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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Gestore Chiusure Parziali (Partial Close Manager) Partial Close Manager è uno strumento potente e facile da usare che consente di chiudere automaticamente una posizione in modo parziale a diversi livelli di prezzo. Caratteristiche: Dashboard intuitiva per gestire contemporaneamente fino a 5 diversi livelli di TP (Take Profit) e SL (Stop Loss) per un massimo di 5 posizioni diverse per grafico. Personalizzazione dei lotti: l'utente può specificare qualsiasi quantità di lotti per un massimo di 5 di
Exp4 Duplicator
Vladislav Andruschenko
4.5 (22)
Duplicator per MetaTrader 4 — sistema professionale di duplicazione di operazioni e ordini all'interno di un solo terminale Un Expert Advisor potente pensato per i trader che vogliono duplicare automaticamente operazioni già aperte, aumentare il volume, applicare la propria logica sui lotti e gestire i duplicati con regole precise. È uno strumento pratico per il trading manuale, per i sistemi automatici e per la gestione flessibile di posizioni già presenti nel terminale. Duplicator non apre op
Blocco automatico del profitto al raggiungimento del profitto target EquityTargetCloser   — è un consulente esperto utility per MetaTrader 5 che chiude automaticamente tutte le posizioni di mercato ed elimina gli ordini pendenti non appena   l'equity supera il saldo corrente dell'importo di profitto specificato . Dopo la chiusura di tutte le posizioni, l'obiettivo aumenta automaticamente: la nuova soglia = nuovo saldo + profitto specificato. L'EA non apre operazioni, ma gestisce solo le posizion
Coppy Master MT4
Sergey Batudayev
4 (3)
Copy Master MT4       è uno strumento di copia delle transazioni per i terminali MetaTrader 4 e MetaTrader 5. Supporta la copia in entrambe le direzioni: da MT4 a MT5, da MT5 a MT4, nonché tra conti dello stesso tipo MT4 a MT4. Per funzionare correttamente, tutti i terminali devono essere in esecuzione sullo stesso PC o VPS. [ Instruction  and Demo ]  Per la copia su MetaTrader 4, una versione separata —       Copy Master MT5       - è obbligatorio. Caratteristiche principali: Modalità di copia
Exp SafetyLock PRO
Vladislav Andruschenko
4.57 (28)
SAFETYLOCK for MetaTrader 4 è una utility premium di protezione del trading progettata per difendere le posizioni aperte dalle improvvise inversioni del mercato, posizionando automaticamente un ordine di sicurezza opposto. Non appena un trader o un Expert Advisor (EA) apre una posizione, SAFETYLOCK for MT4 crea un corrispondente ordine pendente (Buy Stop o Sell Stop) nella direzione opposta. Se il mercato si muove contro il trade originale, l'ordine pendente viene attivato e crea un lock protett
RSI Divergence Scanner is a multi-timeframe and multi-symbol dashboard and alert that checks all timeframes and symbols to find divergences between price chart and RSI indicator. This divergence scanner is integrated with support and resistance zones so you can check the RSI divergences in the most important areas of the chart to find trend reversals in the price chart. Download demo version   (works on M 1,M5,M30,W1 timeframes) Full description of scanner parameters ->   click here . How to get
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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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