PropFirm Risk Guardian
- Utilities
- Version: 1.1
- Activations: 5
PROP COP – Prop Firm Risk Manager
One broken rule and your challenge is gone. Prop Cop makes sure that never happens.
Most prop firm accounts aren't lost to bad strategies. They're lost to one bad day: a revenge trade, an EA that goes wild, a news spike. Prop Cop watches your entire account every second and steps in BEFORE you break the rules.
Attach it to ONE chart. It then polices every symbol, every EA and every manual trade on the account.
WHAT IT ENFORCES
DAILY LOSS LIMIT
- Set it as a % of your initial balance (how most prop firms define it) or of the day's starting balance.
- Measured from the day's starting balance, equity, or the higher of the two, whichever your firm uses.
- Set the hour your trading day resets, to match your firm's server time.
- When the limit is hit, everything closes and the account is locked until the next trading day.
MAXIMUM DRAWDOWN
- Static: measured from the initial balance.
- Trailing (balance): follows your highest closed balance.
- Trailing (equity): follows your highest equity.
- Optionally, the trailing floor stops rising once it reaches the initial balance, as many firms do.
- When the limit is hit, everything closes and the account stays locked until you reset it.
PROFIT TARGET LOCK
- Once you reach the target, all trades close and the account locks, so you can't give the pass back.
BUILT-IN SAFETY
- Early stop: acts a set % BEFORE the real limit, so slippage doesn't push you over.
- Warnings: a pop-up and a push notification to your phone when a set % of a limit is used (default 80%).
- Zero-tolerance lock: while the account is locked, any new trade, from you or any EA, is closed immediately and pending orders are deleted.
- Survives restarts: the lock is saved, so restarting MT5 doesn't unlock the account.
- Max open positions (optional): extra positions above your limit are closed.
- Weekend close (optional): closes everything on Friday at your chosen hour.
LIVE PANEL
A clear panel on the chart shows the status, balance and equity, today's profit or loss, colour bars for how much of your daily loss and max drawdown you've used (going from green to orange to red), your drawdown floor, and open positions.
READY-MADE SETTINGS
- Typical 2-step challenge: daily loss 5% of initial, max drawdown 10%, Static
- Typical 1-step challenge: daily loss 3-4% of initial, max drawdown 6%, Trailing (balance)
- Instant funding: daily loss 3%, max drawdown 5-6%, Trailing (equity)
Always check your own firm's exact rules and set the inputs to match.
WHO IT'S FOR
- Prop firm challenge and funded traders
- Anyone running EAs who wants a hard stop behind them
- Manual traders who need protection from themselves on a bad day
IMPORTANT
- Prop Cop does NOT open trades on live accounts. It only protects.
- In the Strategy Tester, it opens random demo trades just to show its locks working. The test result is not a strategy.
- Algo Trading must be turned on, or it can't close positions.
- It closes trades as fast as the market allows, but a price gap, for example over the weekend or at a news spike, can move past a level before it acts. Use the early stop and keep sensible position sizes.
Costs less than one failed challenge.
