Lab Prop Guardian MT5

Lab Prop Guardian protects funded and prop-firm challenge accounts from the most common way traders lose them: breaking the daily loss or maximum drawdown rule by a few dollars.

It watches your account equity every second. When a limit is about to be reached, it closes all positions, deletes pending orders and keeps the account flat until the limit resets.

Rules it enforces

• Daily loss limit in % or money, measured from the balance or from the higher of balance/equity at the daily reset (configurable reset hour).
• Maximum drawdown: static (from initial balance), trailing (from equity peak) or trailing that stops at the initial balance.
• Profit target (optional): closes everything when the challenge target is reached, so a good day is not given back.

How it protects you

• Safety buffer: acts while a configurable part of each limit is still left (10% by default), to absorb slippage and spread.
• Warnings by alert and push notification when a limit is 70% used.
• Locks after a breach: any new trade is closed immediately. The daily lock ends at the reset; the drawdown and target locks stay until you reset them.
• Remembers its state if MetaTrader is restarted.
• Clear panel: status, equity, today's P/L, room left to the daily limit and to the drawdown floor.
• Can manage all positions on the account or only one symbol / magic number. Works on netting and hedging accounts.

Important

• Enter your firm's exact rules in the inputs: each prop firm calculates limits differently.
• Keep MetaTrader running (a VPS is recommended): the Guardian can only act while the terminal is connected.
• It does not open trades and does not generate signals. It is a risk-management tool.

Also available for MetaTrader 4. Made by Laboratorio de Estrategias.