PropGuard Prop Firm Risk and Loss Manager
- Utilities
-
Abakar Saleh
I build Expert Advisors for MT5, and I test them before I sell them.
Most MQL5 jobs end the same way: the EA is delivered, it works on the last
three months, and it loses money three months later. I do the opposite.
Every strategy I implement is validated on two disjoint periods with real - Version: 1.0
- Activations: 5
Most prop firm accounts are lost on a risk rule, not on analysis.
One bad day, one forgotten pending order, one badly timed news spike, and the challenge is over - usually with no warning at all.
PropGuard is a risk manager that runs alongside your trading. It watches the account against the firm's rules and acts BEFORE the limit is reached.
WHY "BEFORE"
The safety buffer is 90% by default. When the account reaches 90% of the daily or the max loss limit, PropGuard closes everything and locks trading. You never touch the real limit, so you never get the violation.
RULES IT ENFORCES
- Daily loss limit, as a % of the day reference (balance or equity, your choice)
- Maximum loss limit, with three calculation modes:
- static : fixed floor from the initial balance
- trail equity : the floor trails the equity high
- trail day : the floor trails the best day-start balance
- Custom daily reset hour expressed in FIRM time, with an offset from server time - because most firms do not reset at the broker's midnight
PRESETS
- Custom
- 2-step challenge: 5% daily / 10% max (default)
- 1-step challenge: 3% daily / 6% max
- Aggressive: 4% daily / 8% max, trailing
One input selects the preset; every value stays editable afterwards.
WHEN A LIMIT IS APPROACHED
- Closes open positions
- Deletes pending orders
- Refuses and closes any trade opened while locked
- The lock survives an EA restart - reopening the terminal does not unlock it, so it cannot be bypassed by accident or on impulse
DASHBOARD
- Day reference, current P&L against each limit, distance to the trigger
- Current lock state and the reason, in plain words
- Panel position and font size adjustable
AUDIT JOURNAL
- Every event is written to prop_audit.csv in the common folder: reference, limits, trigger, action taken, timestamp
- Useful to review your own behaviour after a loss, and to document what happened
COMPATIBILITY
- Any symbol, any timeframe, any broker
- Works alongside your own EA or manual trading
- Self-test at attach opens one trade to validate execution
INPUTS
- Rule preset, daily loss %, max loss %, max loss mode
- Safety buffer (act at x% of the limit)
- Daily reset hour, firm-time offset, daily reference (equity or balance)
- Close on lock, close while locked, delete pendings, lock persists
- Audit file name, panel on/off, position, font size
IMPORTANT - PLEASE READ
- PropGuard manages risk. It does not generate signals and does not make profits
- Verify that its presets match YOUR firm's exact rules before using it
- No result is guaranteed. Trading leveraged instruments carries a risk of loss
- Test on a demo account first
