EquityGuard Risk Manager

EquityGuard is a silent account-protection utility. It watches your equity in real time and closes every position, deletes pending orders, and (optionally) shuts the EA down the moment a configurable loss, drawdown, or profit threshold is hit.

Built for prop-firm traders (FTMO, MFF, FundedNext, The5ers), multi-EA portfolios, and anyone tired of watching a green day turn red.

Key features

- Daily loss limit — % from start-of-day balance

- Daily profit target — lock in the day when reached

- Max drawdown — from peak equity, initial balance, or day start

- Total loss cap — protect the initial deposit

- Three reactions: alert only, close all, or close + disable EA

- Scope filters — by symbol and magic number

- Notifications: popup, push, email, sound

- Live on-chart panel with color-coded warnings

- Works alongside any EA, never interferes with strategies

- Prop-firm friendly — designed around FTMO-style rules

How it works

1. Attach to any chart, set your limits, enable AutoTrading.

2. EquityGuard tracks equity every second.

3. On breach: alerts fire, all matching positions close at market, pending orders are removed.

4. Daily counters reset automatically at midnight.

Use cases

- Pass a prop-firm challenge without breaking the daily loss rule

- Auto-lock profit on a +2% day and stop trading

- Stop a misbehaving EA before drawdown gets dangerous

- Combine with grid/martingale EAs as a kill-switch

Requirements

MetaTrader 5, build 3815+. Any account type. No DLL, no external files.

Tip: For FTMO-style accounts use Daily Loss = 4.5% and Total Loss = 9.5% to keep a safety margin under broker rules.

Support via private messages — usually answered within 24 hours.