Lab Prop Guardian

  • Utilities
  • Gilberto Cardona Velez
    Gilberto Cardona Velez
    • MQL4/MQL5 developer - Expert Advisors, backtests and strategy conversion at  Laboratorio de Estrategias
    • Colombia
    • 320
    Laboratorio de Estrategias - we turn trading ideas into tested, automated systems.
    Services:
    - Expert Advisors for MT4 / MT5 built to your rules (entries, exits, risk, time filters)
  • Version: 1.0
  • Activations: 5

Lab Prop Guardian protects funded and prop-firm challenge accounts from the most common way traders lose them: breaking the daily loss or maximum drawdown rule by a few dollars.

It watches your account equity every second. When a limit is about to be reached, it closes all positions, deletes pending orders and keeps the account flat until the limit resets.

Rules it enforces

  • Daily loss limit in % or money, measured from the balance or from the higher of balance/equity at the daily reset (configurable reset hour).
  • Maximum drawdown: static (from initial balance), trailing (from equity peak) or trailing that stops at the initial balance.
  • Profit target (optional): closes everything when the challenge target is reached, so a good day is not given back.

How it protects you

  • Safety buffer: acts while a configurable part of each limit is still left (10% by default), to absorb slippage and spread.
  • Warnings by alert and push notification when a limit is 70% used.
  • Locks after a breach: any new trade is closed immediately. The daily lock ends at the reset; the drawdown and target locks stay until you reset them.
  • Remembers its state if MetaTrader is restarted.
  • Clear panel: status, equity, today's P/L, room left to the daily limit and to the drawdown floor.
  • Can manage all trades on the account or only one symbol / magic number.

Important

  • Enter your firm's exact rules in the inputs: each prop firm calculates limits differently.
  • Keep MetaTrader running (a VPS is recommended): the Guardian can only act while the terminal is connected.
  • It does not open trades and does not generate signals. It is a risk-management tool.

Made by Laboratorio de Estrategias.

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