Prop Firm DrawDown Guard EA

Prop Firm Drawdown Guard EA – Documentation

Version: 1.00
Platform: MetaTrader 4 (MT4)
Author: Branko Balog

🛡️ Purpose
This Expert Advisor (EA) is designed to enforce drawdown limits required by prop trading firms. It helps traders stay compliant with daily and total equity loss rules by automatically:

- Monitoring account equity in real time
- Closing all open trades when limits are exceeded
- Blocking all further trading activity for the rest of the day
- Optionally sending alerts/notifications

⚙️ Inputs
Parameter                      | Type    | Description
------------------------------|---------|---------------------------------------------------------------
MaxDailyDrawdownPercent       | double  | Maximum allowed daily drawdown in percentage of the day's starting equity.
MaxTotalDrawdownPercent       | double  | Maximum allowed total drawdown in percentage of initial account balance.
BlockTradingAfterDrawdown     | bool    | If true, blocks all new trades for the rest of the day after breach.
EnableAlerts                  | bool    | Enables in-terminal alerts when drawdown is breached.
EnableEmail                   | bool    | Sends email notification (requires proper setup in terminal).
EnablePush                    | bool    | Sends mobile push notification (requires proper setup in terminal).
EnableLog                     | bool    | Logs drawdown events in the Experts tab.

⏱️ How It Works
- At the start of each new day, the EA captures the account's current equity as the baseline.
- It continuously compares current equity to:
  - The day-start equity → for daily drawdown
  - The initial balance → for total drawdown
- If either threshold is breached:
  - All open trades are closed immediately
  - All pending orders are deleted
  - No new trades are allowed for the rest of the day

🧠 Special Logic
- New trade attempts while in "blocked mode" will be automatically cancelled.
- Notifications (alerts/email/push/log) are triggered once per breach.
- Resets daily logic at the start of each new day (based on server time and D1 candle).

