Prop Firm Protector Basic
- Experts
- Janitha Sandaruwan Amaradasa Wickramasingha Arachchilage
- Versione: 2.30
- Aggiornato: 31 gennaio 2026
🛡️ Prop Firm Protector Lite
Essential Protection for Funded Account Traders
Prop Firm Protector Lite is a free risk management tool designed to help traders protect their funded accounts from common rule violations. It monitors your trades in real-time and automatically enforces your prop firm's trading rules.
This utility runs silently in the background on any chart, watching all your trades regardless of how they were opened - manually, via signals, or by other EAs.
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⚡ What This Tool Does
🛡️ Symbol and Lot Police
The Symbol and Lot Police module allows you to define which currency pairs you are permitted to trade. If a trade is opened on an unauthorized symbol, the EA will close it immediately and alert you. You can also set a maximum lot size limit. Positions exceeding this limit can be automatically reduced or closed, depending on your preference.
🔥 Daily Loss Guard
The Daily Loss Guard protects you from exceeding your daily drawdown limit. You set your maximum allowed daily loss in dollars, and if your account reaches that threshold, all positions are closed and trading is paused until the next day.
🎯 Auto Stop Loss
The Auto Stop Loss feature ensures every trade has protection. When a position is opened without a stop loss, the EA automatically applies one based on your configured pip distance. This prevents unprotected trades from causing unexpected damage.
🔔 Alerts
All protection events trigger popup alerts so you always know what actions the EA has taken on your behalf.
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⚠️ Important Setup Notes
All protection features are disabled by default when you first attach this EA. This is intentional - it prevents accidental closures of existing trades before you have configured your settings.
Before enabling any feature, please configure your allowed symbols, maximum lot size, daily loss limit, and auto stop loss distance according to your prop firm rules. Then enable each feature individually.
For volatile instruments like Bitcoin or Gold, adjust the auto stop loss distance accordingly. The default 200 pips is suitable for standard forex pairs but may be too tight for crypto or metals.
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🔧 Configuration Parameters
Symbol and Lot Police: Allowed Symbols (comma-separated list), Maximum Lot Size, Enable Symbol Filter, Enable Lot Filter, Reduce Instead of Close option.
Drawdown Firewall: Daily Loss Limit in dollars, Enable Loss Limit toggle.
Auto Stop Loss: Stop Loss distance in pips, Enable Auto SL toggle.
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⚙️ Compatibility
This EA works with all MT5 brokers and is compatible with prop firm rules from FTMO, MyForexFunds, The Funded Trader, True Forex Funds, E8 Funding, and similar companies.
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📞 Support
For questions or assistance, please contact via MQL5 private message.
