Funded Account Guardian MT5
- Utilities
- Version: 1.0
- Activations: 5
Funded Account Guardian is not a trading robot and not a trade panel: it opens no trades on your account and sizes no positions. In the Strategy Tester it opens sample trades, so that the demo shows the limits at work. It watches the whole account where your Expert Advisors (or you) trade and acts before the prop firm's loss rules are broken.
How it protects the account
- Soft limit, above the firm's limit: pending orders are deleted and any new position is closed at once, while the positions already open are kept.
- Hard limit, closer to the firm's limit: every position is closed and every pending order deleted, with all the closes sent at the same time.
- The lock lasts until the firm's next day (daily rule) or until you clear it (maximum loss rule, profit target).
- Locks and the day's base survive a restart of the terminal.
The firm's rules
- Presets: FTMO 2-Step and 1-Step, The5ers High Stakes and Hyper Growth, FundedNext Stellar 2-Step and 1-Step, FundingPips 2-Step Standard and Pro.
- Custom rules for any other firm: daily loss as a % of the initial size or of the day's base; the day's base as the start-of-day balance or the higher of balance and equity; the day starting at 00:00 server time or 00:00 Prague time; static or end-of-day trailing maximum loss.
- Equity (balance plus floating profit and loss) is what is compared with the limits, as the firms do.
Status panel
- State (OK / locked / blocked by open risk) and the reason.
- Equity, the day's base, the daily and maximum loss floors, the soft and hard limits, each with the distance in money and in %.
- Open risk: what the account would lose if every stop loss were hit, with a warning for positions without a stop loss.
Options
Optionally it can close everything and stop at a profit target, close everything before the weekend, guard only some EAs by magic number, and block new trades while the open risk could take the equity under the soft limit. Alerts, push notifications and e-mails are available.
Safety
It does not start without the initial account size. On a first start, if the equity is already under the hard limit (wrong settings), it closes nothing and tells you. If it cannot close anything (Algo Trading off, the EA not allowed to trade, disconnected, investor login), the panel turns red at once and an alert follows.
Please note: the presets follow the rules the firms publish, but rules change and accounts differ; check your own account's rules. The guardian reduces the risk of breaking a rule but cannot remove it: price gaps, slippage or a disconnected terminal can still take the equity past a limit. The terminal must stay open and connected (a VPS is recommended).
FTMO, The5ers, FundedNext and FundingPips are trademarks of their owners. This product is not affiliated with, endorsed by or sponsored by any of them; their names only say which published rules a preset follows.
User guide (settings one by one, presets, how to choose the limits): https://www.mql5.com/en/blogs/post/780404
