Prop Firm DrawDown Guard MT5

Prop Firm Drawdown Guard EA – Documentation (MT5 Version)

Version: 1.00
Platform: MetaTrader 5 (MT5)
Author: Branko Balog

🛡️ 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 trades for the day if required
- Sends alerts and/or notifications upon drawdown breaches

⚙️ Inputs
Parameter                      | Type    | Description
------------------------------|---------|---------------------------------------------------------------
MaxDailyDrawdownPercent       | double  | Maximum allowed daily drawdown in percentage of daily start equity.
MaxTotalDrawdownPercent       | double  | Maximum allowed total drawdown in percentage of initial balance.
BlockTradingAfterDrawdown     | bool    | Blocks new trades for the day if drawdown limits are breached.
EnableAlerts                  | bool    | Enables terminal alerts when drawdown is exceeded.
EnableEmail                   | bool    | Sends email notification (requires setup in terminal options).
EnablePush                    | bool    | Sends mobile push notification (requires setup in terminal options).
EnableLog                     | bool    | Logs drawdown events to the Experts tab.

⏱️ How It Works
- At EA initialization, it records the current equity and balance.
- Each new day, it resets the "day start equity" to monitor daily drawdown.
- Continuously compares the current equity to:
  - Daily start equity → for daily drawdown check
  - Initial balance → for total drawdown check
- If either threshold is breached:
  - All positions are closed immediately
  - New trade entries are blocked (if enabled)
  - Optional alerts are triggered (alert/email/push/log)

🧠 Special Logic
- Uses `TimeDay(TimeCurrent())` to detect start of new day.
- Uses `CTrade` class for order operations (MT5 standard library).
- Trades are blocked after a drawdown breach for the rest of the day if the option is enabled.
- All types of open positions are force-closed; new positions are not allowed until the next day.

✅ Compatible With
- MetaTrader 5 platforms (builds supporting standard MQL5 trade library)
- All prop firm challenge accounts (e.g., FTMO, MyForexFunds, etc.)
- All symbols and timeframes
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Timeless Charts est un utilitaire de trading tout-en-un destiné aux traders professionnels. Il combine des types de graphiques personnalisés tels que les graphiques en secondes et Renko avec une analyse avancée du flux d’ordre s utilisant Footprints , Clusters , Profils de Volume , études VWAP et outils d’analyse ancrés pour une compréhension plus approfondie du marché. Le trading et la gestion des positions sont effectués directement depuis le graphique via un panneau intégré de gestion des ord
FxTools Il s’agit d’un tableau de bord de trading MT5 tout-en-un. Il aide à calculer le risque par trade, ouvrir des ordres rapidement, gérer les positions avec clôture partielle, trailing stop, grid, martingale, recovery et breakeven, plus l’analyse d’indicateurs et d’autres outils utiles. Lien vers la version démo Matériels supplémentaires et instructions Guide du tableau de bord et des indicateurs – Guide Ouverture, Fermeture & Filtres – Guide Trail, Grid & Martingale – Guide Recovery & Bre
Télécharger la démo fonctionnelle Copy Cat More (Chat Copieur) — Copieur de Trades (Trade Copier) MT5 est un copieur de trades local et un cadre complet de gestion du risque et d'exécution, conçu pour les défis du trading d'aujourd'hui. Des challenges de prop firm à la gestion de portefeuille personnel, il s'adapte à chaque situation grâce à une combinaison d'exécution robuste, de protection du capital, de configuration flexible et de gestion avancée des trades. Le copieur fonctionne dans les
Telegram To MT5 Receiver
Levi Dane Benjamin
4.53 (15)
Copiez les signaux de n'importe quel canal dont vous êtes membre (y compris les canaux privés et restreints) directement sur votre MT5.  Cet outil a été conçu en pensant à l'utilisateur et offre de nombreuses fonctionnalités nécessaires pour gérer et surveiller les trades. Ce produit est présenté dans une interface graphique conviviale et attrayante. Personnalisez vos paramètres et commencez à utiliser le produit en quelques minutes ! Guide de l'utilisateur + Démo  | Version MT4 | Version Disc
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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 - Opt
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