency with the buyer
- This EA manages risk; it does not generate signals or predict the market. It does not guarantee results and cannot protect against price gaps or extreme slippage in abnormal market conditions.
- It works only while the MT5 terminal is connected and running; using it on a VPS with active monitoring is recommended.
- Past or simulated performance does not guarantee future results. This product is a risk-management tool, not financial advice.
