Prop Firm DrawDown Guard EA

Prop Firm Drawdown Guard EA – Documentation

Version: 1.00
Platform: MetaTrader 4 (MT4)
Author: Branko Balog

🛡️ 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
- Optionally sending alerts/notifications

⚙️ Inputs
Parameter                      | Type    | Description
------------------------------|---------|---------------------------------------------------------------
MaxDailyDrawdownPercent       | double  | Maximum allowed daily drawdown in percentage of the day's starting equity.
MaxTotalDrawdownPercent       | double  | Maximum allowed total drawdown in percentage of initial account balance.
BlockTradingAfterDrawdown     | bool    | If true, blocks all new trades for the rest of the day after breach.
EnableAlerts                  | bool    | Enables in-terminal alerts when drawdown is breached.
EnableEmail                   | bool    | Sends email notification (requires proper setup in terminal).
EnablePush                    | bool    | Sends mobile push notification (requires proper setup in terminal).
EnableLog                     | bool    | Logs drawdown events in the Experts tab.

⏱️ How It Works
- At the start of each new day, the EA captures the account's current equity as the baseline.
- It continuously compares current equity to:
  - The day-start equity → for daily drawdown
  - The initial balance → for total drawdown
- If either threshold is breached:
  - All open trades are closed immediately
  - All pending orders are deleted
  - No new trades are allowed for the rest of the day

🧠 Special Logic
- New trade attempts while in "blocked mode" will be automatically cancelled.
- Notifications (alerts/email/push/log) are triggered once per breach.
- Resets daily logic at the start of each new day (based on server time and D1 candle).

✅ Compatible With
- All brokers that support MT4
- All account types
- All symbols and timeframes
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Strategy Builder offers an incredible amount of functionality. It combines a trade panel with configurable automation (covert indicators into an EA), real-time statistics (profit & draw down) plus automatic optimization of SL, TP/exit, trading hours, indicator inputs. Multiple indicators can be combined into an single alert/trade signal and can include custom indicators, even if just have ex4 file or purchased from Market. The system is easily configured via a CONFIG button and associated pop-up
VirtualTradePad PRO SE MT4 — panneau de trading avancé et espace graphique pour MetaTrader 4 VirtualTradePad PRO SE est un panneau de trading professionnel et un espace de gestion des trades pour MetaTrader 4 . Il aide les traders à ouvrir, gérer, protéger, fermer et analyser leurs trades plus rapidement depuis une seule interface basée sur le graphique. Le produit a été créé pour les traders manuels actifs qui ont besoin de plus qu’un simple ensemble de boutons. PRO SE combine l’exécution en un
VirtualTradePad mt4 Extra
Vladislav Andruschenko
4.85 (61)
Panneau de trading pour trader en 1 clic.   Travailler avec des positions et des commandes!   Trading à partir du graphique ou du clavier. En utilisant notre panel de trading, vous pouvez trader en un clic à partir du graphique et effectuer des opérations de trading 30 fois plus rapidement que le contrôle MetaTrader standard. Des calculs automatiques de paramètres et de fonctions qui facilitent la vie d'un trader et aident un trader à mener ses activités de trading beaucoup plus rapidement et pl
Coppy Master MT4
Sergey Batudayev
4 (3)
Copieur Master MT4       est un outil de copie de transactions pour les terminaux MetaTrader 4 et MetaTrader 5. Il prend en charge la copie dans les deux sens : de MT4 à MT5, de MT5 à MT4, ainsi qu'entre comptes du même type MT4 à MT4. Pour fonctionner correctement, tous les terminaux doivent fonctionner sur le même PC ou VPS. [ Instruction  and Demo ]  Pour copier vers MetaTrader 4, une version séparée —       Copieur Master MT5       — est requis. Caractéristiques principales : Modes de copie
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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
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