Prop Protector 2

!!!The first 10 users are free!!! 

Prop Protector — Trading Panel and Risk Management Utility

Prop Protector is a utility designed for position sizing and risk management in the MetaTrader 5 terminal. The tool assists in calculating lot sizes based on defined risk parameters and monitoring daily drawdown limits.

Key Features:

  1. Trading Panel: Provides an interface for executing market Buy and Sell orders directly from the chart.

  2. Lot Size Calculation: Automatically calculates the required lot size based on a specified risk percentage of the account balance or a fixed monetary amount.

  3. Visual Management:

    • Buttons to display Stop Loss and Take Profit levels on the chart.

    • Real-time calculation of position size when adjusting SL/TP levels.

    • Calculation of the Risk-to-Reward (R:R) ratio.

  4. Order Types: Supports market and pending orders (Buy/Sell Limit, Buy/Sell Stop) according to broker trading conditions.

  5. Drawdown Control: A monitoring system for daily account drawdown. Upon reaching a predefined limit, the utility closes open positions and restricts further trading for the remainder of the day.

  6. Notifications: Provides status updates regarding trade execution and account drawdown limits via Telegram messaging.

Technical Specifications:

  • Asset Support: Compatible with all Forex currency pairs, metals (Gold/Silver), and indices.

  • Account Compatibility: Supports both Netting and Hedging account types.

  • Resource Efficiency: Optimized code ensures minimal CPU and memory usage, even when running on multiple charts.

  • Order Flexibility: Full support for both market execution and pending orders (Buy/Sell Limits and Stops).

  • Real-time Synchronization: The panel updates parameters instantly upon every tick or object modification.

FAQ:

  • Does the utility account for floating drawdown - Yes, the utility monitors real-time account equity. If the floating loss exceeds your daily drawdown limit, the system triggers the protection mechanism.

  • Can I use this utility on multiple charts simultaneously? - Yes, the panel functions independently for each symbol. However, the daily drawdown protection logic monitors the equity of the entire account, ensuring comprehensive risk control.

  • Q: Does the utility work with manual positions? - the system tracks the total account equity, meaning it monitors the performance of your entire portfolio regardless of whether the position was opened via the panel or manually.

  • Is it compatible with Prop Firm rules? -Yes, the tool is specifically configured to assist in adhering to standard daily drawdown limits often found in modern prop trading evaluations.


Setup Instructions:

  1. Enable "Allow algorithmic trading" in the Expert Advisor settings and the terminal's global settings.

  2. For Telegram notifications, go to  Tools -> Options -> Expert Advisors, enable "Allow WebRequest for listed URL," and add https://api.telegram.org.

  3. Enter your Bot Token and Chat ID in the utility's input parameters.


Technical Support

If you have any questions regarding configuration or suggestions for future updates, please contact me through the MQL5 internal chat system. I provide regular updates and am committed to prompt technical support for all users.


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Drawdown Limiter EA You are in the right place if you were searching for Drawdown control, Drawdown limiter, Balance protection, Equity Protection or Daily Drawdown Limit related to Prop Firm, FTMO, or Funded account trading, or if you want to protect your trading account. Have you suffered from controlling your drawdown when trading funded accounts? This EA is meant for you. Prop firms usually set a rule called “Trader Daily Drawdown”, and if it is not respected, you are disqualified.  I am an
Timeless Charts
Samuel Manoel De Souza
5 (3)
Timeless Charts è una soluzione di grafici avanzata, progettata per i trader professionisti che necessitano di grafici personalizzati / timeframe personalizzati – inclusi grafici a secondi / timeframe a secondi, grafici Renko / barre Renko, grafici a cluster / footprint e strumenti avanzati simili a quelli disponibili nelle piattaforme più popolari. A differenza dei tradizionali grafici offline o dei semplici indicatori personalizzati, questa soluzione crea barre completamente personalizzate con
Risk Manager Pro MT5
Roman Zhitnik
5 (8)
The Expert Advisor is a comprehensive risk manager helping users to control their trading activities. With this tool being a safeguard you can easily configure various risk parameters. When any limit is exceeded, the risk manager can force close opened positions, close other EAs, and even close the terminal to prevent emotional trading that doesn't correspond to your trading strategy. Risk Manager Settings Account Protection Check min equity limit to close all (account currency) - check the min
ManHedger MT5
Peter Mueller
4.8 (5)
THIS EA IS A SEMI-AUTO EA, IT NEEDS USER INPUT. Manual & Test Version Please TEST this product before BUYING  and watch my video about it. The price of the ManHedger will increase to 250$ after 20 copies sold. Contact me for user support or bug reports or if you want the MT4 version! MT4 Version  I do not guarantee any profits or financial success using this EA. With this Expert Advisor, you can: Implement your own Zone Recovery strategy to capitalize on trending markets. Create Grid trading s
VirtualTradePad One Click Trading Panel
Vladislav Andruschenko
4.59 (73)
Pannello di trading per il trading in 1 clic.   Lavorare con posizioni e ordini!   Trading dal grafico o dalla tastiera. Con il nostro pannello di trading, puoi eseguire operazioni con un solo clic direttamente dal grafico ed eseguire operazioni di trading 30 volte più velocemente rispetto al controllo MetaTrader standard. I calcoli automatici di parametri e funzioni rendono il trading più veloce e conveniente per i trader. Suggerimenti grafici, etichette informative e informazioni complete sugl
Advanced Dashboard Ultra
Mirel Daniel Gheonu
5 (1)
Stats Dashboard & Journal ULTRA per MT5 Il Centro di Comando di Trading Completo: Analitica, Automazione & Intelligence delle Notizie. Stats Dashboard ULTRA è l'evoluzione definitiva dello strumento di analisi Pro. Trasforma MetaTrader 5 in una stazione di trading professionale, combinando analisi delle prestazioni di livello istituzionale con protezione automatizzata dalle notizie e metriche psicologiche avanzate. Progettato per trader manuali e gestori di portafogli EA che richiedono il contro
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