Prop Risk Guard MT4 - daily loss and drawdown protection - sistema esperto per MetaTrader 4

Stop one bad day from ending your prop-firm challenge or your account. Prop Risk Guard watches your MT4 account and acts the moment a limit is hit: it closes every open order, deletes pending orders and keeps the account flat until the lock resets. It works with any EA and with manual trading.

What it protects

Daily loss limit: in % or money, measured from the day's starting balance, equity, or the higher of the two (pick what your prop firm uses). You set the hour the day starts (server time). Closed and floating P/L both count.

Max drawdown: static (from your starting balance) or trailing (from the account's peak equity). Profit target lock (optional): once the target is reached, it closes everything and locks, so the profit can't be given back.

Early warning: an alert when a set share of a limit is used (80% by default). Safety buffer: acts a few % before the real limit, because fast markets can move between two checks.

When a limit is hit

All open orders are closed and all pending orders deleted. The account is then locked: any new trade is closed within a fraction of a second (the guard checks 4 times per second), whether it comes from an EA, the phone or the desktop. The daily lock resets when the new day starts; the max-drawdown and target locks stay on until you enter a new starting balance for a new challenge. Locks and the day's reference are saved, so they survive a terminal or VPS restart.

Panel

A card panel shows the status (PROTECTED, WARNING, LOCKED FOR TODAY, LOCKED), equity, today's P/L, how much of each limit is used with a colour bar, the time until the daily reset and the last event. Click it to collapse it. It picks a dark or light look from the chart colours.

Usage

Attach it to ONE chart (any symbol); it watches the whole account, or only one symbol or magic number if you choose. Set your prop firm's rules and make sure AutoTrading is on, so the guard is allowed to close trades. In the Strategy Tester, Demo mode opens deliberately risky random trades, so you can watch it warn, close everything and lock.

Please note: the guard reacts to price changes, so in a very fast market or a gap the final loss can be a little bigger than the limit; use the safety buffer to leave room. It never opens trades on a real account. Keep the terminal running (a VPS is ideal). An MT5 version is also available in CodeBase.