Drawdown Guardian

Overview

Prop Risk Guard (MT4) is a risk-management and compliance utility designed to help traders monitor and enforce daily and overall loss limits (drawdown rules) through configurable protective actions such as warnings, trade lock, pending order cleanup, and emergency close.

This product is NOT a trading strategy, does not generate signals, and does not promise profits. Its purpose is to reduce the risk of rule violations by enforcing the limits you define.

Supported programs (presets)

The EA includes preset-style configurations intended to match common funded-account rule structures such as:

  • FTMO

  • FundedNext

  • FXIFY

Important: funded program rules can change at any time and may differ by plan. You are responsible for confirming your program’s official rules and settings.

What this EA does

  • Daily loss & Max loss monitoring (configurable)

  • Reset time control

    • Broker time / UTC / Custom offset (depending on your configuration)

    • Reset countdown displayed on chart

  • Configurable calculation base

    • Balance-based, Equity-based, or combined (depending on selected mode)

    • Optional inclusion of floating P/L, commission, and swap

  • Multi-level protection

    • Warning (visual + optional notifications)

    • Soft Lock (block new exposure actions + optional pending cleanup)

    • Hard Lock (emergency close + full lock)

  • Emergency actions

    • Close all open positions (optional filters: symbol / magic / comment)

    • Delete pending orders (optional filters: symbol / magic / comment)

  • Dashboard panel

    • Remaining daily loss

    • Remaining overall max loss

    • Current day P/L

    • Drawdown status + next reset countdown

  • Restart-aware behavior

    • Reconstructs state after terminal restart using account history and your reset settings

  • Audit-friendly logs

    • Every protective action is logged with a clear reason (“why locked / why closed”)

Important technical notes (please read)

  • MT4 cannot forcefully prevent a third-party EA from sending an order at the exact same moment unless that EA is coded to respect a shared lock flag.
    Prop Risk Guard can close trades, delete pending orders, and apply a “lock state”, but it cannot guarantee 100% prevention of violations under extreme conditions (gaps, slippage, latency, broker execution delays).

  • This utility does not bypass funded-account rules and does not guarantee account approval, pass rate, or profitability.

  • Execution risks (slippage/gaps/latency) can still cause loss beyond the threshold before actions complete.

Typical use cases

  • Stop trading after a defined daily loss limit

  • Enforce overall max loss (equity stop behavior)

  • “Panic Close” workflows (Close All + Lock)

  • Prop-style DD monitoring for strict rule accounts

Inputs (Parameters) – Main Categories

A) Program / Reset Settings

  • Program preset: FTMO / FundedNext / FXIFY / Custom

  • Reset mode: Broker Time / UTC / Custom Offset

  • Reset hour & minute

  • Custom UTC offset (if used)

B) Loss Limits

  • Daily loss limit (%)

  • Overall max loss (%)

  • Calculation mode: Balance / Equity / Combined

  • Include floating P/L: ON/OFF

  • Include commission: ON/OFF

  • Include swap: ON/OFF

C) Protection Thresholds

  • Warning threshold (% of limit)

  • Soft lock threshold (% of limit)

  • Hard lock threshold (% of limit)

D) Actions

  • On Warning: panel warning / notifications

  • On Soft Lock: block new trades (as applicable) / delete pending orders (optional)

  • On Hard Lock: close positions / delete pendings / full lock

  • Close/Delete filters:

    • Apply to ALL trades

    • Or filter by Symbol / Magic Number / Comment

E) Notifications

  • Popup alerts: ON/OFF

  • Push notifications: ON/OFF

  • Email notifications: ON/OFF

F) UI

  • Panel position and scale

  • Show/hide details and countdown

Installation & Setup

  1. Attach the EA to one chart (any symbol/timeframe) and enable AutoTrading.

  2. Select your preset (or Custom) and set reset time correctly.

  3. Set daily and overall loss limits and choose action thresholds.

  4. Test first on a demo account to verify reset timing and behavior.

  5. For best reliability, use a VPS if you depend on emergency actions.

Disclaimer

Trading is risky. This product helps enforce the limits you configure but cannot eliminate all execution risks (slippage, gaps, latency) and does not guarantee compliance, pass rate, or profitability.

