PropShield

🛡️ PropShield is your automated guardian for proprietary trading firm challenges and funded accounts. If you've ever failed a challenge by exceeding the daily drawdown limit by just a few dollars, or if you struggle to enforce your own risk rules during volatile markets, PropShield is built for you.

This is not a trading strategy - it's a safety system that watches your account 24/7, automatically closes positions when risk limits are breached, and keeps you on track to pass challenges and keep your funded accounts.

Who Is PropShield For?

  • Prop Firm Challenge Traders: Never fail another challenge due to exceeding daily drawdown limits
  • Funded Account Holders: Protect your funding by ensuring you never breach account rules
  • Disciplined Traders: Remove emotion from risk management with automated enforcement
  • Multi-Strategy Traders: Monitor total account equity across all EAs and manual trades

Key Features

  • Automatic Daily Drawdown Protection: Monitors equity every second and closes all positions when approaching your daily loss limit
  • Profit Target Lock-In: Automatically close positions when you hit your profit goal for the day
  • Telegram Alerts: Receive instant mobile notifications when limits are triggered
  • Progress Tracking: Built-in profit tracker showing 1-day, 7-day, and 14-day performance with color-coded display
  • Optional Terminal Shutdown: Prevents revenge trading by closing MT5 when stop-loss is hit
  • Universal Compatibility: Works with any EA, manual trading, symbol, or timeframe

What PropShield Can and Cannot Do

PropShield CAN protect you from:

  • Intraday Drawdown: Monitors equity every second during trading and closes positions before daily limits are breached
  • Profit Protection: Lock in your daily profit target automatically instead of giving back winnings
  • Multi-EA Overexposure: Total account monitoring prevents combined losses across all strategies from breaching limits
  • Emotional Override: Automatic enforcement when you might hesitate to close manually

PropShield CANNOT protect you from:

  • Market Gaps: If the market opens Monday with a large gap against your positions, you may exceed drawdown limits instantly before PropShield can act - the damage happens at market open, not during trading
  • Extreme Spread Widening: Sudden spread increases during news or low liquidity can breach limits before positions can be closed
  • Slippage on Position Closure: In fast-moving markets, positions may close at worse prices than expected

Best Practice: Use PropShield as an additional safety layer, but manage your own risk by avoiding holding positions over weekends or major news events if your account is near drawdown limits.

How It Works

  1. Attach PropShield to any chart in MetaTrader 5
  2. Set your daily loss limit and optional profit target
  3. Configure Telegram alerts (optional)
  4. Trade with confidence - your account is protected 24/7

Why PropShield?

  • 24/7 Monitoring: Never miss the critical moment - PropShield watches your account every second
  • Removes Emotion: No hesitation, no hope, no fear - just automatic rule enforcement
  • Built for Prop Trading: Purpose-built for prop firm rules, not a generic stop-loss tool
  • Does One Job Perfectly: Focused protection without interfering with your trading strategy
  • Easy to Test: Verify your setup works before you need it with built-in testing features

Important Notes

  • PropShield is a protection tool, not a trading robot - it monitors and closes positions, doesn't open them
  • Works with any trading approach: manual, EAs, or combined
  • Requires MetaTrader 5 (not compatible with MT4)
  • Always test on demo accounts before using on funded challenges
  • One instance per MT5 terminal protects your entire account

Support

For questions, support, or feature requests, please do not hesitate to contact me through the platform.

Disclaimer

Risk Warning: Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. PropShield is a risk management tool designed to help enforce trading discipline and protect against excessive losses. However, no software can guarantee profits or prevent all losses. Past performance is not indicative of future results. Use this tool at your own risk. The developer is not responsible for any trading losses incurred while using this product. Always test thoroughly on demo accounts before using on funded accounts.

