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Prop Firm Drawdown Guard EA – Documentation (MT5 Version) Version: 1.00 Platform: MetaTrader 5 (MT5) Author: Branko Balog Website: https://www.mql5.com 🛡️ Purpose This Expert Advisor (EA) helps prop firm traders adhere to drawdown rules by monitoring daily and total account equity loss and enforcing restrictions when thresholds are breached. It performs the following actions: - Monitors account equity in real-time - Closes all open positions when drawdown limits are hit - Blocks opening of new
Prop Firm Drawdown Guard EA – Documentation Version: 1.00 Platform: MetaTrader 4 (MT4) Author: Branko Balog Website: https://www.mql5.com 🛡️ Purpose This Expert Advisor (EA) is designed to enforce drawdown limits required by prop trading firms. It helps traders stay compliant with daily and total equity loss rules by automatically: - Monitoring account equity in real time - Closing all open trades when limits are exceeded - Blocking all further trading activity for the rest of the day -