EA Shield Risk Guard and News Lock

Daily loss, drawdown, profit target and news lock for any EA or manual trading.

EA Shield protects your account from rule breaks and news spikes, automatically.

Attach it to one chart and it monitors your whole account. It works with any Expert Advisor or manual trading, either on all trades or only on the magic numbers you choose.

What it does

• Daily Loss Limit: Set a maximum daily loss as a percentage of the day-start balance. When it is reached, EA Shield closes all protected positions, deletes pending orders and locks trading until the next day.
• Max Drawdown Lock: Choose static drawdown (from the initial balance) or trailing drawdown (from peak equity). When the limit is hit, all protected trades are closed and trading stays locked until you press the Reset button.
• Profit Target Lock: Set a target percentage. When it is reached, EA Shield closes everything and locks trading.
• News Lock: Uses the built-in MetaTrader 5 economic calendar, with no DLL and no external website. Choose the currencies and the importance level, and set the minutes before and after each event. During the window, new trades are closed immediately and pending orders are deleted. Optionally, open trades can be closed as well.
• Session Filter: Allow trading only in your chosen server-time hours. Trades opened outside that window are closed.
• Position and Lot Limits: Set a maximum number of open positions and a maximum total lot size. The newest excess trade is closed.
• On-chart Panel: See status, daily loss, drawdown, profit, news state, session state, positions and equity at a glance. A Reset Lock button resumes protection after a lock.
• Alerts: Pop-up and push notifications when a lock starts or ends.

How to use

1. Attach EA Shield to any one chart. One chart is enough for the whole account.
2. Enable Algo Trading in the terminal and in the EA properties.
3. Set your limits in the inputs. Leave the magic number field empty to protect all trades, or enter magic numbers separated by commas.
4. Keep the terminal running. For 24/5 protection, use a VPS.

Main inputs

• Magic numbers: which trades to protect (empty = all)
• Daily loss %, and the hour the day resets (server time)
• Max drawdown %, static or trailing, and optional initial balance
• Profit target % (0 = off)
• News: currencies, importance, minutes before and after, close open trades yes/no
• Session: start and end hour (server time)
• Limits: max positions and max total lots
• Notifications: alerts and push

Important notes

• EA Shield does not open trades and does not generate trading signals.
• It cannot switch off other EAs. It reacts by closing trades and deleting pending orders, so another EA may try to open new trades during a lock, and EA Shield will close them again.
• Checks run every second. During fast markets, gaps or slippage, the final loss can be larger than the limit you set.
• The economic calendar is not available in the Strategy Tester, so the news lock can only be tested on a demo or live terminal.
• Algo Trading must be enabled and the terminal must stay connected for the protection to work.
• Daily loss is calculated from the day-start balance. Your prop firm may calculate it differently, so check its rules and keep a safety margin.

Risk warning

Trading leveraged products involves a high risk of loss. EA Shield is a risk-control tool. It does not guarantee profit and does not remove market risk.

Support

Ask questions in the product Comments section. When reporting a problem, please include your terminal build and the Experts tab log.