Prop Firm Shield Pro Drawdown Protection
- Utilità
-
Lorenzo Caputo
Funded trader.
Weekend music producer.
Occasional developer.
Mainly a creative. - Versione: 1.0
- Attivazioni: 10
82% of funded accounts are lost to rule violations, not bad trades. One revenge trade past the daily loss cap. One news spike while you are away. One forgotten trailing drawdown rule on a $100K account.
Prop Firm Shield monitors your drawdown in real time and closes all positions before you breach the limit. It costs less than a single failed challenge.
This is NOT a trading strategy. It does not place trades, generate signals, or interfere with your edge. It is a risk management utility that sits between you and your prop firm's rules, intervening only when a violation is imminent.
HOW IT WORKS
- Attach to any chart (monitors the entire account, not just one symbol)
- Select your prop firm preset OR enter custom rules
- Set your account size
- Trade normally. Prop Firm Shield only acts when a rule violation is imminent
Works with any strategy, any symbol, any timeframe. Compatible with other EAs.
CORE FEATURES
DAILY AND TOTAL DRAWDOWN MONITORING
Real-time equity tracking with percentage-based limits. Supports both Static and Trailing drawdown modes. Visual status indicators: Safe (green), Warning (yellow), Breach (red).
AUTOMATIC POSITION CLOSING
Closes all open positions when drawdown limits are reached. Configurable safety buffer to trigger closure before the actual limit. Enforcement loop keeps trading blocked after breach.
WARNING ALERTS
Configurable alert threshold before breach. On-screen popup and push notification support.
PERSISTENT STATE
Drawdown status is preserved across MT5 restarts and VPS reboots. Daily reset with configurable timezone. Automatic revalidation when parameters change via F7.
ON-CHART DASHBOARD
Displays current equity, drawdown values, percentages, and progress bars. Reference balance visible for daily and total drawdown calculations. Color-coded status. Draggable and minimizable panel.
PRO FEATURES
PROP FIRM PRESETS
One click loads the complete ruleset for your firm:
FTMO: 5% daily / 10% total / Static
The5ers: 4% daily / 6% total / Trailing
MyFundedFX: 5% daily / 8% total / Static
FundedNext: 5% daily / 10% total / Static
E8 Funding: 5% daily / 8% total / Static
True Forex: 5% daily / 10% total / Static
Custom: You set / You set / You choose
SMART NEWS FILTER
Blocks trading before and after high-impact economic events. Auto-detects relevant currencies from your chart symbol. Manual currency filter for multi-pair strategies. Configurable impact levels: High only, Medium+High, or All. Visual news markers on chart with color-coded impact.
SESSION FILTER
Define allowed trading hours with full timezone support. Server time, local PC time, or any UTC offset from -12 to +12. Optional auto-close all positions at session end.
RISK CONTROLS
Maximum number of open trades. Maximum total lot exposure. Maximum lot size per single trade. Per-trade risk percentage with no-SL detection (warn or block).
CSV EVENT LOG
Daily log file with timestamps for all events. Breach, warning, news block, session close, and trade actions recorded. Post-session audit trail for review.
PLATFORM SUPPORT
MetaTrader 5 only. Supports both Netting and Hedging accounts (auto-detected). Works with any symbol and timeframe. Compatible with manual trading and other EAs. Exposes PFS_TradeBlocked global variable for cross-EA communication. Strategy Tester compatible (news filter unavailable in tester).
IMPORTANT NOTES
This utility does not open trades. It only monitors and protects. Only one EA can be attached per chart in MT5. Attach to a separate chart when used alongside a trading EA. Does not protect against weekend gaps or market halts. News event names follow your MT5 terminal language setting.
FREE VERSION AVAILABLE
A free version with daily drawdown monitoring and auto-close is available separately on the Market. Try the free version first to see the dashboard and protection in action, then upgrade to Pro for news filter, presets, session control, risk enforcement, and trailing drawdown.
DISCLAIMER
This software is a risk management tool only. It does not guarantee protection against losses, drawdown breaches, or account termination. Market gaps, slippage, execution delays, disconnections, or extreme market conditions may prevent proper operation. The developer assumes no liability for trading losses or financial damages. Always verify that all parameters match your prop firm rules before live use. Use at your own risk.
