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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Trading History - A program for trading and money management on the history of quotes in stratagy tester. It can work with pending and immediate orders, and is equipped with trailing stop, breakeven and take profit functions. Very good for training and testing different strategies. Manual (Be sure to read before purchasing) Advantages 1. Allows you to test any trading strategy in the shortest possible time 2. An excellent simulator for trading training. You can gain months of trading experience
The News Filter
Leolouiski Gan
5 (25)
Questo prodotto filtra tutti gli esperti consulenti e i grafici manuali durante il periodo delle notizie, così non dovrai preoccuparti di improvvisi picchi di prezzo che potrebbero distruggere le tue impostazioni di trading manuali o le negoziazioni effettuate da altri esperti consulenti. Questo prodotto viene fornito anche con un sistema completo di gestione degli ordini che può gestire le tue posizioni aperte e gli ordini in sospeso prima della pubblicazione di qualsiasi notizia. Una volta che
Candlestick Pattern Scanner is a multi-timeframe and multi-symbol dashboard and alert system that checks all timeframes and currency pairs for different candlestick patterns that are formed in them. Scanner is integrated with support and resistance zones so you can check the candlestick patterns in the most important areas of the chart to find breakout and reversal patterns in the price chart. Download demo version   (works on M30,D1,W1 timeframes and 20 symbols of Market Watch window) Read the
ManHedger MT4
Peter Mueller
5 (2)
THIS EA IS A SEMI-AUTO EA, IT NEEDS USER INPUT. Manual & Test Version Please TEST this product before   BUYING  and watch my video about it. Contact me for user support or bug reports, or if you want the MT5 version! MT5 Version I do not guarantee any profits or financial success using this EA. With this Expert Advisor, you can: Implement your own   Zone Recovery   strategy to capitalize on trending markets. Create   Grid   trading strategies, to profit from ranging markets. Place orders easil
Seconds Chart - uno strumento unico per creare grafici in secondi su MetaTrader 4 . Con Seconds Chart , puoi generare grafici con timeframe definiti in secondi, ottenendo una flessibilità e una precisione d'analisi ideali, non disponibili nei grafici standard in minuti o ore. Ad esempio, il timeframe S15 indica un grafico con candele di 15 secondi. Puoi utilizzare qualsiasi indicatore, expert advisor e script. È facile utilizzarli proprio come nei grafici standard. A differenza degli strumenti s
Unlimited Trade Copier Pro
Vu Trung Kien
3.86 (7)
Unlimited Trade Copier Pro is a tool to copy trade remotely to multiple MT4, MT5 and cTrader accounts at different computers/locations over internet. This is an ideal solution for you if you are a signal provider and want to copy your trades to other receivers globally on your own rules. One provider can copy trades to multiple receivers and one receiver can get trade from multiple providers as well. The provider can even set the subscription expiry for each receiver, so that receiver will not b
Il MT4 to Discord Signal Provider è uno strumento facile da usare e completamente personalizzabile, progettato per inviare segnali di trading direttamente a Discord. Questo strumento trasforma il tuo account di trading in un efficiente fornitore di segnali. Personalizza i formati dei messaggi secondo il tuo stile! Per facilitarne l'uso, seleziona tra i modelli pre-progettati e scegli quali elementi del messaggio includere o escludere. [ Demo ] [ Manuale ] [ Versione MT5 ] [ Versione Telegram ] 
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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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