PropProtector

Automated account protection for prop trading. PropProtector monitors your trading rules in real time, closes trades when a limit is reached, and helps protect your capital on funded and challenge accounts.

Important: test on a demo account first

Never run PropProtector on a live account with open trades before verifying all settings on a demo account. Adjust min/max balance, loss limit, profit target and trade limits to match your account size and strategy. Incorrect settings can immediately close all open trades.

Why PropProtector

Prop trading firms enforce strict rules: daily loss limits, maximum drawdowns, trade-count restrictions and trading bans around news. A single violation can cost you the account. PropProtector monitors your account in real time and intervenes automatically as soon as one of your own limits is reached. Set your limits with a safety buffer below your firm's rules: positions are closed at market price, so gaps and slippage cannot be ruled out.

Daily loss limit

• Percentage or fixed amount, measured against the start-of-day balance or equity (selectable)
• Real-time monitoring of equity and closed profit or loss
• Deposits and withdrawals are automatically taken out of the daily calculation, so a payout is not counted as a loss
• Early warning at a configurable threshold
• Automatic closure of all trades when reached
• Configurable daily reset time and selectable start of the trading week

On balance basis (used by the presets), PropProtector calculates the way many prop firms do: an unrealised loss you carry across the daily reset already counts towards the limit. That way the protection acts in time, instead of below the firm's own threshold. Please check your firm's exact rule.

Risk management

• Maximum risk per trade (stop-loss based)
• Maximum total risk across all open positions
• Close priority: newest or riskiest trade
• Optional stop-loss enforcement with countdown
• Maximum stop-loss trades per day, then block new trades
• Margin level protection

Trade limits

• Maximum trades per symbol, and per symbol and magic number
• Per-symbol override list
• Maximum total open trades
• Maximum lot size per trade, either global or per instrument
• Maximum total lots per instrument, also with its own override list
• Daily and weekly trade-count limits, then block new trades or close everything (selectable)
• Hedging control; pending orders can optionally count towards the open-trade and lot limits

Per-instrument lot limits in the format XAUUSD=0.5;EURUSD=5 reflect the fact that 5 lots of gold are a very different risk from 5 lots of EURUSD. Broker name suffixes separated by a character, such as XAUUSD.m or XAUUSD#, are recognised automatically.

Profit target and profit lock

• Daily profit target in percent or money
• Trailing profit lock that secures part of the day's profit (useful for consistency rules)
• Minimum and maximum equity limits
• Persistent state that survives restarts

How the profit lock works

You define an activation threshold (for example 1 percent daily profit) and a lock percentage (for example 50 percent). When the threshold is reached, the lock activates and tracks your peak daily profit. Example: with activation at 1 percent and lock at 50 percent, a profit of 2,000 locks 1,000; if profit grows to 3,000 the lock rises to 1,500; if profit then falls to 1,400, all trades are closed.

Time-based close

• Individual close times for Monday to Friday
• Optional pending-order deletion, based on broker server time

Autotrading lock

• After PropProtector has closed all trades (a limit, the profit target or lock, or the time or news close), any newly opened trade, from an EA or by hand, is closed immediately and new pending orders are deleted
• Three modes: off, until the daily reset, or until a manual reset (a restart of the EA also lifts this one)
• Robust closing with retry; the panel shows the blocked status

News filter with impact levels

Avoid trading around news events, using a public economic-calendar feed. Filter high, medium and low impact events individually, set time windows before and after each event, choose the currencies to filter and/or add the currencies of the chart symbol automatically, and see the next event in the panel. Open trades can optionally be closed a set number of minutes before an event. Existing pending orders can be saved before a news window, removed during it and restored afterwards, with crash-safe storage on disk. After a restart they only come back once the calendar has loaded, so they are not placed into the news spike. If an order cannot be placed for a temporary reason (market closed, no connection), PropProtector retries for up to 30 minutes without ever placing it twice. If the feed cannot be downloaded, PropProtector retries every minute and warns you, instead of leaving a silent gap in protection. Bank holidays are never blocked, and the conversion to broker time also handles half-hour time zones.

One-time setup for the news filter

The news filter needs WebRequest access. In MetaTrader 4 open Tools, then Options, then Expert Advisors, enable Allow WebRequest for listed URL, and add these two addresses:

• https://nfs.faireconomy.media
• https://cdn-nfs.faireconomy.media

Ready-made presets

The user manual lists ready-made preset values for the common 5 percent / 10 percent rule in account sizes from 10,000 to 200,000, along with the scaling formula and the safety buffer. With them, protection is set up within minutes; please check the values against your firm's current rules.

The table names every value that differs from the EA's defaults, so you know exactly what is set. A challenge target is included as well: when equity reaches just above account size plus 10 percent (a small buffer against spread), PropProtector flattens, so a target you already passed is not lost to one more trade.

Discreet notifications

On request, no absolute amounts leave your device: in e-mail and push the result appears only as a percentage of the day start, and plain account balances are omitted. Popup and journal stay complete. Useful with the confidentiality clauses of some prop firms, and when push previews are readable on a locked phone.

See what is actually protecting you

At startup PropProtector lists every single protection in the journal with ENABLED or DISABLED, grouped into account protection, risk, trade limits and other. You see in plain text what is really active, instead of having to infer it from the input dialog.

Crash safety and persistence

Daily balance, flags and status are saved to disk and survive terminal crashes and restarts, with automatic recovery. The state is bound to the account, so switching charts does not lose it, and when you switch accounts in the terminal each account keeps its own state. Every save goes to a side file that is read back and checked before it replaces the previous one, and carries a checksum, so a damaged file is detected instead of silently loaded. A reached daily loss limit is also recorded outside the file, so new trades stay blocked until the daily reset even if the file is lost; the panel shows when the day's values are uncertain. After a VPS or terminal restart, PropProtector waits until the terminal reports real account values before it acts, so a momentary zero reading does not close your trades.

Reset and control

A manual reset button in the panel clears all restrictions and lifts the autotrading lock. Confirmation works with two clicks instead of a dialog box, so protection keeps running uninterrupted while the prompt is armed. Note that a reset makes the current balance the new day start.

Dashboard

A compact, scalable on-chart panel with configurable font size, adjustable line spacing, and controls for column position and panel width, so the display stays readable on any screen. Every section can be shown or hidden. The panel names the reason for a block and when it ends, instead of showing only the status. Available in English and German, optionally following the terminal language.

User manual

Full documentation with all parameters and examples: User Manual (MT4)