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EA Auditor is an independent analysis tool for traders evaluating Expert Advisors and trading signals on MetaTrader 5. It audits backtest reports, reviews posted developer signals, and cross-verifies the two against each other to help traders assess strategies before committing capital. The MQL5 market offers a wide range of Expert Advisors from many developers, with varying approaches, quality, and transparency. EA Auditor provides a consistent, data-driven framework for reviewing them, answer
This Expert Advisor waits a position to be opened, no matter if you open manually or with the EA buttons or eventually via mobile: it creates a Grid in Anti Martingale with pending stop orders in the same direction of the first position. You can specify the number of orders, the size and the distance between the orders. You can also adjust the Monetary Target of the Grid, the monetary Stop Loss, the Intermediate Target (when reached the EA insert an order with opposite direction of the total pos
VERON LINK MASTER MT5 — Real-time Multi-Account Dashboard & Sync Controller Veron Link Master is a high-performance, centralized monitoring and synchronization control center designed for MetaTrader 5. Built specifically for traders managing multiple accounts, prop firm portfolios, grid/martingale EAs, or client networks, Veron Link Master provides a seamless, ultra-modern dark-themed GUI dashboard directly on your MT5 terminal. Pricing Structure: Take advantage of our early-bird pricing before
Veron Link Slave – Synchronized Grid, Martingale & Breakout Management Short Description Advanced synchronization tool designed to manage Grid, Martingale, and Breakout EAs. Automatically sends close-basket signals to the Master account upon profit target completion, minimizing slippage across different brokers. Full Description Veron Link Slave is a specialized utility developed to enhance the execution efficiency and risk management of multi-account or multi-broker trading setups. It is desig
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DrawRectangular EA The Expert draws Renko rectangles and the levels of development of the following "bricks" directly on the chart, can be used as an indicator. The order may be opened on or against (sets in the settings) the trend, depending on the size of the shadows of the last two Renko bars. Expert features: No more than one order per symbol; You must set the size of the last two shadows: "from" and "to"; Management of lot size depending on the deposit; Adjustable size Renko bar; Pending
FREE
ReverseTrend
Ivan Zhigalov
ReverseTrend MT5 Introducing ReverseTrend - your fully automatic trading advisor designed for night scalping, utilizing the Bollinger Bands indicator for entry signals, focusing exclusively on BUY positions. This EA does not employ the risky martingale strategy, ensuring a safer trading approach. Key Features: Proven Long-Term Performance : ReverseTrend MT5 has shown remarkable results over a 5-year testing period from 2017 to 2024, with significant gains like +94.6% on EURAUD, +468% on EURCAD
NeonRectangle
Ivan Zhigalov
NeonRectangle EA – Algorithme de pointe basé sur l'action des prix pour un profit maximal NeonRectangle est un Expert Advisor (EA) unique et entièrement automatisé, conçu pour offrir des rendements élevés de manière constante en exploitant une analyse avancée de l'action des prix. Développé à partir de plus de 10 ans d'expérience réelle sur les marchés, cet EA est l'aboutissement de ma profonde compréhension des comportements et dynamiques du marché. Suivi en temps réel du compte : NeonRectang
NeonCircle
Ivan Zhigalov
NeonCircle This Expert Advisor (EA) is the culmination of my 10+ years of trading experience, offering a straightforward yet effective trading system optimized for the M15 timeframe on the following currency pairs: AUDCAD , AUDNZD , and NZDCAD . While these pairs are pre-optimized, feel free to adjust the settings for any additional instruments you wish to trade. THE SETTINGS FOR THIS EA ARE ATTACHED IN THE FIRST COMMENT!!! Trading Strategy Overview The EA operates without the use of indicators
NeonKumo
Ivan Zhigalov
NeonKumo Introducing NeonKumo a straightforward and reliable trading system designed with simplicity and precision in mind. Built around the Ichimoku indicator, this EA carefully evaluates the market to identify potential trades with clarity.  NeonKumo doesn’t aim to over complicate; instead, it harnesses the power of Ichimoku’s clear insights for traders looking for a balanced, no-frills solution in the forex market.   NeonKumo   is built to balance risk and consistency, making it ideal for tr
NoSwapEA MT5 - Trade Smart, Avoid Swaps Overview NoSwapEA is a smart and efficient Expert Advisor designed to help traders avoid overnight swap charges by automatically closing and reopening trades based on a customizable schedule. Developed by NeonTrade, this EA is perfect for traders who want to optimize their trading strategy while minimizing costs. Key Features    Swap-Free Trading : Automatically closes trades before swap charges are applied and reopens them the next day, saving you money
️ EquityShield is your automated risk management guardian for MetaTrader 5. If you've ever exceeded your daily loss limit, struggled to enforce your own trading rules during volatile markets, or wanted to automatically lock in profits when you hit your targets, EquityShield is built for you. This is not a trading strategy - it's a safety system that watches your account 24/7, automatically closes positions when your risk limits are breached, and helps you maintain consistent trading discipline
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