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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Telegram to MT4 Coppy
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Télégramme vers MT4 :   la solution ultime pour copier des signaux Simplifiez votre trading avec   Telegram vers MT4   , l'utilitaire de pointe conçu pour copier les signaux de trading directement depuis les canaux et chats Telegram vers votre plateforme MetaTrader 4, sans DLL. Cette solution robuste garantit une exécution fluide des signaux avec une précision et des options de personnalisation inégalées, vous faisant gagner du temps et optimisant votre efficacité. [ Instructions and DEMO ] Cara
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Rapide. Précis. Innovant. Technologique. Découvrez la copie instantanée de transactions avec le révolutionnaire X2 Copy MT4. Avec seulement 10 secondes d'installation simple, vous obtenez un outil puissant pour synchroniser les transactions entre les terminaux MetaTrader sur un seul ordinateur ou Windows VPS avec une vitesse sans précédent. Que vous gériez plusieurs comptes, suiviez des signaux ou déployiez votre stratégie, X2 Copy MT4 s'adapte à votre flux de travail avec une précision et un co
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Custom Alerts AIO : Surveillez tous les marchés à la fois — sans aucune configuration Présentation Custom Alerts AIO est une solution de surveillance du marché prête à l’emploi, sans configuration nécessaire. Tous les indicateurs requis — FX Power, FX Volume, FX Dynamic, FX Levels, IX Power — sont directement intégrés. Aucun graphique n’est affiché, ce qui rend cet outil idéal pour la génération d’alertes en temps réel. Il prend en charge toutes les classes d’actifs proposées par votre courtie
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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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