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Quantum King EA: potenza intelligente, raffinata per ogni trader IMPORTANT! After the purchase please send me a private message to receive the installation manual and the setup instructions. Prezzo di lancio speciale Segnale in diretta:       CLICCA QUI Versione MT5:   CLICCA QUI Canale Quantum King:       Clicca qui ***Acquista Quantum King MT4 e potresti ottenere Quantum StarMan gratis!*** Chiedi in privato per maggiori dettagli! Regola       il tuo trading con precisione e discipli
Vortex Turbo EA MT4
Stanislav Tomilov
5 (8)
Vortex Turbo — “Scambia la tempesta, controlla il Vortice” Vortex Turbo rappresenta la prossima fase evolutiva del trading intelligente: uno sviluppo unico che unisce un'architettura di intelligenza artificiale all'avanguardia, una logica di mercato adattiva e un controllo preciso del rischio. Basato su comprovati principi algoritmici, integra molteplici strategie in un ecosistema unificato ad alta velocità, alimentato da un nuovo livello di intelligenza predittiva. Progettato come esperto di s
XG Gold Robot MT4
MQL TOOLS SL
4.3 (37)
The XG Gold Robot MT4 is specially designed for Gold. We decided to include this EA in our offering after   extensive testing . XG Gold Robot and works perfectly with the   XAUUSD, GOLD, XAUEUR   pairs. XG Gold Robot has been created for all traders who like to   Trade in Gold   and includes additional a function that displays   weekly Gold levels   with the minimum and maximum displayed in the panel as well as on the chart, which will help you in manual trading. It’s a strategy based on  Price
Forex Diamond EA
Lachezar Krastev
5 (5)
WINTER SALE — FINAL DAYS! Get Forex Diamond EA with a huge –60% discount AND receive News Scope EA PRO as a FREE BONUS ! Special Winter Sale Price: $217 (Regular Price: $547 — You Save $330!) FREE BONUS: News Scope EA PRO  A powerful multi-symbol strategy packed with advanced features, supporting 5 trading pairs — real value: $397! After completing your purchase, simply contact me and I will send you your BONUS EA immediately. Don’t miss this once-a-year opportunity! Forex Diamond EA – Relia
Bitcoin Robot MT4
MQL TOOLS SL
4.64 (66)
The Bitcoin Robot  MT4 is engineered to execute Bitcoin trades with unparalleled   efficiency and precision . Developed by a team of experienced traders and developers, our   Bitcoin Robot   employs a sophisticated algorithmic approach (price action, trend as well as two personalized indicators) to analyze market and execute trades swiftly with   M5 timeframe , ensuring that you never miss out on lucrative opportunities.   No grid, no martingale, no hedging,   EA only open one position at the sa
Javier Gold Scalper V2
Felipe Jose Costa Pereira
5 (4)
Javier Gold Scalper: La nostra tecnologia al tuo fianco! Manuale e file di configurazione: contattami dopo l'acquisto per ricevere il manuale e i file di configurazione. Prezzo: il prezzo aumenta in base al numero di licenze vendute. Copie disponibili: 5 Fare trading sull'oro, uno degli asset più volatili del mercato finanziario, richiede elevata precisione, un'analisi accurata e una gestione del rischio estremamente efficace. Il Javier Gold Scalper è stato sviluppato proprio per integrare ques
Bazooka EA
Davit Beridze
5 (3)
Bazooka EA – Expert Advisor di Trend e Momentum per MT4 MT5:  https://www.mql5.com/en/market/product/163078 Importante:   Pubblichiamo regolarmente file .set aggiornati nella sezione   Commenti . Assicuratevi di utilizzare la versione più recente per i vostri backtest e per il trading reale, al fine di garantire prestazioni ottimali con l'attuale volatilità del mercato. Bazooka EA è un Expert Advisor completamente automatizzato per MetaTrader 4 , progettato per operare sui movimenti direzionali
The Infinity EA MT4
Abhimanyu Hans
3.68 (31)
Tecnologia basata sull'intelligenza artificiale con ChatGPT Turbo Infinity EA è un Expert Advisor di trading avanzato progettato per GBPUSD e XAUUSD. Si concentra su sicurezza, rendimenti costanti e redditività infinita. A differenza di molti altri EA, che si basano su strategie ad alto rischio come martingala o trading a griglia. Infinity EA impiega una strategia di scalping disciplinata e redditizia basata su reti neurali integrate su apprendimento automatico, tecnologia basata su intelligenz
Recovery Manager Pro MT4
Ianina Nadirova
5 (1)
Recovery Manager Pro è un sistema per recuperare i prelievi da altri consulenti o da ordini aperti manualmente. RM Pro ha la capacità di adattarsi automaticamente in modo dinamico. Il trader deve selezionare il livello di rischio e il consulente lavorerà in modalità completamente automatica. Può funzionare in modalità di recupero prelievo e in modalità standby! Se un altro consulente genera un prelievo, RM Pro lo disabiliterà, bloccherà la posizione e avvierà il processo di ripristino del depos
Altri dall’autore
KBI Signal Executor (MT4) | TradingView → MetaTrader Execution Bridge What it is KBI Signal Executor is a MetaTrader 4 Expert Advisor that executes and manages trades based on external signals, primarily alerts generated on TradingView and delivered through a structured data feed (e.g., Google Sheet / CSV). Bridge Concept (TradingView → MetaTrader) This EA is an execution bridge for signals generated by two custom SMC-based TradingView indicators. Your TradingView indicators generate BUY/SELL
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