✅ Compatible With
- All brokers that support MT4
- All account types
- All symbols and timeframes
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With this Expert Advisor you will follow the sound trading principle Buy Low and Sell High by default ! And you can do that even with a normal day job . You will be even able to trade on lower timeframes which you could never do without such an Expert Advisor. And the best thing is that you are in control! You can tell the Edge Zone EA where it has to enter and where it has to exit. And you can do that even many hours before the trade will occur . This EA is therefore an excellent assistant for
MultiOrder Assistent V3.0   - Your professional trading assistant for MetaTrader 4 The  MultiOrder Manager  is a powerful trading tool designed to optimize your trading while managing risk efficiently. With intuitive features and a user-friendly interface, this Tool is ideal for traders who want to manage multiple orders simultaneously without losing track.   Symbols: FX pairs, gold and cryptocurrencies Here you get a detailed description of the parameters and functions Manual     Features and
News Filter EA: Advanced Algo Trading Assistant News Filter EA is an advanced algo trading assistant designed to enhance your trading experience. By using the   News Filter EA , you can integrate a Forex economic news filter into your existing expert advisor, even if you do not have access to its source code. In addition to the news filter, you can also specify   trading days   and   hours   for your expert. The News Filter EA also includes   risk management   and   equity protection   features
Easy Trade – Akıllı, Basit ve Güçlü İşlem Yönetimi Easy Trade, riski kontrol altında tutmak ve işlemleri sorunsuz gerçekleştirmek isteyen MetaTrader kullanıcıları için hepsi bir arada işlem yönetim çözümüdür. Gerçek kullanıcı geri bildirimleriyle sıfırdan tasarlanan Easy Trade, işlemleri birden fazla sembolde yürütmeyi, izlemeyi ve yönetmeyi kolaylaştırır – iş akışınızı karmaşıklaştırmadan. İster manuel olarak scalping yapın ister küçük bir işlem portföyü yönetin, Easy Trade dikkatinizi olması
Partial Close Manager is an easy-to-use but powerful tool which can automatically close a position partially at different price levels. Features: *Simple dashboard to manage up to 5 different TP and SL levels for up to 5 different positions per chart simultaneously. *The user can specify any amount of lots for up to 5 different TP and/or SL levels. *The TP and SL levels specified by the user are visualized on the chart by adjustable horizontal lines. The lines are labelled according to the curr
Exp4 Duplicator
Vladislav Andruschenko
4.5 (22)
Duplicator for MetaTrader 4 — tek bir terminal içinde çalışan profesyonel işlem ve emir çoğaltma sistemi Zaten açık olan işlemleri otomatik olarak çoğaltmak, hacmi büyütmek, kendi lot kurallarını uygulamak ve çoğaltılmış pozisyonları hassas bir mantıkla yönetmek isteyen yatırımcılar için geliştirilmiş güçlü bir Expert Advisor. Manuel işlem yapanlar, otomatik sistem kullananlar ve terminalde zaten mevcut olan pozisyonları daha esnek şekilde yönetmek isteyenler için pratik bir çözümdür. Duplicato
Hedef kâra ulaşıldığında otomatik kâr kilitleme EquityTargetCloser   — MetaTrader 5 için,   öz kaynak (Equity) mevcut bakiyeyi belirtilen kâr tutarı kadar aştığında tüm piyasa pozisyonlarını otomatik olarak kapatan ve bekleyen emirleri silen bir yardımcı uzman danışmandır. Tüm pozisyonlar kapandıktan sonra hedef otomatik olarak yükseltilir: yeni eşik = yeni bakiye + belirtilen kâr. EA işlem açmaz, yalnızca mevcut pozisyonları yönetir; kârı güvenilir bir şekilde kilitlemeye ve birikmiş fonları ko
Kopyalama Ustası MT4       MetaTrader 4 ve MetaTrader 5 terminalleri için bir ticaret kopyalama aracıdır. Her iki yönde de kopyalamayı destekler: MT4'ten MT5'e, MT5'ten MT4'e ve aynı tipteki hesaplar arasında MT4'ten MT4'e. Doğru çalışabilmesi için tüm terminallerin aynı PC veya VPS üzerinde çalışması gerekmektedir. [ Instruction  and Demo ]  MetaTrader 4'e kopyalamak için ayrı bir sürüm —       Kopyalama Ustası MT5       - gereklidir. Başlıca Özellikler: Kopyalama Modları Hem Master hem de Rec
Exp SafetyLock PRO
Vladislav Andruschenko
4.57 (28)
SAFETYLOCK , yatırımcıların mevcut açık pozisyonları için ters bir emir belirleyerek ani piyasa dönüşlerine karşı korunmalarını sağlar. Bir yatırımcı veya EA yeni bir pozisyon açtığında, SAFETYLOCK otomatik olarak bu pozisyona ters yönde bir bekleyen emir oluşturur. Pozisyon zarar etmeye başlarsa, bekleyen emir devreye girer ve pozisyonu kilitleyerek zararı sınırlamaya yardımcı olur. Bu EA, başlangıç pozisyonunu kapatma, takip eden durdurma (trailing stop) ile çalışarak kazançları maksimize etme
RSI Divergence Scanner is a multi-timeframe and multi-symbol dashboard and alert that checks all timeframes and symbols to find divergences between price chart and RSI indicator. This divergence scanner is integrated with support and resistance zones so you can check the RSI divergences in the most important areas of the chart to find trend reversals in the price chart. Download demo version   (works on M 1,M5,M30,W1 timeframes) Full description of scanner parameters ->   click here . How to get
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Prop Firm Drawdown Guard EA – Documentation (MT5 Version) Version: 1.00 Platform: MetaTrader 5 (MT5) Author: Branko Balog Website: https://www.mql5.com ️ Purpose This Expert Advisor (EA) helps prop firm traders adhere to drawdown rules by monitoring daily and total account equity loss and enforcing restrictions when thresholds are breached. It performs the following actions: - Monitors account equity in real-time - Closes all open positions when drawdown limits are hit - Blocks opening of
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