ASQ RiskGuard Professional Risk Management EA - expert pour MetaTrader 5

Features

• Equity drawdown protection — close positions when drawdown exceeds threshold (% or $)
• Daily loss limit — cap losses per trading day with automatic trading disable
• Trailing max drawdown — measure DD from peak equity (ideal for prop firm rules)
• Session filter — block trading outside allowed hours, optionally close positions
• Spread guard — prevent entries during high-spread conditions
• Auto lot sizing — fixed lot, risk % of balance, or risk $ per trade
• Position limits — max open positions, max total lots, max orders per day
• Multi-channel alerts with warning at configurable % of limit
• On-chart risk dashboard with color-coded status (safe / warning / danger)
• Magic number filter — protect specific EAs or monitor all
• Event logging to file for audit trail

Installation

1. Copy ASQ_RiskGuard.mq5 to your MQL5/Experts/ folder
2. Compile in MetaEditor or restart MetaTrader 5
3. Attach to any chart and enable Allow Algo Trading
4. RiskGuard monitors ALL positions on the account (or filter by magic number)

How to Configure

1. Set Max Drawdown — 5% (default). When equity drops 5% from balance, positions are closed
2. Set Daily Loss Limit — 3%. Max loss per day before trading is disabled
3. Choose DD Base — "From Balance" (standard) or "From Peak Equity" (trailing, for prop firms)
4. Choose Close Method — Close All (safest), Close Losers Only, or Close Largest Loser
5. Session Filter (optional) — Restrict trading to specific hours (e.g. 08:00–20:00)
6. Spread Guard (optional) — Block entries when spread exceeds threshold
7. Set Warning at 80% — Receive alerts before limits trigger

Prop Firm Tip

Set DD Base to From Peak Equity and configure your firm's max drawdown percentage. RiskGuard will track your high-water mark and protect you automatically — works with Bulenox, FTMO, TopStep, and similar rules.

Key Parameters

Alert System

RiskGuard sends alerts through multiple channels when limits are approached or triggered:

• Popup alert on screen (default: on)
• Sound alert with custom .wav file (default: on)
• Push notification to mobile (default: off)
• Email alert (default: off)
• Early warning at 80% of limit before positions are closed

Author

AlgoSphere Quant mql5.com/en/users/robin2.0 Precision before profit.