Prop Firm Risk Guard PRO
- Utilities
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JETINVEST
Roberto Junqueira, is Trader for over 20 years and has been developing indicators and trading experts for more than 10 years for the Forex, Cryptocurrencies and Stock Exchanges markets. - Version: 1.0
- Activations: 10
Prop Firm Risk Guard PRO watches your whole account and enforces the limits of a prop firm challenge or of your own risk plan. When a limit is hit, it closes every position, deletes pending orders and keeps the account flat until the next trading day.
WHAT IT DOES
- Daily loss limit, measured from the balance at the start of the trading day (or the higher of balance and equity), with open profit and loss included.
- Maximum drawdown: static from the initial balance, or trailing from the highest balance or the highest equity.
- Total and daily profit targets: once reached, positions are closed and the result is locked.
- Warning by pop-up, sound or push notification when a set share of a limit is used (80% by default).
- While the account is locked, any new trade, manual or from another Expert Advisor, is closed at once.
- Panel with the status, balance and equity, a bar for each limit and the time left until the next trading day.
- The state is saved per account, so a terminal restart keeps the day start, the high-water mark and the locks.
INPUTS
- Initial balance (0 = balance when first attached) and limits in % of the initial balance or in account currency.
- Daily loss limit, daily reference and the server hour when the trading day starts.
- Maximum drawdown and its type: static, trailing balance or trailing equity.
- Total profit target and daily profit target (0 = off).
- Warning level, include open profit and loss, block trading while locked, clear a drawdown or target lock.
- Alerts: pop-up, push and sound. Panel position and font size.
HOW TO USE
- Attach it to one chart only. It watches every symbol and every Expert Advisor on the account.
- Set the start of the trading day in server time to match your firm's rule, and set the limits with a margin below the firm's numbers.
- The guard acts only while the terminal is running with Algo Trading enabled. A VPS keeps it on when your computer is off.
WORKS WITH TRADE PANEL AND RISK MANAGER PRO
Trade Panel and Risk Manager PRO sizes each trade from your risk and manages break-even, partial close and trailing. Prop Firm Risk Guard PRO enforces the account limits on top of it.
FAQ
Does it trade? No. It only closes positions and deletes orders when a limit is reached. In the Strategy Tester it opens sample trades so you can see the limits working.
Can the loss go beyond the limit? Yes. The guard closes at market as soon as the limit is detected, but gaps, slippage and spread can make the final loss larger. Keep a margin from the firm's rule.
Does it fit every prop firm? Rules differ between firms. Check when the trading day resets and how drawdown is measured, then set the inputs to match.
