Prop Firm Shield Drawdown Protection
- Utilità
- Lorenzo Caputo
- Versione: 3.42
Free risk management utility for prop firm traders. Monitors daily and total drawdown in real time and automatically closes all positions before you breach the limit.
This tool does NOT place trades. It only watches your account and protects you from drawdown violations.
WHAT IS INCLUDED
DAILY DRAWDOWN MONITORING
Tracks your daily profit and loss in real time against a configurable percentage limit. When the daily loss approaches the threshold, all positions are closed automatically.
TOTAL DRAWDOWN MONITORING
Tracks total account drawdown from initial balance (Static mode). Auto-close when total drawdown limit is reached.
CONFIGURABLE SAFETY BUFFER
Closes positions before the actual limit, not at the limit. Default buffer prevents slippage from pushing you past the threshold.
WARNING ALERTS
Configurable warning level (default 80% of limit). On-screen popup and push notification support.
PERSISTENT STATE
Drawdown status survives MT5 restarts and VPS reboots. Daily reset with configurable timezone support.
ON-CHART DASHBOARD
Real-time display of equity, drawdown values, percentages, and progress bars. Color-coded status: Safe (green), Warning (yellow), Breach (red). Draggable and minimizable. Does not clutter your chart.
HOW TO USE
- Attach to any chart (monitors the entire account)
- Press F7 and set your Account Size, Daily DD%, and Total DD%
- Done. The utility monitors and protects automatically.
Works with any symbol, any timeframe, any strategy.
UPGRADE TO PRO
The Pro version adds advanced protection features:
Trailing Drawdown (from highest equity, required for firms like The5ers) Prop Firm Presets: FTMO, The5ers, MyFundedFX, FundedNext, E8, True Forex Smart News Filter with automatic currency detection Session Time Filter with timezone support Risk Controls: max trades, max lots, per-trade risk validation No-SL detection with configurable action CSV event logging for post-session audit
PLATFORM SUPPORT
MetaTrader 5 only. Supports both Netting and Hedging accounts. Works with any symbol and timeframe. Compatible with manual trading and other EAs.
IMPORTANT NOTES
This utility does not open trades. Only one EA per chart in MT5. Use a separate chart alongside trading EAs. Does not protect against weekend gaps or market halts.
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 parameters match your prop firm rules. Use at your own risk.
