Risk Manager Rocket

Risk Manager Rocket – MT5 Daily Loss Limit & Drawdown Protection EA

Take full control of your trading risk with Risk Manager Rocket, a professional-grade MetaTrader 5 Expert Advisor designed to protect your account from excessive losses and enforce strict risk discipline.

Whether you are trading manually or using automated strategies, this EA acts as a risk firewall, ensuring you never exceed your predefined daily loss limit.

Core Features

Daily Loss Limit (Hard Protection)

• Automatically tracks your daily profit and loss (PnL)

• Enforces a strict maximum daily loss

• Blocks all new trades once the limit is reached

• Works with manual trading AND other EAs

Real-Time PnL Tracking

• Accurate daily PnL calculation using:

  • Closed trades only

  • Profit, commission, and swap included

• Resets automatically at 00:00 UTC

• Designed for prop firm rules & disciplined trading

Trading Lock System

• When max loss is hit:

  • Trading is instantly LOCKED

  • No new positions can be opened

• Optional:

  • Automatically close all open trades

Stop Loss Protection (Anti-Cheat System)

• Prevents traders from increasing risk after entry

• Blocks or reverts:

  • Stop Loss widening

• Allows:

  • Moving Stop Loss closer to profit

This ensures your risk rules cannot be bypassed

Maximum Open Trades Limit (Optional)

• Set a maximum number of simultaneously open positions

• When the limit is reached:

  • No new positions can be opened

  • All pending orders are automatically cancelled

• If the limit is somehow exceeded, the newest positions are closed first

• Fully optional — disabled by default, enable via settings

• Default limit: 5 open trades

Professional On-Chart Control Panel

• Clean Trading Rocket–style interface

• Located in the top-left corner

• Displays:

  • Daily PnL

  • Max loss limit

  • Progress toward limit

  • Trading status (ACTIVE / LOCKED)

  • Open trades count (when limit is enabled)

Modern UI Design

• Minimalistic layout

• Smooth real-time updates

• Color-coded feedback:

  • Profit / Active

  • Loss / Locked

• Styled with a premium CornflowerBlue theme

Flexible Risk Settings

• Fixed daily loss (e.g. $500)

• Percentage-based loss (e.g. 2% per day)

• Optional auto-close on lock

• Works across all symbols and timeframes

Smart Daily Reset

• Fully automatic reset at 00:00 UTC

• Tracks new trading day independently of broker time

• Reliable even after platform restart

Persistent Protection

• Remembers:

  • Daily PnL

  • Lock status

  • Start-of-day balance

• No loopholes via restart or reconnection

Who Is This For?

• Prop firm traders (FTMO, etc.)

• Day traders & scalpers

• Algorithmic traders

• Anyone serious about risk management

Why You Need This EA

Most traders fail not because of strategy — but because of poor risk control.

Risk Manager Rocket ensures:

• You never overtrade

• You never revenge trade

• You stay within your daily risk limits

Installation

1. Attach EA to any chart

2. Set your max daily loss

3. Enable AutoTrading

4. Let Risk Manager Rocket protect your account

Important Notes

• This EA enforces a soft lock within MetaTrader 5

• Removing the EA will disable protection

• Designed as a discipline and risk control tool

Trade Smart. Trade Protected.

With Risk Manager Rocket, you are not just trading — you are trading with discipline, structure, and protection.